Align Closes Two Funds at Hard Cap, Raising More Than $1.1 Billion
Align Capital Partners has closed its fourth private equity fund and its second independent-sponsor-focused fund simultaneously, raising a combined total of more than $1.1 billion. Align Capital Partners Fund IV LP closed at its hard cap with $770 million in commitments, while Align Collaborate Fund II LP closed at its hard cap with $375 million in commitments. The firm began fundraising for both funds in April 2026 and held a final close on June 15. ...
Read More 5th Century Beats Fund II Target
Chicago-based 5th Century Partners announced the final close of its second fund, 5th Century Partners Fund II LP, with $276 million in total capital commitments. Fund II closed above target and is nearly twice the size of the firm’s first fund. 5th Century Partners invests in lower middle-market healthcare and business services companies. The firm focuses on founder-owned and operated businesses and often provides first-time institutional capital. Limited partners in Fund II include both new ...
Read More THL Closes Flagship Fund X
THL Partners has closed its latest flagship fund, THL Equity Fund X LP, with $6.35 billion in capital. Limited partners in the new fund include a mix of existing and new investors, including public and corporate pension funds, sovereign wealth funds, financial institutions, and family offices across North America, Latin America, Europe, Asia, Australia, and the Middle East. With the close of Fund X, Boston-based THL has now raised over $50 billion of equity capital ...
Read More Boyne Wraps Fund III After 90-Day Raise
Boyne Capital has held the first and final close of BCM Fund III LP (Fund III) at its hard cap, with $355 million in limited partner commitments. Total commitments to Fund III, and its parallel funds, including Boyne general partner group commitments, exceeded $400 million. Fund III exceeded its $275 million target and closed just 90 days after launch. Limited partners in Fund III include family offices, fund-of-funds, foundations, endowments and high-net-worth individuals. Derek McDowell ...
Read More Achieve Partners Closes $450 Million Workforce Fund II
Achieve Partners has closed Achieve Partners Workforce II LP (Fund II) with $450 million of capital. Limited partners in the new fund include Cambridge Associates, J.P. Morgan Asset Management, Prudential, Ingka Investments and ZOMA Capital. Achieve Partners uses buyout capital to acquire tech and healthcare services businesses in sectors with acute talent shortages, then builds apprenticeship programs inside those companies so they can create their own skilled workers and scale. Achieve plans to invest the ...
Read More Dominus Surpasses Target in $640 Million Fund IV Close
Dominus Capital has closed its fourth fund, Dominus Capital Partners IV LP, with more than $640 million in capital. The new fund exceeded its $500 million target and closed at its hard cap. Limited partners in Fund IV include insurance companies, pension funds, asset managers, advisors, consultants, family offices, and high net worth individuals from 16 countries. North American investors accounted for 52% of total commitments, with the balance coming from international investors. With the ...
Read More Court Square Raises $3.8 Billion
Court Square Capital Partners has held an above-target close of its fifth fund, Court Square Capital Partners Fund V LP (Fund V), with $3.8 billion in capital commitments. Fund V is the largest fund the firm has ever raised, and the general partner is its largest investor. Limited partners in Fund V include more than 40 new investors, including pensions, asset managers, insurers, and family offices, from more than 20 countries. Chris Bloise “We are ...
Read More Leeds Equity Closes Oversubscribed Fund VIII
Leeds Equity Partners has held an above target close of Leeds Equity Partners VIII LP (Fund VIII), with total capital commitments of $1.9 billion. Fund VIII is more than $500 million larger than Leeds Equity Partners VII LP, which closed in late 2021 with over $1.4 billion of capital commitments. New York City-based Leeds Equity makes control investments in the education, training, and information services industries. The firm was founded in 1993 and has raised ...
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Century-Old Meaden & Moore Takes on First Institutional Investor
Meaden & Moore, a Cleveland-based forensic and accounting firm, has taken on its first institutional investor with Unity Partners completing a growth investment in the company's advisory business. Meaden & Moore operates through two core practices. Its forensic accounting group serves insurance and legal clients with loss accounting, economic damages ...
Read More Sentinel Takes the Cake
Sentinel Capital Partners has acquired DecoPac, a supplier of cake decorating products and technology, from Kohlberg, marking the company's second sale by a private equity owner over the past five years. DecoPac supplies cake decorating products to bakeries, foodservice operators, and do-it-yourself decorators across the United States, Canada, and the ...
