Private Equity 3 Hours

Last updated: June 15, 2026, 2:30 PM ET

Private‑Credit Expansion

Apollo and Blackstone have closed a $35bn private‑credit vehicle to bankroll Anthropic’s AI‑chip development, a move that positions the two giants at the forefront of the AI‑hardware race. The deal, which will provide liquidity for future chip production, reflects a growing appetite for tech‑enabled capital among traditional buyout houses. The partnership signals that large‑cap PE firms are increasingly channeling funds into niche, high‑tech infrastructure that promises high returns as AI adoption accelerates. Apollo Blackstone fund

University‑Brand Leveraging

Otro Capital has injected capital into the University of Utah’s Crimson Brand Partners, a venture that will oversee commercial operations for Utah Athletics and the broader university community. The investment gives Otro access to a lucrative sports‑marketing platform while allowing the university to monetize its brand assets more efficiently. By consolidating commercial activities under a single entity, the partnership aims to unlock synergies across merchandising, sponsorships, and media rights. Otro Capital investment

Deal Closure in Healthcare

Abry Partners has closed a $780m continuation fund backed by Apollo S3 and Neuberger, to retain Centauri Health Solutions. The oversubscribed vehicle gives Abry the flexibility to hold its strongest healthcare asset through a period of anticipated growth in the sector. The move underscores a broader trend of PE firms using continuation funds to preserve upside while providing liquidity to early investors. Abry continuation fund

Strategic Exits and Acquisitions

Morgan Stanley has finalized a $1.6bn exit from Brazos Delaware II, valuing the investment at an 8x EBITDA multiple based on projected 2027 earnings. The sale marks a clean turnaround for the firm, which has been restructuring its portfolio toward more stable, income‑generating assets. Concurrently, Advent‑backed Nuvei announced a $2.75bn take‑private deal to acquire Payoneer, a global payments platform headquartered in New York. The transaction will grant Nuvei full control over Payoneer’s transaction processing capabilities and expand its footprint in the fintech arena. Morgan Stanley exit

Fitness‑Sector Interest

L Catterton is in exclusive talks to acquire a stake in Hyrox, the rapidly expanding extreme‑fitness brand. The potential investment would give the LVMH‑backed firm exposure to a high‑growth consumer‑goods niche that blends fitness, technology, and community engagement. The deal reflects a broader trend of PE firms seeking footholds in lifestyle and wellness sectors that appeal to younger, affluent demographics. L Catterton Hyrox talks