Private Equity 3 Hours

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

Deal Activity & Firm Strategy

Private equity dealmaking showed continued focus on business services attractiveness and secondary market exits, as evidenced by the Macquarie-led group’s announced sale of the Louisiana electric utility Cleco to Stonepeak and Bernhard Capital during Deal Max 2026. Separately, GTCR formally launched Avelis Holdings in partnership with Brian Crotty, who will assume the role of Chief Executive Officer for the new platform. Furthermore, portfolio activity remains high for add-on acquisitions, with Boomerang-backed Pinnaql completing its third tuck-in in the last ten months by snapping up Pharma Resource Group.

Fund Management & Investor Flows

In fund services, fresh data suggests a slowdown within the software sector is dampening general sentiment, though CVC reported 'minimal redemptions' from its evergreen suite. This comes as advisory firms consolidate their offerings, with Lazard and Campbell Lutyens forming a strategic alliance to better manage capital flow complexities. Meanwhile, institutional allocation plans are solidifying for future deployment, as the South Korean pension fund GEPS confirmed intentions to pursue secondaries across PE, debt, real estate, and infrastructure beginning in 2026.