Private Equity 3d Briefing
×Fundraising & Secondaries
Tikehau Capital pe-insights.com closed its second private debt secondaries fund above target, securing more than $1 billion in commitments. Preqin founder pe-insights.com Mark O'Hare's family office built a $200 million stake in Hg vehicle through a 7.2% holding in Hg Capital Trust. Singapore-based single-family office secondariesinvestor.com Plutus Partners signaled openness to secondaries opportunities across private real estate, debt, and equity.
Deal Activity
Morgan Stanley secondariesinvestor.com saw its PCA chief depart as the bank prepares for leadership changes in private capital advisory. Blue Owl Capital pe-insights.com sold a $1.4 billion loan portfolio to pensions and insurers to manage redemptions. Bank of America pe-insights.com committed $25 billion of its own capital to expand private credit operations. Ares Management pe-insights.com priced a $358 million European private credit CLO as the market takes shape.
Sector Focus: Healthcare & Medtech
Johnson & Johnson pe-insights.com is preparing a potential sale of its orthopedics unit De Puy Synthes, with private equity firms circling the $20 billion-plus business. Mid Europa pehub.com and SK Capital led private equity's bet on medical component manufacturing, with five deals announced across the sector. Renovus-backed Angeion pehub.com acquired legal services firm Med Quest to expand its legal notice and administration capabilities.
Technology & Software Acquisitions
Lone View-backed Cargo Sprint pehub.com acquired Dray Dog, a provider of software for the cargo industry based in Atlanta. Hg-backed Cube pehub.com picked up regulatory tech firm 4CRisk to strengthen its automated regulatory intelligence offerings. Peak Rock pehub.com agreed to acquire UL Solutions' employee health and safety software business based in Chicago.
Industrial & Manufacturing
HKW pehub.com acquired Handling Systems and Conveyors Inc, which serves aerospace, defense, industrial manufacturing, and transportation end markets. Eurazeo pehub.com completed its exit of a minority stake in luxury fragrance house Ex Nihilo to L Catterton, marking a successful investment realization.
Wealth Management & Financial Services
Stone Point Capital pehub.com invested in Amber River, an independent UK wealth management advice firm. Structural challenges pehub.com loom over European defense deals, according to Houlihan's Géraud Estrangin, while space tech emerges as a dual-use growth target for investors.
IPO & Exit Activity
Bain Capital pe-insights.com is exploring a $3 billion-plus exit for Dessert Holdings through a dual-track IPO and sale process. Temasek pe-insights.com and ADIA anchored a $341 million IPO for Clean Max, backed by Brookfield in the renewable energy sector.
Sports & Entertainment
India's Indian Premier League pe-insights.com has emerged as a serious private equity target, with global firms including KKR, Blackstone, Partners Group, and CVC Capital Partners evaluating investment opportunities in the cricket league.
Market Outlook
Evercore's Nigel Dawn secondariesinvestor.com discussed the outlook for secondaries activity in 2026 and key trends shaping the market in a recent podcast. The private equity landscape shows continued appetite for healthcare, technology, and industrial sectors, while firms navigate structural challenges in defense and seek creative solutions for managing redemptions and capital deployment.