Private Equity 3 Hours

Last updated: June 16, 2026, 8:33 AM ET

Deal Activity

Renovus-backed xFact acquired government technology firm Stonewall, expanding its footprint in public sector digital transformation solutions. Meanwhile, Cleargate Capital invested in Fellow Health Partners, which supports over 500 clinicians across roughly 50 healthcare organizations nationwide. Apax Partners readies residential warranty provider Oncourse for sale after carving out the business from American Water Works in 2021. Lead Edge Capital acquired electric components procurement platform Elektrik, reflecting private equity's growing appetite for data center infrastructure support companies.

Strategic Shifts

Carlyle Group pursues a private equity comeback through its U.S. business overhaul, according to global PE head John Redett who noted the division's marked improvement. Jardine Matheson pivots to a private equity model with a $500 million buyback program and asset sales, transforming the 194-year-old Hong Kong conglomerate into an active investor. Banks are competing to assemble £5 billion financing packages for EQT's potential take-private of British product-testing group Intertek.

Investment Strategies

Playground Global's decade-long focus on hardware, energy and deep technology appears prescient as scientific breakthroughs drive the next generation of innovation beyond software. CalPERS appoints Anton Orlich, architect of its private equity turnaround, to oversee alternative investments including private credit, real estate and infrastructure programs. The moves underscore institutional investors' expanding scope in private markets while established firms recalibrate their approaches to capture emerging opportunities.