Private Equity 3d Briefing
×Fundraising & Fundraising Activity
Carlyle secondariesinvestor.com is seeking to raise $60 billion for its Alp Invest platform as part of an ambitious $200 billion-plus capital target by 2028. Charterhouse pe-insights.com secured a €1 billion first close for its latest European mid-market fund. Ares pe-insights.com closed an $850 million continuation fund for Convergint Technologies amid record $240 billion secondaries activity. Danske Bank pe-insights.com expanded its alternatives mandate to $245 million with Danish Industry.
Major Deals & Exits
Lone Star pehub.com completed the $4.7 billion sale of SPX Flow to ITT, marking a successful exit from its 2022 take-private acquisition. American Securities pehub.com is selling manufacturers CPM Holdings and MW Components to Rosebank Industries, with the transaction expected to close in Q2 2026. Waterland pehub.com acquired Cooper Turner Beck Group, a provider of safety-critical fastener services. TDR Capital pehub.com backed David Lloyd Leisure's acquisition of Aspria, a high-end operator of 10 upscale member clubs across Europe.
Technology & AI Investments
Neuberger Berman pe-insights.com led a $500 million Series E investment in Ayar Labs at a $3.75 billion valuation, with backing from Nvidia. Kyip Capital pehub.com invested in Chiron to develop an outpatient diagnostics platform. TPG pehub.com invested $250 million in Findhelp, a social care technology platform. Jacmel-backed VTG pehub.com acquired Vector Tech Group to expand its IT and cloud services capabilities.
Healthcare & Life Sciences
Boyne Capital pehub.com sold McKee Utility Contractors to Mastec Inc after recapitalizing the business in December 2022. PE-backed Esperion pehub.com acquired biopharma firm Corstasis for $75 million upfront, with up to $180 million in additional milestone payments. CVC and Hartenberg-backed FutureLife pehub.com will acquire Herts & Essex Fertility Centre, expanding its UK fertility services network.
Defense & Industrial
Blackstone pe-insights.com joined a consortium that tabled a non-binding cash offer for Senior Plc, the British aerospace components manufacturer valued at £1.5 billion. Aeromed pehub.com secured investment from Gemspring to support recent acquisitions of HITEK Electronic Materials, Norca Tec LLC, and Kit Pack Company. Arlington Capital pehub.com sold aerospace parts maker FSG to JF Lehman.
Secondaries & Continuation Funds
Ares deployed $850 million in a continuation strategy as secondaries activity reached record levels. Coller Capital pe-insights.com partnered with Mediobanca to expand evergreen secondaries access in Italy. Carlyle is targeting $60 billion for Alp Invest amid a broader fundraising supercycle.
Operational & Strategic Moves
Brookfield pehub.com president David Nowak emphasized that operational improvements at portfolio companies will be the defining factor in private equity success. Hg Capital Trust pe-insights.com committed approximately £46 million ($62 to new co-investments in One Stream and Septeo. Littlejohn pehub.com appointed Shant Mardirossian as managing director and COO to work across finance, legal, and operations teams.
Geographic Expansion
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 agreed to acquire a majority stake in Swedish distributor Tingstad through its European Private Equity platform. BCI, Norges Bank, and Brookfield pehub.com launched Northview Energy, an equally funded and owned infrastructure platform.
Alternative Assets & Infrastructure
Warburg Pincus pe-insights.com is preparing to invest up to $1 billion in Global Eggs, targeting an $8 billion egg empire. Orion, CGF, and Exiro pehub.com partnered in a $200 million investment in Manitoba's Thompson Mine Complex, forming Exiro Nickel Company alongside Vale. Meritus Gas Partners pehub.com, a portfolio company of AEA Investors, acquired Greens Welding Supply.
Market Sentiment & Strategy
Clearlake's José E. Feliciano pehub.com discussed AI disruption at NEXUS 2026, while Hellman & Friedman's Patrick Healy pehub.com noted that "reality is rarely defeated" in private equity returns. New Mountain's Neal Costello secondariesinvestor.com highlighted how acceptance of continuation vehicles (CVs) makes this an opportune time for PE entrants. Lincoln's Chris Brooks pehub.com noted that private equity is adapting its tech playbook as AI disrupts traditional buy-and-build models.