Private Equity 3d Briefing
×Leadership Changes
Sverica pehub.com has promoted Michael Dougherty to partner and Doug Patrican to principal, while also adding Matt Johnson as a new principal to expand its team. In other personnel moves, DPI pehub.com has named Sofiane Lahmar as its new CEO, with Lahmar having served as a senior partner at the firm since 2010. Astorg pehub.com is facing leadership changes as mid-cap co-head Edouard Pillot plans to depart, with Lionel de Posson set to take sole control of the team.
Investment Activity
Private equity firms continued their deal-making streak with several notable transactions. Searchlight pehub.com and Abry are taking Io T company Kore private in a $726 million deal, while Wise Equity pehub.com is investing in vending machine manufacturer FAS International. Trive Capital pehub.com has invested in Rolfson Oil, which subsequently acquired Flint Logistics Group. In the healthcare sector, QC Capital pehub.com has backed My Pediatric Doctor, a pediatric telemedicine company, while Sovereign Capital pehub.com acquired Apollo Home Healthcare.
Healthcare & Specialized Services
PE firms are increasingly targeting healthcare and specialized service platforms. Renovus pehub.com backed Solomon Edwards' acquisition of CFO's Domain, while Gemspring pehub.com supported Zavation's purchase of Choice Spine. Falfurrias-backed pehub.com Woven Solutions acquired government consultancy Valence, expanding its offerings for the national security community. The hospice care sector is also attracting attention as Kinderhook pehub.com, Renovus and Revelstoke pursue investments in this growing market.
Market Trends & Outlook
Blackstone's pehub.com Verdun Perry predicts 2026 will be a record year for exits and secondaries volume, with exit activity expected to grow 30%-40%. This outlook is supported by Ardian's secondariesinvestor.com Wilfred Small, who notes that today's secondaries market has evolved to focus on asset selection and "cherry picking." In the sports sector, Otro Capital pehub.com is pursuing a broader sports ecosystem after closing its $1.2 billion fund, having already invested in Flex Work Sports and Formula 1 team Alpine Racing.
Fundraising & Deployment
Several firms have announced significant fundraising efforts. Novacap pe-insights.com has closed its Technologies Fund VII at nearly $3.8 billion, exceeding its $2.75 billion target by over $1 billion. Carlyle pe-insights.com has set an ambitious $200 billion inflow target by 2028 as its turnaround gains traction. On the credit front, Apollo pe-insights.com and BNP Paribas are partnering to expand European private credit opportunities, while Arcmont pe-insights.com secured $1.62 billion for its complex European private credit strategy.
Technology & Innovation
Technology investments remain a focus for private equity. Clearlake's pehub.com José E. Feliciano commented on AI disruption, noting that buying software