Private Equity 3 Days

Last updated: June 18, 2026, 2:30 PM ET

Fundraising & Strategy

Private equity firms continue to navigate a challenging landscape as they seek to deploy record amounts of dry powder. Clearlake Capital closed its eighth flagship fund at $14.8bn, a significant haul that highlights how large, established managers remain the primary beneficiaries of capital allocations during periods of market stress. As fundraising timelines extend, managers are employing five specific strategies to keep LPs engaged, including increased transparency and more frequent reporting, while Charterhouse Capital Partners surpassed its €1.5bn target for its latest flagship, eyeing a final close later this summer. Meanwhile, Jardine Matheson is recasting itself as an active investor, following a $500M buyback and asset sales, mirroring the shift toward a more agile, private equity-style model for historical conglomerates.

Take-Privates & M&A

Public-to-private activity remains a focal point for large sponsors looking to capture value in tech and specialized services. Altaris will acquire Simulations Plus for $375M, or $18.50 per share, while Arcline is taking AstroNova private at a valuation of approximately $272M. In a move reflecting the shifting valuation of digital customer-experience software, a Blackstone-led consortium has taken control of Medallia, effectively absorbing the business as Thoma Bravo registers a $5bn loss on the asset. Furthermore, EQT has drawn £5bn in financing proposals from banks to support its potential take-private of the British product-testing group Intertek, as competition for large-scale debt packages intensifies.

Infrastructure & Secondaries

The infrastructure secondaries market is evolving from a niche strategy into a primary focus for global institutional investors. GIC is finalizing a $2bn sale of private credit assets to tap into the booming secondaries market, while Allianz Global Investors is identifying new opportunities in the sub-asset class, which has grown significantly in recent years. To bolster its footprint, Flexstone agreed to acquire Glouston Capital Partners, a deal that combines platforms managing over $15bn in assets to accelerate secondaries growth. At the pension fund level, CalPERS has appointed a new head of alternatives to implement a more sophisticated, cross-asset approach to its secondaries and infrastructure programs, while the Japan Science and Technology Agency has begun investing directly into infra secondaries to diversify its endowment portfolio.

Tech & Industrial Growth

Industrial and technical services remain targets for consolidation as firms push to scale operations. JFLCO-backed FSG acquired Custom Alloy Corporation, a provider of high-specification forgings for aerospace and defense, while TPG agreed to acquire Waste Eliminator and Liberty Waste Solutions from Allied Industrial Partners. In the software space, Omni Partners-backed Infoshare picked up DEF Software, a firm serving more than 60 councils, and Francisco Partners acquired EfficientIP to expand its cybersecurity and IP management portfolio. On the talent front, Arsenal Capital appointed Max Schechter to lead its industrial growth business development, a move designed to deepen the firm’s network across the industrial ecosystem.

Healthcare & Life Sciences

Consolidation in the healthcare and medical technology sectors is accelerating as firms target specialized service providers. CVC Catalyst agreed to acquire a majority stake in Willow Wood, a manufacturer of prosthetic limbs, and Alantra Private Equity added two dental laboratories to its AIVORIQ platform in Spain, which generates roughly €40M in annual revenue. Avista-backed EBI acquired the Xstim bone healing unit, while DFW-backed Singlepoint Healthcare purchased infusion services provider Healix to bolster its inflammatory disease care portfolio. Additionally, Audax-backed Belmont Medical Technologies acquired Arcos Inc to enhance its fluid-resuscitation and patient-management offerings.

AI & Emerging Technology

The venture and growth equity sectors are recalibrating their approach to AI, shifting focus from application-layer products to deep infrastructure. SpaceX acquired AI coding tool Cursor in a deal valued at $60B, signaling a major move into enterprise software development, while General Atlantic is in talks to lead a $2bn round for China’s Kling AI. Financing for infrastructure-heavy ventures remains competitive, as seen with Flagright raising $12.5m for US expansion and Comand AI securing €32m for battlefield software. Despite the high valuations, investors like Chi-Hua Chien argue the real winners will be those solving fundamental technical problems rather than merely selling AI, a sentiment echoed by AT&T Ventures, which is redefining seed-stage defensibility in an era where software barriers have plummeted.

Debt & Credit Markets

Private credit is seeing increased activity as managers look to leverage assets and support portfolio companies. Blackstone has launched Sable Pointe Credit Strategies to expand its asset-based lending origination, and Ancestry is weighing a $2.25bn loan to refinance its existing debt. Meanwhile, KKR has committed an additional $1.4bn to aircraft leasing and lending through its partnership with Altavair, continuing a long-term strategy that has seen over $8bn deployed since 2018.

Real Estate & Retail

Retail and consumer brands continue to change