Know What's Happening in Private Equity
Know What's Happening in Private Equity
Sunway Group launches $2.7B bid to acquire IJM
Sunway Group has offered a cash‑and‑share proposal worth roughly $2.7 billion to buy builder IJM. The offer values each IJM share at RM3.15, with 10% paid in cash and the remainder in newly issued Sunway shares. Major shareholders including the Employees Provident Fund and Permodalan Nasional Berhad, together holding about 33% of IJM, have so far rejected the bid.
At the NEXUS 2026 conference, private‑equity executives highlighted that a slowdown in exits and tighter returns are straining the traditional LP‑GP relationship. Mike Lazorik of Texas TRS warned that alignment “has never been more complicated” as limited partners push for greater downside protection. The panel noted that exit activity has fallen roughly 30% year‑over‑year, compressing internal rates of return and prompting GPs to rethink fee structures and co‑investment offerings. These dynamics could reshape fundraising cycles and valuation expectations in the broader private‑equity market.
Bruin Capital announced the hiring of Adam Hasiba as its first Managing Director, tasking him with expanding the firm’s sports, media and fan‑engagement platform. Hasiba leaves consumer‑focused private‑equity giant L Catterton after more than a decade, bringing deep experience scaling media‑centric...
Direct secondaries are emerging as a leading exit strategy for private‑equity portfolios, prompting a reassessment of how these assets are valued. Subu Parmeswaran of Valuation Research Corporation highlights that traditional static models no longer capture the nuanced risk‑adjusted returns of these...
Vic Keller on Warren Buffett and Berkshire Hathaway acquiring three of his companies, and what he looked at in his companies: "Mr. Buffett acquired businesses that I was fortunate enough to be part of founding. I don't think anybody sells a...
Gemspring has sold its stake in the cybersecurity startup Security 101 to Morgan Stanley. Gemspring originally invested in Security 101 in 2021, and the transaction marks its exit from the venture. The acquisition gives Morgan Stanley full ownership of the...
Chair of Bain’s global private equity practice, Hugh MacArthur, says the growing ability for 401(k) participants to invest in private equity marks a major inflection point for the alternatives industry. He argues that retail access will set a new performance...
Meridiam has closed its latest infrastructure fund with €2.2 billion of commitments, extending its exposure to long‑hold European assets. The capital raise reached final close this week, adding to the firm’s growing pool of long‑term infrastructure capital. The new vehicle will...
I hadn't realized that $OWL came public via SPAC. It's now right back to its original price. Turns out it was all priced in. EMH undefeated https://t.co/Q6eyG9hYLM
GIC has emerged as the lead buyer for Meridiam’s continuation vehicle (CV) valued at over €2 billion. The CV aggregates a portfolio of 22 infrastructure assets currently held in Meridiam’s legacy funds. By acquiring the majority stake, GIC positions itself at...
The PEI Group launched its NEXUS 2026 summit with a high‑profile speaker roster. Thoma Bravo’s Holden Spaht joined Anastasia Titarchuk of New York State’s Common Retirement Fund and 26North’s Josh Harris on the opening panel. The event gathers private‑equity leaders,...
A perfect weekend for George R. Roberts, the co-founder of KKR. > Sit by the pool > Read annual reports > Look for deals in the high-debt world https://t.co/MfCdQn4Ba1
Blackstone Strategic Partners is spearheading EQT’s new evergreen continuation vehicle aimed at EdgeConnex, an Australian data‑centre operator. The fund is projected to close at roughly $2 billion, with provisions to expand as additional assets become available. By using an evergreen structure,...
Brookfield-backed Rockpoint Gas Storage completed a secondary offering, selling 16.4 million shares at C$28 per share. The transaction generated approximately C$459 million in gross proceeds, including shares issued under an over‑allotment option. The capital raise bolsters the company’s balance sheet and funds...
At the PEI Group’s NEXUS 2026 conference, 26North veteran Josh Harris warned that blending unaccredited retail investors with traditional wealth capital in private‑market vehicles creates a regulatory mismatch. He argued that differing oversight levels could spark investor backlash and damage the...
