Private Equity 3d Briefing
×Private Equity Secondaries Awards 2025
The Secondaries Awards 2025 secondariesinvestor.com honored top performers in the Asia-Pacific region, with Goldman Sachs Asset Management secondariesinvestor.com claiming Secondaries Buyer of the Year in the Americas, while Ardian secondariesinvestor.com secured the EMEA title. These accolades highlight regional dominance in secondary market strategies.
Deal Activity
Sverica pehub.com elevated Michael Dougherty to partner and Doug Patrican to principal, alongside hiring Matt Johnson as principal. Meanwhile, BlackRock’s GIP pe-insights.com and EQT are in advanced talks to acquire AES for $12.4bn, signaling infrastructure sector consolidation. Woven Solutions pehub.com, backed by Falfurrias, acquired Valence, a government consultancy, expanding its national security software portfolio.
Fundraising & Exits
FS KKR Capital Corporation reported rising troubled loans but remains active in private credit, as noted in Fund Friday pe-insights.com. Advent International is among bidders for Senior plc pe-insights.com, which drew $1.78bn in takeover interest. Blackstone pe-insights.com priced a $400m 2029 bond amid software sector volatility, while KKR’s FSK fund pe-insights.com adapts to shifting private credit dynamics.
Leadership Changes
DPI pehub.com appointed Sofiane Lahmar as CEO, a senior partner since 2010. Astorg pehub.com’s mid-cap co-head Edouard Pillot is departing, with Lionel de Posson assuming sole control of the team.
Market Trends
The NEXUS conference pehub.com highlighted private equity’s “zombie apocalypse” risks, with Goldman Sachs’ “handful” strategy drawing scrutiny. Saudi Arabia’s AI boom has spurred buyout interest, as QST explores options for Quantum Switch Tamasuk. FT Private Equity ft.com analyzed systemic buyout challenges, citing FSK’s unraveling deals as a cautionary tale.
Investment Themes
PE firms are eyeing hospice care platforms, with Kinderhook pehub.com, Renovus, and Revelstoke active in the sector. Searchlight and Abry pehub.com acquired IoT firm Kore for $726m, while Multiples PE-backed Zenex Animal HealthREF: