🎯Today's Private Equity Pulse
Updated 1h agoWhat's happening: Warburg Pincus backs Global Eggs with up to $1bn investment
Warburg Pincus is providing a private‑equity investment of up to $1 bn to Global Eggs, valuing the multinational egg producer at roughly $8 bn. The company operates more than 50 farms across the United States, South America and Europe and recently added Spain’s El Granjero to its portfolio.
News•Feb 20, 2026
Morgan Stanley’s PCA Chief Leaves the Bank
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 a broader wave of senior departures across major banks in 2024. Analysts will watch the appointment process for clues about the bank’s strategic direction in private‑capital markets.
By Secondaries Investor (PEI Group)
News•Feb 20, 2026
Flipping the Script: Inside DealMAX with GF Data’s Ruben Burke and Ryan McCann
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%...
By Middle Market Growth (ACG)
News•Feb 20, 2026
Investor Intentions: NCIA Looking to Grow Its Private Infrastructure Portfolio
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...
By Infrastructure Investor (PEI Group)
News•Feb 20, 2026
Meridiam Amasses over €2bn for European Infra CV Fund
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...
By Secondaries Investor (PEI Group)
News•Feb 20, 2026
Secondaries’ Next Iteration: Market Capitalisation in 2026 and Beyond
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....
By Secondaries Investor (PEI Group)
News•Feb 20, 2026
Blue Owl Sold Private Loans To Pension Giants And Own Insurer
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...
By Financial Advisor Magazine (FA Mag)
Blog•Feb 20, 2026
Forward-Looking Statements: 9th Cir. Says No Safe Harbor for “Hypothetical Risk Factor”
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...
By The CorporateCounsel.net Blog
Blog•Feb 20, 2026
DExit: Evidence From 2025 IPOs
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...
By The CorporateCounsel.net Blog
Blog•Feb 20, 2026
Enforcement: Should You Consider Litigating?
The SEC’s enforcement approach has softened since the 2025 administration change, with corporate penalties falling roughly 30 percent and a greater emphasis on cooperation and remediation. At the same time, the Supreme Court’s pending decision on whether the agency must...
By The CorporateCounsel.net Blog
News•Feb 19, 2026
Blue Owl Halts Quarterly Redemptions in a Non-Traded BDC
Blue Owl Capital Corp II, a non‑traded business development company, has halted its quarterly redemption program, effectively gating investors. The manager simultaneously sold approximately $1.4 billion of loans across three of its BDC portfolios to bolster liquidity. The redemption freeze and...
By Private Debt Investor
Blog•Feb 19, 2026
M&A Monday: Incentivizing Employees After Closing
In M&A deals, retaining staff after closing hinges on well‑designed incentive programs. Sponsors can choose between simple Christmas performance bonuses, phantom equity arrangements, or full equity plans such as stock options, each with distinct tax and legal considerations. The article...
By Eli Albrecht’s M&A Monday
News•Feb 19, 2026
LPs Reveal Their Biggest Frustrations with GPs
Ahead of PEI’s NEXUS conference, a new survey of limited partners (LPs) uncovered the top sources of friction with private‑equity general partners (GPs). The research highlights persistent issues such as opaque performance reporting, unpredictable capital calls, and fee structures that...
By Private Debt Investor
News•Feb 19, 2026
Tikehau Latest Manager to Close Credit Secondaries Fund as Market Fires on All Cylinders
Tikehau Capital’s second credit‑secondaries fund closed with over $1 billion in commitments, less than a year after its first vehicle launched in H2 2023. The rapid close reflects soaring investor appetite for private debt secondary transactions, which offer immediate cash flow and...
By Private Debt Investor
News•Feb 19, 2026
PE Weekly: Fundraising for Follow-On Investments
The latest Middle Market Growth roundup highlights a wave of fundraising activity aimed at follow‑on and continuation investments. JLL Partners closed its ninth fund with $1.4 billion, while HarbourVest launched a $1.1 billion Private Equity Continuation Solutions fund. Union Capital secured $450 million...
By Middle Market Growth (ACG)
News•Feb 19, 2026
The Increasing Visibility of Stress
The latest editorial highlights that Business Development Companies (BDCs) are increasingly mirroring broader credit stress in the market. Deteriorating loan performance and tighter financing conditions are evident across BDC portfolios. At the same time, a looming maturity wall—large volumes of...
