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Private Equity 8 Hours

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16 articles summarized · Last updated: LATEST

Last updated: August 13, 2026, 8:46 AM ET

Mega-Deals and Exits

Thoma Bravo agreed to take specialty insurance risk exchange platform Accelerant private for more than $4bn; Altamont Capital Partners and the founders will retain equity. Apax will sell food supply chain logistics provider Tosca to Goldman Sachs Alternatives, having acquired the business in 2017. Bank of America is investing up to $1.9bn for a 49.9% stake in Jio Credit, the lending arm of Mukesh Ambani's Jio Financial Services. WestBridge agreed to buy a majority stake in Beckett Investment Management from Foresight Group; the financial planning firm has grown AUM from £800M to £2.1bn since 2021. In a separate add-on, Marlin’s Radar Healthcare acquired patient experience platform Cemplicity, which operates in Australia, New Zealand, the Middle East and the UK.

Fundraising and Valuations

Legora is in talks to raise new funding at a $10bn valuation, according to reports. Shein has slashed its expected Hong Kong IPO valuation to between $30bn and $40bn, a fraction of the near-$100bn peak it commanded in private markets. Early backers of Anthropic anticipate a public listing as soon as October at a valuation of $2tn or more, which would surpass SpaceX and become the largest IPO on record. Korea’s NPS added $1bn of secondaries exposure in 2024, with secondary funds and co-investments growing 36% to approximately $3.7bn. The pension’s PE AUM rose 12% year-on-year, though private equity now represents only 7.2% of total assets, down from 7.8%.

Regulatory Spotlight

The SEC is zeroing in on private funds valuations, with examiners asking about specific funds by name in opening requests. Enforcement has also picked up the scent, according to affiliate title Private Funds CFO.

Venture and Growth Stories

Trunk Tools, an AI construction startup founded by a former teenage carpenter, exemplifies non-tech founders securing venture funding. Multiverse Computing, a Spanish quantum-AI startup, is vying to become Europe’s next AI champion. A London Docklands venture lab is quietly building deeptech companies aimed at environmental challenges. Finally, a Side Letter notes that investors are increasingly focusing on local economy themes in private equity, while Advent approaches its flagship fund target and overall PE dealmaking continues to slump.