Rising Point Closes Debut Fund at $325 Million
Rising Point Capital Management has closed its inaugural institutional fund, Rising Point Capital Management Fund I LP, at $325 million, above its $250 million target and above its initial hard cap. Fund I was oversubscribed and reached its final close over six months. Its limited partners include pension plans, foundations, family offices and funds of funds, with additional commitments from members of the firm. The new fund ends the firm's run as an independent sponsor. ...
Read More Siguler Guff Thinks Big by Thinking Small
Siguler Guff has raised more than $3 billion for its small buyout strategy. More than $2.3 billion was raised through commingled funds, which pool capital from multiple investors, including Small Buyout Opportunities Fund VI LP. Nearly $700 million was raised through separately managed accounts, which are customized investment vehicles established for individual institutional investors. Fund VI was marketed with a $2.2 billion target. Siguler Guff's strategy commits capital to private equity funds that buy small, ...
Read More Artemis Takes Aim with a $254 Million Fund IV
Artemis has closed its fourth fund, Artemis Capital Partners IV LP, with $254 million in capital commitments from existing and new limited partners. Artemis invests in small manufacturers of specialized technical products, including sensors, test and measurement instruments, radio-frequency and microwave components, optics and advanced materials, and builds them into larger platforms through add-on acquisitions. Sectors of specific interest include analytical instruments, RF and microwave, testing and measurement, thermal management, optics and photonics, and diagnostics ...
Read More GenNx360 Raises its Biggest Fund
GenNx360 Capital Partners has closed its fourth flagship fund with $865 million in commitments, above target and the biggest fund it has raised. The Fund IV close comes twenty years into a strategy of buying founder- and management-led industrial and business services companies in the lower middle market. GenNx360 makes control investments in industrial and business services companies in the United States, concentrating on industrial machinery and components, oil and gas, logistics and supply chain, ...
Read More Broadwing Capital Takes Flight with a $440 Million Debut Fund
Broadwing Capital Management has closed its inaugural fund, Broadwing Capital Fund I LP, with $440 million in commitments, exceeding both its $350 million target and its hard cap. Institutional investors in Fund I include pension plans, insurance companies, foundations, funds of funds, family offices, and registered investment advisors. Broadwing makes control investments in North America-based manufacturing and services companies that have from $5 million to $25 million in EBITDA. The Dallas-headquartered firm was founded in ...
Read More Monogram Gives Mountaintop Beverage a Refill
Monogram Capital has closed a single-asset continuation fund for Mountaintop Beverage, a contract manufacturer of shelf-stable and refrigerated beverages. The new fund and transaction, led by Apollo S3, Apollo Global Management’s platform for sponsor and secondary transactions, moves Mountaintop out of Monogram Capital Partners II, the firm’s second fund. Other investors in the fund include Partners Capital, TIFF and H7 Capital and other institutional investors. Mountaintop Beverage makes beverages under contract for other brands — ...
Read More Blue Sea Closes Continuation Vehicle for One Physics
Blue Sea Capital has closed its first single-asset continuation vehicle for One Physics, an outsourced provider of the safety and compliance testing that keeps hospital radiation equipment running within regulatory limits. The new continuation fund was supported by a syndicate of institutional secondary and credit investors including Apogem Capital, a private markets affiliate of New York Life that manages approximately $44.6 billion, and Churchill Asset Management, the Nuveen-affiliated middle market financing specialist with $66 billion ...
Read More LLCP Closes Lower Middle Market Fund IV at $2.0 Billion Hard Cap
LLCP has held the final closing of LLCP Lower Middle Market IV LP (LMM IV) with $2.0 billion of total capital commitments. The fund was oversubscribed, surpassing its $1.7 billion target and closing at its hard cap. LLCP began marketing LMM IV in December 2025 and drew support from its existing investor base as well as a new group of institutional investors from around the world. Backers include sovereign wealth funds, public pension plans, endowments, ...
