Private Equity 8 Hours

Last updated: July 23, 2026, 5:30 PM ET

Private Equity Dealmaking and Fundraising Activity

Blackstone is poised to sell its battery storage developer Aypa Power to Brookfield in a deal valued at $7 billion. The transaction encompasses Aypa's operational, under-construction, and contracted project portfolio, along with its development platform. In a separate development, Matador Resources Company has agreed to acquire EnCap-backed Paloma Permian for nearly $1.3 billion. This acquisition also includes primarily undeveloped acreage in West Texas and Southeast New Mexico from Ridge Runner Resources. Meanwhile, Decathlon has invested in health tech, and Tocqueville Asset Management secured growth capital from Leon Financial Network to foster. Nazca Capital acquired Madrid Artes Digitales, a company specializing in immersive cultural experiences. Tayeh Capital has invested in the C-suite advisory firm Council Advisors, which boasts over 160 professionals across. Oaktree-backed GA Group acquired Trampe Settles, a family law litigation. Bregal Sagemount is set to acquire a majority stake in Luxembourg-based ATOZ Services, an administration and governance provider for over 800 clients in private equity, private credit, and. Coalesce Capital has invested in cybersecurity provider Worksheet, while Monomoy is reportedly in advanced sale talks for concrete.

Secondaries Market Momentum and Investor Stance

The secondaries market continues to see significant activity, with Blackstone's Strategic Partners Fund X aiming for $22.5 billion, making it the second-largest active fundraise by target in the market, according to Secondaries Investor data. Step Stone's venture capital secondaries fund has surpassed $1 billion, fueled by growing limited partner interest, with Ohio's public school employees' pension fund committing $50 million to the fund. Discussions are ongoing regarding leverage in continuation funds, where lenders and buyers show increasing acceptance, though divisions persist over the appropriate usage and timing of these tools. This trend suggests a maturing market where sophisticated investors are navigating complex structures.

Fundraising and Strategic Investments

In broader fundraising news, New Spring-backed Vybe Urgent Care has acquired two centers from Liberty Urgent Care in the greater Philadelphia market. An edtech platform, Imagi, announced a $4.5 million seed round, including investments from Brighteye Ventures, Day One Capital, and artist Will.i.am, to support its mission of teaching coding to students. The articles also touch upon the evolving dynamics of investor incentives when executive net worth reaches stratospheric levels, questioning how carry payouts influence decision-making in such scenarios. This raises important considerations for alignment between limited partners and general partners in the private equity landscape.