Private Equity 24 Hours

Last updated: September 12, 2026, 6:10 AM ET

Venture Capital Expansion

Khosla Ventures is opening a New York office this fall, marking its first outpost beyond Sand Hill Road, with partner Keith Rabois noting the build-out is already underway. Meanwhile, Y Combinator's Garry Tan is urging American open-weight AI labs to distill frontier models from U.S. leaders, aiming to give the country a competitive set of open-weight options that aren't Chinese. On the conference circuit, organizers issued a final call for exhibit tables at Tech Crunch Disrupt 2026, with the September 18 deadline approaching and limited availability. Applications to host official Side Events at the same conference closed September 11 at 11:59 p.m. PT.

Healthcare & Life Sciences Deals

Avesi Partners-backed Danforth Health has acquired rare disease consultancy Ambit RD, bringing AI-powered patient identification and analytics tools to Danforth's platform for biopharma commercial challenges. In fertility care, InTandem Capital's Ivy Fertility acquired Santa Barbara Fertility Center, founded by reproductive endocrinologist Rene Allen in 2008, who will continue practicing there. Separately, regulatory pressures and AI opportunities are drawing PE firms including Ardian, Bregal Sagemount, Riverside and Thoma Bravo into life sciences software, with eight deals underscoring the sector's appeal.

Industrial & Energy Transactions

Bluejay Capital's Pacific West acquired Coleman Industrial Construction, a 1979-founded provider of construction, renovation, environmental, maintenance and repair services for rail and industrial facilities serving Class I railroads. In renewables, Excelsior Energy Capital exited two solar plants to Enel — the Faraday and Skyhawk utility-scale facilities in Utah and Tennessee, backed by long-term power purchase agreements with Pacifi Corp and the Tennessee Valley Authority.

Software & Technology M&A

Francisco Partners and KKR agreed terms to acquire minority stakes in Italian software group TeamSystem from main backer Hellman & Friedman, in what Reuters characterized as a private IPO. Accel-KKR will take London-listed construction software group Eleco private in a recommended all-cash deal valuing the company at approximately £207.6m, delisting it from AIM. CVC has entered final talks to buy EQT's mainland China contact lens operations, Ginko International, for up to $800m, according to Reuters. In climate software, carbon accounting startup Greenly acquired competitor Normative in a €65m deal.

Fundraising & Capital Formation

It was a monster week for U.S. startup funding, with four companies each raising $1bn or more, led by The Boring Co. at a $3bn Series D and AI coding startup Cognition at $2bn. Mistral's monster fundraise is raising questions about whether it represents a win for European sovereignty. EQT launched an evergreen fund to open its Asia platform to wealth investors. Korea Post is seeking domestic blind-pool PE funds for 2026, looking to commit 240bn Korean won.

Market Views & Strategy

US venture firm First Mark argues that Europe is underrated among American investors. In a guest commentary, Mighty Capital's SC Moatti contends that AI itself is no longer a durable differentiator, with the strongest startup moats being counter-positioning and network economies. And Incredible Health co-founder Iman Abuzeid, a doctor-turned-entrepreneur, is tackling the healthcare staffing crunch by reversing recruiting — making employers apply to healthcare workers rather than the other way around.