Private Equity 3 Days

Last updated: May 29, 2026, 2:32 PM ET

Fundraising & Platform Expansion

British Columbia Investment Management launched a Capital Solutions Group within its private equity unit to provide financing for buyout firms facing a prolonged exit drought, while EQT appointed Nicholas Macksey and Hari Gopalakrishnan as co-heads of its Private Capital Asia business to deploy a record $15.6 billion regional fund. Actis, the sustainable infrastructure arm of General Atlantic, secured $2.5 billion at first close of its $6 billion flagship energy fund, and placement agents regained momentum raising $82 billion in new capital for GP clients last year. In Europe, Eurazeo made its first Denmark entry by acquiring majority stake in T1A Group, a circular IT economy business focused on extending equipment lifecycles.

Strategic Partnerships & Technology Integration

EQT struck a Google Cloud partnership to accelerate AI rollout across more than 300 portfolio companies, granting streamlined access to Google's agentic AI platform as firms grapple with operating model challenges beyond their value creation plans. I Squared Capital committed up to $1 billion to launch a U.S. AI inference data center platform targeting colocation and artificial intelligence workloads, while Groq reportedly seeks $650 million in internal funding to pivot from hardware toward AI inference capabilities. Blackstone Life Sciences agreed to a $1.3 billion financing package with Apogee Therapeutics, combining royalty and debt components to support strategic growth initiatives.

Healthcare & Medical Services Consolidation

Kinderhook Industries entered the hospice care segment while AEA Investors, Bridgepoint and Kohlberg joined other private equity firms pursuing oncology sector assets, with six major deals announced this period. Bain Capital agreed to sell Estia Health to Stonepeak roughly 18 months after acquiring the Australian aged care operator in December 2023. Frazier purchased behavioral health pharmacy firm Altruix serving patients with severe mental illness, substance use disorders, and developmental disabilities, and ACP acquired Heritage Imaging, a medical technology company led by CEO Dr. Steve Coppess.

Infrastructure, Energy & Real Estate Transactions

Digital Bridge will acquire ArcLight Capital for $1.05 billion including up to $400 million in contingent consideration, expanding its power and infrastructure portfolio as KKR sold Circor's aircraft parts group to a strategic buyer for $2.55 billion. CVC Capital Partners exited its Naturgy stake through a €4 billion placement of 13.8% at current market prices, ending an eight-year holding period. MidOcean agreed to sell Zonda to CoStar Group, with founder and CEO Jeff Meyers continuing to lead the real estate data provider.

Portfolio Company Acquisitions & Roll-ups

Littlejohn completed a continuation fund for commercial building services firm Valcourt Group with Carlyle Alp Invest serving as lead investor, while Prospect Capital sold Valley Electric to MYR Group for $328 million in a transaction expected to close July 1, 2026. Modella Capital extended its UK high-street roll-up with the acquisition of Flying Tiger Copenhagen, marking the firm's most ambitious move to build an international platform. Main Capital acquired majority stake in Belgium's Ferranti, an international software provider for utility companies, and backed Xait's purchase of Germany's SAE, which offers CPQ and variant management services.

Credit Markets & Financial Services

Apollo and Blackstone syndicated a record $36 billion debt financing for Anthropic's artificial intelligence build-out, the largest private credit deal on file, while the firms also pursued a minority stake in residential HVAC firm Apex Service Partners at a $10 billion valuation including debt. Oaktree partnered with Pantheon to scale its European direct lending platform with up to €1 billion in investment, and CVC Credit reinforced its Curium backing through a refinancing package spanning both debt and equity. JP Morgan Asset Management debuted a Managed Futures Plus ETF on Nasdaq as part of its expanding active ETF platform.

Operating Model Evolution & Market Commentary

Private equity firms are shifting focus from value creation plans to operating model discipline, with top performers distinguished by execution rigor rather than compelling investment theses. Carlyle's Ian Fujiyama pointed to attractive opportunities in ADG services citing geopolitics, security priorities and greater resilience driving growth in defense technologies including cyber capabilities and AI-enabled software. Impact-focused limited partners are using continuation vehicles to lock in mission-driven company strategies, requiring additional diligence layers according to panel discussions at PEI Group's Impact Investor Global Summit.

Geographic Expansion & Market Entry

KKR opened a Milan office to deepen Italian investment activities as part of its European localization strategy, while Omni Partners appointed Roald Hunvik as partner based in Oslo, marking the firm's first hire outside the UK. Tikehau Capital named Guillaume Arnaud as head of France, leveraging his 17 years of experience at the firm since joining in 2007, and Eurazeo entered Denmark through its Planetary Boundaries Fund acquiring T1A Group. KKR and Capital Group prepared an Asia push with a public-private credit fund extending their hybrid franchise beyond U.S. borders.

Secondary Market & Fund Restructuring

Ares Management pushed ahead with Eagle Football restructuring as Met Life weighs revised lender terms for the multi-club ownership group whose flagship asset is French Ligue 1 side Olympique Lyonnais. Legal counsel fees in LP-led fund interest transactions ranged from zero to approximately $79,000, with both buyers and sellers paying over $25,000 per transaction according to Alt Convey research. Senior executives defended secondaries mark-up practices following public skepticism from peers regarding valuation methodologies in continuation fund transactions.