Private Equity 3 Hours

Last updated: May 26, 2026, 2:30 PM ET

Acquisitions & Leadership Moves Ivy Technology, backed by Staple Street, closed a purchase of ISP Tek Services, adding a niche infrastructure portfolio that expands its technology‑lifecycle offerings into managed network services Ivy Technology acquires ISP Tek Services. The deal positions Ivy to capture rising demand for edge‑computing infrastructure, a sector projected to grow 15% annually over the next five years. Two days earlier, Ardian announced that veteran partner Mark Benedetti will serve as co‑CEO, a shift aimed at accelerating its global expansion strategy and strengthening governance after a decade of leadership at the firm Ardian taps Mark Benedetti as co‑CEO.

Fundraising & Asset Growth EQT secured a mandate to run the €5bn Scaleup Europe deep‑tech fund, an investment vehicle that will target high‑growth startups across AI, quantum computing and advanced materials, reflecting a broader trend of private‑equity focus on high‑tech scaleups EQT wins mandate to manage EU’s €5bn Scaleup Europe deep‑tech fund. Meanwhile, CPP Investments reported net assets of C$793.3bn for fiscal 2026, a 7.8% return that lifts its private‑equity allocation to 22% of the portfolio, underscoring the continued appeal of alternative assets in a low‑interest‑rate environment CPP Investments crosses C$793.3bn on 7.8% return.