Private Equity 3 Days

Last updated: July 16, 2026, 8:30 PM ET

Dealmaking and Fund Activity

Private equity firms across various sectors, with Trive Capital selling HIP services provider Kittyhawk to Machine Sciences and Guardian selling manufacturer Precision Roll Solutions to American Roller Company. Advantage Partners plans to target Japanese firms shielded from foreign takeovers, while H.I.G. Capital launched a €1bn German residential platform called Highground. EQT’s €5bn Scaleup Fund is in talks to lead a round for Mistral, and Bridgepoint agreed to acquire a majority stake in Germany’s GBA Group from Ardian. Montagu is navigating complex carve-outs, and One Equity plans to acquire pipe fabrication and distribution firm Epic Piping from Bernhard Capital Partners. In the healthcare sector, Serent-backed Raintree acquired AI firm Spike Technologies, and Health Wave Partners picked up memory care community Alamar Senior Living. Ardian is also acquiring a majority stake in Germany’s Pflegia, a digital healthcare recruitment platform, and Inflexion is set to acquire Primed Group from Paragon Partners. One Equity Partners is also reportedly in talks to acquire pipe fabrication and distribution firm Epic Piping.

Sector Focus: AI, Tech, and Healthcare

The artificial intelligence sector for private equity, with Blackstone, Hellman & Friedman, and Anthropic launching AI services provider Ode with Anthropic, backed by Apollo Global Management, Goldman Sachs, and others with AI specialists. EQT-backed Syntetica raised $30m with backing from Lululemon, and OpenAI researcher Miles Wang is in talks to launch an AI drug discovery startup valued at $2 billion. Verdane acquired stakes in four Trifork Labs technology businesses, including cybersecurity company XCI and digital health business Dawn Health, and also bought a portfolio of technology stakes from bp. In fintech, venture funding in H1 2026, while cybersecurity startups in Q2. In the broader tech services space, Gemspring-backed Amplix acquired tech sourcing firm One Connect, and Caltius invested in tech services firm Saa S Consulting Group. Healthcare continues to see significant activity, with Archi Med taking biopharma firm Esperion Therapeutics private for $1.1 billion and Warburg Pincus-led group a controlling stake in pharmacy Pantherx Rare.

Investor Strategies and Market Trends

Germany's KENFO plans to raise its allocation to private markets to 30% but trim private equity exposure. Partners Group warned that evergreen outflows could hit $20 billion, with private equity accounting for two-thirds of its underperforming assets. The California Public Employees' Retirement System (CalPERS) posted a 14.8% net investment return, with private equity as a standout contributor. Secondaries are emerging as a sophisticated capital formation tool, with rising confidence fueling real estate secondaries dealflow and investors using them to unlock liquidity and reposition platforms for growth as secondaries become a sophisticated capital formation tool. M&G is building infra secondaries exposure and targeting continuation vehicles, while Asante is building an APAC secondaries business. Serent-backed Raintree acquired AI firm Spike Technologies, and Ardian arranged unitranche financing for Astorg's buyout of Barkene. KKR is marketing Europe's first debt deal backed by PayPal buy now, pay later loans, and Apollo is in talks over a $3 billion Yankees financing package.

Fundraising and Talent

Founders Fund has hired former OpenAI exec Ryan Beiermeister as a partner. Greylock capped its new fund at $1.5 billion to focus on fewer, more impactful investments. EQT is working on a €526 million continuation fund led by Harbour Vest. In talent acquisition, Banyan promoted Simon Gélinas to managing director and investments head, and Vance Street appointed Jason Burmer as managing director and business development head. Gen Nx360 tapped Adam Feuer as operating partner. High Vista has tapped Ramit Malhotra as principal for its GP-led secondaries team.

Geographic Focus: Asia and Europe

Asia's startup funding in Q2, driven by China, with investors pouring $42.8 billion into funding rounds. In Europe, rounds are but fewer companies are closing them, and there's a growing recognition of Europe as a strong market for AI and tech innovation see significant deal activity. Munich robotics startup Microagi raised $55 million, marking Germany's largest-ever seed round. In France, Ardian is in talks for a healthcare recruitment platform, and Stone Point, Further Global, and Permira-backed Kroll acquired ABC Economics. In the UK, Inflexion signed a deal for single-use medical consumables biz Primed Group.