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 ...
Read More 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 Squared’s third fund closed in September 2020 with $505 million of capital. Limited partners in Fund V include state pension funds, family offices, insurance companies, ...
Read More Lucky Number 7: Lead Edge Closes on $3.5 billion
Lead Edge Capital has closed its seventh fund with $3.5 billion in oversubscribed commitments. Fund VII is the largest fund the firm has ever raised and brings its total capital raised since founding to more than $9 billion. Lead Edge Capital makes both control and minority investments of $50 million to $400 million in equity in growth-stage software, internet, and technology-enabled businesses located in North America and Europe. Many of the firm’s target companies have ...
Read More Truelink Closes $2 Billion Fund II in Rapid Three-Month Raise
Truelink Capital has held a first and final closing of Truelink Capital Fund II LP with $2.0 billion in capital commitments, exceeding its $1.5 billion target and reaching its hard cap in less than three months. Truelink’s first fund, Truelink Capital I LP, closed with $950 million in total capital in July 2024. Truelink is headquartered in Los Angeles and invests in business services and industrials companies with EBITDA ranging from $20 million to $75 ...
Read More Mangrove Equity Partners Closes $250 Million Fund IV at Hard Cap
Mangrove Equity Partners has held a final, oversubscribed, and hard cap close of Mangrove Investors IV LP (Fund IV) with $250 million of capital. Limited partners in the new fund include a mix of institutional investors in the United States and Europe, including university and nonprofit endowments, funds of funds, family offices, pension plans, advisory firms, and former portfolio partners. Members of the Mangrove team also made personal commitments to invest alongside the fund. Mark ...
Read More Ascend Rises with Close of New Fund
Ascend Capital Partners has held a final, above-target, and oversubscribed close of Ascend Capital Partners Fund II LP with $791 million in total capital commitments. Ascend’s original target for Fund II was $700 million. Ascend is an investor in growth-oriented, patient-focused healthcare services companies. The New York City-headquartered firm was founded in 2019 by In Seon Hwang, formerly the global head of healthcare at Warburg Pincus, and Dr. Richard Park, founder and former chief executive ...
Read More Soundcore Closes Fund III Above Target at $450 Million
Soundcore Capital Partners has closed Soundcore Capital Partners Fund III LP with $450 million in capital commitments, exceeding its self-imposed hard cap. The successful close of Fund III follows the firm’s $350 million second fund, which closed in 2018. Limited partners in the new fund — totaling more than 117 investors across 12 countries — include both existing and new insurance companies, public and corporate pension plans, endowments, foundations, single- and multi-family offices, fund-of-funds, investment ...
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CenterGate Invests in Professional Tools Manufacturer Spartaco
CenterGate Capital has acquired Spartaco Tool Group, a manufacturer of professional-grade tools used in utility, telecommunications, arborist, military and government, and industrial applications, from Platte River Equity. Spartaco Tool’s products include cable cutting and crimping tools, underground and aerial construction equipment, power ascenders, utility pole pullers, and specialty lighting systems ...
Read More Buen Trato: Apex Capital Invests in El Latino
Apex Capital has acquired El Latino Foods, a specialty food brand focused on Hispanic consumers in the United States. El Latino’s Latin American and Caribbean food products, sold through retail, foodservice, and wholesale channels, include more than 200 SKUs of refrigerated, frozen, and prepared packaged foods and pantry staples. Specific ...
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Imperial Capital Soars with New Platform Launch
Imperial Capital Group has launched Northridge Infrastructure Solutions, a newly formed platform focused on servicing utility transmission and distribution infrastructure across North America. In tandem with the launch of Northridge, the platform has closed on its first acquisition with the buy of Aerial Solutions, a North Carolina-based provider of helicopter-based ...
Read More Olympus Acquires Vesta Foodservice
Olympus Partners has acquired Vesta Foodservice, a distributor of specialty food products. Vesta Foodservice provides more than 7,500 SKUs of food products to restaurants, hotels, and institutional kitchens across the Western United States, including California, Arizona, Nevada, and Hawaii. The company’s core business is the sourcing and delivery of fresh ...
Read More X Marks the Spot: Windjammer Acquires PrecisionX
Windjammer Capital has acquired PrecisionX Group, a maker of high-precision metal components, from CORE Industrial Partners. This acquisition is the firm’s fourth investment from its $1.3 billion sixth fund. PrecisionX’s metal components include deep-drawn enclosures for satellite communication systems, progressive-stamped parts for medical devices, and CNC-machined components for aerospace engines, ...
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Why Private Markets’ AI Ambitions Are Hitting a Wall
AI will have its say in every trend and challenge on private equity’s (PE) plates in 2026: from heightened demands for transparent, precise reporting by limited partners (LPs) to a premium on creative deal structures, new bank-private lender dynamics, and a stable but uncertain exit environment. For some firms, AI ...
