Private Equity 3 Hours

Last updated: July 1, 2026, 5:30 AM ET

Venture Capital & Fundraises

Tapestry VC has closed its third fund at $80 million, aiming to reinvest in European entrepreneurs who have founded multiple companies. The firm anticipates that a coming wave of artificial intelligence exits will generate a new cohort of experienced founders. Meanwhile, in a move to foster consumer spending, SumUp launched a new consumer account designed to reward users for shopping at small businesses, signaling a potential shift in fintech's approach to merchant services.

Private Equity Dealmaking & Promotions

EQT's takeover bid for Australian fund manager Perpetual has been rejected, with the target’s board holding out for a higher valuation than the unsolicited $1.7 billion approach. Elsewhere, FPE has backed utility software provider BMA, which offers decision intelligence for utility companies and infrastructure operators. In personnel news, Inflexion promoted Sachin Mitra, James Stevens, and Freddy West to Partner, reflecting growth within the firm.

Industry Trends & AI's Impact

The increasing integration of artificial intelligence is forcing HR and finance departments to collaborate more closely. This headcount paradox suggests that while AI may automate certain tasks, the strategic decisions surrounding workforce management require a unified approach between these two critical functions.