Private Equity 3d Briefing
×Technology & AI Investments
Thoma Bravo's pehub.com Holden Spaht and New York's Anastasia Titarchuk shared insights on AI disruption at PEI Group's NEXUS 2026 summit. KKR pe-insights.com is testing the software market with a potential $1.5 billion sale of BMC Helix, an AI-driven IT service platform. Meanwhile, Crestview-backed pehub.com One Magnify has acquired Optimal's performance marketing business as the firm expands its AI-enabled marketing solutions. Haveli pehub.com has backed software firm Sirion to accelerate product innovation and global expansion, while Goldman Sachs-backed pehub.com CSD acquired autism services provider Behavior Change Institute.
Energy & Infrastructure Deals
EQT-backed pehub.com Scale Microgrids has acquired Reload as the provider of advanced energy solutions continues its expansion. Private equity firms are eyeing a potential $2 billion pe-insights.com Permian Basin asset sale as Conoco Phillips streamlines its portfolio. In the broadband sector, Vero Networks pehub.com has raised $500 million from an investor group led by Hamilton Lane, Braemont Capital and Delta-v Capital to support its internet infrastructure operations.
Healthcare Sector Activity
Frazier Healthcare-backed pehub.com Rev Spring has acquired healthcare technology firm Trust Commerce from Waud Capital Partners. In another healthcare transaction, Kinderhook pehub.com is taking home health and hospice firm Enhabit private in a $1.1 billion deal, with Enhabit stockholders to receive $13.80 per share in cash. Goldman Sachs-backed CSD continues its expansion with the acquisition of Behavior Change Institute, reinforcing its position in autism and behavioral health services.
Financial Services & Capital Formation
Ardian pe-insights.com has opened private equity to 5.6 million UK defined contribution savers through a partnership with Legal & General. The Qatar Investment Authority pe-insights.com has committed several hundred million dollars to 5C, supporting the firm's expansion in private credit markets. Evercore secondariesinvestor.com has tapped Adams Street Partners for a new APAC secondaries head following the departure of former managing director Shane Gong.
Market Trends & Analysis
Global private equity dealmaking has rebounded sharply pe-insights.com in 2025, with buyout deal value surging to $904 billion as "12 is the new 5" reshapes returns. According to Lazard secondariesinvestor.com, a majority of continuation value (CV) vehicles run by mid-market GPs in 2025 are equivalent to 50% or more of their latest flagship funds. A Bain study secondariesinvestor.com reveals that 40% of GPs expect to consider a CV in the next two years, with over half citing returning capital to existing LPs as the primary reason.
Other Notable Transactions
L Squared pehub.com has acquired Functional Devices, with Mark Fernandes and the existing FDI leadership team investing alongside the private equity firm. Bluestone Equity Partners pe-insights.com has strengthened its sports portfolio with a three-year partnership with USA Archery ahead of the 2028 Games. Vistria pehub.com has acquired insurance holding company Lumen Holdings, which underwrites commercial property and other insurance products across more than 30 states. KKR pe-insights.com outbid rivals to secure a majority stake in $1.3 billion XCL Education, while Permira's pehub.com long hold of Evelyn showcases the evolution of UK wealth management M&A.