Private Equity 3d Briefing
×Major Fundraisings & Investments
Novacap pe-insights.com closed its Technologies Fund VII at nearly $3.8 billion, surpassing its $2.75 billion target by over $1 billion. Summit Partners pehub.com invested $122 million in content monetization firm Stay22 to support global expansion and product innovation. Terminus pehub.com acquired a majority stake in fintech firm Eventus to accelerate investment in product innovation and global expansion. Baird pehub.com invested in digital safety services firm Auto Loto to expand automated worker safety solutions. Victor Capital pehub.com backed Specialty Fenestration Group, parent company of Quikserv Inc. and Us Bullet Proofing. Topspin pehub.com injected capital into manufacturer Grid, which partners with fitness chains and athletic programs. Bay Hawk pehub.com invested in Gridco, with the founding management team remaining majority shareholders. QC Capital pehub.com invested in pediatric healthcare provider My Pediatric Doctor. Tonka Bay Equity Partners pehub.com backed home services marketing platform Camp Digital, with founders continuing to lead the company.
Acquisitions & Exits
Gemspring Capital pehub.com sold security solutions provider Security 101 to Morgan Stanley, having invested in the company in 2021. Insight Equity pehub.com acquired aerosol products maker IKI, which serves consumer and professional products companies. Genstar Capital pehub.com acquired fintech firm Invest Edge, adding to Docupace's AI-enabled back-office software portfolio. Fusion Capital pehub.com acquired factory automation distributor Doig Corp, expanding Tavoron's automation solutions. Shamrock Holdings pehub.com acquired creative agency Mutiny from Trailer Park Group. Kava Equity pehub.com acquired drywall contractor The Berg Group, with Jack Szmanda continuing as CEO. Arcline Investment Management pehub.com invested in Hydraulics International Inc., which serves defense forces and industrial companies. North Current Capital pehub.com acquired Carey's Seamless Gutters & Overhead Doors, expanding On Track Partners' residential and commercial services. Charlesbank Capital Partners pehub.com acquired aerospace components maker Kaney Aerospace, adding to Velocity One's aerospace and defense platform. ONCAP pehub.com acquired waste services firm Metro, expanding Komar Industries' waste and recycling processing solutions. Wynnchurch Capital pehub.com agreed to acquire Arcosa's barge business for $450 million. Aquiline Capital Partners pehub.com acquired Thorn Creek Insurance Services, expanding Relation's insurance portfolio. Renovus Capital Partners pehub.com backed Solomon Edwards in acquiring consulting and recruiting firm CFO's Domain. Renovus Capital Partners pehub.com backed Definian in acquiring data analytics consultancy Incite. Clearlake Capital Group pehub.com partner José E. Feliciano noted that buyout activity in software has become challenging amid market conditions. Gemspring Capital pehub.com backed spinal implant maker Zavation in acquiring Choice Spine. North Current Capital backed On Track Partners in acquiring Carey's Seamless Gutters & Overhead Doors.
Portfolio Company Activity
Brookfield-backed Radiant pehub.com merged with Ori Industries, combining distributed AI infrastructure with global capabilities. Brookfield pehub.com sold 16.4 million shares in Rockpoint Gas Storage through a C$459 million secondary offering. CVC Capital Partners pe-insights.com backed Syntegon in raising $1.89 billion in debt to fund a $648 million shareholder dividend, increasing debt by 40%. Blackstone pehub.com energy transition fund has been involved in nine deals ranging from $800 million to $6.5 billion as buyer or seller. Blackstone pe-insights.com is preparing a $1 billion IPO exit for Global Medical Response. CD&R pe-insights.com secured shareholder approval for its $6.2 billion acquisition of Sealed Air, which also received EU clearance. EQT pehub.com backed Scale Microgrids in acquiring Reload, expanding advanced energy solutions. L Catterton pe-insights.com strengthened operational oversight at portfolio company Tonal by appointing partner Todd Bartee as CEO. Crestview Partners pehub.com backed One Magnify in acquiring Optimal's performance marketing business. Main Capital Partners pehub.com backed TMA in acquiring HR tech business STYR, marking TMA's third acquisition since December 2024. Ambienta pehub.com backed No Dig Alliance in acquiring Suomen Putkisto Palvelu, a specialist in manhole rehabilitation and underground water pipe services. Gencom pe-insights.com accelerated New York hotel buying spree with family office backing. Otro Capital pehub.com closed a $1.2 billion fund to pursue broader sports ecosystem investments, having already invested in Flex Work Sports, Formula 1 team Alpine Racing, and Two Circles.
Fund Performance & Strategy
Carlyle Group pe-insights.com set a $200 billion inflow target by 2028 as its turnaround gains traction. OMERS pe-insights.com reported $8.2 billion net income in 2025, though private equity lagged its broader portfolio's performance. La Caisse de dépôt et placement du Québec pe-insights.com grew to $378 billion after a 9.3% return in 2025 amid private equity headwinds. CPP Investments secondariesinvestor.com plans to deploy about C$20 billion into private equity this year while considering secondaries sales to trim older exposure. Temasek's Azalea Investment Management secondariesinvestor.com expects more GPs to use continuation vehicles to crystallize liquidity for LPs. Arcmont Asset Management pe-insights.com closed its Capital Solutions Fund II at $1.62 billion for complex European private credit strategies. Novacap closed Technologies Fund VII at nearly $3.8 billion, exceeding its $2.75 billion target. One River Asset Management pe-insights.com expanded to $3 billion AUM by acquiring LGT Capital's quantitative investment unit.
Leadership & Industry Trends
CalPERS pehub.com CEO Marcie Frost emphasized the need for better transparency from GPs on portfolio company data to manage risk more effectively. CalPERS pehub.com CFO Frost stated at NEXUS 2026 that "We're not selling assets in order to hit the payroll." 26North's Josh Harris pehub.com warned that mixing retail capital with wealth capital through differently regulated vehicles could create industry problems. Blackstone's Verdun Perry pehub.com predicted exit activity will grow 30-40% in 2026, with 2026 marking a record year for exits and secondaries volume. NEXUS panelists pehub.com noted that lack of exits and compressed private equity returns are complicating LP-GP dynamics. Permira pehub.com appointed Giorgio Dinaro as new head of Milan, succeeding Francesco Pascalizi. Cavu Capital Partners pehub.com promoted Jared Jacobs to managing partner after he joined the firm in 2017. Sterling Investment Partners pehub.com hired Noah Bishop as senior vice president to focus on sourcing and evaluating new platform investments. Angeles Equity Partners pehub.com hired Eric Dunn as vice president for its operating team to evaluate new investment opportunities and drive post-close transformation. Ventus Industrial's William Hilarides pehub.com, a retired vice admiral, is finding new purpose backing defense industry companies. Thoma Bravo's Holden Spaht and New York's Anastasia Titarchuk pehub.com discussed how GPs and LPs view AI disruption at PEI Group's NEXUS 2026 summit.
Sector-Specific Developments
Private equity is increasingly backing next-generation football formats, with over $185 million in capital flowing into digital-first, small-sided leagues. Water infrastructure is gaining attention from private equity firms seeking exposure to markets with attractive features. Private equity firms have more than tripled their share of London office acquisitions, investing $1.68 billion in retrofit projects. Private capital is driving large-scale US hospitality transactions, with family office capital increasingly involved. Private equity is reshaping connected fitness through operational improvements and strategic investments.