Private Equity 24-Hour Briefing
×Last updated: November 3, 2026, 10:44 PM ET
Venture Capital & Cybersecurity
Ted Schlein's Ballistic Ventures techcrunch.com is seeking $490 million across new funds, with the cybersecurity-focused firm targeting $360 million for its flagship vehicle amid strong demand for AI-driven security. Global venture funding reached $59 billion in October news.crunchbase.com, a 45% jump from a year earlier, driven by China's largest startup deal on record.
Early-stage investors continue to raise debut funds techcrunch.com targeting Europe, as former Local Globe partner Yvonne Bajela closed a $17 million debut fund for Evertrue Capital focused on AI and fintech. Her fund close sifted.eu was reported separately by Sifted.
Buyouts & Infrastructure Deals
Hellman & Friedman is extending its ownership peinsights.substack.com of Team System, with KKR and Francisco Partners joining the Italian software group's shareholder base. I Squared Capital doubled its target as its second infrastructure credit strategy peinsights.substack.com hit $3 billion. In Toronto, CPP Investments and its partners completed a $422 million peinsights.substack.com logistics portfolio transaction with Dream Unlimited and Dream Industrial REIT.
Asset Managers & Fee Income
Apollo reported record fee earnings peinsights.substack.com and record deal origination in the third quarter, even as Athene's mark-to-market adjustments pushed the group to an $1.1 billion loss.
Governance & Sector Developments
FIFA will allow members peinsights.substack.com of its ruling Council to inspect confidential documents tied to the scrapped World Cup private equity plan. Among startups, researchers reported that Lovable apps sifted.eu expose sensitive user data, while a stealth frontier AI lab led by Professor James Whittington and Dr Ruairidh Battleday unveiled a breakthrough sifted.eu claiming a 724x speed boost in attention processing. Europe's photonics sector is also drawing investor attention, with 74 startups sifted.eu using light to power AI data centers.
Coming Up
Founders and VCs gather in Boston for the TechCrunch Founder Summit techcrunch.com on Nov. 4, and early-bird pass pricing techcrunch.com rises after tomorrow.