Private Equity 3 Days

Last updated: June 12, 2026, 2:33 AM ET

Fundraising & Capital Formation

Partners Group secured more than $650 million at first close for its fifth real estate secondaries programme, putting it on track toward a $1.5 billion target as institutional investors seek alternative routes to private real estate exposure. Meanwhile, Ares Management pulled in $12.7 billion for its Pathfinder III closed-end fund, closing at an $8.5 billion hard cap to deploy into asset-based finance strategies. Pictet Alternative Advisors closed its sixth co-investment fund at $1.53 billion, marking the largest vehicle in the series and surpassing its fundraising target. In North America, Base10 Partners closed two funds totaling $850 million to invest in real economy automation across logistics, payroll, construction and manufacturing sectors, signaling continued appetite for industrial technology plays.

Deal Activity & Portfolio Actions

Sentinel completed the sale of electrical products maker NSI Industries to Hubbell Incorporated for $3 billion, representing one of the larger exits in the industrial sector this quarter. Blackstone agreed to sell the information and communications technology arm of Singapore-based Interplex to Taiwan's Bizlink Holding for $850 million, marking a significant monetization in the components space. Arlington announced plans to sell medical device firm Riverpoint Medical for $1.2 billion in a transaction expected to close in the third quarter. European activity included Nordic Capital's acquisition of water infrastructure specialist Flowa from Swedish industrial group Vestum, and Permira's first Energy Transition investment taking a stake in CDP, the world's largest environmental disclosure system.

Personnel Moves & Leadership Changes

CalPERS elevated Anton Orlich to oversee its private markets portfolio, tasking the architect of the pension giant's private equity turnaround with additional responsibility for private credit, real estate, infrastructure and other alternative programmes. EQT appointed Gustav Segerberg as Chief Financial Officer, transitioning the finance brief at one of Europe's largest listed private markets firms to a long-serving insider as former CFO Henrik Henriksson steps down. Verix hired Graham Kantor as principal based in Delray Beach, Florida, adding to the firm's investment team. EQT's newly appointed APAC co-heads Hari Gopalakrishnan and Nicholas Macksey emphasized expansion plans in Asia, citing opportunities across early-stage ventures and growth investments.

Market Structure & Legal Developments

The U.S. Supreme Court delivered a significant victory for asset managers by ruling that private investors cannot use federal securities law to challenge fund bylaws in court, potentially limiting activist litigation against institutional investment vehicles. Continuation vehicles face growing skepticism from limited partners regarding return potential, though interest among general partners remains heated as they seek to extend aging portfolio company holds. Secondaries investors are watching the Next Gen Leaders list 2026 for signals on market direction, particularly as CV performance continues to outpace traditional buyout funds according to Evercore research.

Technology & AI Investments

Samsung backed industrial robotics startup Theker in an €85 million round, joining a wave of corporate venture capital flowing into automation technologies. Air Street Capital invested in French defence technology firm Alta Ares with