Private Equity 3 Days

Last updated: July 23, 2026, 11:30 AM ET

Private Equity Activity Accelerates Across Sectors

Private equity firms have been active in a diverse range of acquisitions and investments over the past three days. Oaktree-backed GA litigation support firm Trampe Settles, expanding its financial advisory services. In the technology sector in Luxembourg-based ATOZ Services, an administration and governance provider. Coalesce Capital in cybersecurity provider Worksheet, with a follow-up report detailing the acquisition due to the proliferation of cybersecurity challenges in the age of AI.

Infrastructure and energy saw significant deal flow. Infrastructure-backed MN8 power producer Greenbacker for $375 million. Squared-backed Liberty multiple tire recycling companies, including All American Tire and Genan Inc. In the industrial sector, TJC acquired electrical power firm Sunbelt Solomon from Trilantic North America, a company with operations across the US, Canada, and Chile. Apollo is targeting up to $20 billion for private credit deployment in Mexico, focusing on nearshoring-driven infrastructure.

Advisors snapped aerial services operator Blue Sky Helicopters, while Tinicum backed specialty chemicals distributor Graco Roberts. Vesterra Capital facilities maintenance platform PHFM, establishing it as an independent provider. Bluestone backed Delphinus Engineering, appointing a new CEO in conjunction with the investment. In the aerospace sector, Kinderhook invested in American Aero, an aerospace components maker, marking its 33rd platform investment in industrials. Separately, BGF set Walker Precision Engineering to Karman Space & Defense.

Healthcare, Real Estate, and Software Deals Highlight Market Breadth

The healthcare sector witnessed several strategic transactions. Truehelm-backed Wildflower maternity and women’s pelvic health platform Every Mother, while Janus Healthcare Partners and Valera Health. PE-backed Premier cosmetic dentistry practice Brookline Smile Artists. Knox Lane health tech firm Cross Country Healthcare Inc., appointing a new CEO.

In the real estate and infrastructure space Aligned Data Centers, with Macquarie Asset Management among the sellers. Partners Group closed its fourth direct infrastructure program above $15 billion, already over 40% committed. The real estate secondaries market is also experiencing growth, with $1 billion and Townsend raising $2 billion for its real estate secondaries strategy, with an early focus on data centers. Private real estate managers are actively using secondaries, with continuation vehicles signaling a shift away from distress-driven strategies.

Software and technology deals were prominent, with Cinven acquiring software firm Salsify, which boasts over 2,000 customers. looking sell life sciences software provider Aris Global, counting pharmaceutical, biotech, and regulatory authorities among its clients. Partners selling MDT technologies, a maker of smart building automation components, to BU Bregal Unternehmerkapital. Astorg’s Judith that a mid-market focus will maximize exit choices amid a volatile macro backdrop.

Secondaries Market Surges Amidst Investor Demand

The private equity secondaries market continues its record-breaking trajectory, with fundraising and volume extending their strong run. Secondaries fundraising $50 billion in the first half of the year, marking its second-strongest six-month period in six years. soared past its target, reaching $6.4 billion for its debut fund, which launched with a $4 billion target. More than half of secondaries investors are now utilizing evergreen vehicles, indicating a broadening adoption across the buyer universe.

Investor interest in secondaries is growing, prompting funds like $1 billion, with Ohio's public school employees' pension committing $50 million. The strong growth of continuation vehicles in real estate highlights the market's evolution beyond distress-driven strategies. Volume in the secondaries market has extended its record-breaking run in the first half of the year, a remarkable feat given recent market volatility.

AI and Fintech Drive New Investments and Valuations

Artificial intelligence continues to be a major driver of investment, with a significant portion of global startup funding going towards large rounds. So far this year, 60% of global startup funding, approximately $320 billion, has been allocated to rounds of $1 billion or more. In June alone, AI labs joined the Crunchbase Unicorn Board, collectively valued at $65 billion, contributing to a total of 34 companies adding over $110 billion in value.

Falfurrias injected into work risk AI firm Factor Lab, which focuses on transforming high-risk work planning. Enlightenment Capital in govtech firm Quorum, aiming to accelerate its product roadmap and expand its agentic AI capabilities. Hg is backing UK proptech company Street Group with plans to deepen its AI capabilities, with the firm already valued at over £200 million. The AI revolution is expected to fundamentally rewrite the global financial value chain, potentially creating highly personalized products and reducing marginal operating costs.

In fintech to acquire Aegis Hedging Solutions, with Greenbelt Capital Partners and Baird Capital exiting the company. Revolut reportedly a $115 billion valuation in an employee share sale. Startups focused on AI are finding it easier to secure funding, with one report suggesting that "if you're not AI-native, you're not getting funded" in European fintech for the first half of the year. Natural, a startup aiming to reinvent payments for AI agents and challenge Stripe, raised $30 million.