Private Equity 3 Days

Last updated: August 3, 2026, 11:30 AM ET

Infrastructure and Renewables Deals

KKR has achieved a significant milestone with the final close of its KKR Global Infrastructure Investors V fund at a record-breaking $19.2 billion, marking the largest infrastructure fund the firm has ever raised. (REF:1) This new fund has already seen nearly half of its capital committed to existing investments. (REF:1) In a separate transaction, KKR is set to acquire a 50% stake in Total Energies' European onshore solar and wind business for €1.8 billion. (REF:2) This strategic move follows KKR's acquisition of Total Energies' North American solar business for $1.25 billion in late 2025. (REF:2) KKR is leveraging its insurance capital to deploy funds into this €1.8 billion Total Energies renewables portfolio, which includes a 1.2 GW portfolio of onshore solar and wind assets across Europe. (REF:12)

Private Equity Fundraises and Strategies

Adams Street Partners has successfully raised over $5 billion in capital commitments for its latest Secondaries Investment Program. (REF:6) This program was anchored by the close of its Global Secondary Fund 8 at $2.7 billion. (REF:6) The specialist impact investing firm Blue Earth has raised an additional $100 million and held a second close for its debut dedicated secondaries fund. (REF:7) Meanwhile, KKR is reportedly exploring the launch of a GP-led strategy, with CFO Robert Lewin indicating the firm's belief in building a "world-class" business targeting this specific market segment. (REF:5) The New York State Teachers' Retirement System (NYSTRS) is planning to allocate up to $2.7 billion in commitments to private equity for its fiscal year 2027, signaling continued institutional interest in the asset class. (REF:16) PE Club is transforming former private equity executives' networks into a limited partner (LP) platform, drawing LPs who are typically serial entrepreneurs, ex-CEOs, and partners from large European private equity firms. (REF:19)

M&A and Portfolio Company Activity

Permira has agreed to sell its portfolio company Bio Catch to Visa for $2.4 billion. (REF:8) BioCatch is a significant player in behavioral-based fraud intelligence, protecting over 760 million consumers across more than 350 financial institutions globally. (REF:8) In another divestment Sterling Group has sold its manufacturer Tangent Technologies to Platinum Equity. (REF:28) AEA Enterprise-backed Meritus has acquired Metroplex Welding Supply, a distributor of industrial, medical, and specialty gases and welding supplies. (REF:29) Amerit Fleet is expanding its Canadian presence through the acquisition of Triple Diamond Truck and Trailer Repair, a provider of commercial truck and trailer maintenance services. (REF:3) Cortec Group is reportedly preparing to sell A1 Garage Door Service, a company it invested in back in 2019. (REF:4) Cortec's initial investment, A1 Garage Door Service has completed at least 17 add-on acquisitions. (REF:14) McNally Capital announced a majority investment in Tenica, coinciding with growing demand for defense and intelligence services. (REF:4)

Venture Capital and Technology Investments

Menlo Ventures is preparing to deploy $3 billion in new capital, with managing director Matt Murphy citing the current AI landscape as a period of significant opportunity. (REF:13) Index Ventures raised a fresh $2 billion fund, doubling down on its investment focus in artificial intelligence. (REF:23) June, AI startup focused on simplifying AI adoption, has emerged from stealth with a $20 million pre-seed funding round. (REF:18) The European Union's AI Act rules are now entering their enforcement phase. (REF:24) A new report from Imperial College and Emlyon Business School suggests that VC-backed startups may be committing more fraud, with researchers identifying potential contributing factors and the role investors play in these situations. (REF:27)

Other Market Developments

Ardian has arranged a new unitranche financing for Arche MC2 supporting a shareholding reorganization that will result in Montefiore Investment and Activa jointly controlling the French software publisher. (REF:10) Permira has partially exited its investment in Reformation, which recently priced its IPO at the bottom of its marketed range, raising $210.9 million.