Private Equity 8-Hour Briefing
×Last updated: March 17, 2026, 9:30 PM ET
Private Equity Dealmaking & Governance
The Nevada PERS system is moving to exit its exposure in Clearlake Capital Group holdings, citing potential conflicts of interest arising from Clearlake's planned $74.9 billion acquisition of Pathway Capital Management, signaling increased scrutiny on complex fund-of-funds transactions. In platform creation, TPG-backed Velotic has officially launched its industrial software venture, appointing former PTC CEO James Heppelmann as executive chairman to spearhead growth in the sector. Concurrently, Fort Point Capital is expanding its infrastructure portfolio as its portfolio company, VisuSewer, which provides wastewater services in Wisconsin, acquired competitor United Survey to bolster its cleaning and inspection capabilities.