Private Equity 3d Briefing
×Last updated: March 12, 2026, 4:30 PM ET
Secondaries Market Activity
The GP-led secondaries market continues to evolve secondariesinvestor.com, with professionals sharing insights on its future, including greater specialization, according to recent reports pehub.com. General Atlantic is entering secondariesinvestor.com the secondaries market in partnership with Clipway secondariesinvestor.com, targeting a $1 billion fund focused on growth equity and late-stage venture capital investments. Additionally, CPP Investments is coming to market secondariesinvestor.com with a multi-billion-dollar private equity portfolio sale, dubbed Project Ember. W Capital Partners emphasizes the importance of compounding and growing assets within original funds, anticipating a "K-curve market" secondariesinvestor.com. Furthermore, Ardian’s Ava Mallin noted secondariesinvestor.com the secondaries market remains undercapitalized despite the influx of private wealth capital, highlighting opportunities for further growth.
Fundraising and Investment Strategies
I Squared Capital nears pe-insights.com $10 billion in commitments for its next flagship infrastructure fund, reflecting the ongoing boom in the sector. Bain Capital secured $12.5 billion pe-insights.com across its latest Asia and Japan buyout vehicles, demonstrating continued investor confidence. BNP Paribas Asset Management raised €540 million pe-insights.com, approximately $626 million, for its first GP stakes strategy targeting private capital managers. Founders Fund nears techcrunch.com a $6 billion close for its latest growth fund, less than a year after closing its third growth fund. Copenhagen Infrastructure Partners secured pe-insights.com a €1.3 billion first close, approximately $1.4 billion, for its flagship green credit fund.
Private Credit and Market Outlook
Deutsche Bank has disclosed a €26 billion, equivalent to about $30 billion, private credit exposure as scrutiny of the sector intensifies pe-insights.com. Partners Group chair Steffen Meister warned pe-insights.com that private credit default rates could rise as AI reshapes markets. However, Partners Group chief David Layton noted privateequityinternational.com that concerns about AI and credit are "wildly overdone," emphasizing that the firm has not levered its private credit evergreen funds in the same way as some peers.
AI and Technology Investments
AI continues to drive investment activity, with Breakout Ventures raising techcrunch.com a $114 million fund to back early-stage AI science startups. Gumloop landed techcrunch.com $50 million from Benchmark to empower every worker with AI superpowers. Rebar raised news.crunchbase.com $14 million in a Series A funding round to develop an AI-generated quote system for commercial HVAC suppliers. Turing Winner LeCun’s AMI raises news.crunchbase.com a $1 billion seed round in Europe to build AI "world models." Legora, an AI platform news.crunchbase.com for lawyers, has raised $550 million in a Series D round, valuing the company at $5.55 billion.
Healthcare and Biotech Investments
Several healthcare and biotech companies attracted significant investment. Owkin spinout Waiv raised sifted.eu $33 million to scale AI-powered medical testing. BV Investment invested pehub.com in clinical data exchange platform Moxe Health. Chicago Pacific Founders invested in Nexben pehub.com, a provider of healthcare benefits management services. Health insurance unicorn Alan sifted.eu hit a €5 billion valuation.
M&A and Strategic Transactions
Several significant M&A deals were announced. Irth Capital launched pe-insights.com a $1.5 billion bid for Papa John’s with Brookfield backing, offering $47 per share. Monomoy agreed to buy pehub.com Jiffy Lube from Shell in a $1.3 billion deal. Brookfield explores pe-insights.com a $1.3 billion acquisition of EQT and PAI-backed World Freight Company. Carlyle agreed to sell pe-insights.com Sierra Col Energy to Prime Infrastructure Capital. TPG completed pehub.com the $4.75 billion sale of Intersect to Google. EQT leads pe-insights.com a $5.5 billion Galderma share sale in a record Swiss secondary exit. Monomoy buys Jiffy Lube pehub.com from Shell.
Sector-Specific Deals
In the industrial sector, ArcLight acquired pehub.com a 50% stake in a 5.4 GW Infra Bridge gas power portfolio. Wynnchurch-backed Hydraulic Technologies acquired pehub.com Foxtrot Industriel. AE Industrial’s AIM MRO bought pehub.com AA Bushings. Chimney Rock bought pehub.com Gas Clip Technologies. Hyperion’s Ranger bought pehub.com Mark One Safety Solutions. Norea Capital acquired pehub.com a majority stake in specialized manufacturer Metalunic. Bridgepoint-backed Fera Science picked up pehub.com Qotho Minerals.
Real Estate and Infrastructure
Ardian to buy pehub.com self-storage operator Casaforte, with its total investment in the self-storage sector in Italy and France exceeding €300 million. XPV Water Partners launched pehub.com an ocean technology platform Ocean Sight.
Consumer and Retail
Quadrivio Group acquired pe-insights.com a majority stake in Les Secrets de Loly.
Financial Services and Fintech
Blackstone and Blue Owl back pe-insights.com a $16 billion private equity platform Atlas. CVC secures pe-insights.com €3.7 billion financing for Global Sport Group backed by KKR and Pimco. Revolut finally wins sifted.eu a UK banking license after a five-year tussle. BNP Paribas gathers pe-insights.com €540 million for GP stakes strategy. Lloyds wants to sifted.eu be the UK’s biggest fintech.
Exits and Divestitures
Epiris-backed Delinian sold pehub.com three companies to Triple Private Equity. EQT eyes pe-insights.com a $6 billion divestment of Linux developer SUSE. CVC sees privateequityinternational.com a record year of exits with €21.9 billion realized in 2025. Old Ironsides Energy sells pehub.com Pillar. E2P sold pehub.com Furlani Foods to Arbor Investments after a three-year hold.
Other Notable Deals and Investments
LDC invested pehub.com in fleet management and software provider i247. NorthEdge-backed Ramarketing picked up pehub.com ISR Market Research. Thompson Street-backed ATIS picked up pehub.com Soberman Engineering. Main Capital-backed TMA completed pehub.com its second acquisition of 2026. Arlington’s exit of Forged Solutions Group pehub.com to JF Lehman & Co. Blackstone takes pehub.com a majority stake in Advanced Cooling Technologies. Bain Capital secures pe-insights.com $12.5bn across Asia and Japan buyout funds.
Market Trends and Outlook
Private wealth capital is expanding secondariesinvestor.com capacity for larger deals, according to Ardian’s Ava Mallin. GP-led deal volume hit secondariesinvestor.com an all-time high in 2025. Evergreens have ‘let loose’ privateequityinternational.com changes that will upend private markets, according to Hamilton Lane. Exit visibility is key secondariesinvestor.com in evaluating deals, according to A&M Capital’s Weisberg. Investors are prioritizing news.crunchbase.com startups that demonstrate real production usage and measurable outcomes. VC mega-funds are back techcrunch.com with several firms raising billions. Middle East investors will remain sifted.eu an important source of capital, says a top European LP. A startup’s most essential hire sifted.eu is no longer a coder, but a clear thinker.