Private Equity 3 Hours

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

Private Equity Dealmaking & Fundraising

A TPG-led investor group injected more than $4bn into OpenAI to establish a new deployment company, marking a substantial capital commitment from the private equity sector into generative artificial intelligence infrastructure. Co-leading the founding partnership alongside TPG were Advent, Bain Capital, and Brookfield, signaling broad PE confidence in the monetization of large language models. In European energy restructuring, Mayfair Equity Partners has agreed to divest its retail operations, including the customer base and brand name of OVO energy, to EON as part of a sector consolidation trend. Meanwhile, Ana Cap is establishing a new platform in the Italian professional services market by acquiring a majority stake in Cattaneo Dall’Olio Rho Tax & Legal Group under its newly launched entity, Titan.

Firm Strategy & Personnel Moves

Firms continue to staff up for specialized deal sourcing, as Calera Capital appointed Michael O’Brien as managing director and head of business development, recruiting him from Valspring Capital where he held similar responsibilities. Separately, Dynasty Equity's CEO, Don Cornwell, discussed the sector's increasing penetration into sports assets, noting that private equity is actively targeting franchises, leagues, and adjacent operating businesses by leveraging technology to track fandom. Cornwell also offered governance advice, stressing the importance of dealmakers attending annual general meetings for operational oversight.