Private Equity 3d Briefing
×Major Portfolio Moves
General Atlantic pe-insights.com and Blackstone are among investors in Citigroup's $2.5 billion Banamex stake sale. The deal sees Citigroup offload a 24% stake in its Mexican banking unit to a consortium of institutional investors.
Infrastructure Investment Trends
Water infrastructure continues drawing private equity interest as firms target markets with attractive features. Ambienta pehub.com has expanded its portfolio through No Dig Alliance's add-on acquisition, while Hg launches an AI adoption initiative for portfolio companies.
Fund Performance & Returns
OMERS pe-insights.com delivered a 6% net investment return in 2025, generating $8.2 billion in net income despite private equity lagging its broader portfolio performance.
Add-on Acquisition Activity
Main Capital Partners pehub.com-backed TMA has acquired HR technology business STYR, marking its third transaction since the December 2024 partnership. Meanwhile, Ambienta pehub.com portco No Dig Alliance purchased Suomen Putkisto Palvelu, a specialist in manhole rehabilitation and underground water pipe services.
Strategic Perspectives
Thoma Bravo pehub.com's Holden Spaht and New York Life's Anastasia Titarchuk discussed how general partners and limited partners view AI disruption at PEI Group's NEXUS 2026 summit.
Marketing & Technology Consolidation
Crestview Partners pehub.com-backed One Magnify has acquired Optimal's performance marketing business, strengthening its AI-enabled marketing solutions offering. In the energy sector, EQT pehub.com-backed Scale Microgrids scooped up Reload to expand its advanced energy solutions portfolio.
Manufacturing & Industrial Expansion
L Squared pehub.com has acquired Functional Devices, with president Mark Fernandes and the existing leadership team investing alongside and continuing to lead the business.
Large-Cap Deal Activity
KKR pe-insights.com is exploring a sale of BMC Helix that could value the AI-driven IT service management platform at $1.5 billion, testing the software market's appetite for AI-enabled assets.
Energy Sector Transactions
Private equity firms are eyeing a potential $2 billion sale of selected Permian Basin assets as Conoco Phillips pe-insights.com streamlines its portfolio. Separately, Frazier Healthcare Partners pehub.com-backed Rev Spring has acquired healthcare technology firm Trust Commerce from Waud Capital Partners.
Distribution & Liquidity Initiatives
Ardian pe-insights.com has partnered with Legal & General to provide private equity exposure to 5.6 million UK defined contribution savers, expanding retail access to alternative investments.
Industry Conference & Market Sentiment
PEI tees off its NEXUS 2026 conference while releasing new Commitment Issues podcast episodes. Cohn Reznick pehub.com's Jeremy Swan weighed in on the Supreme Court tariff decision's implications for private equity.
Software & AI Investment
Haveli pehub.com has backed software firm Sirion with investment to accelerate product innovation and expand global go-to-market presence.
Healthcare Services Consolidation
Goldman Sachs pehub.com-backed CSD has acquired autism services provider Behavior Change Institute, expanding its evidence-based autism and behavioral health services portfolio.
Exit Activity
Turning Rock Partners pehub.com has exited food company Ameri Qual, which remains majority owned by the Harlan family.
Sports & Entertainment Investment
Bluestone Equity Partners pe-insights.com has announced a three-year partnership with USA Archery ahead of the 2028 Games, strengthening its sports portfolio.
Infrastructure Investment
Broadband internet provider Vero Networks pehub.com has raised $500 million from an investor group led by Hamilton Lane, Braemont Capital and Delta-v Capital.
Take-Private Transactions
Kinderhook Industries pehub.com will take home health and hospice firm Enhabit private for $1.1 billion, with stockholders receiving $13.80 per share in cash.
Secondaries Market Developments
Evercore secondariesinvestor.com has tapped Adams Street Partners for a new APAC secondaries head following Shane Gong's January 2025 departure.
Insurance Sector Consolidation
Vistria Group pehub.com has acquired insurance holding company Lumen Holdings, which underwrites commercial property, builders' risk and various liability lines across more than 30 states.
Private Credit Expansion
Qatar Investment Authority pe-insights.com has committed several hundred million dollars to 5C to expand its private credit capabilities.
Industrial Services Investment
Green Heron pehub.com has invested in Regency Plumbing Contractors, with the executive team retaining a significant ownership position and continuing to lead the business.
Professional Services Acquisition
GHK Capital pehub.com has acquired architecture, engineering and consulting firm CPL, which employs over 500 people across 25 offices in eight states.
Continuation Vehicle Trends
Mid-market general partners are increasingly turning to larger continuation vehicles, with the majority of CVs run by mid-market GPs in 2025 equivalent to 50% or more of their latest flagship funds, according to Lazard secondariesinvestor.com.
Fundraising & Team Expansion
ECI Partners pehub.com has welcomed Marijn Pangemanan as new investment director while appointing Scarlett Salamon as investor relations analyst.
Market Rebound & Valuation Dynamics
Global private equity deal value surged to $904 billion in 2025 as the "12 is the new 5" paradigm reshapes returns, according to Bain pe-insights.com's analysis of the market rebound.
Cross-Border Investment Flows
Europe is drawing capital as dealmakers weigh US tariff uncertainty, with Lincoln International noting increased strategic interest. Permira pehub.com's long hold of Evelyn Partners showcases UK wealth management's M&A evolution ahead of its £2.7 billion sale to Nat West.
Education Technology Investment
KKR pe-insights.com has outbid rivals to secure a majority stake in $1.3 billion XCL Education Holdings, expanding its presence in the education technology sector.
Secondary Market Evolution
Forty percent of general partners expect to consider continuation vehicles in the next two years, with over half citing returning capital to existing LPs as the primary motivation, according to Bain secondariesinvestor.com's latest study.