Private Equity 8 Hours

Last updated: June 23, 2026, 8:30 PM ET

Venture Capital & Fundraisings

Menlo Ventures has secured $3 billion in new funds, marking its largest capital raise in 50 years. The firm, which has built a reputation for AI investments, plans to deploy this capital across seed to growth-stage AI startups. This comes as venture capitalists evaluate AI valuations, with discussions around inflated multiples and recurring revenue metrics ongoing. In parallel, drone startup Stark confirmed a €500 million raise backed by prominent investors Sequoia and Founders Fund, indicating continued appetite for deep tech.

Buyouts & Acquisitions

Acorn Capital is set to divest Berry Aviation for $105 million to Bristow Group, a Houston-based provider of vertical flight solutions. In a separate transaction, Teleo Capital has acquired Modersys, a pharmaceutical manufacturing intelligence platform, from Applied Materials, Inc. Meanwhile, Platinum Equity has emerged as the sole bidder for Nestlé's water unit after rival CD&R exited the auction process, signaling a potentially concentrated deal for the consumer goods asset.

Platform Investments & Credit Funds

Mangrove Equity has launched a new platform, Peak Pavement Group, by integrating HD Sealcoating & Paving Solutions and Maintain It All. This move signals a strategy of consolidating fragmented industries through platform acquisitions. On the credit side, Allianz Global Investors held the first close of its third Asia Pacific private credit fund, raising $744 million. This fund, the Allianz Asia Pacific Secured Lending Fund III, will focus on private credit opportunities in the region. Separately, Reverence Capital is set to invest in the CPA firm Eide Bailly, aiming to provide resources to accelerate its growth and enhance client services.