Private Equity 3d Briefing
×Deal Activity & Investments
Goldman Sachs-backed CSD pehub.com acquired autism services firm Behavior Change Institute to expand its behavioral health portfolio. Kinderhook pehub.com agreed to take home health and hospice firm Enhabit private for $1.1 billion at $13.80 per share. Vistria pehub.com acquired insurance holding company Lumen Holdings, which underwrites commercial property and liability across 30+ states. Haveli pehub.com backed software firm Sirion to accelerate product innovation and global expansion. Green Heron pehub.com invested in Regency Plumbing Contractors while the executive team retained significant ownership. GHK Capital pehub.com acquired architecture, engineering and consulting firm CPL, which employs over 500 people across 25 offices.
Fundraising & Capital Markets
Broadband internet provider Vero Networks pehub.com raised $500 million from Hamilton Lane, Braemont Capital and Delta-v Capital. Qatar Investment Authority pe-insights.com committed several hundred million dollars to 5C to expand its private credit operations. Bluestone Equity Partners pe-insights.com strengthened its sports portfolio through a three-year partnership with USA Archery ahead of the 2028 Games. Lone View-backed Cargo Sprint pehub.com acquired Dray Dog, expanding its software offerings for the cargo industry.
Market Trends & Strategy
Global buyout deal value pe-insights.com surged to $904 billion in 2025 as "12 is the new 5" reshapes returns expectations. 40% of GPs secondariesinvestor.com expect to consider continuation vehicles in the next two years, with over half launching CVs primarily to return capital to existing LPs. Majority of CVs secondariesinvestor.com run by mid-market GPs in 2025 are equivalent to 50% or more of their latest flagship funds, according to Lazard. CV-on-CVs are expected to become more prevalent as sponsors seek to hold trophy assets longer.
Secondary Markets & Advisory
Evercore secondariesinvestor.com tapped Adams Street Partners for a new APAC secondaries head following Shane Gong's January 2025 departure. Europe pehub.com is drawing capital as dealmakers weigh US tariff uncertainty, with Lincoln International noting increased strategic interest. Permira pehub.com showcased UK wealth management's M&A evolution through its long hold of Evelyn Partners before selling to Nat West for £2.7 billion.
Industry Events & Research
PEI pehub.com tees off NEXUS 2026 conference while releasing new Commitment Issues podcast featuring Cohn Reznick's Jeremy Swan discussing the SCOTUS tariff decision. The industry's recovery appears to be gaining traction as more GPs put more money to work and speed up distributions to investors. ECI Partners pehub.com welcomed Marijn Pangemanan as new investment director while appointing Scarlett Salamon as investor relations analyst.
Exits & Portfolio Management
Turning Rock pehub.com exited food company Ameri Qual, which is majority owned by the Harlan family. KKR pe-insights.com outbid rivals to secure a majority stake in $1.3 billion XCL Education Holdings. Sports' Saturday pe-insights.com highlighted India's Indian Premier League emerging as a serious private equity target with global firms including KKR showing interest.