Private Equity 3 Days

Last updated: July 24, 2026, 11:30 AM ET

Fundraising Activity and Large Commitments

Harbour Vest closed its seventh co-investment program at $4.75 billion, surpassing its fundraising target closed its seventh co-investment program. Partners Group secured over $15 billion for its fourth direct infrastructure program, exceeding its predecessor by more than 50% and is already over 40% committed closed fourth direct infrastructure programme. Blackstone is targeting up to $20 billion for private credit deployment in Mexico, aiming to capitalize on the country's nearshoring-driven infrastructure development targets up to $20bn. In the secondaries market, Step Stone's VC secondaries fund surpassed $1 billion, with Ohio's public school employees' pension committing $50 million to the fund. Townsend raised $2 billion for its real estate secondaries strategy, having already deployed $1 billion across its latest fund and related vehicles, with an initial focus on data centers. Blackstone's Strategic Partners Fund X is actively fundraising, seeking $22.5 billion, making it the second-largest active secondaries fundraise by target.

Sector-Specific Investments and Acquisitions

Private equity firms are actively investing across various sectors. In sports, Harbinger has taken a minority ownership stake in MLB's Athletics as part of the club's equity financing for a new ballpark in Las Vegas. Providence Equity invested in SCG, a UK communications and IT provider serving approximately 35,000 small and medium-sized businesses. Bain Capital agreed to acquire UK vitamin company Vitabiotics for international expansion, aiming to leverage its global presence across over 70 countries. Nazca Capital acquired Madrid Artes Digitales, an operator of immersive cultural experiences. Investindustrial is investing in PA Aromatics, an Italian developer and manufacturer of flavors and fragrances for various industries.

Technology and AI Focus

The technology sector, particularly artificial intelligence, continues to attract significant private equity interest. General Catalyst has overtaken Y Combinator in backing fintech deals exceeding $5 million in the second quarter. Coalesce Capital invested in cybersecurity provider Worksheet, with founder Stephanie Gebele noting the company's position at the intersection of cybersecurity spending and regulatory compliance. Hg is backing UK proptech company Street Group, planning to enhance its AI capabilities and providing vertical software and AI tools for estate and letting agents. Dimension Capital's third fund, at $800 million, highlights the booming intersection of science and compute, with its latest vehicle being 60% larger than its previous one. Amidst the AI boom, 10 frontier AI labs joined the Crunchbase Unicorn Board in June, collectively valued at $65 billion.

Healthcare and Life Sciences Transactions

The healthcare and veterinary care sectors are seeing robust deal activity. Private equity firms are making a notable push into veterinary care, with Warburg Pincus, Great Point Partners, Axcel, and Bansk Group among those transacting in the space. New Spring-backed Vybe Urgent Care acquired two Liberty Urgent Care centers in the greater Philadelphia market. Truehelm-backed Wildflower Health acquired Every Mother, a platform focused on maternity and women's pelvic health. Equality Asset-backed Mindoula acquired Janus Healthcare Partners and Valera Health, with Mindoula focusing on serving healthcare organizations for difficult-to-engage individuals and families. Nordic Capital plans to sell life sciences software provider Aris Global, which serves pharmaceutical, biotech companies, and regulatory authorities to sell.

Energy and Infrastructure Deals

Significant transactions are occurring in the energy and infrastructure sectors. Blackstone is set to sell battery storage developer Aypa Power to Brookfield for $7 billion, including Aypa's operating, under-construction, and contracted project portfolio to sell. Ridgewood Infrastructure-backed MN8 will acquire power producer Greenbacker for $375 million, with MN8 developing, owning, and operating energy assets. TJC is acquiring electrical power firm Sunbelt Solomon from Trilantic North America, with Sunbelt Solomon operating 42 locations across the US, Canada, and Chile.

Financial Services and Advisory Firms

Financial services and advisory firms are also targets for private equity investment. Goldman Sachs Alternatives is acquiring fintech firm Aegis Hedging Solutions, with Greenbelt Capital Partners and Baird Capital exiting Aegis as part of the transaction. Tocqueville Asset Management secured growth capital from Leon Financial Network to generate long-term enterprise value. Tayeh Capital is investing in C-suite advisory firm Council Advisors, which has over 160 professionals across three practice groups. Bregal Sagemount will take a majority stake in Luxembourg's ATOZ Services, an administration and governance provider for over 800 private equity, private credit, and real estate clients.

Real Estate and Construction Investments

The real estate and construction sectors are experiencing notable private equity activity. Vesterra Capital acquired facilities maintenance platform PHFM, establishing it as an independent provider of interior and exterior facilities maintenance services. Bowmark Capital will become a shareholder in building standard SFG20, whose software platform assists facilities managers and building owners with asset safety and efficiency. Crest Rock invested in civil contracting firm Andrew Site Work, which performs retrofit, installation, and emergency repair activities for local governments. Madison River is investing in construction firm Pro-Max to support its geographic expansion and service capabilities.

Other Notable Transactions

Sky Knight is investing in infusion services provider Apex Infusion, with FFL Partners remaining a minority investor to invest. Matador Resources Company is acquiring EnCap-backed Paloma Permian for nearly $1.3 billion, along with acreage in West Texas and Southeast New Mexico. Fundamental Advisors acquired aerial services operator Blue Sky Helicopters, which serves utility, government, and public safety customers in the Western US snaps up. Tinicum is backing specialty chemicals distributor GracoRoberts. IK Partners is selling MDT technologies to BU Bregal Unternehmerkapital, with MDT specializing in smart building automation components to sell. Cinven is acquiring software firm Salsify, which has a network of over 2,000 customers. Bluestone is backing Delphinus Engineering, with Roby Lentz stepping in as CEO. I Squared-backed Liberty Tire Recycling is acquiring All American Tire, Tire Recycling, and Genan Inc. Falfurrias is injecting capital into work risk AI firm Factor Lab, which focuses on transforming high-risk work planning and delivery.