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 ...
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, ...
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The Sweet Smell of Success: Boyne Acquires YZY Fragrances
Boyne Capital has acquired YZY Fragrances, a branded fragrance company focused on perfumes, colognes, and body mists. YZY Fragrances designs, formulates, manufactures, and distributes fragrance products sold under brands including Territoire, Acqua di Parisis, and Insurrection. YZY’s products are sold through retail, wholesale, and distribution channels and are designed to ...
Read More Quad-C Acquires Thibaut from Norwest
Quad-C Management has acquired Thibaut, a designer and distributor of wallcoverings, fabrics, rugs, and furniture, from Norwest Equity Partners. Thibaut’s products are used by interior designers, hospitality groups, and residential customers for home renovation, commercial design, and luxury furnishing projects. Its offerings, sold through interior design and trade channels, include ...
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Long Lake Takes Global Business Travel Group Private
Publicly traded Global Business Travel Group, which operates American Express Global Business Travel, has agreed to be acquired by Long Lake Management in an all-cash transaction valued at $6.3 billion. Co-investing in the transaction is Koch Equity Development. Global Business Travel Group (NYSE: GBTG) provides software and services, both digital ...
Read More O2 Loves H2O
O2 Investment Partners has acquired Steffl Drilling & Pump, a provider of water well drilling and repair services, in partnership with the founding Steffl family. Steffl Drilling & Pump installs new wells and performs maintenance, replacement, and repair work for municipal, agricultural, commercial, and residential customers. The company also provides ...
Read More Where’s the Beef? Just Ask Falfurrias
Falfurrias Management Partners has made an investment in Young American Food Brands, a family-founded protein products business formerly known as Miami Beef, from Trivest Partners. Young American produces fresh and frozen meat products, including ground beef, patties, hot dogs, sausages and smoked whole muscle products such as prime rib, brisket ...
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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 ...
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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 Claude, Open the Pod Bay Doors
Anthropic, Blackstone, Hellman & Friedman and Goldman Sachs have formed a new AI services company to deploy Anthropic’s Claude platform across corporate operations. The new AI services firm (AIS) is backed by investors including General Atlantic, Leonard Green & Partners, Apollo Global Management, GIC and Sequoia Capital. Total committed capital ...
Read More Greenleaf Capital Launches Centered Partners
Greenleaf Capital Partners has formed Centered Partners, a firm providing M&A, capital markets, insurance brokerage, and commercial real estate services to middle-market clients. Centered Partners, headquartered in St. Louis, has specific expertise in HVAC and residential services, manufacturing and distribution, construction and specialty trades, and financial services. Clients include business ...
Read More 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 ...
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 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 Claude, Open the Pod Bay Doors
Anthropic, Blackstone, Hellman & Friedman and Goldman Sachs have formed a new AI services company to deploy Anthropic’s Claude platform across corporate operations. The new AI services firm (AIS) is backed by investors including General Atlantic, Leonard Green & Partners, Apollo Global Management, GIC and Sequoia Capital. Total committed capital ...
Read More Trinity Hunt Exits IMS Legal Following Acquisition-Led Expansion
Trinity Hunt Partners has sold IMS Legal Strategies, a provider of litigation support services, to Uplift Investors. IMS Legal’s services include expert witness search and placement, litigation consulting, jury consulting, trial graphics and presentation technologies. Trinity Hunt acquired a majority interest in IMS ExpertServices (now IMS Legal Strategies) in November 2017 and, in partnership with management, executed a multi-year build-out of a comprehensive litigation services platform through 14 acquisitions. The firm expanded core capabilities across trial consulting, jury research, visual communications, and expert witness sourcing. Notable additions included The Focal Point and Z-Axis in trial graphics ...
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 Vasco Expands Sports Surfaces Platform
The Vasco Group, a sports surfaces company and a portfolio company of Monogram Capital and Halmos Capital since April 2025, has acquired Howard B. Jones & Son and Court Surfaces of Florida. The Vasco Group is a provider of sports surfacing services, including construction, resurfacing and maintenance of athletic fields and courts used by K–12 schools, universities, municipalities, homeowner associations and professional athletic organizations. The company’s capabilities include asphalt and synthetic turf surfacing, track and ...
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Nomad Finds a Home at Urban Armor Gear
Urban Armor Gear, a portfolio company of HKW since August 2018, has acquired Nomad Goods, a designer and manufacturer of smartphone and smartwatch accessories. Nomad’s products include charging cables, wireless chargers and protective cases, including Base Station wireless charging hubs used to power multiple devices simultaneously; Horween leather iPhone cases; and Sport Bands for smartwatches. The company’s products are sold primarily through a direct-to-consumer channel via the company’s website, alongside selective wholesale distribution. Nomad, founded ...
Read More Quantum Containment Closes Fifth Buy
Pelican Energy Partners has acquired Environmental Alternatives, a provider of environmental remediation and nuclear decontamination services. Environmental Alternatives (EAI) performs site assessment and remediation work, manages hazardous waste and conducts nuclear decontamination. The company’s services are used in projects involving both radioactive and hazardous materials, from industrial site cleanups to nuclear facility maintenance and decommissioning. The company is headquartered 90 miles northwest of Boston in Swanzey, New Hampshire. The buy of EAI is Pelican’s most ...
Read More New Water’s Gravis Heads West with Canadian Buy
Gravis, a portfolio company of New Water Capital, has acquired Western Packaging Solutions. Western Packaging operates as a distributor of packaging products, including standard and custom-formatted flexible bulk containers, container liners, woven polypropylene products and industrial bags. The company’s products are used across a range of end markets, including industrial and commercial sectors. Western Packaging is headquartered near Montreal in Kirkland, Quebec. Gravis is a maker of large-volume packaging products, including flexible bulk containers, bulk ...
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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 ...
Read More Where’s the Beef? Just Ask Falfurrias
Falfurrias Management Partners has made an investment in Young American Food Brands, a family-founded protein products business formerly known as Miami Beef, from Trivest Partners. Young American produces fresh and frozen meat products, including ground beef, patties, hot dogs, sausages and smoked whole muscle products such as prime rib, brisket ...
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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, ...
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 capabilities support equipment used in grinding, separation, ...
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 ...
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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 on distribution lines, high-voltage transmission systems, and substations. The Birmingham, Alabama-based company also performs lighting and ...
Read More 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 ...
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 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…