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Avance Executes on Infrastructure Platform
Avance Investment Management has made an investment in Lexxel, an infrastructure repair and maintenance platform, in partnership with the company’s founders Peter Tortorella and Michael Codi. Lexxel repairs, restores, and maintains aging infrastructure and utility assets across New York and the broader Northeastern United States. The company operates as a ...
Read More Incline Acquires West Physics from LNC
Incline Equity Partners has acquired a majority equity interest in West Physics, a provider of medical and health physics testing and consulting services. LNC Partners, which acquired West Physics in May 2018, is retaining a minority position in the company in partnership with Incline. West Physics tests and certifies medical ...
Read More LightBay Backs Centre Technologies
LightBay Capital has made an investment in Centre Technologies, a provider of outsourced IT services. Centre Technologies services portfolio spans managed IT, cloud computing, cybersecurity, business intelligence, and IT consulting. On the cloud side, Centre manages Microsoft Azure and Amazon Web Services deployments, private cloud hosting, and virtual desktop infrastructure. ...
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Bull Moose Tube to Acquire Hanna Steel in Third U.S. Manufacturing Expansion
Bull Moose Tube Company has agreed to acquire Hanna Steel, a producer of structural and mechanical steel tubing with facilities in Alabama and Illinois. Most industrial buy-and-build strategies come with a clock. This one does not. More than fifty years ago, Lord Swraj Paul founded a steel tube business in ...
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Would You Let AI Buy a Company? Most Dealmakers Say No
Artificial intelligence has moved from experimentation to infrastructure in M&A. Dealmakers are increasingly relying on AI to source opportunities, analyze targets, and identify risks, but when it comes time to sign a deal, they still want a human holding the pen. That tension sits at the center of The New ...
Read More Secondary Market Volume Surges 42% to $220 Billion
The global secondary market reached $220 billion in transaction volume in 2025, a 42% increase over 2024, with respondents to William Blair’s annual secondary market survey projecting volume will rise to $250 billion in 2026, according to the firm’s 2026 Secondary Market Report released March 26. The survey drew 60 ...
Read More Configure Expands Into GP-Led Secondaries
Configure Partners has launched a new Private Capital Advisory practice to advise private equity firms and private credit managers on GP-led secondary transactions and other liquidity options. Configure’s existing services include middle-market debt placement, recapitalizations, M&A financings, and credit restructurings across nine industry verticals, including industrial and distribution, power and ...
Read More Beyond EBITDA: Talent Diligence as a Core Driver of Value
Private equity firms have spent decades proving they can create value through financial discipline and operating rigor. However, in a market where value creation plans are increasingly demanding and hold periods can be disrupted by avoidable talent mistakes, talent strategy deserves the same level of attention as pricing, procurement, and ...
Read More Valuations Climb Across Midmarket Deals Despite Slower Activity
Middle-market private deal multiples expanded over the trailing twelve months across the $10 million to $500 million range, according to data from PowerComps, a dataset maintained by TagniFi. Median total enterprise value-to-EBITDA multiples increased to 9.2x for the trailing twelve-month period ended March 31, 2026, up from 8.4x in 2024. ...
Read More Would You Let AI Buy a Company? Most Dealmakers Say No
Artificial intelligence has moved from experimentation to infrastructure in M&A. Dealmakers are increasingly relying on AI to source opportunities, analyze targets, and identify risks, but when it comes time to sign a deal, they still want a human holding the pen. That tension sits at the center of The New ...
Read More Secondary Market Volume Surges 42% to $220 Billion
The global secondary market reached $220 billion in transaction volume in 2025, a 42% increase over 2024, with respondents to William Blair’s annual secondary market survey projecting volume will rise to $250 billion in 2026, according to the firm’s 2026 Secondary Market Report released March 26. The survey drew 60 ...
Read More Edgewater Stays Busy, Exiting Iten Defense and Buying Well Master
Edgewater Capital Partners has been very active with the just announced sale of Iten Defense to NP Aerospace and the acquisition of Well Master, a manufacturer of plunger lift systems used by oil and gas producers. Iten Defense manufactures composite armor products used across four application categories: personal protective equipment, fixed and rotary-wing aircraft, tactical vehicles, and maritime vessels. The company's products utilize a range of inputs including woven and unidirectional fabric, fiberglass, para- and meta-aramid fibers, carbon, aluminum, steel, and thermoplastic and thermoset resins.In addition to its armor products, Iten provides a range of technical ...
