Private Equity 3d Briefing
×PE Leadership Moves
Evercore's APAC private capital advisory business gained a new leader secondariesinvestor.com with the appointment of Ben Hart, formerly of Adams Street Partners, while Sebastien Siou departed Overbay secondariesinvestor.com after joining the LP portfolio-focused firm in 2024. Meanwhile, Step Stone's Matt Roche emphasized the convergence secondariesinvestor.com of DPI and IRR metrics, noting that "it's been a tough four years for private equity" and explaining why DPI has become the industry's primary performance measure.
Major Fundraisings
Founders Fund nears closure techcrunch.com on its latest $6 billion growth vehicle, less than a year after closing a $4.6 billion fund primarily for follow-on investments in late-stage companies. In Europe, Isembard secured €50 million sifted.eu to strengthen the continent's industrial base, while Ardington and ADIA target a $20 billion pe-insights.com opportunity in real estate secondaries through a dedicated investment platform.
Defense and Infrastructure Deals
Advent International explores a $4 billion pe-insights.com divestment of Ultra Maritime, its naval defense business, as the firm considers strategic alternatives for the assets. In infrastructure, Global Infrastructure Partners and EQT agreed to acquire pe-insights.com AES Corp. in an all-cash transaction, though specific valuation details remain undisclosed in the latest reporting.
Industrial and Manufacturing Transactions
Monomoy agreed to purchase pehub.com Jiffy Lube from Shell for $1.3 billion, expanding the oil change chain's automotive services beyond its core offering to include brakes, batteries, and tires. Meanwhile, Blackstone engaged Citigroup pe-insights.com to advise on a potential $1 billion sale of Shya Hsin Packaging, and Lone Star agreed to acquire pehub.com Lonza's Capsules and Health Ingredients division, which comprises hard empty capsules, dosage form solutions, and health ingredients segments.
Environmental and Energy Investments
GIC-backed Greenko Energies weighs a potential pe-insights.com $1 billion IPO as the renewable developer seeks to capitalize on growing clean energy demand. In geothermal energy, Nucleus and First Momentum backed stealth startup sifted.eu Telura, while Ambienta acquired Pieco pehub.com, a provider of industrial water treatment and recycling solutions, as part of its sustainability-focused investment strategy.
Portfolio Company Exits and Acquisitions
Epiris-backed Delinian sold three publishing pehub.com assets to Triple Private Equity, including Derivia Intelligence, Extel, and Euromoney. Main Post agreed to sell pehub.com haircare brand Not Your Mother's to Henkel, while Ardian plans to acquire pehub.com Italian self-storage operator Casaforte, bringing its total investment in the Italian and French self-storage sector to over €300 million.
Regional Market Developments
Middle East investors will remain sifted.eu "an important source of capital" according to a top European limited partner, highlighting continued cross-border investment flows. In the Nordics, Denmark's proposed wealth tax plan could devastate sifted.eu startups, while 21 female founders and operators emerged as sifted.eu key figures to watch in the region's evolving venture ecosystem.
Healthcare and Life Sciences
Altamont Capital Partners invested in Key Container pehub.com, a provider of specialty and custom corrugated packaging products and services, though the company's healthcare connections remain unclear from available details. The broader healthcare sector continues to see consolidation activity as private equity firms target specialized service providers.
Sports and Entertainment
FFL Partners formed Pioneer HOA pehub.com, a holding company for its homeowners association property management investments, while industry leaders including Ian Charles, Mark Cuban, José E. Feliciano, and Marc Lasry shared insights pehub.com on why they favor sports investments, with PE Hub reporter Rafael Canton documenting the growing trend of private equity-backed deals in the sector.
Technology and Innovation
The Series B funding pipeline shows encouraging diversification news.crunchbase.com after hitting a low in 2023, with annual funding moving steadily higher and 2025 off to a strong start. Meanwhile, startup hiring priorities have shifted sifted.eu from coders to "clear thinkers," and Kembara's founder warned that sifted.eu "missing out on the deeptech era is unforgivable," emphasizing the sector's strategic importance for future growth.
Secondaries Market Evolution
The definition of secondaries continues to evolve secondariesinvestor.com as market dynamics shift, with LPs taking increasingly proactive approaches and continuation vehicles representing 10-20% of private equity exits, according to Dawson's managing partner Yann Robard speaking at NEXUS 2026. The market faces structural changes sifted.eu as Europe builds green regulations without adequate funding mechanisms for the companies that would deliver them.
Fleet Management and Software
LDC invested in i247 Group pehub.com, a technology-led fleet management and software provider for the automotive leasing sector, capitalizing on the growing digitization of fleet operations. The investment underscores private equity's continued interest in software-enabled service businesses with recurring revenue models.
Add-on Acquisition Activity
Main Capital-backed TMA completed its second pehub.com acquisition of 2025 with the purchase of Brains First, while HIG-backed Coriant made its fourth pehub.com acquisition with CVS following the recent merger of Rainham, Zenith, and Tei into the industrial maintenance business. These add-on strategies reflect private equity's focus on platform building and operational synergies.