Private Equity 8 Hours

Last updated: August 6, 2026, 8:31 AM ET

Dealmaking Activity and Portfolio Growth

Veritas Capital is set to acquire Saber Power Services, a platform focused on building, modernizing, and maintaining critical electrical systems. In a sponsor-to-sponsor transaction, Bain Capital has agreed to acquire Gong cha, a global bubble tea brand, from TA Associates. KKR is also expanding its healthcare footprint by acquiring Medicover India, a network of 24 hospitals operating across South and West India with approximately 4,800 beds and more than 80 clinical specialties successfully grew its portfolio company Smith + Howard fourfold before its exit to TPG. Partners Group is reportedly in talks to acquire beauty business Aroma-Zone from Eurazeo.

Venture Capital and Secondaries Market Dynamics

G Squared raised $2.3 billion for its seventh flagship fund, which is twice the size of its predecessor and was raised in half the time, signaling strong activity in the venture secondaries market. Partners Group is committing over $1 billion in equity, alongside debt financing, to acquire a majority stake in AVK Power Solutions, a UK-based data center power specialist, anticipating a power squeeze in Europe's data center market. Korea Post intends to commit 60 billion Korean won to domestic blind-pool venture capital funds in 2026. Analysis from Y Combinator data reveals a notable increase in repeat founders participating in its programs.

Fundraising and Investor Strategies

Mega-firms are largely navigating fundraising and exit headwinds, while OMERS is planning a fivefold increase of its private equity portfolio. New Jersey's Division of Investment is actively considering both re-ups and new opportunities in the current slower exit market, despite not facing liquidity concerns. RedBird's Affinia acquired Wilson Partners, an accounting firm advising SMEs, individuals, and private equity investors in the UK, with backing from Fordhouse. CVC and Veritas Capital are reportedly vying for Bodycote, a provider of heat treatment and metallurgical services.

Market Trends and Geographic Focus

Europe's 50 most active equity investors were identified in the first half of 2026. Paris is highlighted as a key location with seven notable spots for founders and venture capitalists to connect. The importance of carry communication, or the lack thereof, is causing headaches for some market participants. The tax and audit advisory sector is considered durable, with demand remaining consistent through economic cycles, as indicated by Broad Sky CEO Tyler Zachem.