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Canaccord Genuity Advises Foundation Consumer Healthcare on Sale of Brands Portfolio
Foundation Consumer Healthcare, a portfolio company of Kelso & Company and Juggernaut Capital Partners, has agreed to sell a portfolio of over-the-counter consumer health brands, including Breathe Right, to publicly traded Prestige Consumer Healthcare at an enterprise value of $1.045 billion. Pittsburgh-headquartered Foundation Consumer Healthcare (FCH) develops and markets a ...
Read More Great Range Taps Ryan Moody to Lead New Platform Search
Great Range Capital has partnered with Ryan Moody, the former president and CEO of ABS Group, to lead a search for a new platform in the industrial compliance services sector. Industrial compliance service providers support businesses operating in sectors such as energy, chemicals, manufacturing and power generation, where regulatory oversight ...
Read More The AI Debate Is Missing One Thing: EBITDA
In private equity, the firms that identify the next operational playbook first usually capture the greatest value—and artificial intelligence may be the next one. Artificial intelligence is suddenly everywhere in business conversations. Operating partners are discussing it in portfolio reviews, consultants are pitching it in boardrooms, and software vendors now ...
Read More Private Equity’s Discipline Era
Bain & Company’s just published Global Private Equity Report 2026 makes clear that while deal value improved, exit activity increased, and financing markets stabilized, the industry is operating under more measured conditions than those that defined the prior decade. Fundraising remains selective, distributions are rebuilding, and capital is concentrating among ...
Read More A Tale of Two Credit Cultures: Key Differences Between the U.S. and European Private Credit Markets
Contrary to popular belief, despite rising geopolitical tensions and continued macroeconomic complexity, M&A transactions between the U.S. and European markets have continued at pace since their initial boost back in 2020. However, the gap between the U.S. and U.K./European financing markets remains as meaningful as the physical distance between the ...
Read More Canaccord Genuity Advises Foundation Consumer Healthcare on Sale of Brands Portfolio
Foundation Consumer Healthcare, a portfolio company of Kelso & Company and Juggernaut Capital Partners, has agreed to sell a portfolio of over-the-counter consumer health brands, including Breathe Right, to publicly traded Prestige Consumer Healthcare at an enterprise value of $1.045 billion. Pittsburgh-headquartered Foundation Consumer Healthcare (FCH) develops and markets a ...
Read More Great Range Taps Ryan Moody to Lead New Platform Search
Great Range Capital has partnered with Ryan Moody, the former president and CEO of ABS Group, to lead a search for a new platform in the industrial compliance services sector. Industrial compliance service providers support businesses operating in sectors such as energy, chemicals, manufacturing and power generation, where regulatory oversight ...
Read More Littlejohn Capital Sells Maysteel Industries to Steele Solutions
Littlejohn Capital has completed the sale of Maysteel Industries to Steele Solutions, a portfolio company of Revelar Capital since June 2020. Maysteel specializes in designing, engineering, and manufacturing custom sheet metal enclosures, electrical cabinets, and metal fabricated assemblies. The company’s products are used in the alternative energy, kiosk, gaming, security, medical, utility, data center, and self-serve/vending machine industries. Littlejohn acquired Maysteel, led by CEO Kevin Matkin, in April 2017 from Revolution Capital Group. In December 2017, the company completed an add-on acquisition with the purchase of DAMAC Products, a California-based manufacturer of data center infrastructure equipment; ...
Read More Paine Schwartz Exits AgBiTech Through Sale to BASF
Paine Schwartz Partners has closed the sale of AgBiTech to BASF Agricultural Solutions, a division of publicly traded BASF. AgBiTech develops and produces biological crop protection products that use naturally occurring viruses to control caterpillar pests in major row crops. Its products are used by commercial farming operations, including row crop producers and specialty crop growers, to protect crops such as soybeans, corn, and other staples, targeting specific insect pests while limiting environmental impact. The company manufactures its biological insecticides in the United States, Australia, and Brazil and distributes them across the Americas and other agricultural ...
Read More No Sweat: ORIX and Hastings Sell SWAT to OEP’s Brown & Root
ORIX Capital Partners and Hastings Equity Partners have completed the sale of Specialty Welding and Turnarounds to Brown & Root Industrial Services, a portfolio company of One Equity Partners (OEP) and KBR. Specialty Welding and Turnarounds (SWAT) provides specialty welding, heat treatment, and turnaround services for industrial facilities, particularly in refining, petrochemical, and power generation markets. The company provides specialized services such as high-precision pipe welding using automated systems, heat treatment after welding to strengthen materials, and bolting and machining work performed during scheduled plant maintenance shutdowns. SWAT is hired by oil and gas refiners; chemical ...
Read More Amlon Adds-On Again with Lion Buy
The Amlon Group, a portfolio company of Heartwood Partners, has acquired Lion Industrial Resources, a provider of industrial waste management services. Lion’s services include waste management, tank rental, bulk liquid and solid waste transportation, consulting, oil and metal recycling, cleaning services, and waste profiling and sampling. The company was founded in 2007 and is headquartered near Houston in Channelview, Texas. The Amlon Group specializes in waste-to-value processing, focusing on recycling industrial byproducts rather than disposing ...
