Private Equity 3 Days

Last updated: August 5, 2026, 5:30 AM ET

Fundraising and Investment Activity

Nextalia has raised over €1.1 billion for its second flagship fund, Nextalia Private Equity II (NPE , securing commitments from more than 200 investors within five months of launching its fundraising efforts. Apollo is reportedly halfway to its target for Fund XI, which aims to raise between $22 billion and $25 billion and began its capital raise in February. Adams Street has doubled its fund size with its latest flagship secondaries raise, securing $2.7 billion for its Fund 8 as part of a $5 billion secondaries program focused on North America and Europe. Met Life Investment Management closed its third managed secondary transaction, raising approximately $1.2 billion for Met Life Investment Private Equity Partners Fund III, with Lexington Partners acting as the lead investor. US investors have propelled Blue Earth's impact secondaries strategy forward, with the specialist impact investing firm raising an additional $100 million and holding a second close for its debut dedicated secondaries fund.

Mergers, Acquisitions, and Divestitures

Advent and Harbour Vest have agreed to acquire FNZ Bank in Germany, a banking and infrastructure provider for wealth management that connects over 50,000 financial advisers, 200 asset managers, and more than 400 distribution partners. set to sell Command Alkon, a software and platform technology provider for the heavy building materials industry, to Francisco Partners. Axum Capital agreed to acquire Barcode, a Los Angeles-based plant-based and hydration drink brand. Ridgemont has acquired Entact, a national provider of environmental remediation and geotechnical construction services, from JFLCO. Wynnchurch-backed Trimlite purchased Barnett Millworks, a doormaker, expanding its geographic reach into the Southeast market. Wind Point Partners is acquiring ECI, a managed services provider to alternative asset managers and regulated financial firms, from H.I.G. Capital. EIP OceanSound-backed Convey has acquired Selectron, a provider of government and utility software for omnichannel communications and engagement. KKR is in the process of taking Integer Holdings private in an all-cash transaction valued at approximately $5.7 billion, marking a significant carve-out in the medical device sector. has acquired Carolina Components Group, a provider of custom-engineered bioprocessing assemblies. TSG Consumer has acquired a majority stake in Saltair, a body care brand, valuing the company at the top of its category. Nordic Capital has agreed to acquire BWXT's medical isotopes business for up to $800 million, signaling a significant bet on the radiopharma sector. Permira has agreed to sell Bio Catch, a behavioral-based fraud intelligence provider protecting over 760 million consumers across more than 350 financial institutions, to Visa for $2.4 billion. KKR is set to acquire a 50 percent stake in Total Energies’ European onshore solar and wind business for €1.8 billion, following its earlier acquisition of Total Energies' North American solar business for $1.25 billion. Cortec Group reportedly preparing to sell A1 Garage Door Service, a residential garage door maintenance services provider, while McNally Capital has made a majority investment in Tenica, a defense and intelligence services firm. EnCap Flatrock has sold Momentum Midstream, which operates a large-scale natural gas system including over 4,000 miles of pipelines, to Williams for $5.5 billion. CVC and Partners Group are set to achieve a full exit from Żabka Group, Poland's largest convenience retailer, as Alimentation Couche-Tard makes an $8.6 billion bid. Permira has achieved a partial exit from Reformation, a sustainable fashion company, which raised $210.9 million in an IPO priced at the bottom of its range. Apollo has agreed to acquire Maverick Water Group, an operator of alternative non-potable water systems, from Crosstimbers Capital Group, focusing on Texas water infrastructure. Mutares has closed its $450 million acquisition of SABIC's engineering thermoplastics unit, which will be rebranded as Nex Point Materials and employs approximately 2,800 people generating roughly $2.5 billion in annual revenue. partnering with the leadership team of Thomas & Company, a workforce compliance service provider, to support its next phase of growth.

Venture Capital and Technology Trends

Global venture funding reached $65 billion in July, a 100% increase year over year, with the month recording the highest number of billion-dollar venture rounds on record. Menlo Ventures' Murphy indicated the firm is considering larger deals due to AI, and they are deploying $3 billion in new capital, drawing on lessons from their Anthropic relationship. Index Ventures raised a fresh $2 billion, doubling down on its AI investments. Fintech startup Moss has achieved unicorn status with a $30 million Series C funding round. Revolut founder Storonsky is reportedly in talks for a new share deal that could value the company at $500 billion, though he also faces a lawsuit over a €350 million superyacht. a $3.6 billion valuation after a decade of declining venture capital, attributing the timing and partnership as key factors. Marc Benioff-backed startup, June, has emerged from stealth with a $20 million pre-seed round to simplify AI adoption. Nscale will provide compute resources to AI researchers at Oxford, UCL, and Imperial College. The EU's €5 billion tech superfund is now officially open for business. Bending Spoons completed its first acquisition since its IPO, a $2.25 billion deal for Airtable. Plural has backed a $43 million round for Ore Energy, a next-generation battery startup. Exclaim Robotics Zurich-based company, has raised $4.95 million as it comes out of stealth. Robotics startups in Europe have collectively raised more funding in the past six months than in the preceding two years combined. AshGrove has invested in 10x Banking, a provider of cloud-native core banking technology aimed at modernizing financial institutions' legacy infrastructure. A16z has backed Happy Robot at a valuation of $1.2 billion.

Artificial Intelligence and Operational Impact

The increasing prevalence of AI-generated content could lead to a re-rating of data assets that are "rights-clean," according to Graphite's Mike Tilbury, who also noted that Mutares completed its largest deal with a $450 million acquisition of Sabic's engineering thermoplastics business. Tilbury further stated that the market currently values many businesses with critical data inputs for AI as ordinary information companies, implying a potential re-rating is imminent for targets with "rights-clean" data. AI is having a significant impact on physical environments, prompting a call for bravery in changing processes. Njord Partners' Arvid Trolle stated that AI is now a "natural part" and a "key part" of how the firm operates, noting resilience in the value segment, including the exit market. secure and user-friendly AI highlight the importance of integrated data, as data silos limit an AI's perspective.

Private Equity Market Dynamics and Investor Strategies

There have been 144 new funds launched this year, offering insights into the evolving European investment market. Private equity showing significant interest in US naval investments, driven by the US Navy's budget exceeding $300 billion annually. its private equity pacing for FY 2027, with plans to commit up to $2.7 billion to the asset class. PE Club, formerly a network for former private equity executives, has transformed into an LP platform, attracting LPs such as serial entrepreneurs and ex-CEOs. Investors are increasingly seeking to enshrine better GP reporting standards, while impact investing is being unfairly associated with ESG concerns, according to industry participants. KKR and Arctos are reportedly considering launching a GP-led strategy, believing they can establish a leading business in this specific market segment. Hong Kong's new listed alternative investment trusts present potential use cases, investment horizons, and fee models for industry participants.