Private Equity 3d Briefing
×Major Exits & Portfolio Moves
Blackstone pe-insights.com is targeting $200 billion in inflows by 2028 as its turnaround gains traction, positioning the firm for continued growth despite market headwinds. CD&R pe-insights.com secured shareholder approval and EU clearance for its $6.2 billion acquisition of Sealed Air, marking a significant win for the private equity giant. KKR pe-insights.com has lined up banks for a potential $1 billion IPO exit of Global Medical Response, while Bain pe-insights.com and Lone Star are advancing in the $1.9 billion bid race for Mitsubishi Electric's automotive unit. CVC Capital Partners pe-insights.com backed Syntegon has raised $1.89 billion in debt to fund a $648 million shareholder dividend, highlighting continued capital deployment in the sector.
Fundraising & Investment Activity
Novacap pe-insights.com closed its $3.8 billion Tech Fund VII, surpassing its $2.75 billion target by over $1 billion, demonstrating strong investor appetite for technology-focused private equity. Arcmont pe-insights.com secured $1.62 billion for its complex European private credit strategy, while Gencom pe-insights.com is accelerating its New York hotel buying spree with family office backing. Otro Capital pehub.com closed a $1.2 billion fund to pursue a broader sports ecosystem, having already invested in Formula 1 team Alpine Racing and Two Circles. One River pe-insights.com expanded to $3 billion in assets under management with the acquisition of LGT Capital's quantitative investment unit.
GP-Led Transactions & Secondaries
EQT pehub.com sold its remaining shares in Azelis for €190 million, completing its exit from the specialty chemicals service provider. EQT pe-insights.com has halted its Oxford Biomedica takeover push due to valuation differences, while IOP pehub.com is selling retail fixtures provider Royston to LSI Industries for $320 million. Gemspring pehub.com sold Security 101 to Morgan Stanley, having invested in the company in 2021. Genstar-backed Docupace pehub.com acquired fintech firm Invest Edge, expanding its AI-enabled back-office software platform for wealth management firms.
Strategic Acquisitions & Add-Ons
Plaid pe-insights.com returned to an $8 billion valuation in an employee liquidity funding round, according to Bloomberg. Trive Capital pehub.com invested in Rolfson Oil, which subsequently acquired Flint Logistics Group, an Oklahoma City-based fuel and lubricant provider. Gemspring-backed Zavation pehub.com picked up Choice Spine, expanding its spinal implants and interventional spine products portfolio. Renovus-backed Solomon Edwards pehub.com acquired consulting and recruiting firm CFO's Domain, while Renovus-backed Definian pehub.com acquired data analytics consultancy Incite.
Leadership Changes & Strategic Moves
Carlyle Group expects to raise at least $200 billion in inflows by the end of 2028 as its turnaround gains traction. Blackstone's Foley and Khan pehub.com highlighted Arlington's add-on potential in the electrical products distribution space, noting the energy transition fund's involvement in nine deals ranging from $800 million to $6.5 billion. Clearlake's José E. Feliciano pehub.com warned that buyout activity in software businesses faces significant headwinds, calling it "a four-letter word" in the current environment. Inflexion's John Di Giovanni pehub.com sees "exciting" AI use cases in healthcare, while Victor Capital's Doug Korn says tariff risk has peaked.
Infrastructure & Energy Deals
Wynnchurch pehub.com will acquire Arcosa's barge business for $450 million, expanding its infrastructure portfolio. Brookfield-backed Rockpoint Gas Storage pehub.com closed a C$459 million secondary offering, with Brookfield selling 16.4 million shares. Brookfield-backed Radiant pehub.com merged with Ori Industries, combining distributed AI infrastructure with global capabilities. BTG funds pe-insights.com will invest $1.05 billion in Raízen as Shell and Cosan advance their recapitalization plan for the Brazilian joint venture.
Healthcare & Life Sciences
Sovereign Capital pehub.com acquired Apollo Home Healthcare, a provider of bespoke, high-acuity care focused on children and adults with complex clinical needs. Victor Capital pehub.com backed Specialty Fenestration Group, parent company of Quikserv Inc. and Us Bullet Proofing. My Pediatric Doctor pehub.com secured investment from QC Capital, with Eric Doherty serving as CEO. Arcline pehub.com will invest in Hydraulics International Inc, whose products serve US and allied defense forces, prime contractors, and government agencies.
Technology & Digital Services
Topspin pehub.com injected capital into manufacturer Grid, a partner to fitness chains and athletic programs. Bay Hawk pehub.com invested in Gridco, with the founding management team remaining majority shareholders. Crestview-backed One Magnify pehub.com acquired Optimal's performance marketing business, expanding its AI-enabled marketing solutions. Genstar-backed Docupace acquired fintech firm Invest Edge, strengthening its wealth management software platform.
Real Estate & Construction
Tonka Bay pehub.com backed home services marketing platform Camp Digital, with founder Katie Donovan and COO Meg Stapleton continuing to lead the company. Victor Capital also backed Specialty Fenestration Group in the fenestration space. Shamrock pehub.com snapped up creative agency Mutiny from Trailer Park Group, which had incubated the division in 2021. Fusion Capital-backed Tavoron pehub.com picked up factory automation distributor Doig Corp, expanding its automation and robotics solutions.
Emerging Markets & Alternative Assets
26North's Josh Harris pehub.com warned that mixing retail capital with wealth capital through differently regulated vehicles could create problems for the private markets industry. Parex submitted a rival $500 million cash bid for Catalyst-backed Frontera's Colombian upstream business. La Caisse pe-insights.com grew to $378 billion after a 9.3% return amid private equity headwinds, while OMERS pe-insights.com reported $8.2 billion in net income for 2025 as private equity lagged its broader portfolio.
Portfolio Optimization & Exit Strategies
CalPERS pehub.com is pushing its GPs for better transparency on portfolio company data to better manage risk across its $613.7 billion portfolio. NEXUS panelists pehub.com noted that lack of exits and compressed private equity returns are complicating LP-GP dynamics. Blackstone's Perry pehub.com predicts 2026 will mark a record year for exits and secondaries volume, with exit volumes moving assets' cash flows forward and allowing secondaries buyers to offer higher prices.
Regional & Sector-Specific Activity
North Current-backed On Track pehub.com acquired Carey's Seamless Gutters & Overhead Doors, expanding its residential and commercial garage door services. Charlesbank-backed Velocity One pehub.com snapped up Kaney Aerospace, uniting specialized companies in aerospace and defense. ONCAP-backed Komar Industries pehub.com acquired waste services firm Metro, expanding its waste and recycling processing solutions. Kava Equity pehub.com acquired drywall contractor The Berg Group, with Jack Szmanda continuing as CEO.
Strategic Partnerships & Joint Ventures
Apollo Global Management pe-insights.com and BNP Paribas are close to finalizing a partnership to originate European private credit deals. GIC secondariesinvestor.com has emerged as the lead buyer in Meridiam's €2 billion+ continuation vehicle, which will consist of 22 infrastructure assets held by legacy funds. PIF unit Jada pe-insights.com plans to ramp up private credit as Stride targets $200 million in Saudi deployment. Ambienta portco No Dig Alliance pehub.com acquired Suomen Putkisto Palvelu, a specialist in manhole rehabilitation and underground water pipe services.