Last updated: August 12, 2026, 5:40 PM ET
AI & Enterprise Tech
Thrive Holdings, an OpenAI-backed enterprise AI platform, raised $2bn at a $12bn valuation from SoftBank, D1 Capital, and Altimeter. Separately, Index Ventures is in talks to lead a $500m round for a new AI lab founded by a Deep Mind researcher.
Exits & Secondary Deal Flow
TDR Capital is exploring a sale of Arrow Global, the British private credit manager it took private five years ago. In the beverage sector, HarbourVest revealed deployment plans for its $4.75bn flagship fund as Bain, Platinum Equity, and Monogram lead recent deals.
Mid-Market Add-Ons
Reverence Capital-backed Sunstar acquired insurance agency RJR Faribo. Meanwhile, Riverside-backed Western Botanicals invested in dietary supplement developer Yellow Emperor.
Pension Strategies & Performance
The LA Fire and Police Pension, a $38bn system, reaffirmed its conviction in lower mid-market and emerging managers, noting strong distributions. Former APG PE veteran John Renkema advised pensions to use internal asset class evaluations and specific goal assessments for better performance measurement.