Private Equity 3 Hours

Last updated: May 7, 2026, 2:30 PM ET

Private Equity Dealmaking & Sector Activity

The private equity sector saw a flurry of deal execution across energy and services, with Carlyle and Diversified Energy agreeing to purchase Andarko Basin oil assets from Camino for $1.2bn, securing an additional 100 undeveloped inventory locations in Oklahoma. Concurrently, Pye-Barker, backed by private equity, continued its consolidation strategy by acquiring AAA Fire Extinguisher Co, a Georgia-based provider of fire protection and security services. In healthcare technology, Silversmith Capital Management's portfolio company snapped up health tech firm Avarion, expanding its footprint in managed healthcare IT services from its Valencia base. Furthermore, SVP confirmed its acquisition of power generation facility New Frontera Holdings, following an initial investment via a first lien term loan during the company's 2021 restructuring process.

Firm Strategy & Personnel Moves

In strategic shifts, Fidelity quietly shuttered its venture capital arm, according to sources familiar with the matter, signaling a retraction from early-stage technology investments. Meanwhile, industry executives continue to navigate valuation uncertainties, as evidenced by Apollo CEO Marc Rowan’s comments this week regarding the "messy situation" surrounding the valuation of semi-liquid private market assets. On the personnel front, MiddleGround announced a key promotion, elevating Alexander van der Have to partner, recognizing his role in expanding the firm's presence across Europe. These internal moves contrast with broader market exits, such as the ongoing regulatory scrutiny facing European AI developers when compared to U.S. counterparts like Anthropic.