Private Equity 3d Briefing

Major PE Deals

BlackRock's GIP pe-insights.com and EQT are in advanced discussions to acquire US power producer AES in a potential $12.4 billion deal, representing one of the largest infrastructure transactions in recent weeks. Meanwhile, Volkswagen AG has received preliminary bids from Blackstone pe-insights.com, CVC and Brookfield valuing its diesel engine unit Everllence at around €8 billion ($9.44 . In another significant transaction, Equinix and CPPIB pe-insights.com are close to acquiring pan-Nordic data-centre operator at North in a deal worth approximately $4 billion.

Private Credit Market

The private credit landscape continues to evolve with several developments. KKR pe-insights.com is adapting its $13 billion FSK fund to shifting market conditions, while Blackstone pe-insights.com has priced a $400 million bond maturing in 2029 for one of its private credit vehicles amid software market volatility. Arcmont pe-insights.com has secured $1.62 billion for a complex European private credit strategy, reflecting continued investor appetite for specialized credit strategies.

Firm Strategies & Targets

Carlyle Group pe-insights.com is setting ambitious targets, expecting to raise at least $200 billion in inflows by the end of 2028 as its turnaround efforts gain traction. Apollo Global Management pe-insights.com and BNP Paribas are close to finalizing a partnership to expand their European private credit origination capabilities. Meanwhile, La Caisse pe-insights.com has grown to $378 billion after generating a 9.3% overall return in 2025, demonstrating resilience despite headwinds in private equity markets.

Portfolio Activity

Private equity firms remain active in portfolio investments and exits. Searchlight and Abry pehub.com are taking IoT company Kore private at $9.25 per share in a $7