Private Equity 3d Briefing
×Deal Activity & Exits
KKR pe-insights.com is lining up a $1 billion IPO for its portfolio company Global Medical Response. CD&R pe-insights.com secured shareholder approval and EU clearance for its $6.2 billion takeover of Sealed Air. Oaktree pe-insights.com is exploring a sale or London IPO for UK wealth manager Utmost Group, potentially valued at $2.7 billion. Bain Capital pe-insights.com and Lone Star advanced to the second round in the $1.9 billion bid race for a Mitsubishi Electric auto unit. General Atlantic pe-insights.com and Blackstone are among investors in Citigroup's $2.5 billion stake sale in its Mexican unit Banamex.
Fundraising & Capital Deployment
Novacap pe-insights.com closed its Technologies Fund VII at nearly $3.8 billion, surpassing its $2.75 billion target. Arcmont Asset Management pe-insights.com secured $1.62 billion for its second European private credit fund. Carlyle pe-insights.com set an ambitious $200 billion inflow target by 2028 as its turnaround gains traction. One River Asset Management pe-insights.com expanded to $3 billion AUM by acquiring LGT Capital's quantitative investment unit. BTG funds pe-insights.com will invest $1.05 billion in Brazilian energy firm Raízen amid a recapitalization plan.
Secondaries & Continuation Vehicles
GP-led credit deals secondariesinvestor.com are exploring diverse opportunities, with asset selection key to performance. Temasek's Azalea secondariesinvestor.com expects more GPs to use technology to crystallize liquidity for LPs via GP-led exits. The secondaries market is evolving into one of asset selection and cherry-picking secondariesinvestor.com, according to Ardian's Wilfred Small. GIC secondariesinvestor.com emerged as lead buyer on Meridiam's €2 billion-plus continuation vehicle portfolio. Brookfield pehub.com executed a C$459 million secondary offering for its Rockpoint Gas Storage platform.
Portfolio Investments & Add-ons
Bridgepoint pehub.com invested in Gold State Music, backing a dedicated program to build music-oriented businesses. Tonka Bay pehub.com backed home services marketing platform Camp Digital. Trive Capital pehub.com invested in Rolfson Oil, which subsequently acquired Flint Logistics Group. Renovus-backed pehub.com Solomon Edwards acquired consulting firm CFO's Domain, while another Renovus-backed pehub.com company, Definian, bought data analytics consultancy Incite. Gemspring-backed pehub.com Zavation picked up spinal implant maker Choice Spine. Genstar-backed pehub.com Docupace acquired fintech firm Invest Edge.
Firm Movements & Leadership
Carlyle is targeting significant growth as its turnaround progresses. Blackstone pehub.com predicts exit activity will grow 30%-40% in 2026, with Verdun Perry noting secondaries volume should rise. Josh Harris pehub.com at 26North is pursuing adjacent investing, warning that mixing retail capital presents risks. CalPERS CEO Marcie Frost pehub.com wants GPs to improve transparency on portfolio data. Permira pehub.com appointed Giorgio Dinaro as new head of its Milan office. Encore pehub.com promoted Paul Rivenburgh to managing director, while Cavu pehub.com elevated Jared Jacobs to managing partner.
Sector Trends & Strategic Moves
Private equity pe-insights.com has more than tripled its share of London office acquisitions, driving a $1.68 billion retrofit push. Water infrastructure pehub.com is drawing increased PE interest, with Ambienta's No Dig Alliance making add-on acquisitions. AI disruption pehub.com is complicating software buyouts, said Clearlake's José E. Feliciano. Apollo pe-insights.com and BNP Paribas are finalizing a partnership to expand European private credit. PIF's Jada pe-insights.com plans to ramp up private credit as Stride targets $200 million in Saudi deployments. Plaid pe-insights.com returned to an $8 billion valuation in an employee liquidity funding round.