Private Equity 8 Hours

Last updated: June 3, 2026, 2:34 PM ET

Fundraising & Capital Markets

Crescent Capital Group raised its largest fund ever, a $10.8 billion direct lending vehicle, Crescent Direct Lending Fund IV, signaling continued investor appetite for private debt. In contrast, the Florida SBA is shifting away from limited partner-led secondaries transactions due to "underwhelming" performance in its existing portfolio, according to senior investment officer John Bradley as LP-leds lag. Meanwhile, Configure Partners has launched a private capital advisory team, hiring Ravi Mehta and Jozef Lampa to bolster its offerings in the space Configure launches advisory team.

Deal Activity & Investments

Francisco Partners completed its exit from Muse Group, which encompasses brands like Ultimate Guitar and Hal Leonard Francisco exits Muse Group. In a significant debt financing deal, JPMorgan and Bank of America are preparing to syndicate $2.5 billion in debt for Long Lake's acquisition of American Express Global Business Travel. PAI Partners has agreed to acquire a majority stake in Arlettie, an international B2B inventory management platform for luxury brands, through its mid-market fund PAI Partners takes stake in Arlettie(https://headlinesbriefing.com/private-markets/pe-hub/pai-partners-secures-majority-stake-in-luxury-brand-platform-arlettie-829466df).

Saothair acquired manufacturer EAM Corp from seller Domtar. Sixth Street is nearing a deal to invest over $1 billion for a large minority stake in commodities data and analytics platform Kpler, valuing the company at nearly $4 billion, with Five Arrows fully exiting its position Sixth Street nears $1bn+ Kpler stake. Littlejohn & Co. acquired Milrose Consultants, an architecture services firm, from seller Southfield Capital, citing growing demand for infrastructure maintenance Littlejohn acquires Milrose. White Wolf Hybrid Capital invested in waterworks equipment supplier Accu Cast in partnership with Investly Capital.

PSG invested in marina management software firm Dockwa, which currently serves nearly 4,000 marinas PSG invests in Dockwa. Kain Capital is backing radiology services network Rad X, intending to use the funds for expansion, talent recruitment, and technology investments Kain Capital backs RadX. Cora Group acquired the US mid-market operations of financial services software provider Finastra, which is backed by Vista Equity Partners. Walter Capital has invested in portfolio manager Evovest, a firm specializing in asset management, machine learning, and artificial intelligence Walter Capital invests in Evovest.

Main Capital-backed BCS HR Software acquired Timegrip, a Nordic provider of workforce management and HR cost control software BCS HR Software acquires Timegrip. Allied Industrial-backed Liberty acquired M&M Garbage Disposal, a waste and recycling solutions provider in North Carolina Liberty acquires M&M Garbage Disposal. Sheridan Capital invested in Tres Health, a provider of health plan solutions for small and medium-sized businesses Sheridan invests in Tres Health.

Divestitures & Exits

Waldencast, a beauty and wellness platform, is selling its skincare line Obagi Medical to Bridgepoint for $460 million Waldencast to sell Obagi Medical. Blackstone is exploring the sale of Japanese payments services provider SP.LINKS for approximately ¥100 billion ($625 , with SoftBank reportedly in the second round of bidding Blackstone explores $625m SP.LINKS sale.

Venture Capital & Growth Equity

Wordsmith secured $70 million in Series B funding to advance its AI-powered legal work solutions Wordsmith lands $70m Series B. Factorial raised $150 million in a Series D round backed by General Catalyst and Atomico. Global venture funding reached $92 billion in May, the second-highest monthly total on record, largely driven by Anthropic's $50 billion raise, according to Crunchbase data Anthropic funding drives May VC surge.

Other Market Developments

Greenbriar Equity Group has taken its space and defense platform Applied Aerospace & Defense public, raising $650 million while retaining approximately 81% of the company Greenbriar takes Applied Aerospace public. In Europe, a partnership led by APS Holding plans to target non-performing loan trades in secondaries real estate, seeking to acquire leftover portfolios from original buyers European partnership targets NPLs. The Swedish pension fund Alecta plans to double its infrastructure allocation to $4 billion via external managers but will not pursue secondaries in the asset class Alecta avoids infra secondaries.