Sector Investment 24 Hours

Last updated: May 16, 2026, 8:35 AM ET

Private Equity & Real Estate

THL Partners closed its THL Equity Fund X with $6.35 billion in new capital, extending the Boston-based firm's nearly five-decade track record in healthcare buyouts. The size of the close signals continued appetite for large buyout vehicles despite higher borrowing costs. Meanwhile, a valuation dispute over Belgium's largest office building has escalated into litigation, with Korean owners alleging lenders pressured valuers to trigger a cash trap event that could depress asset values across the Benelux market. The suit adds to growing scrutiny of loan-to-value mechanics in European real estate transactions. On the fund side, Connecticut pension anchors Artemis's fifth flagship fund as the Hartford-based sponsor targets $1.2 billion in real estate commitments this year, prioritizing existing manager relationships over new platforms in a tightening allocator environment.