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Private Equity 8 Hours

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9 articles summarized · Last updated: LATEST

Last updated: April 22, 2026, 5:30 PM ET

Private Equity Dealmaking & Exits

Activity in the middle market showed continued consolidation, with PE-backed Alcami acquiring Tjoapack, a move aimed at expanding the North Carolina-based contract development and manufacturing organization’s footprint. Elsewhere, HIG Capital is preparing to divest Celerion, a clinical research provider specializing in data management and biostatistics for pharma clients, selling the firm to rival THL Partners. In asset management structuring, Adams Street Partners successfully closed its sixth co-investment fund at a substantial $2.5 billion, indicating continued LP appetite for specialized access vehicles despite broader market caution.

Credit Markets & Fund Structures

Large institutional players are actively tapping traditional debt markets to fuel private credit deployment, as seen when Blackstone moved to sell investment-grade notes from its private credit vehicle, signaling an end to an issuance drought among business development companies (BDCs). Meanwhile, efforts to democratize access to illiquid assets continue, with Temasek’s Azalea betting on an evergreen structure to broaden the pool of investors able to participate in private equity strategies. Limited Partners (LPs) are simultaneously seeking greater oversight, pushing for better visibility within fund side letters regarding capital call elections due to concerns over being forced sellers in secondary transactions stemming from lengthy election periods.

Sector Focus & New Ventures

Dealmaking focus remains sharpest in defensive sectors, with Forward’s Matt Leeds emphasizing targeting powerful consumer brands for future transactions amidst current retail trends. In manufacturing, LFM made a strategic investment into L&R Industries, acquiring a stake in the firm known for producing tube products alongside extensive metal fabrication and electrical services. Separately, the intersection of technology and health is attracting fresh capital, exemplified by the launch of the AI Health Fund and Treehub accelerator by Mary Minno, which secured early backing from figures including Esther and Anne Wojcicki to support early-stage healthcare AI startups.