Private Equity 3 Hours

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

Private Equity Fundraising and Dealmaking

MGX raised close to $50 billion for one of the largest-ever artificial intelligence focused funds, signaling substantial investor appetite for the sector. In parallel, Berlin-based Peec AI is reportedly targeting a $200 million valuation for its own new fundraising round, underscoring the continued momentum in AI-specific investment vehicles. Meanwhile, CPP Investments and Blackstone Credit have entered a strategic funding relationship with Element Fleet Management, committing flexible capital to support the company's operations.

In venture capital, Kline Hill led a deal for Plaza Ventures concerning digital advertising firm Stack Adapt. This transaction provides Plaza with extended engagement time with Stack Adapt, a company whose investment is recognized as one of Canada's highest-returning venture capital deals, particularly as the firm navigates disruptions from AI advancements.