Read More 
Sterling’s Newest Platform Does the Heavy Lifting
The Sterling Group's Foundation Fund has acquired Slingmax Group, a manufacturer of engineered slings and rope for heavy lifting and rigging, from River Associates. Slingmax becomes a new platform for the Foundation Fund, the lower-middle-market strategy The Sterling Group launched in 2023. River Associates built the business over six years ...
Read More Stride Bets on Clio’s Chocolate-Dipped Yogurt Bars
Stride Consumer Partners has acquired Clio Snacks, a refrigerated Greek yogurt bar maker, from Alliance Consumer Growth. Clio Snacks makes refrigerated snack bars built around strained Greek yogurt and wrapped in a chocolatey coating, sold from the dairy aisle as a grab-and-go stand-in for a candy bar. The company’s flagship ...
Read More 
Bertram Invests in Painting Contractor Percopo Coatings
Bertram Capital has made an investment in Percopo Coatings Company (PCC), a commercial and industrial painting, coating, and waterproofing contractor that works across the southeastern United States. The investment in PCC is the fifth platform investment for Bertram's Ignite fund. PCC applies and maintains the painted and protective surfaces of ...
Read More Warren Takes VDA to the Next Floor
Warren Equity Partners has acquired VDA, a firm that inspects elevators and escalators and advises building owners on how to maintain, modernize and design them, from Keystone Capital. Keystone first invested in VDA in December 2021. Over the following five years, the business completed more than 20 add-on acquisitions, expanded ...
Read More Gridiron Puts Down Roots in Lawn Care
Gridiron Capital has acquired Weed Man, a family-owned franchisor of residential lawn fertilization and weed control programs with about 1,000 territories across the US and Canada. The deal marks Gridiron’s entry into lawn care and extends a residential services portfolio that includes home improvement business Leaf Home. Weed Man’s existing ...
Read More News
HighPost Capital Forms Aerospace, Defense and Cybersecurity Vertical
HighPost Capital has formed HighPost Aerospace, Defense, and Cybersecurity (ADC), a new vertical that will make middle-market buyouts and late-stage investments in aerospace, defense, cybersecurity and government services companies. The new group is led by David Walsh, a former U.S. Navy intelligence officer and managing partner of FON Advisors. The ...
Read More 
A Longer Hold Needs a New Value Creation Lever: Brand-led AI
Private equity has an exit problem. And it has created a time problem. McKinsey puts some numbers around the problem. The average buyout-backed company sold in 2025 had been held for 6.6 years, up from 6.1 years during the 2011 to 2020 period. More than 16,000 PE-backed companies, about 52% ...
Read More A Busy Week for Kinderhook
Kinderhook Industries closed two transactions in a single week, one on each side of the ledger. Its Bestop platform acquired five aftermarket brands from Wheel Pros and the firm sold Kingwire, a wire and cable distributor, to Omni Cable. The Bestop transaction is the platform's eleventh add-on and closed on ...
Read More Public Evergreen Funds: Big Opportunity, Bigger Execution Challenge
A search for higher yields and diversification is driving increased demand for private market exposure — and evergreen funds are expanding access to these markets. By last year’s end, these funds held more than $540 billion in assets, with projections reaching $1.1 trillion by 2029. That presents a compelling new ...
Read More Private Equity Buyers Pay Up for Small Add-Ons as Middle-Market Multiples Climb to 6.9x
Median valuation multiples across the U.S. middle market rose to 6.9x adjusted EBITDA in the second quarter of 2026, up from a median of 6.5x for full-year 2025, according to the Q2 2026 PowerComps Market Update. The increase extended a run of firming prices even as deal activity has stayed ...
Read More The Automation Imperative: How Private Equity Must Lead the AI Transformation of Portfolio Companies
Automation is no longer simply an efficiency initiative for private equity operations; it is increasingly becoming a strategic and value creation imperative. For years, PE sponsors approached automation through a reactive lens by replacing aging equipment, while investing to improve throughput, expand capacity, or upskill labor as new needs arose. ...
