Private Equity 3 Days

Last updated: June 24, 2026, 2:30 PM ET

AI Infrastructure & Tech Investments Surge

Private equity firms are significantly increasing their capital allocations towards artificial intelligence, with Abu Dhabi's MGX reportedly raising close to $50 billion for one of the largest AI-focused funds ever assembled MGX raises $50bn. This massive influx of capital is earmarked for rapid expansion in AI infrastructure and technology. Concurrently, Blackstone is preparing to invest $30 billion in Japan's AI data center infrastructure over the next three to five years, signaling a global push into this burgeoning sector. Further demonstrating the AI investment trend, Menlo Ventures has raised $3 billion across two new funds, the largest capital raise in its 50-year history, specifically to back AI startups from seed to growth stages Menlo Ventures raises $3B. This venture firm has built a strong reputation as an AI investor, notably through a $750 million investment in Anthropic in 2024 Anthropic backer Menlo Ventures.

Fundraising & Firm Strategies

The fundraising landscape shows continued activity across various strategies. Valor Equity Partners is reportedly looking to raise a $2.5 billion Fund VII, with new details emerging about its capital-raising efforts Valor Equity Partners seeks $2.5B. In the secondaries market, INVL Family Office has launched a private equity secondaries fund in partnership with Adams Street Partners, providing clients access to the global secondary market INVL launches secondaries fund. Pantheon's infrastructure secondaries funds are also surpassing targets, with its latest flagship ranking among the largest in the sector ahead of final closes Pantheon infra secondaries surpass target. Separately, Seedcamp, a European early-stage investor, has closed on $320 million across two funds to expand its U.S. footprint and back seed startups Seedcamp raises $320M. The firm now manages $1 billion in assets under management Seedcamp closes $320M.

Software & IT Services Acquisitions

The software and IT services sectors remain active targets for private equity. Apheon is set to acquire Belgian provider Easi, which offers business software and managed IT services to over 1,500 clients, in a deal that will create a significant IT services platform Apheon acquires Easi. Thoma Bravo has also made a growth investment in Padoa, a European provider of occupational health, safety, and prevention software Thoma Bravo backs Padoa. In another transaction, Light Bay Capital has backed IT managed services provider Centre Technologies, which serves more than 750 clients across Texas and Oklahoma LightBay backs Centre Technologies. Huron Capital-backed Exigent has further expanded its platform by acquiring mechanical contractor Superior Building Services, a business launched by Huron Capital in 2022 focused on HVAC, plumbing, and engineering services Huron Capital-backed Exigent snaps up contractor.

Healthcare & Life Sciences Deals

Private equity firms continue to find opportunities in the healthcare and life sciences sectors. Chicago Pacific Founders has backed health tech firm Attune, an investment aimed at accelerating the company's platform roadmap and expanding its omnichannel capabilities Chicago Pacific Founders backs Attune. In the life sciences outsourcing space, PE-backed Life Science Connect is acquiring biopharma brands Pharma Source and CDMO Live to form a comprehensive outsourcing platform Life Science Connect acquires brands. Meanwhile, Incline Equity has invested in West Physics, a provider of testing services for medical imaging equipment like MRI and CT scanners Incline Equity invests in West Physics. Brightstar Capital has acquired healthcare architecture firm Erdman, which will operate as an add-on to its existing portfolio company, KZF Design Brightstar snaps up Erdman.

Automotive & Logistics Sector Investments

The automotive and logistics sectors have seen several private equity-backed deals. One Equity-backed PGW, a North American distributor of automotive replacement glass and specialty parts, has acquired automotive glass firm Windshield Surgeons One Equity-backed PGW acquires firm. In logistics, Quad-C has invested in Armstrong Transport Group, with the executive management team set to remain in their current roles and maintain significant ownership Quad-C invests in Armstrong Transport. CVC Capital Partners is reportedly considering an exit from Philippine logistics leader Fast, with the founding family looking to regain full control after a five-year hold CVC exits Philippine logistics leader. Acorn Capital is set to sell Berry Aviation to Bristow Group for $105 million Acorn Capital sells Berry Aviation.

Public Market & IPO Activity

While the focus remains on private markets, there are indications of potential public market activity. Luxshare Precision Industry, a manufacturer known for assembling Apple's Air Pods, has begun gauging investor interest for a Hong Kong listing that could raise around $3 billion Luxshare weighs $3bn listing. Italian software acquirer Bending Spoons, which employs a private equity-style approach, is seeking to raise as much as $1.62 billion in an IPO alongside some of its backers Bending Spoons seeks $1.62bn IPO. In the venture capital space, data analytics company Apps Flyer is reportedly eyeing public markets after securing over $1 billion in a Series E funding round AppsFlyer lands $1B.

