Private Equity 3 Days

Last updated: June 18, 2026, 11:30 AM ET

Private Equity Fundraising & Fund Activity

Clearlake Capital closed its eighth flagship fund at $14.8bn, a move that highlights how investors are gravitating toward established managers during a period of market volatility. The firm’s new $14.8bn pool places significant emphasis on AI, mirroring a wider industry trend where capital is being funneled into technology-adjacent assets. Meanwhile, Charterhouse surpassed its €1.5bn target for its latest flagship fund, with the firm expected to reach a final close for Charterhouse Capital Partners XII after the summer, continuing its long-standing presence in the European market as noted in recent industry updates.

Large-Cap Deals & Take-Privates

Blackstone led a consortium to take control of customer-experience software group Medallia from Thoma Bravo, a transaction that sees the latter absorb a $5bn loss on the asset. In the financial services sector, Advent-backed Nuvei acquired Payoneer for $2.75bn in an all-cash take-private deal, while Altaris agreed to acquire health tech firm Simulations Plus for $375M, or $18.50 per share. The appetite for public-to-private transactions remains acute, as evidenced by banks competing for £5bn in financing to support EQT’s potential take-private of British product-testing group Intertek. Furthermore, Arcline is taking AstroNova private for $29 per share in a deal valued at approximately $272M.

Infrastructure & Secondaries Market

GIC is nearing a $2bn sale of private credit assets, tapping into a booming secondaries market that continues to see record levels of interest. Allianz Global Investors is focusing heavily on infrastructure secondaries, identifying a wealth of attractive opportunities as the market grows, a sentiment echoed by the Japan Science and Technology Agency as it begins to allocate capital into the space. To further consolidate its footprint, Flexstone agreed to acquire secondaries firm Glouston, a move that will see the combined platform manage over $15bn in assets to accelerate secondaries growth.

Corporate Strategy & Private Equity Pivots

Jardine Matheson is recasting itself as an active investor by initiating a $500M buyback and shedding assets, effectively adopting a model similar to a private equity fund. This shift toward private equity-style operations is occurring alongside Abry Partners closing a $780M continuation fund for Centauri Health Solutions, a move supported by Apollo and Neuberger that allows the firm to retain a high-performing healthcare asset. Similarly, Morgan Stanley exited Brazos Delaware II for $1.6bn, achieving an 8x EBITDA multiple based on 2027 projections, while KKR committed an additional $1.4bn to aircraft leasing deals with Altavair, building on its $8bn partnership established in 2018 to bolster its aviation portfolio.

Energy, Tech & Industrial Acquisitions

Long Range Capital bought Pizza Hut from Yum! Brands for a reported $1.2bn, excluding the chain’s China operations, marking a significant entry into the restaurant space as the firm looks to turn around the troubled brand. In the industrial tech sector, New Mountain invested in Commonwealth Associates to capitalize on the surge in power infrastructure demand, and KPS Capital invested in Jennmar, an infrastructure products provider. Meanwhile, I Squared Capital is teaming up with the US International Development Finance Corporation to launch a $3bn Indo-Pacific energy platform, and CPP Investments committed $715M to scale the Ctrl S data center platform in India.

Healthcare & Specialized Services

CVC Catalyst acquired a majority stake in prosthetics manufacturer Willow Wood from Blue Sea, a deal that underlines the private equity interest in medical device innovation. In the dental sector, Alantra Private Equity added two laboratories to its AIVORIQ platform in Spain, which currently generates nearly €40M in annual revenue. Avista-backed EBI acquired Xstim, a bone healing unit, while Audax-backed Belmont Medical Technologies expanded its portfolio by picking up Arcos Inc, a move designed to enhance its patient-management capabilities.

Venture Capital & Early-Stage Dynamics

Three former Palantir engineers raised $60M from Index, Iconiq, and SAP for an agentic operating system, signaling continued investor appetite for infrastructure-level software. Flagright raised $12.5M to fuel US expansion, while Chronograph secured over $140M in funding from Sixth Street Growth to support its fintech operations. However, the venture landscape is shifting, as PayPal Ventures shutters its operations after a decade of investing, and leaders like Vikram Taneja of AT&T Ventures emphasize that the rise of AI has fundamentally altered the requirements for seed-stage defensibility.

Strategic Management & Professional Development

ICG's Louis Dawant emphasizes that private equity firms must prioritize inclusion to build resilient businesses, noting that capital allocation serves as a lever for shaping leadership and talent. As fundraising timelines lengthen, fund managers are adopting new tactics to maintain investor relationships, including increased transparency and rigorous reporting. Meanwhile, Gen Nx360 Capital promoted Pratik Rajeevan to partner, reflecting the firm's internal commitment to backing professionals with deep transaction experience, including over 40 platform and add-on investments.