Read More Sentinel Sells NSI Industries to Hubbell for $3 Billion
Sentinel Capital Partners has completed the sale of NSI Industries, a provider of branded electrical and HVAC components, to publicly traded Hubbell Incorporated for $3 billion in cash. The purchase price of $3 billion represents 15.5x NSI’s estimated 2026 adjusted EBITDA. NSI offers more than 15,000 SKUs, including Polaris insulated connectors, Bridgeport brand conduit fittings, and TORK lighting controls such as timers, photocontrols, and occupancy sensors - products used primarily by electrical contractors across industrial, infrastructure, and commercial applications with particular exposure to digital infrastructure and electrification applications like power utilities and data centers. NSI sells ...
Read More Arlington Exits Riverpoint in $1.2 Billion Sale to Novanta
Arlington Capital Partners (ACP) has completed the sale of Riverpoint Medical to Novanta, a publicly traded technology supplier to medical and industrial OEMs, ending a seven-year partnership between ACP and Riverpoint. Novanta will acquire all outstanding equity interests of the parent company of Riverpoint through a $1.2 billion cash payment at closing and an additional payment of up to $250 million in the first quarter of 2027 based on Riverpoint achieving certain operating milestones. According to Novanta, the upfront purchase price of $1.2 billion is 19x Riverpoint’s estimated 2026 Adjusted EBITDA (excluding synergies) of $63 million, ...
Read More Kanawha Tips the Scale with Strack Acquisition
Kanawha Scales & Systems, a provider of industrial scale calibration and repair services and a portfolio company of Investcorp, has acquired Strack Scale Service. Strack Scale calibrates, installs, and maintains industrial weighing equipment, serving manufacturers and industrial operators across the Ohio, Kentucky, and Indiana tri-state region. The company’s work spans a range of industries, built around on-site inspection, testing, and preventative maintenance programs that include support for International Organization for Standardization (ISO) audit requirements. Source: ...
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Audax Continues Build of Belmont Medical Technologies
Belmont Medical Technologies, a portfolio company of Audax Private Equity, has acquired Arcos, a developer of clinical software for burn and trauma resuscitation. Belmont Medical develops fluid management and patient temperature management systems used in trauma, surgery, military medicine, and other critical-care settings. The company's flagship product is the Belmont Rapid Infuser RI-2, a system designed to rapidly deliver warmed blood and fluids to patients experiencing severe blood loss. Using electromagnetic induction heating technology, the ...
Read More J.F. Lehman’s Forged Solutions Acquires Custom Alloy
Forged Solutions Group, a J.F. Lehman & Company portfolio company and provider of high-specification forgings used in the aerospace, defense, and space markets, has acquired Custom Alloy Corporation. Custom Alloy was acquired by Trident Maritime Systems, a J.F. Lehman portfolio company, through a bankruptcy process in 2023. The new transaction effectively realigns the business within J.F. Lehman's portfolio following the firm's acquisition of Forged Solutions Group from Arlington Capital Partners in March 2026. Forged Solutions ...
Read More Arcline’s Arxis Closes $890 Million Dual Buy
Arxis, a portfolio company of Arcline Investment Management, has expanded through the acquisitions of Omnetics Connector and MagCanica. The combined purchase price for both companies is approximately $890 million, representing 12 times the estimated FY 2027 adjusted EBITDA of Omnetics and MagCanica. Omnetics designs and manufactures micro-miniature and nano-miniature connectors and interconnect systems used in aerospace, defense, space, medical, and industrial applications. The company's Nano-D-Sub and Micro-D-Sub connectors — compact, high-density interconnect devices built to ...
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L Squared Hard Caps $2 Billion Fifth Fund
L Squared Capital Partners has closed its fifth private equity fund, L Squared Capital Partners V LP, at its $2 billion hard cap. Fund V was significantly oversubscribed and more than doubles the size of the firm’s fourth fund which closed in November 2023 with $840 million in capital. L ...
Read More LightBay Backs Centre Technologies
LightBay Capital has made an investment in Centre Technologies, a provider of outsourced IT services. Centre Technologies services portfolio spans managed IT, cloud computing, cybersecurity, business intelligence, and IT consulting. On the cloud side, Centre manages Microsoft Azure and Amazon Web Services deployments, private cloud hosting, and virtual desktop infrastructure. ...
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Got Any Quarters? Periscope Invests in Amusement Connect
Periscope Equity has made an investment in Amusement Connect, a Kansas City-headquartered cashless payment platform used in the amusement and family entertainment industry. Amusement Connect designs, manufactures, and supports cashless card systems used by operators of arcades, family entertainment centers (FECs), bowling centers, skating rinks, bar-cades, and restaurants. The company's core product pairs RFID (radio-frequency identification) game card readers and self-service kiosks with a cloud-native software suite ...
