Private Equity 3d Briefing
×Major Fund Closings & Capital Raises
Charterhouse pe-insights.com secured a €1 billion first close for its new European mid-market fund, marking a significant milestone in the firm's fundraising efforts. Ares Management pe-insights.com deployed $850 million in a continuation strategy amid a record $240 billion secondaries wave, demonstrating continued appetite for mature assets. Danske Bank pe-insights.com expanded its alternatives mandate to $245 million with Danish Industry, while Hg Capital Trust pe-insights.com committed approximately £46 million to co-investments in One Stream and Septeo.
Strategic Acquisitions & Portfolio Moves
Lone Star pehub.com completed the sale of SPX Flow to ITT for over $4.7 billion, representing a substantial exit from its 2022 take-private acquisition. Waterland Private Equity pehub.com scooped up Cooper Turner Beck, a provider of safety-critical fastener services, while TDR Capital-backed pehub.com David Lloyd Leisure expanded into the wellness sector with its acquisition of Aspria. CCMP Growth pehub.com backed Decks & Docks acquired Pro Deck Supply, strengthening its position in the specialty building products market.
Secondary Market Activity
Coller Capital pe-insights.com partnered with Mediobanca to expand evergreen secondaries access in Italy, creating new distribution channels for secondary investments. The secondaries market saw significant recognition at the Secondaries Awards 2025, with Goldman Sachs Asset Management secondariesinvestor.com taking Americas Firm of the Year honors and Ardian secondariesinvestor.com winning the EMEA title. New State pehub.com acquired Vast Coworking Group in a carveout from United Franchise Group, with founder Jason Anderson continuing as CEO.
Technology & Software Investments
Accel-KKR pehub.com invested in fleet maintenance software firm Whip Around, while CCMP pehub.com is reportedly in an early-stage sale process for facilities manager BGIS, potentially valuing the deal at $2.2 billion. Kyip Capital pehub.com invested in Chiron to develop an outpatient diagnostics platform, expanding into healthcare technology. Gemspring Capital pehub.com expanded its investment in construction tech firm Sitemetric, providing additional capital for product innovation and geographic expansion.
Leadership Changes & Strategic Initiatives
Oakley Capital pehub.com made a series of promotions including four new partners, strengthening its investment team. Littlejohn pehub.com tapped Shant Mardirossian as managing director and COO, creating a new leadership role. Aurelius pehub.com opened three new offices in Amsterdam, Milan, and Zurich to target substantial potential in local SME sectors. Bain Capital pe-insights.com acquired a majority stake in Swedish distributor Tingstad through its European Private Equity platform.
Industry Trends & Market Analysis
Brookfield's David Nowak pehub.com declared that "the era of easy returns, easy private equity is over," signaling a fundamental shift in industry dynamics. Lincoln's Chris Brooks pehub.com noted that private equity is adapting its tech playbook as AI disrupts the traditional buy-and-build model. Alvarez & Marsal pehub.com highlighted how tariff uncertainty is complicating valuations across the market. The massive AI deals driving February's record $189 billion startup funding, as reported by Crunchbase News news.crunchbase.com, underscore the technology sector's continued dominance.
Emerging Managers & Market Expansion
Emissary Partners pe-insights.com brought on former Coller CEO Sara Macedo as managing director, capitalizing on the expanding $5 trillion family office market. Trilogy Capital-backed pehub.com SSRG acquired Elite Residential Concierge, expanding its security and risk management footprint. Orion, CGF, and Exiro pehub.com partnered in a $200 million investment in Manitoba's Thompson Mine Complex, forming a new company to make the investment alongside Vale.
Exit Activity & Portfolio Optimization
Arlington Capital pehub.com sold aerospace parts maker FSG to JF Lehman, completing its exit from the precision forgings sector. Boyne Capital pehub.com sold McKee Utility Contractors to Mastec Inc, realizing returns on its 2022 recapitalization. BCP pehub.com sold United Utility Services to Sandbrook, optimizing its portfolio of utility support businesses. These exits reflect continued activity in the lower middle market and specialized industrial sectors.