Private Equity 8 Hours

Last updated: May 4, 2026, 5:30 PM ET

Private Equity Fundraising & Personnel

Venture capital activity saw a major commitment as Katie Haun raised $1 billion across new funds, continuing the firm’s focus on backing emerging crypto and blockchain startups. In parallel, established firms are bolstering their operational capabilities; RoundTable tapped Amardeep Kahlon as an operating partner, tasking him with accelerating value creation within portfolio companies and aiding new deal sourcing. Separately, the industry is recognizing its next generation of leaders, with professionals from firms including Step Stone and LGT Capital Partners making an affiliate title’s latest list of future secondaries market executives.

Exits & Divestitures

The steady flow of portfolio asset sales continued across various sectors. SK Capital finalized the divestiture of Noramco, Extractas Biosciences, and Purisys to Siegfried Holding, though the firm elected to retain ownership of its U.S. and Canadian finished-dose-form CDMO, Halo Pharmaceuticals. In the essential home services space, SE Capital divested Sierra Platform, an HVAC and plumbing firm, to Redwood Services, a Memphis-based platform. Dealmaking in related construction services remains active, as sources indicate the Audax sale of HVAC provider Nextech is progressing, with further activity anticipated in roofing and landscaping transactions.

Platform Acquisitions & IPOs

Firms are actively building out portfolio platforms through strategic bolt-on acquisitions. Carlyle Group expanded its health tech footprint by acquiring Knack RCM and Equalize RCM, with both companies’ founders reinvesting a portion of their proceeds back into the combined platform. Meanwhile, in the specialized contractor segment, PE-backed Vasco completed two acquisitions, purchasing both Howard B. Jones & Son and Court Surfaces of Florida to enhance its offerings in tennis and pickleball court construction. Heading toward the public markets, the emergency medical services provider GMR, backed by private equity, has set its initial public offering pricing terms ahead of its listing.

Technology Sector Activity

While many PE plays focus on services and industrials, large corporate technology acquirers remain active. SAP announced its agreement to purchase German artificial intelligence startup Prior Labs as large enterprises continue to absorb specialized AI capabilities. This move comes as dealmakers are assessing the impact of AI infrastructure demand on valuations across the broader technology and services sectors, following similar moves by private equity firms into data center assets.