Read More A Longer Hold Needs a New Value Creation Lever: Brand-led AI
Private equity has an exit problem. And it has created a time problem. McKinsey puts some numbers around the problem. The average buyout-backed company sold in 2025 had been held for 6.6 years, up from 6.1 years during the 2011 to 2020 period. More than 16,000 PE-backed companies, about 52% ...
Read More A Busy Week for Kinderhook
Kinderhook Industries closed two transactions in a single week, one on each side of the ledger. Its Bestop platform acquired five aftermarket brands from Wheel Pros and the firm sold Kingwire, a wire and cable distributor, to Omni Cable. The Bestop transaction is the platform's eleventh add-on and closed on ...
Read More One Rock Cleans Up on EnviroServe
Clean Harbors has completed its $470 million acquisition of EnviroServe, a hazardous and industrial waste services business, from One Rock Capital Partners. Clean Harbors simultaneously closed its $305 million purchase of Gulf Coast spill responder ES&H, bringing the combined price to $775 million. One Rock acquired EnviroServe in January 2023 in a carve-out from Savage, a Salt Lake City-based supply chain infrastructure company. The sale comes less than four years later at about 17.4x EnviroServe’s reported adjusted EBITDA. EnviroServe collects, hauls and processes industrial waste, both hazardous and non-hazardous, and sends crews to clean it up ...
Read More Audax Agrees to Sell GCG to Rexel for $1.4 Billion
Rexel, a Paris-based distributor of electrical products, has agreed to acquire GCG, a Chicago-based distributor of specialty wire, cable and connectivity products and a portfolio company of Audax Private Equity, at an enterprise value of $1.4 billion. Audax acquired the business in 2019 as part of its carve-out of Genuine Parts’ Electrical Specialties Group and completed 12 acquisitions during its seven-year hold. GCG buys wire, cable and connectivity products from manufacturers and gets them ready for installation before they reach the customer. It cuts cable to length, prints and strips it, builds custom assemblies and wiring ...
Read More Softcat Crosses the Atlantic with H.I.G.’s GDT
H.I.G. Capital has agreed to sell General Datatech (GDT), a Dallas-based company that designs, installs and supports corporate networks, data centers and cybersecurity systems, to Softcat, a London-listed IT infrastructure provider, at an enterprise value of $1.05 billion. GDT sells, installs and manages the equipment and software large organizations use to move, store and protect data. The company designs corporate and carrier networks, builds and upgrades data centers and hybrid cloud environments, deploys firewalls and other cybersecurity systems, and installs collaboration and contact-center tools. The equipment installed by GDT comes largely from Cisco, Fortinet, Hewlett Packard ...
Read More Advantage Investigations Acquires NorStar
Advantage Investigations, the insurance investigative services platform backed by Align Capital Partners (ACP), has acquired NorStar Investigations, a founder-owned surveillance and claims-investigation firm serving insurers and law firms across the Northeast. Advantage Investigations examines insurance claims for the carriers and employers who pay them. Working for property and casualty insurers, third-party administrators that run claims on behalf of self-insured employers, and defense law firms, the company sets out to confirm whether a claim is what ...
Read More Sweetmore Heads West with Fantasy Baking
Sweetmore Bakeries, a Chicago-based maker of sweet baked goods backed by Shore Capital Partners, has acquired Fantasy Baking, a California contract baker of cookies and baked bars. Fantasy is Sweetmore’s sixth bakery and its first on the West Coast. Fantasy Baking makes cookies and bars that grocers, foodservice operators and food brands sell under their own names, along with some branded products. Its cookies are made three ways: wire-cut, where dough is pushed through a ...