Diversified Sector Investments

Private equity firms are also active across a range of other sectors. Bain Capital is reportedly courting Dubai Holding for its European data center platform, Hscale, seeking fresh capital for expansion Bain courts Dubai Holding for Hscale. In the live events sector, which is experiencing a surge in popularity, Apollo, Hellman & Friedman, and Platinum Equity are among the firms making investments, with the global market projected to exceed $1.2 trillion by 2032 PE firms bank on live events. Platinum Equity is acquiring manufacturer Tangent Technologies, with the transaction expected to close in the third quarter of 2026 Platinum Equity to acquire Tangent. In the consumer space, L Catterton has taken a significant minority stake in clean haircare brand RŌZ L Catterton takes stake in RŌZ.

Fund Finance & Secondaries Market Evolution

The fund finance market is evolving, with panellists at a recent conference noting increased investor appetite, improved liquidity, and a proliferation of bespoke structures accelerating change Fund finance toolkit expands. In the secondaries market, investors are increasingly concerned about "zombie funds" – tail-end vehicles holding assets for extended periods due to liquidity pressures and difficulties for general partners in differentiating themselves Zombie fund problem persists. Painswick Capital, however, views single-asset continuation vehicles as a core private equity business and has built its firm around this thesis Painswick focuses on CVs. Swedish insurer LF is exploring moves into private debt secondaries, mirroring other European insurers seeking to diversify illiquid credit portfolios Swedish insurer eyes debt secondaries.

Corporate & Firm Developments

Several firms have announced leadership changes and strategic moves. TPG has appointed Axel André as Partner and Chief Financial Officer, with Jack Weingart transitioning to lead the firm's global wealth solutions business TPG taps Axel André as CFO. HIG Capital has appointed Carlos Couret as managing director, who will also head the firm's lower mid-market private equity operations in Spain HIG Capital appoints Couret. In a notable exit, TPG Capital is selling its Australian drinks and dairy producer Made Group to Danone for $1.4 billion TPG exits Made Group. Meanwhile, MBK Partners' Godiva Japan is in talks with its banking syndicate to extend the repayment deadline on its leveraged buyout debt Godiva Japan seeks loan extension.

Sector Specific PE Activity

Private equity firms are making targeted investments across various niche sectors. In the government technology sector, ACP-backed Schneider Geospatial has acquired New England Geo Systems, a provider of GIS-based Saa S solutions ACP-backed Schneider acquires firm. New Mountain has invested in engineering firm RRC Companies, appointing Dr. Hisham Mahmoud as chairman of the board New Mountain invests in RRC. In the robotics sector, startups are experiencing a surge in venture funding, with global robotics startups raising $18.8 billion in 2026 alone, surpassing previous records Robotics startups funding surges.

Market Concerns & Regulatory Landscape

Investor sentiment is being influenced by market volatility and evolving regulatory environments. Virginia's state pension system has cut its private equity target allocation for the first time in over 15 years, citing volatility concerns Virginia pension cuts PE target. Japan's tax overhaul could impact private equity succession opportunities, potentially providing a short-term boost to M&A transactions ahead of 2027 tax changes Japan tax overhaul impact. Concerns are also rising regarding the prolonged holding of assets in "zombie funds," with investors anticipating an increase in such tail-end vehicles amid ongoing liquidity pressures Zombie fund problem persists.

Deal Activity & Portfolio Add-ons

Numerous add-on acquisitions and smaller deals are shaping portfolios. Inflexion-backed Ranger Fire and Security has completed two add-on acquisitions with the purchase of Scion Communications and Emerald Fire Technology Inflexion-backed Ranger Fire makes add-ons. HIG-backed Axis CLC has acquired Fieldway Group, which specializes in fire safety and compliance services HIG-backed Axis CLC acquires Fieldway. Mangrove Equity has rolled out a new platform, Peak Pavement Group, by adding two businesses: HD Sealcoating & Paving Solutions and Maintain It All Mangrove Equity rolls out platform. Greybull Stewardship has acquired manufacturer Genesys Industries, uniting three American manufacturing brands under one platform Greybull Stewardship snaps up Genesys.