Private Equity 3 Days

Last updated: June 13, 2026, 8:31 PM ET

Large Rounds & Fundraising

Private equity firms continued deploying capital across mega-rounds this week, with enterprise software company Ninja One securing $400M as the largest U.S. financing, while blockchain technology provider Digital Asset also landed substantial backing among the week's ten biggest funding rounds. On the fundraising front, Carlyle Group officially launched its ninth flagship buyout fund targeting approximately $15 billion, aiming to match the $14.8 billion predecessor vehicle. Meanwhile, Base10 Partners closed two funds totaling $850M focused on real economy automation across logistics, payroll, and construction sectors, and Partners Group reached a $650M first close toward its $1.5 billion real estate secondaries programme.

Strategic Acquisitions

Deal activity spanned healthcare, technology, and industrial sectors as SK Capital-backed Spectrum Vascular acquired medical device firm Piccolo Medical to expand its vascular access and medication management portfolio. In Europe, KKR invested in accounting firm Crowe's advisory business, becoming the company's first institutional capital partner, while Nordic Capital purchased water infrastructure specialist Flowa from Swedish industrial group Vestum. Permira took a stake in CDP, the world's largest environmental disclosure system, marking its maiden investment from the Energy Transition strategy. Consumer-focused L Catterton led a Series A round in Remedy Science, a dermatologist-developed skincare brand, and Stonepeak partnered with Energy Equation Partners to acquire Poland's largest independent fuel marketer Anwim and its MOYA station network.

Market Sentiment & Challenges

European tech conferences reflected growing pessimism as industry participants openly discussed challenges facing the sector, with Mistral reportedly targeting a €20 billion valuation amid questions about whether such lofty ambitions align with current market realities. The legaltech space attracted venture attention with ten emerging companies identified as potential opportunities, though secondaries investors slashed software exposure targets to 15-20% Saa S allocation compared to previous levels of up to 40%. Continuation vehicles generated mixed LP reactions as skepticism around return potential contrasted with heating interest from general partners seeking to extend portfolio company holds.

Personnel Moves & Leadership

CalPERS promoted Anton Orlich to deputy chief investment officer for private markets following strong private equity returns that positioned the $400 billion public pension fund among the industry's top performers. Great Hill Capital appointed Lauren Reddy as head of people after her tenure as chief talent officer at L.E.K. Consulting leading the Americas people function. Former Lightspeed investor Paul Murphy departed the firm though plans to maintain personal investment activity, while the Newton Venture Program weighed in on Europe's zombie funds phenomenon affecting early-stage portfolios.

Healthcare & Specialized Services

Pediatric speech therapy assets drove private equity interest with General Atlantic, Aquitaine Capital, Avesi Partners and PPC Enterprises completing five separate transactions in the space. Healthcare Holding Schweiz acquired Compet Medical, expanding its harm reduction and prevention product distribution to professional organizations and public institutions. Allied Industrial-backed Liberty Waste Solutions purchased Bill's Trash Services to strengthen integrated waste and recycling offerings in North Carolina, while Falfurrias-backed Woven Solutions acquired cybersecurity developer Insignis to enhance AI-enabled mission software capabilities for national security clients.

Technology & Innovation

Odyssey-backed Levata snapped up Posdata Group to expand technology solutions delivery across North America and Europe, including data capture and lifecycle services. Neura CEO emphasized that Europe's largest robotics funding round represents commercial reality rather than science fiction, as Samsung backed industrial robotics startup Theker in an €85 million round. Lead Edge Capital invested in Advancing Analytics, a European data and AI Databricks consultancy helping organizations navigate complex implementation challenges.

Credit & Alternative Structures

BlackRock capped redemptions on its $13 billion private credit fund for a second consecutive quarter amid continued retail investor outflows, while Clearlake added 31 CLOs and $5 billion AUM through an LCM deal expanding its credit business platform. Supreme Court ruled in favor of BlackRock funds against activist litigation, determining private investors cannot use federal securities law to challenge fund bylaws in court. TPG and CAA committed $250 million to back online creators through a new fund partnership targeting next-generation media moguls.

Real Assets & Infrastructure

Warburg Pincus nears acquisition of Japanese housing group JSB, the Kyoto-based company, according to Bloomberg sources, while Motive Partners invested in UK pension platform Mobius serving institutional and wealth clients across defined benefit and contribution structures. FSN Capital listed InstallatørGruppen at a $695 million market capitalization after the multidisciplinary technical installation services provider was established in 2023. Rox Capital scooped up Interstate Threaded Products, serving critical industrial end markets across North America, and Halle Capital-backed Pass Co acquired three security businesses including Southeastern Overhead Door and Communication Concepts.

Sector Rotation & Portfolio Adjustments

Industrial-focused Avesi Partners and other private equity firms pursued pediatric speech therapy assets amid high revenues and long-term growth prospects, while Audax, Harvest, MSouth, Olympus and Snowdon prepared HVAC and garage door service providers for market testing. EQT gained additional time to firm up its £9.4 billion Intertek take-private bid, and Mutares agreed to sell NEM Energy to Hyundai Heavy Industries Power Systems, with the heat transfer technology specialist serving power generation, oil and gas, and energy transition markets. Great Hill Capital appointed Lauren Reddy from L.E.K. Consulting to lead people operations.