Private Equity 8-Hour Briefing
×Last updated: March 17, 2026, 5:30 PM ET
Private Equity Dealmaking & Exits
The challenges in clearing the private equity exit pipeline are intensifying, as even assets acquired during less frothy market periods now face difficulty finding buyers, raising concerns over valuation alignment. This difficult secondary market environment contrasts with notable ongoing maneuvers, such as Advent and Cinven exploring a €25bn exit from elevator giant TK Elevator amid takeover interest from Kone. Meanwhile, Kinderhook Industries secured recognition for its Mid-Cap North America Deal of the Year award, even as peers like HIG Capital reportedly advance bake-offs for portfolio companies including HVAC service providers.
Sector Launches & Acquisitions
Firms are actively deploying capital into specialized sectors, evidenced by TPG launching a new elderly healthcare platform named One Aged Care to capitalize on demand trends in Singapore and Malaysia. In the industrial technology space, a new software firm, Velotic, was launched by TPG, appointing former PTC CEO James Heppelmann as executive chairman to drive its strategy, while Sagard-backed Norbec expanded its footprint by acquiring Canadian Curtis, a designer of prefabricated freezer rooms. Further deal activity in infrastructure saw Fort Point-backed VisuSewer acquire United Survey, a Wisconsin-based firm specializing in wastewater inspection and cleaning services.
Governance & Tech Implications
Governance scrutiny is impacting major institutional investors, with the $74.9bn Nevada PERS planning to divest its position in Clearlake Capital due to perceived conflicts of interest arising from Clearlake’s planned acquisition of Pathway Capital Management. Separately, warnings emerged regarding the future impact of technology investment on social equity, as AI investor Rana el Kaliouby cautioned that the current AI funding structure risks exacerbating the wealth gap for women if they remain excluded from leadership and capital allocation decisions in the sector.