Private Equity 3 Hours

Last updated: July 1, 2026, 11:30 AM ET

Fundraising & Dealmaking Activity

Hamilton Lane has closed its sixth direct equity fund at $3.8 billion, marking its largest fundraise to date for the strategy. Meanwhile, in the technology sector, Volpi Capital has acquired a majority stake in archiving software firm kgs, which specializes in legally compliant document archiving for SAP environments. Further down the supply chain, Truelink is investing in Horwitz, a firm focused on mechanical, electrical, and plumbing services for complex commercial and industrial facilities in the Midwest. In a significant exit, IVEST Cloverlay are set to sell their stake in Care Bears to Authentic Brands Group, having reportedly quadrupled the business's value in three years, with the deal expected to close in the third quarter of 2026.

Infrastructure & Strategic Investments

Private equity giant KKR is taking control of a new renewable energy platform in South Korea, valued at approximately $1.3 billion. This move, in partnership with SK, aims to establish the country's largest clean power business and support South Korea's burgeoning artificial intelligence infrastructure build-out. In a separate transaction, KKR is also acquiring the U.S. and Canadian operations and assets of EDF's power solutions business from the power producer EDF group for $4.2 billion. Elsewhere, Peak Rock has sold its geospatial services firm SAM to New Mountain Capital, having originally acquired SAM in 2021.

Sector-Specific Acquisitions & Mandates

Harvest Partners has acquired Integra Testing Services from Keystone Capital Management, expanding its portfolio in the testing and inspection services sector. In the food distribution space, Investcorp-backed Sunrise Produce has acquired Family Tree Produce, a wholesale distributor serving Southern California. On the investor side, the Massachusetts Water Resources Authority (MWRA) has issued a request for proposals (RFP) for a private equity buyout mandate, with plans to commit up to $20 billion for this initiative MWRA issue RFP.

Technology & Public Offerings

While not a direct private equity transaction, Bending Spoons priced its Nasdaq initial public offering at $29.00 per share, exceeding its marketed range and raising $1.68 billion. The Milan-based technology group, which operates a private equity-style acquisition model, saw its backers cash in on the offering. Separately, the payment company Klarna has won a significant $1.97 billion antitrust lawsuit against Google.

Firm Appointments

Blue Wolf has appointed Vanessa Generelli as its Chief Financial Officer. Eve Mongiardo, who previously held the CFO role, will transition to partner and chief compliance officer.