Private Equity 3 Hours

Last updated: June 3, 2026, 11:30 AM ET

Funding Rounds & Growth Equity

The private equity landscape saw significant growth equity deals as Sixth Street Partners finalized a $1bn+ investment in commodities data platform Kpler, valuing the company at approximately $4bn with Five Arrows fully exiting its position. Meanwhile, legal AI company Wordsmith secured a $70m Series B funding round to expand its artificial intelligence capabilities for legal work, indicating continued strong investor appetite for technology-enabled services across the private capital spectrum.

M&A & Platform Investments

European mid-market activity remained robust as PAI Partners acquired a majority stake in Arlettie, an international B2B inventory management platform serving luxury brands through its mid-market fund. In manufacturing, Saothair purchased EAM Corp from Domtar, while Littlejohn & Co acquired Milrose Consultants from Southfield Capital. The UK-based Cora Group expanded its financial services footprint by picking up Finastra's US mid-market operations, continuing the consolidation trend in the sector.

Private Capital Services & Healthcare

Private capital service providers continued to expand their offerings as Configure Partners launched a new private capital advisory team, hiring Ravi Mehta as managing director and Jozef Lampa as vice president. In healthcare, Sheridan Capital invested in Tres Health, which provides health plan solutions for small and medium-sized businesses, while Walter Capital took a stake in portfolio manager Evovest, specializing in asset management, machine learning, and artificial intelligence.

Secondaries & Pension Strategy

Pension funds reassessed their private equity allocations as Florida's State Board of Administration shifted away from LP-led secondaries due to underwhelming performance in its $219bn system, according to senior investment officer John Bradley. Meanwhile, Swedish pension fund Alecta outlined plans to double its infrastructure allocation to $4bn through external managers while explicitly avoiding secondaries, preferring direct infrastructure investments for better market exposure.