Private Equity 3 Hours

Last updated: August 5, 2026, 11:32 AM ET

Technology and Media Deals

AI pioneer Yann LeCun has joined a new venture capital firm supported by 244 limited partners. In a significant move for the sports world, Clearlake co-founder Behdad Eghbali is nearing a record $3.9 billion deal to acquire the San Diego Padres baseball team. The music industry is experiencing an "exceptionally active" market, according to Josh Love of Reed Smith.

Software and Industrial Transactions

Veritas Capital is set to acquire environmental consultant Trinity Consultants from Oak Hill Capital. Context Logic, a company backed by private equity, will purchase chemicals manufacturer gChem from Eagle Tree Capital for $850 million. Thoma Bravo is divesting its stake in Command Alkon, a software platform for the heavy building materials industry, to Francisco Partners. This transaction follows Command Alkon's transformation focused on cloud and AI technologies.

Venture Capital and Investment Funds

Revenant Ventures founded by Draft Kings seed investor Ryan Moore, has closed its debut fund with $78.5 million. This fund is specifically focused on venture capital secondaries. Private equity including Blackstone, TPG, and EQT have also been actively partnering with artificial intelligence businesses.