Private Equity 3d Briefing
×Market Moves
Apollo Global Management pe-insights.com and BNP Paribas are finalizing a partnership to expand European private credit, aiming to originate loans for corporate borrowers. This collaboration highlights growing investor interest in structured credit solutions across the region. Meanwhile, Novacap pe-insights.com closed its Technologies Fund VII at $3.8bn, surpassing its $2.75bn target, signaling strong demand for tech-focused private equity. Permira pehub.com appointed Giorgio Dinaro as head of Milan, succeeding Francesco Pascalizi, who led the division since 2019.
Macro & Policy
Japan may intervene to buy yen as speculation mounts over currency stability, while Ecuador plans a $4bn bond sale to fund infrastructure projects. These developments underscore shifting global monetary policies and their impact on capital flows.
AI & Innovation
Inflexion pehub.com’s John Di Giovanni highlighted “exciting” AI use cases in healthcare, while Victor Capital’s Doug Korn noted tariff risks have peaked. Entrata pehub.com is working with Goldman Sachs and JPMorgan Chase on an IPO, reflecting the sector’s growing reliance on data-driven strategies.
Secondaries & Exits
Secondaries Investor secondariesinvestor.com reported a surge in continuation vehicle deals, with 85 closed in 2025. Blackstone pehub.com’s Verdun Perry projected exit activity to grow 30%-40% in 2026, driven by increased liquidity. KKR pe-insights.com is testing the software market with a potential $1.5bn sale of BMC Helix, an AI-driven IT service platform.
Sector Focus
Water infrastructure pehub.com is gaining traction as Ambienta’s portco acquired Suomen Putkisto Palvelu, a firm specializing in underground pipe services. Green Heron pehub.com invested in Regency Plumbing Contractors, supporting its expansion in commercial plumbing.
Global Expansion
Otro Capital pehub.com is pursuing broader sports ecosystem investments after closing a $1.2bn fund, backing projects like Formula 1 team Alpine Racing. Qatar Investment Authority pe-insights.com backed 5C with hundreds of millions to expand private credit, aligning with regional infrastructure goals.
Leadership Shifts
CalPERS pehub.com urged GPs to improve transparency, while OMERS pe-insights.com reported $8.2bn net income in 2025, lagging broader portfolio returns. Bluestone pe-insights.com strengthened its sports portfolio with a three-year pact with USA Archery ahead of the 2028 Games.
Tech & Fintech
Genstar-backed Docupace pehub.com acquired Invest Edge, a fintech firm, to enhance its AI-enabled compliance tools. Kinderhook pehub.com took Enhabit private for $1.1bn, marking a major healthcare services deal.
Energy & Infrastructure
Conoco Phillips pe-insights.com is exploring a $2bn Permian asset sale, while Brookfield-backed Radiant pehub.com merged with Ori Industries to combine AI infrastructure with global capabilities. Crestview-backed One Magnify acquired Optimal’s performance marketing business, expanding its AI-driven solutions.
Defense & Industrial
Turning Rock pehub.com exited Ameri Qual, a food company majority owned by the Harlan family. GHK Capital acquired CPL, an architecture and engineering firm, to bolster its Northeast operations.
Retail & Consumer
Baird pehub.com invested in Auto Loto, a digital safety services firm, to support its automated worker safety solutions. Shamrock pehub.com acquired Mutiny, a creative agency, from Trailer Park Group.
Healthcare & Life Sciences
Frazier Healthcare-backed Rev Spring pehub.com acquired Trust Commerce, a healthcare tech firm, to expand its digital solutions. Kava Equity pehub.com snapped up The Berg Group, a drywall contractor, to diversify its portfolio.