Read More Kingswood and Seneca Exit Lind Marine
Kingswood Capital Management and co-investor Seneca Partners have sold Lind Marine, a provider of marine services, to Tallvine Partners. Lind Marine provides dredging, shipyard, salvage, marine environmental remediation, tug and barge services, and bareboat charters of vessels ...
Read More LongueVue and Swaney Group Club Up on Apex Dental Buy
LongueVue Capital (LVC), in partnership with Swaney Group Capital (SGC), has acquired Apex Dental Laboratory Group. Apex operates a network of 16 dental laboratories across 12 states, employing approximately 400 people. The company's services span the full ...
Read More GI Partners Acquires Facilities Manager HES
GI Partners has closed a majority investment in HES Facilities Management (HES), a Tennessee-based provider of janitorial, facilities management, and groundskeeping services to K-12 school districts and other higher education institutions across the United States, and a ...
Read More Scholl’s Moves into Performance Athletics with Purchase of VKTRY
Scholl's Wellness Company, the Yellow Wood Partners portfolio company that operates the Dr. Scholl's brand, has acquired VKTRY Gear, a maker of aerospace-grade carbon fiber performance insoles. VKTRY Gear makes full-length carbon fiber insoles engineered to improve ...
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Arsenal Takes Majority Stake in Velcro, Acquires Interest in the iconic Hook-and-Loop Brand From Cripps Foundation
Arsenal Capital Partners has agreed to acquire a majority stake in Velcro Companies, the New Hampshire-based owner of the VELCRO brand and the original inventor of hook-and-loop fastening technology, from the Cripps Foundation. The Cripps Foundation will continue as a significant minority shareholder. Velcro Companies is the global developer and manufacturer of the ...
Read More Boyne Wraps Fund III After 90-Day Raise
Boyne Capital has held the first and final close of BCM Fund III LP (Fund III) at its hard cap, with $355 million in limited partner commitments. Total commitments to ...
Read More Radial Equity Acquires Thomas Precision Machining
Radial Equity Partners has acquired Thomas Precision Machining (TPM), a provider of replacement parts, service and equipment used in the protein and food processing industries. TPM's machining, fabrication, and service ...
Read More Kainos Names Cate Mason as New Investor Relations Director
Kainos focuses on investments across the food and everyday essentials sectors. Kainos Capital has promoted Cate Mason to director of investor relations. Ms. Mason previously served as a senior associate at the Dallas-based private equity…
Angeles Equity Hires Derek Rush for Industrials Investing Role
Angeles Equity Partners has added Derek Rush to its investment team as a vice president. In his new position he will focus on evaluating, executing and managing investments across the industrials sector. “We are thrilled…
New Partner at PPM
PPM America Capital Partners (PPMACP), the private equity arm of PPM America, has promoted Tiffany Luna to partner. In her expanded role, Ms. Luna will continue sourcing, evaluating, and executing private equity investments, while also…
ATL Partners Names Bob Biesterfeld Senior Operating Executive
ATL Partners has named Bob Biesterfeld a senior operating executive. He will work with the firm’s investment professionals and portfolio company management teams to support strategic and operational initiatives across its focus sectors of commercial…
At ATL Partners, Two Investors Rise and an Operator Steps Up
ATL Partners has promoted three professionals across its investment and operating teams, elevating Josh Raj and Daniel Wu to vice president from senior associate and naming Lauren DiBartolomeo chief operating officer from chief administrative officer….
Bertram Promotes Four to Managing Director
Bertram Capital has promoted four of its professionals on its investment and origination teams — Sean Houseworth, Aaron Kessler, Matt Jones and Paul Koeniger — to managing director. Mr. Houseworth has been with Bertram’s business…
Patrick Fairfield Promoted at DFW
DFW Capital Partners has promoted Patrick Fairfield to principal. Mr. Fairfield joined the firm as an associate in 2017 and advanced through successive roles, working across deal execution, debt financing and portfolio oversight. In his…
Renovus Promotes Principals, VPs, and Associates Across its Investment and Finance Teams
Renovus has promoted 11 professionals across its investment and fund accounting teams, reflecting continued internal advancement at the firm. The promotions span senior investment roles through accounting functions.In the investment group at Renovus, the promotions…