Private Equity 3d Briefing
×Private Equity Market Pulse
The S&P 500 secondariesinvestor.com fell 1.2% marking its first two-week loss since June, reflecting broader market volatility. Entrata secondariesinvestor.com is working with Goldman Sachs and JPMorgan on an IPO, signaling continued deal activity. Ardian secondariesinvestor.com secured the EMEA Secondaries Buyer of the Year gong, while Goldman Sachs Asset Management won the Americas title, highlighting strong secondaries momentum.
Company Moves & Leadership
Sverica pehub.com promoted Michael Dougherty to partner and Doug Patrican to principal, also hiring Matt Johnson as a principal, strengthening its team. DPI pehub.com named Sofiane Lahmar as its new CEO, replacing outgoing leadership. Astorg pehub.com saw co-head Edouard Pillot depart, with Lionel de Posson taking sole control of the mid-cap team.
Major Deals & Takeovers
BlackRock’s GIP and EQT pe-insights.com line up a potential $12.4bn takeover of US power producer AES, advancing strategic discussions. Advent International pe-insights.com is among suitors for Senior plc, which disclosed a $1.78bn takeover interest. VW’s Everllence pe-insights.com attracted bids from Blackstone, CVC, and Brookfield valuing the unit at around €8bn, indicating competitive M&A interest.
Fund Strategies & Sector Shifts
KKR’s $13bn FSK fund pe-insights.com adapts to the shifting private credit landscape, responding to market pressures. Blackstone’s private credit fund pe-insights.com priced a $400m 2029 bond amid software volatility, demonstrating ongoing capital raising. PE firms pehub.com are eyeing growth in hospice care platforms, with Kinderhook, Renovus, and Revelstoke pursuing investments.
Strategic Expansions & Investments
Searchlight and Abry pehub.com took IoT company Kore private for $726m, acquiring all outstanding shares at $9.25 per share. Zenex Animal Health pehub.com, backed by Multiples PE, acquired Netherlands-based Vieve Pharm, expanding its phytogenic formulations expertise. Wise Equity pehub.com invested in vending machine manufacturer FAS International, which closed 2025 with €58m revenues and a 20% EBITDA margin.
Regional & Sector Trends
Advent sealed its takeover pe-insights.com of Southeast Europe’s fast-growing tbi bank after regulatory clearance. Saudi AI boom draws buyout interest as Quantum Switch Tamasuk explores strategic options, including a potential sale. Calpers pe-insights.com remains confident in its $1.8tn private credit exposure despite AI-driven software risks.