Private Equity 3 Days

Last updated: July 25, 2026, 8:30 AM ET

Private Equity Continues Active Dealmaking Across Sectors

Private equity firms have been actively deploying capital across a diverse range of sectors, from health tech to AI and sports. Longshore has invested in health tech firm Prochant to fuel its growth phase, while Sky Knight is set to invest in infusion services provider Apex Infusion, with FFL Partners remaining a minority investor. In the UK, Providence Equity has invested in SCG, a communications and IT provider serving approximately 35,000 small and medium-sized businesses. Bain Capital is set to acquire UK vitamin company Vitabiotics for international expansion, with its brands sold in over 70 countries. Nazca Capital has acquired Madrid Artes Digitales, an operator of immersive cultural experiences, and Camden’s Triumph has acquired the Culinary Institute of Barcelona. In the veterinary care space, Warburg Pincus, Great Point Partners, Axcel, and Bansk Group are among the firms making multiple deals PE taps.

AI and Tech Drive Significant Investment and Acquisitions

Artificial intelligence and technology continue to be major investment themes, with significant funding rounds and acquisitions noted. Atoms, a physical AI startup, led a varied week for large deals, with startup investors pouring capital into AI infrastructure and cybersecurity. General Catalyst has overtaken Y Combinator in backing fintech deals of $5 million or more in the second quarter. In cybersecurity, Coalesce Capital has acquired Worksheet (also referred to as Workstreet) amidst proliferating cybersecurity challenges in the age of AI. Goldman Sachs Alternatives is set to acquire fintech firm Aegis Hedging Solutions, with Greenbelt Capital Partners and Baird Capital exiting. In the edtech space, Imagi announced a $4.5 million seed round to help teach students coding. Meanwhile, Sifted has acquired Onstage to expand its founder events business.

Infrastructure, Energy, and Real Assets See Major Transactions

Infrastructure, energy, and real asset investments are also prominent, with large-scale transactions and fundraisings. Blackstone is set to sell battery storage developer Aypa Power to Brookfield in a $7 billion deal, encompassing operating, under-construction, and contracted projects. Ridgewood Infrastructure-backed MN8 is acquiring power producer Greenbacker for $375 million. Partners Group has closed its fourth direct infrastructure program above $15 billion, its largest to date Partners Group closes. Apollo is targeting up to $20 billion of private credit deployment in Mexico, focusing on nearshoring-driven infrastructure Apollo targets. TJC is acquiring electrical power firm Sunbelt Solomon from Trilantic North America, with Sunbelt Solomon operating 42 locations across three countries.

Fundraising and Strategic Investments Shape the Market

Fundraising efforts and strategic investments are ongoing, with several firms announcing significant capital raises and new partnerships. Harbour Vest has closed its seventh co-investment program at $4.75 billion, exceeding its target Harbour Vest closes. Blackstone is aiming for up to $22.5 billion for its latest secondaries fund, Strategic Partners Fund X. Step Stone’s VC secondaries fund has surpassed $1 billion, with Ohio's public school employees' pension committing $50 million. In other strategic moves, Astorg is looking to maximize exit choices in the mid-market. Epiris has appointed Owen Wilson as managing partner, succeeding Bill Priestley.

Sector-Specific Deals and Consolidation Continue

Specific industry consolidation and investment are evident across various niche markets. GTCR-backed Dentalcorp has acquired Northstar Dental Partners, a dental support organization. Fundamental Advisors has acquired aerial services operator Blue Sky Helicopters, which serves utility, government, and public safety customers. Vesterra Capital has acquired facilities maintenance platform PHFM. Tinicum has backed specialty chemicals distributor GracoRoberts. Bowmark Capital is set to become a shareholder in building standard SFG20, whose software platform assists facilities managers. In a deal valued at nearly $1.3 billion, Matador Resources Company is acquiring EnCap-backed Paloma Permian.

Healthcare and Life Sciences See Targeted Private Equity Activity

The healthcare and life sciences sectors continue to attract private equity interest through targeted investments and acquisitions. Bregal Sagemount is taking a majority stake in Luxembourg’s ATOZ Services, an administration and governance provider for private equity, credit, and real estate clients. Nordic Capital is preparing to sell life sciences software provider Aris Global, which serves pharmaceutical and biotech companies. Wildflower Health, a tech-enabled women’s health company, has acquired maternity and women’s pelvic health platform Every Mother. Equality Asset-backed Mindoula, which focuses on engaging hard-to-reach individuals and families, has acquired Janus Healthcare Partners and Valera Health.

Sports and Leisure Investments Reflect Diversification

Private equity is also making inroads into the sports and leisure industries. Harbinger has taken a minority ownership stake in MLB’s Athletics as part of the club’s equity financing for a new ballpark. Former NY Giants QB Eli Manning shared insights on investing in sports, detailing his transition from investor to a full-time role.

Secondaries Market Shows Resilience and Growth

The secondaries market is demonstrating continued growth and evolving strategies. Private real estate managers are rewriting the playbook with secondaries, as continuation vehicles signal a departure from distress-driven strategies. China's RMB secondaries market has concluded its first full cycle, presenting both opportunities and risks. Lenders and buyers are increasingly accepting leverage in continuation funds, though divisions remain on optimal usage.

Other Notable Deals and Investor Activity

Other significant transactions and investor activities include: Investindustrial agreeing to invest in Italian flavors and fragrances maker PA Aromatics. IK Partners is selling MDT technologies to BU Bregal Unternehmerkapital. Cinven is acquiring software firm Salsify, which has over 2,000 customers. Butterfly and Graham Partners are investing in flavor maker Custom Flavors. Tocqueville Asset Management has secured growth capital from Leon Financial Network. Tayeh Capital is investing in C-suite advisory firm Council Advisors. Oaktree-backed GA Group has acquired family law litigation support firm Trampe Settles. Inflexion is taking a minority stake in Salto Systems, a designer and manufacturer of electronic access control technology.