Private Equity 3 Hours

Last updated: July 3, 2026, 8:30 AM ET

Market Activity & Exits

Blackstone has filed to take its portfolio company Jersey Mike's Subs public, aiming for a valuation of up to $12 billion. This move represents a potential exit for the private equity giant less than 18 months after acquiring control of the fast-growing sandwich franchisor. In a separate potential exit, General Atlantic is reportedly in talks to sell a portion of its stake in sportswear brand Gymshark back to founder Ben Francis, who aims to increase his ownership. Meanwhile, Eurazeo has divested its stake in the Spanish hotel portfolio FST Hotels to Extendam, a European private equity firm specializing in the hospitality sector.

Growth & Funding

Artificial intelligence startup ElevenLabs is reportedly seeking to raise funds at a $22 billion valuation. This significant valuation underscores the intense investor interest in AI technologies, even as some venture capital firms face internal disagreements over investment strategies. Specifically, ETCI-backed VC firms are reportedly split over a proposal to limit investments in non-European companies. Elsewhere, the European Union's long-standing initiative turning startup placements into is now in its 30th year, highlighting a sustained effort to foster innovation and intellectual property development.

Consultant & Investor Mandates

The Town of Wellesley is seeking an investment consultant for its retirement board and Other Post-Employment Benefits trust. This request for proposals indicates continued activity in the institutional investor space, with public pensions and retirement systems actively managing their asset allocations and seeking expert guidance.