Private Equity 3 Hours

Last updated: August 13, 2026, 8:46 AM ET

Dealmaking

Thoma Bravo agreed to take specialty insurance risk exchange platform Accelerant private for more than $4bn, with Altamont Capital Partners and the founders retaining equity. Apax will sell food supply chain logistics provider Tosca to Goldman Sachs Alternatives; it acquired the company in 2017. Bank of America is investing up to $1.9bn for as much as 49.9% of Jio Credit, the lending arm of Mukesh Ambani’s Jio Financial Services. Shein is targeting a $30bn–$40bn valuation in its Hong Kong IPO, a steep drop from its private-market peak of nearly $100bn.

Institutional Investors

Korea’s NPS added another $1bn of secondaries exposure, boosting its secondary funds and co-investments 36% to approximately $3.7bn. The pension’s PE AUM grew 12%, though PE now represents 7.2% of the total portfolio, down from 7.8% a year earlier. Legora is in talks to raise at a $10bn valuation, per reports.

Sector & Regulatory Trends

Investors are increasingly shifting toward local economy themes in private equity, according to a former heavyweight LP turned consultant. Meanwhile, the SEC is zeroing in on private funds valuations, with examiners asking about funds by name and enforcement activity picking up. On the innovation front, Trunk Tools, an AI construction startup founded by former carpenter Sarah Buchner, has raised venture funding as part of a series on non-tech founders.