Private Equity 3 Days

Last updated: June 18, 2026, 8:30 AM ET

Mega-Fund & Fundraising Activity

Large-cap managers continue to dominate the fundraising landscape, with Clearlake Capital closing its eighth flagship fund at $14.8bn, a result that highlights investor appetite for established players amidst a challenging macroeconomic climate. The firm’s latest vehicle, which focused heavily on AI-driven strategies, reflects a broader shift toward deploying capital into technology-heavy sectors. Meanwhile, Charterhouse Capital Partners has surpassed its €1.5bn target for its twelfth flagship fund, signaling strong support for European mid-market strategies as the firm eyes a final close later this year.

Infrastructure & Secondaries Markets

The infrastructure secondaries space is experiencing a surge in activity as institutional investors look to optimize their portfolios. Singapore’s GIC is finalizing the sale of $2bn in private credit assets to tap into this growing liquidity, while the Japan Science and Technology Agency has begun investing in the asset class to bolster its diversified holdings. This momentum is further echoed by Flexstone’s acquisition of Glouston Capital Partners, a move designed to accelerate the firm’s growth in the US secondaries market, creating a combined platform managing over $15bn in assets.

Healthcare & Life Sciences Dealmaking

Healthcare remains a focal point for sponsors navigating regulatory and reimbursement changes, evidenced by Altaris’s $375m take-private acquisition of Simulations Plus. In the medical technology sub-sector, CVC Catalyst has agreed to acquire a majority stake in prosthetics manufacturer Willow Wood to expand its mid-market footprint. Consolidation is also accelerating in services, where Audax-backed Belmont Medical Technologies acquired Arcos Inc. and Singlepoint Healthcare snapped up infusion services provider Healix, underscoring the drive for scale in specialized medical care. Furthermore, H.I.G. Capital completed the $1.8bn sale of Celerion to THL Partners, marking a significant exit in the clinical pharmacology space.

Tech & AI Infrastructure

Private equity’s engagement with artificial intelligence is moving beyond software, focusing instead on the underlying infrastructure of the digital economy. CPP Investments committed $715m to scale the Ctrl S data center platform in India, while EQT is moving to acquire satellite deployment firm Exolaunch to tap into the growing space-tech ecosystem. In the software realm, Francisco Partners acquired EfficientIP, and Montagu is carving out the agentic AI platform BMC Helix from BMC Software. Meanwhile, Blackstone, Apollo, and KKR have taken control of Medallia in a deal where Thoma Bravo reportedly absorbed a $5bn loss, highlighting the valuation pressures currently facing some legacy software assets.

Industrial & Consumer Services

Strategic consolidation is sweeping through industrial and consumer-facing sectors as firms seek to secure market share. LongRange Capital has agreed to acquire Pizza Hut for $1.5bn, taking on one of the world’s most recognizable restaurant brands while excluding the chain’s China operations. In the industrial space, KPS Capital has invested in Jennmar, a provider of infrastructure products, and TPG is acquiring Waste Eliminator and Liberty Waste Solutions from Allied Industrial Partners. Additionally, Investindustrial-backed PiovanGroup is set to acquire Aasted, a specialist in confectionery process equipment, as part of a wider effort to professionalize supply chains.

Venture Capital & Corporate Restructuring

The venture landscape is undergoing a period of intense recalibration, characterized by the shuttering of PayPal Ventures after a decade of operations and 80 investments. Despite these headwinds, capital continues to flow into specialized sectors; SpaceX has acquired the AI coding tool Cursor for $60bn, marking one of the year’s largest M&A transactions. In China, General Atlantic is in early talks to lead a $2bn-plus round for Kling AI, while in Europe, French battlefield software startup Comand AI raised €32m from Blossom Capital and Saab, pointing to the rising importance of defense-tech investment.

Corporate Governance & Institutional Strategy

Active management and shareholder engagement are driving changes in public markets, as seen by Elliott Investment Management taking a 5% stake in Bunzl and pushing for structural reviews and buybacks. At the conglomerate level, Jardine Matheson is pivoting toward a private equity model through $500m in buybacks and asset sales to unlock shareholder value. These shifts are mirrored by a focus on leadership and diversity, with ICG’s Louis Dawant emphasizing that inclusive investment and talent signaling are essential to building resilient, high-performing businesses in an increasingly complex global market.