Private Equity 3d Briefing
×Fundraising and Investment Activity
Bain Capital pe-insights.com secured $12.5 billion across its latest Asia and Japan buyout vehicles, reflecting continued investor interest in the region. BNP Paribas Asset Management pe-insights.com raised approximately $626 million for its first GP stakes strategy, targeting private capital managers. Founders Fund techcrunch.com is nearing a $6 billion close for its latest growth fund, following its previous $4.6 billion fund, primarily for follow-on investments.
Portfolio Performance and Strategy
Ontario Teachers’ Pension Plan pe-insights.com reported a 6.7% total-fund net return for 2025, with net assets reaching $279.4 billion. Carlyle pe-insights.com is planning a multibillion-dollar structured financing to support the launch of its flagship Carlyle Partners IX fund. Ardian secondariesinvestor.com noted that the secondaries market remains undercapitalized despite increasing private wealth capital. StepStone Group’s secondariesinvestor.com partner noted that DPI is IRR today.
M&A and Transactional Developments
Monomoy pehub.com agreed to buy Jiffy Lube from Shell pehub.com in a $1.3 billion deal, expanding its automotive services. Lone Star pehub.com agreed to buy Lonza’s pehub.com Capsules and Health Ingredients division. CVC Capital Partners pe-insights.com secured approximately $4 billion in financing for Global Sport Group, backed by KKR pe-insights.com and Pimco pe-insights.com.
Sector-Specific Deals and Investments
NorthEdge pehub.com-backed Ramarketing acquired ISR Market Research, a specialist research firm focused on the pharmaceutical outsourcing market. Thompson Street pehub.com-backed ATIS acquired Soberman Engineering, a provider of vertical transportation consulting. Wynnchurch pehub.com-backed Hydraulic Technologies acquired Foxtrot Industriel, a manufacturer of industrial handling equipment. XPV Water Partners pehub.com launched ocean technology platform Ocean Sight, focusing on subsea sensing. Altamont Capital Partners pehub.com invested in Key Container, a packaging products and services provider. FFL Partners pehub.com formed Pioneer HOA, a holding company for investments in homeowners association property management firms. BV Investment pehub.com invested in Moxe Health, a clinical data exchange platform.
Secondaries Market Dynamics
CPP Investments secondariesinvestor.com is coming to market with a multi-billion-dollar PE portfolio sale, including a portion of equal strips to buyout funds, as the secondaries market experiences increased activity. Ardian pe-insights.com has partnered with a subsidiary of the Abu Dhabi Investment Authority to launch a dedicated real estate secondaries opportunity, targeting a $20 billion market.
Exits and Divestitures
Epiris-backed Delinian pehub.com sold three companies, Derivia Intelligence, Extel and Euromoney, to Triple Private Equity. Advent International pe-insights.com is exploring a potential $4 billion divestment of its naval defense business, Ultra Maritime. Main Post pehub.com is selling haircare brand Not Your Mother’s to Henkel. Blackstone pe-insights.com is preparing a potential sale of ShyaHsin Packaging pe-insights.com, with Citi secondariesinvestor.com advising on the deal. EQT pe-insights.com is exploring a potential $6 billion divestment of Linux developer SUSE. Searchlight Capital Partners pehub.com recently exited Euclid Transactional, a provider of representations and warranties insurance, to CRC Group.
Technology and Innovation Investments
Legal tech Legora sifted.eu raised $550 million in a Series D round, achieving a $5.55 billion valuation. Rebar, an AI-driven quote system for commercial HVAC suppliers, secured $14 million news.crunchbase.com in a Series A funding round. Nucleus and First Momentum sifted.eu are backing Telura, a stealth geothermal energy startup.
Real Estate and Infrastructure
Ardian pehub.com is set to buy self-storage operator Casaforte, with its total investment in the self-storage sector in Italy and France exceeding €300 million.
Financing and Capital Markets
CVC Capital Partners pe-insights.com secured approximately €3.7 billion, about $4 billion, in financing for Global Sport Group, backed by KKR pe-insights.com and Pimco pe-insights.com.
Industry Trends and Analysis
The private equity industry is seeing increased interest in sports-related investments, as highlighted by a roundup of insights from sports investors compiled by PE Hub’s Rafael Canton pehub.com. The secondaries market is evolving, with LPs taking a more proactive approach, and CVs are expected to represent 10-20% of PE exits, according to Ardian’s secondariesinvestor.com managing partner. Private wealth capital secondariesinvestor.com is expanding capacity for larger deals, as noted by Ardian’s Ava Mallin.
Asia-Pacific Focus
Bain Capital pe-insights.com raised $12.5 billion across its latest Asia and Japan buyout vehicles, underscoring continued investor confidence in the region. Evercore secondariesinvestor.com has hired ex- Adams Street Partners secondariesinvestor.com Asia investor relations head Ben Hart to lead its APAC private capital advisory business.
ESG and Climate Investing
XPV Water Partners pehub.com launched Ocean Sight, an ocean technology platform.
Geopolitical and Economic Factors
Middle East investors are expected to remain an important source of capital, according to a top European LP cited in Sifted article sifted.eu.
Operational and Strategic Developments
LDC pehub.com invested in i247 Group, a technology-led fleet management and software provider for the automotive leasing sector. Main Capital-backed TMA pehub.com completed its second acquisition of 2026, acquiring Brains First. HIG-backed Coriant pehub.com made its fourth acquisition with CVS. FFL Partners pehub.com formed Pioneer HOA.
Market Sentiment and Outlook
Partners Group’s privateequityinternational.com chief executive David Layton believes concerns about AI and credit are "wildly overdone." StepStone’s secondariesinvestor.com partner Matthew Roche noted the current market dynamics, emphasizing the importance of DPI.
Other Notable Transactions
GIC-backed renewable developer Greenko pe-insights.com is lining up a potential $1 billion IPO. Tencent Holdings pe-insights.com is considering a fresh investment of several hundred million dollars in the Paramount–Warner Bros. deal backed by Red Bird. Lone Star pehub.com has agreed to buy Lonza’s pehub.com Capsules and Health Ingredients division.
Departures and Personnel Changes
Overbay’s secondariesinvestor.com managing director departed the firm.
Emerging Trends and Disruptions
The rise of AI is forcing Saa S companies to rethink their product strategies, as customers gain the ability to build their own workflows, as highlighted in a Crunchbase News article news.crunchbase.com. The focus on clear thinking is becoming increasingly crucial for startups, as noted in a Sifted article sifted.eu.
Regulatory and Policy Impacts
A Denmark wealth tax plan sifted.eu would be a disaster for startups, according to a Sifted article.
Diversity and Inclusion
Level 20’s pehub.com CEO highlights improvements in diversity within private equity.
Future Outlook
SpaceX veteran techcrunch.com says the next big thing in space is satellites that return to Earth.