Private Equity 3 Days

Last updated: June 20, 2026, 5:30 AM ET

Infrastructure & Industrial Consolidation

Private equity firms are aggressively targeting critical infrastructure assets, driven by the dual tailwinds of energy transition and digital expansion. CPP Investments committed $715m to a partnership with India’s Ctrl S Datacenters, aiming to capitalize on the region’s surging demand for high-capacity digital infrastructure. Simultaneously, I Squared Capital partnered with the U.S. International Development Finance Corporation to launch a $3bn platform focused on energy projects across South and Southeast Asia. These moves are echoed in the industrial sector, where New Mountain Capital invested in Commonwealth Associates to support power engineering growth, while KPS Capital acquired infrastructure products provider Jennmar, with Falcon Point Partners retaining a minority stake.

Take-Privates & Corporate Carveouts

Public-to-private transactions remain a primary avenue for deployment as firms leverage heavy dry powder to acquire undervalued assets. EQT secured backing from the Abu Dhabi Investment Authority and Mubadala for its £10.9bn acquisition of testing group Intertek, a move that underscores the firm's ambition to dominate high-growth testing markets. In the healthcare space, Altaris agreed to acquire Simulations Plus in a $375m take-private deal, offering stockholders $18.50 per share. Meanwhile, Arcline Investment Management finalized a $272m agreement to take tech company Astro Nova private at $29 per share, continuing a trend of selective consolidation in the enterprise technology sector.

Strategic Debt & Credit Platforms

The private credit market is witnessing rapid evolution as managers pivot toward asset-based lending and complex refinancings. Blackstone launched Sable Pointe to scale its asset-based lending originations, viewing it as a high-growth frontier within the broader private credit ecosystem. In the European market, Apollo is in talks to provide a $574m debt package to refinance Eolo, a fibre operator backed by Partners Group. This shift toward private debt is also visible in large-scale asset management, as GIC prepares to sell up to $2bn of private credit assets to capitalize on the robust, if shifting, secondary market for private debt instruments.

Portfolio Growth & Sector Expansion

Private equity firms are actively reshaping their portfolios through targeted add-ons and sector-specific bets. EQT made its first space investment by acquiring Exolaunch, a mission management specialist that provides satellite deployment technology for commercial operators. In the sports and leisure sector, MSP Sports Capital acquired a majority stake in the New Zealand Sail GP Team, while BGF invested in adventure travel business Wild Frontiers. Furthermore, Riverside Company backed infrastructure tech firm Asset Intel, and Omni Partners-backed Infoshare acquired DEF Software to strengthen its footprint in the UK local authority market.

Healthcare & Specialized Services

The healthcare and specialized services verticals are experiencing a wave of bolt-on activity designed to build scale in fragmented markets. Audax-backed Belmont Medical Technologies acquired the bone healing unit Xstim from Precision Medical Products, while DFW-backed Singlepoint Healthcare purchased infusion services provider Healix to expand its inflammatory disease care network. In the prosthetics industry, CVC Catalyst acquired a majority of Willow Wood from Blue Sea Capital, signaling a focus on durable, mid-market healthcare manufacturing. Similarly, Trinity Hunt-backed Allvia acquired Smith Communication Partners to bolster its workforce services platform.

Technology & AI Infrastructure

Investors are increasingly discerning about where value accrues in the artificial intelligence stack, moving beyond simple application-layer bets. Montagu is carving out the BMC Helix AI Service Ops platform from BMC Software, while Clearlake-backed Quest Software acquired cybersecurity firm Anetac to enhance its data management capabilities. Despite a slower week for large deals, venture activity continues; Flagright raised $12.5m to fuel U.S. expansion, and three ex-Palantir engineers secured $60m from Index Ventures and others to build an agentic operating system. Meanwhile, General Atlantic is in talks to lead a $2bn-plus financing round for Chinese video generation startup Kling AI.

Market Trends & Firm Operations

The broader private equity landscape is grappling with increased scrutiny over benchmarking and cultural governance. Institutional investors are demanding more sophisticated ways to evaluate portfolio performance, while Clearlake Capital completed a $14.8bn raise and Charterhouse Capital Partners surpassed its €1.5bn target for its twelfth flagship fund. Not all news is positive, however; PayPal Ventures is shuttering after a decade of operations, and Cleo employees have surfaced allegations of a toxic workplace culture. As fundraising timelines stretch, GPs are seeking new ways to maintain investor alignment, emphasizing the importance of inclusion in building resilient investment teams as noted by ICG’s Louis Dawant.