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Amlon Adds-On Again with Lion Buy
The Amlon Group, a portfolio company of Heartwood Partners, has acquired Lion Industrial Resources, a provider of industrial waste management services. Lion’s services include waste management, tank rental, bulk liquid and solid waste transportation, consulting, oil and metal recycling, cleaning services, and waste profiling and sampling. The company was founded in 2007 and is headquartered near Houston in Channelview, Texas. The Amlon Group specializes in waste-to-value processing, focusing on recycling industrial byproducts rather than disposing ...
Read More Gryphon-Backed Mechanix Wear Buys PPE Developer OTEX
Mechanix Wear, a portfolio company of Gryphon Investors, has acquired OTEX, a manufacturer of personal protective equipment. OTEX develops safety apparel and protective equipment such as protective hoods, flame-resistant garments, and safety apparel used in industrial environments where workers are exposed to heat, airborne contaminants, or hazardous materials. Many of OTEX’s customers are active in the utilities, construction, energy, and industrial manufacturing sectors. OTEX is known for its SMARTHOOD system, which combines protective hood designs ...
Read More Technimark Adds-On with Rage Buy
Technimark, a portfolio company of Oak Hill Capital and Pritzker Private Capital, has acquired Rage Custom Plastics, a manufacturer of plastic products used in medical and consumer healthcare applications. Rage Custom Plastics manufactures injection-molded and injection blow-molded plastic components, including plastic bottles, containers, and specialized molded parts used in medical devices, pharmaceutical packaging, and consumer healthcare products. The company also provides product development services and manufacturing programs for customers seeking specialized packaging and molded components. ...
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HGGC Closes $3.2 Billion Fund V Above Target and Hard Cap
HGGC has closed its fifth flagship fund, HGGC Fund V LP, with approximately $3.2 billion in capital commitments, exceeding its $2.5 billion target and original $2.8 billion hard cap. HGGC launched the fundraising for this fund in March 2025. Limited partners in the new fund include both new and existing ...
Read More X Marks the Spot: Windjammer Acquires PrecisionX
Windjammer Capital has acquired PrecisionX Group, a maker of high-precision metal components, from CORE Industrial Partners. This acquisition is the firm’s fourth investment from its $1.3 billion sixth fund. PrecisionX’s metal components include deep-drawn enclosures for satellite communication systems, progressive-stamped parts for medical devices, and CNC-machined components for aerospace engines, ...
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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 capabilities support equipment used in grinding, separation, conveying and other processing steps used in meat processing lines, food preparation systems and other industrial production environments. Specific products of TPM include augers, shafts, rotors and custom-machined parts, and ...
Read More HKW Stays Hot with Latest Buy
HKW has acquired Watershield Industries, a manufacturer and distributor of specialized firefighting vehicles and components. Watershield was established in December 2023 as a holding company platform to consolidate a group of firefighting equipment businesses. The platform was ...
Read More WestView is All In on Newest Platform
WestView Capital Partners has made a minority growth investment in Benefits All In, a provider of employee healthcare benefit navigation and risk management services. Benefits All In (BAI) provides services that help employees and their families understand ...
Read More American Securities Sells Two to Rosebank in $3.25 Billion Transaction
American Securities has agreed to sell two of its portfolio companies, CPM Holdings and MW Components, to Rosebank Industries in a transaction valued at $3.25 billion, including $3.05 billion in cash and up to $200 million in ...
Read More BayHawk Invests in Gridco
BayHawk Capital has made an investment in Gridco in partnership with the company’s founding management team, who remain majority shareholders in the business. Gridco is a provider of maintenance, upgrade, and construction services for electric utilities, concentrating ...
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Trinity Hunt Builds HVAC Supply Platform
Averon Group, an HVAC distribution platform backed by Trinity Hunt Partners, has acquired Fenco Supply. Fenco is a family-owned distributor of HVAC equipment, parts, and supplies — used in residential and light commercial applications — to HVAC contractors, mechanical service firms, and facilities managers across Eastern Tennessee. Fenco distributes air conditioning units, gas ...
Read More MiddleGround Sells Industrial Valve Platform to CD&R’s SunSource
MiddleGround Capital has completed the sale of its portfolio company Vytl Controls Group to SunSource, a portfolio company of Clayton, Dubilier & Rice. Vytl designs, manufactures, distributes, and repairs valves, ...
Read More J.F. Lehman Builds Environmental Services Platform
J.F. Lehman & Company has acquired majority equity interests in two companies, Reclamation Technologies USA and Tradewater, and has combined them to form a new environmental services platform focused on ...
Read More 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…
HighPost Capital Promotes David Weston
West Palm Beach-headquartered HighPost Capital has promoted David Weston to senior managing director, expanding his leadership responsibilities while he continues to oversee investment sourcing and evaluation across the firm’s core consumer-focused sectors. The promotion follows Mr….