Private Equity 3 Days

Last updated: August 17, 2026, 8:41 PM ET

Sports & Media Investments

Apollo has invested $2.6bn into the New York Yankees ownership group through its dedicated sports platform, marking one of the largest private equity injections into professional baseball. Meanwhile, FSG has agreed to sell a significant minority stake in Liverpool FC to 1892 Holdings, a consortium led by Amit Bhatia and backed by Jeff Bezos and Facebook co-founder Eduardo Saverin, at a record $7bn valuation. In the B2B media space, Bowmark Capital has acquired a majority stake in Infra Xmedia, a platform serving the global data center, compute and AI infrastructure sector with brands including Datacenter Dynamics and Yotta.

Technology & Robotics

Gravis Robotics has reached a $1bn valuation following a $200m investment from SoftBank, positioning the robotics company for accelerated expansion in automation and AI-driven solutions. Semiconductor giants are backing startups at record levels this year, driven by massive AI spending that has pushed earnings and valuations for industry leaders to unprecedented highs. Trustar Capital has agreed to acquire Alibaba's gaming arm Lingxi Games in a transaction that may value the studio at more than $1.5bn, representing one of the largest carve-outs in the Asian gaming sector this year.

Defence & Telecom

Veritas Capital has agreed to sell EPIQ Design Solutions to TTM Technologies for $1.1bn, closing out a four-year hold in the defence radio technology space. The deal underscores continued consolidation in the defence electronics sector as strategic buyers seek specialized capabilities. Ares Management is seizing control of Toob, a loss-making UK fibre broadband operator backed by the government's National Wealth Fund, through a debt-for-equity restructuring that highlights the challenges facing infrastructure investments in the telecommunications sector.

Fundraising & Strategy Moves

Quincy Retirement System has issued a request for proposal for a private equity manager, reflecting ongoing allocation shifts among public pension funds toward alternative investments. Francisco Partners CEO Dipanjan 'DJ' Deb has outlined the firm's 'complexity arbitrage' strategy, emphasizing tech investing during this period of AI-led disruption and revealing what the firm is hearing from its limited partners regarding exit timing. Deb recently told PE Hub that 2021-24 will likely be viewed as bad vintages in private equity, while 2025-28 may prove to be great vintages as exit markets recover.

Credit & Infrastructure

Partners Group has closed a $1bn private credit mandate with a major Asian institutional investor, as regional investors deepen their allocations to non-bank lending strategies. INVL Private Equity Fund II has signed agreements to acquire Lithuanian fish processors Nordian Group and Norvelita in a €200m merger that will combine the two companies into one of the largest players in the Baltic seafood processing region.

People Moves & Market Outlook

Great Hill has tapped Sam Liu as director of AI for its growth team, tasking him with partnering with investment professionals to further develop the firm's artificial intelligence capabilities. BNPP AM Prime's Pascal Christory has warned that there won't be enough capital for everybody in the European GP stakes market, noting that concentration at the top of the fundraising charts is driving increased interest in these vehicles.

Sector Allocation Trends

A $66bn limited partner has stated that sector selection should be left to the experts, as Greater China private equity receives a shot in the arm and LPs continue to support their GPs on climate issues. The sports private equity playbook is evolving as firms that treat sports like any other investment discover that scrutiny from media, fans and regulators demands a fundamentally different approach, according to partner Taylor Ingraham.

Capital Structure Innovation

As deploying capital gets harder, lenders and lawyers are turning to hybrid structures that blend sub-line mechanics with parallel vehicles and squeeze more leverage out of uncalled commitments. Novo Holdings's Asia head has shared insights on what the investment manager for Denmark's Novo Nordisk Foundation looks for in continuation funds, following a private equity continuation fund investment in Asia last year alongside KKR.

Strategic Expansion

Revolut is weighing whether to get physical, with discussions around opening airport lounges as the fintech continues its expansion beyond digital banking services. University of Glasgow spinouts are actively seeking funding, as academic institutions look to commercialize research innovations through private market channels.