Private Equity 3 Hours

Last updated: March 27, 2026, 2:30 PM ET

Private Equity Strategy & Funding

The private equity sector is entering a more selective phase following a decade characterized by elevated multiples and accessible leverage, suggesting that holding periods are now stretching toward 12 years from the previous five-year norm. This strategic pivot comes as dealmaking at the very top end remains active, exemplified by OpenAI's disclosure of raising an additional $10 billion, alongside other substantial growth-stage financings led by AI and defense technology firms. Separately, on the operational side, Speedinvest reduced its workforce by 10%, a move attributed to recent internal churn within the European venture capital firm.

Advisory & Secondaries Growth

Investment banks are actively building out specialized advisory teams to capitalize on the complex credit environment, evidenced by Evercore hiring four new individuals to bolster its Europe-based credit secondaries unit, including two hires poached from PJT. This expansion in secondary market expertise directly supports the increasing complexity of asset valuation and restructuring inherent in PE's current, longer investment horizons shifting from structure to substance.