Corporate Risk Practices Are Not Applied to Small Business. Large institutions protect cash flow with layered security—collateral, personal guarantees, and cash flow analysis. Most entrepreneurs don’t think this way. The Business Fortress: https://t.co/cgIOurdGHq https://t.co/t6gGZlE72H
CampusWorks, a Sarasota‑based higher‑education consulting firm backed by private equity firm ASC, announced its merger with Dynamic Campus, a complementary college consulting provider. The combined entity will pool expertise in enrollment management, student success, and operational efficiency to serve a...
Capital Constellation announced a strategic partnership with Gallatin Point Capital to co‑invest in lower‑middle‑market companies across North America. The alliance combines Capital Constellation’s deep sector expertise with Gallatin Point’s operational platform and capital resources. Both firms will jointly source, evaluate,...
CapitalSpring, a sector‑focused private equity firm, recently completed a $1 billion‑plus exit of its Sizzling Platter portfolio to Bain Capital. Over two decades, the firm has deployed $4 billion across more than 300 investments, primarily in multi‑location foodservice and consumer brands. It...
Three shareholder‑proponent lawsuits have been filed this week, marking the first challenges under the SEC’s revised Rule 14a‑8 no‑action letter process for 2026. The cases target AT&T’s exclusion of an EEO‑1 diversity disclosure, Axon’s exclusion of a political‑spending proposal, and...
The Women Governance Trailblazers podcast released a 31‑minute interview with Jen Sisson, CEO of the International Corporate Governance Network (ICGN). The conversation covered ICGN’s mission, its member base, and current initiatives, as well as the challenge of aligning global governance...
Law firm Honigman has added Alexander Moss and Injune Park as partners to its Private Equity Practice in Chicago, marking the seventh and eighth partner hires this year, both coming from Benesch. The duo brings extensive middle‑market private‑equity experience, covering...
Shareholder activists increasingly target CEO turnover as a catalyst for change, with 18% of U.S. campaigns launched after a CEO change—a 38% rise over the four‑year average. 2025 saw a record 32 activist‑driven CEO resignations, a 60% increase, including 16%...
Secondaries Investor’s 2024 deal log shows 85 continuation vehicles closed, while an additional 40 vehicles are either launching or under review. Continuation vehicles, which allow private‑equity funds to extend ownership of select assets, remain a dominant tool for managing liquidity....
ClearThink 1 Acquisition Corp. priced its $125 million initial public offering on February 24, 2026, with units slated to trade on Nasdaq under the ticker CTAAU. The SPAC is focused on merging with a financial‑services company operating in the United States and...
Senwell Senior Investment Advisors completed a multi‑party realignment of more than 280 skilled‑nursing beds across Ohio, moving capacity from overbedded counties to operators targeting high‑demand markets. The transaction involved 12 unnamed sellers and multiple buyers seeking growth or new facility...
Gridiron Capital has elevated Scott Harrison to Managing Partner and Chief Operating Officer, expanding its senior leadership team. Harrison, who blends investment acumen with operational expertise, now sits alongside founders Tom Burger and Kevin Jackson. The promotion comes as the...
Josh Harris, founder of 26North, told PEI Group’s NEXUS conference that the firm is targeting the mid‑market segment as the sweet spot for private credit. He noted that even though the credit cycle is in its later stages, a pronounced...
Peax XV, the former Sequoia Capital India unit, announced a $1.3 billion raise across three newly launched funds. The capital is allocated to a seed‑stage vehicle, a growth‑stage fund, and a later‑stage continuation fund, enabling the firm to support startups throughout...
The Burnt-Down Pizzeria — And the Franchise Wake-Up Call. When the “franchise family” reveals what the relationship really is. https://t.co/1YT6sJkFQQ #SmallBusiness & Deal Making #SMB https://t.co/dvveSMhfU0
Evercore has appointed a senior executive from Adams Street Partners to lead its Asia‑Pacific secondary market advisory team. The move comes after the exit of Shane Gong, who had headed Evercore’s APAC private‑capital advisory unit until January 2025. The new...