Read More DwyerOmega Takes SOR’s Measure
DwyerOmega, a portfolio company of Arcline Investment Management, has acquired SOR Controls Group, a manufacturer of instruments used to monitor pressure, temperature, liquid levels and flow inside industrial plants. SOR was founded in 1946 and has been owned by the founding Dunlap family ever since. It is the tenth acquisition DwyerOmega has made since Arcline bought Dwyer Instruments in 2021 and its third add-on this year. SOR designs and manufactures switches, transmitters and sensors used ...
Read More C.H. Guenther Brings Home the Hushpuppies
C.H. Guenther, a San Antonio maker of baked goods, tortillas and sauces owned by PPC, has acquired House-Autry Mills, a North Carolina producer of breaders, batters and dry mixes whose roots date to 1812. The acquisition is the seventh add-on for C.H. Guenther (CHG) since PPC, the Chicago private equity firm also known as Pritzker Private Capital, bought the company from the Guenther family in 2018. It is CHG's third add-on in the past 15 ...
Read More 
Model Behavior: Uplift Closes Its Debut Fund at $670 Million
Uplift Investors has closed its inaugural fund at its $670 million hard cap, roughly 16 months after three partners who had invested side by side for a decade launched the services-focused private equity firm. Limited partners in the new fund include pension funds, endowments, foundations, insurance companies, and family offices. ...
Read More Gridiron Puts Down Roots in Lawn Care
Gridiron Capital has acquired Weed Man, a family-owned franchisor of residential lawn fertilization and weed control programs with about 1,000 territories across the US and Canada. The deal marks Gridiron’s entry into lawn care and extends a residential services portfolio that includes home improvement business Leaf Home. Weed Man’s existing ...
Read More Featured Articles
A Longer Hold Needs a New Value Creation Lever: Brand-led AI
Private equity has an exit problem. And it has created a time problem. McKinsey puts some numbers around the problem. The average buyout-backed company sold in 2025 had been held for 6.6 years, up from 6.1 years during the 2011 to 2020 period. More than 16,000 PE-backed companies, about 52% of the total, had already been held for four years or longer, the highest percentage on record. ...
Read More Clean Sheets: CVC Backs Unitex After a Century in the Family
CVC has agreed to invest in Unitex Textile Services (Unitex), which launders and manages the linen, gowns and scrubs that hospitals and nursing homes across the Northeast run through every day. The Potack family, which has owned ...
Read More Inspirit Launches Vulcan Government Services
Inspirit Equity has acquired Valiant O&M, the operations and maintenance division of Valiant Integrated Defense Services, and relaunched it as an independent company under the name Vulcan Government Services (VGS). VGS runs the physical plant at United ...
Read More Turnspire is Working on the Railroad
Turnspire Capital Partners has acquired Hulcher Services, a provider of rail infrastructure and maintenance services. Hulcher Services is the company railroads call when a train comes off the track. Hulcher keeps crews and heavy equipment positioned at ...
Read More Braemont Partners with Thought Logic as Renovus Exits
Braemont Capital has agreed to acquire Thought Logic, a consultancy that helps large companies carry out complex technology, data, and artificial-intelligence overhauls, from Renovus Capital Partners. Thought Logic helps Fortune 500 and other large enterprises actually complete ...
Read More 
Generation Partners Pushes Captivate’s Buttons
National CineMedia has agreed to acquire Captivate, a video-advertising network that operates screens in the elevators and lobbies of office and residential buildings, from Generation Partners at an enterprise value of $275 million. Captivate operates a network of digital video screens installed in the elevators and lobbies of commercial office towers and residential ...
Read More New Heritage Backs Locomotive Parts Maker PowerRail
New Heritage Capital has made an investment in PowerRail, a manufacturer and distributor of aftermarket parts and remanufacturing services for locomotives. PowerRail supplies the replacement parts and rebuilt components that ...
Read More Alro Steel Finds a Long-Term Partner in Lindsay Goldberg
Lindsay Goldberg has acquired a majority interest in Alro Steel, a family-owned distributor of metals and plastics, marking the first institutional investment in the business since the Glick family founded ...
Read More