Private Equity 3 Hours

Last updated: April 20, 2026, 11:30 AM ET

Dealmaking & Portfolio Activity

Activity in the buyout space continues across sectors, with Gryphon Investors commencing an early-stage review for the potential divestiture of its fire protection engineering business, Jensen Hughes. Simultaneously, competition is heating up for advisory firm The Team, as Permira joins several interested parties exploring an acquisition, while in the insurance vertical, JC Flowers-backed One Italia Alliance completed the purchase of Strategica Group, a brokerage provider launched just last year. Separately, in the software space, established firms including Hg, TowerBrook, and Vitruvian submitted initial bids for Benchmark, a deal valued around $270 million, as Schroders reshapes its holdings.

Public Markets & LP Relations

In moves signaling future public debuts, Blackstone-backed Jersey Mike’s Subs has confidentially filed for an initial public offering, following the private equity giant's acquisition of the sandwich chain from founder Pete Cancro in 2024. Meanwhile, general partners are reportedly increasing alignment with limited partners through cross-fund commitments, a tactic secondaries investors view as essential for signaling confidence in "trophy, crown-jewel assets." For institutional investors, private market exposure maintains its appeal, though asset managers are now focused on the complex integration and education processes associated with the UK’s pension-pooling transition for local government schemes.