According to Lazard’s latest report, mid‑market private‑equity sponsors will run the majority of continuation vehicles (CVs) by 2025, with assets under management equivalent to at least 50 % of the most recent flagship CVs. Sponsors are increasingly using larger CVs to...
Private market leaders are gathering at Nexus 2026, the flagship conference spotlighting emerging trends in venture debt. MSCI’s latest data shows a slowdown in venture debt performance, with rising default rates and lower returns compared to previous years. Meanwhile, LBP...
Quinbrook Partners is weighing a minority‑stake sale to bring in strategic capital, aiming to accelerate its infrastructure expansion. Meanwhile, CVC’s Direct Investment Fund closed a €3.5 billion double‑fundraise, reflecting strong investor appetite for long‑dated, inflation‑linked assets. Macquarie Capital announced two sizable...
A recent Cleary memo highlights a surge in convertible‑note issuances driven by the AI boom, with private‑placement (PIPE) and pre‑IPO converts adopting highly customized terms. Features now include governance and consent rights, guarantees, financial covenants, prepayment provisions, anti‑dilution ratchets, equity...
Prime Capital, a European infrastructure‑debt specialist, announced it will lower the fundraising target for its debut infra‑debt fund. The manager also extended the fundraising window by roughly six months to tap renewed investor appetite for infrastructure assets. The revised target...
Bain’s latest survey finds that 40% of private‑equity general partners plan to evaluate a continuation vehicle (CV) within the next two years. More than half of those respondents say the primary motivation is to return capital to existing limited partners....
Recent AI upgrades, notably Anthropic’s Claude Co‑worker agent, are unsettling SaaS valuations and complicating IPO plans for many software firms. The devaluation of SaaS‑related loans is eroding the collateral base of collateralised loan obligations, with similar pressures hitting chemical‑sector loans....
Morgan Stanley announced that its global head of the Principal Capital Allocation (PCA) group has departed the firm. The bank confirmed the PCA unit will continue operating without interruption, but a successor has not yet been named. The move follows...
GF Data’s senior leaders Ruben Burke and Ryan McCann joined the Inside DealMAX podcast to discuss how the Las Vegas conference is reshaping engagement between data providers and middle‑market dealmakers. They previewed GF Data’s Q4 2025 findings, highlighting a 30%...
The National Council for Infrastructure and Assets (NCIA) is signaling a strategic push to expand its private infrastructure holdings, with allocations projected to reach between $8 billion and $10 billion. This represents a sizable portion of the council’s overall investment portfolio and...
Meridiam has closed a continuation vehicle (CV) fund that raised more than €2 billion to acquire a portfolio of 22 European infrastructure assets. The assets span highways, high‑speed rail, hospitals, university accommodation and a range of low‑carbon solutions. The fund provides...
Evercore’s global head of private capital advisory, Nigel Dawn, outlined the outlook for secondary market activity through 2026 in the latest Secondaries Investor podcast. He highlighted accelerating capitalisation, driven by heightened LP liquidity demands and a surge in GP‑led transactions....
Blue Owl Capital secured four buyers for a $1.4 billion private‑loan portfolio to meet a looming cash‑return deadline in one of its credit funds. The purchasers include three of North America’s largest pension funds and Blue Owl’s own insurer, Kuvare. The...
The Ninth Circuit in Const. Laborers Pension Trust v. Funko held that forward‑looking risk disclosures can lose the PSLRA safe‑harbor when they are framed as present‑state misrepresentations. The panel reasoned that an alleged omission about current inventory failures turns the...
Houlihan Lokey data shows Delaware’s share of IPO incorporations dropped from over 80% (2022‑2024) to just under 62% in 2025, while Nevada rose to nearly 17% and Texas to about 4%. The shift reflects a modest migration of companies to alternative...
