Private Equity 3 Hours

Last updated: April 23, 2026, 11:30 AM ET

Deal Flow & Mid-Market Activity

JP Morgan managing director John Burns anticipates a stronger volume of companies approaching the market, according to a preview of the Deal Max conference, suggesting mid-market dealmaking momentum is building after a slow start to the year. This optimism coincides with activity in specialized sectors, as Mako announced an investment in the newly launched primary care firm, Mangrove Health, founded by healthcare veterans Elena Castañeda and Dr. Emily Maxson. Further consolidation occurred in the industrial services space, where the Allied Industrial-backed CES Power successfully completed three bolt-on acquisitions in Ireland: GH Energy Rental, Event Power, and Purecore.

Fund Terms & Future Events

In tracking evolving limited partner expectations, a forthcoming report from Morgan Lewis revealed that over half of contemporary capital vehicles (CVs) are now mandating carried interest waterfalls that include hurdles based on both Internal Rate of Return (IRR) and Multiple of Invested Capital (MOIC) metrics. Amidst this focus on precise return measurement, the venture capital community prepares for major gatherings, with registration now open for the first StrictlyVC event of 2026, set to convene leading VCs and founders at the Sentro Filipino Cultural Center in San Francisco on April 30.