By Private Debt Investor
News•Feb 19, 2026
Loan Note: Carlyle’s Sidhu on the European Opportunity; Configure Highlights Mixed M&A Picture
Carlyle’s Taj Sidhu expressed optimism about Europe’s private‑debt market, citing strong borrower resilience and attractive financing conditions. He highlighted low‑interest‑rate environments and a growing pipeline of mid‑market deals as catalysts for continued asset growth. Meanwhile, Configure’s latest M&A snapshot described...
By Private Debt Investor
News•Feb 19, 2026
Schroders Capital Hires Asia Fundraising Head From Oaktree
Schroders Capital has appointed Sabrina Meng as its new Head of Asia Fundraising, transitioning from Oaktree Capital Management. Meng will assume the role next month, bringing extensive experience in private‑debt capital raising across the region. The move underscores Schroders' ambition...
By Private Debt Investor
Blog•Feb 19, 2026
C-Suite Turnover: Plenty of Volatility at the Top
CristKolder’s 2025 C‑Suite Volatility Report shows 78 CEO changes and 120 CFO swaps across Fortune 500 and S&P 500 firms last year. The consumer sector led CEO turnover at 24.4%, while energy was most stable at 9.0%. External recruitment fell sharply, with...
By The CorporateCounsel.net Blog
News•Feb 19, 2026
Bloomberg: Leveraged Lending Insights – 2/16/2026
The US leveraged loan market opened 2026 with extraordinary vigor, posting $168.2 billion in new issuances during January—the strongest monthly total in over a decade. By mid‑February, activity slowed dramatically, with only $25.9 billion of new deals launched through February 18, the lowest...
By The Lead Left
News•Feb 19, 2026
The Pulse of Private Equity – 2/16/2026
Technology private equity deal activity surged in 2026, with total deal value climbing 67.4% year‑over‑year while the number of transactions rose a modest 13.4%. The gap between value and count indicates that firms are executing larger, mega‑cap deals rather than...
By The Lead Left
News•Feb 19, 2026
Infra’s $650bn Window of Opportunity
The article highlights a $650 billion infrastructure investment window but notes that markets are penalising hyperscaler capital expenditures that appear erratic. It questions whether traditional infrastructure managers can impose the discipline needed to attract capital. The piece warns that unchecked hyperscaler...
By Infrastructure Investor (PEI Group)
Podcast•Feb 18, 2026•0 min
Employee Ownership as a Search Fund Advantage, Turner Wyatt of Small Capital
Turner Wyatt, founder and CEO of Small Capital, funds self‑funded searchers who embed employee ownership from acquisition day one. He argues that search fund deals can address income inequality while enhancing business performance by giving employees a stake. Small Capital’s...
By Search Funded: The ETA Podcast
News•Feb 18, 2026
Midmarket Dealmakers’ Confidence Remains Steady: ACG Survey
The Association for Corporate Growth’s Q1 2026 Market Pulse Survey shows middle‑market dealmakers remain cautiously optimistic, with 64% anticipating a slight increase in M&A activity over the next six months—mirroring the prior quarter and up from 54% earlier in the...
By Middle Market Growth (ACG)
News•Feb 18, 2026
KBRA Direct Lending Deals: News & Analysis – 2/16/2026
Kroll Bond Rating Agency (KBRA) released its latest direct‑lending default indices covering the trailing‑twelve‑month period ending February 17, 2026. The indices aggregate performance data from a broad universe of private credit transactions, including senior secured loans, unitranche facilities, and mezzanine tranches. By...
By The Lead Left
Blog•Feb 18, 2026
Corp Fin Posts More Deal CDIs
The SEC’s Corporation Finance Division released a fresh set of five CDIs, adding two Rule 13e‑3 going‑private interpretations, two tender‑offer clarifications, and a revised Form S‑4 business‑combination guidance. The new Rule 13e‑3 CDIs formalize the equity‑for‑equity exception and limit non‑waivable conditions, while the...
By Governance Beat (Cooley)
News•Feb 18, 2026
Middle Market Deal Terms at a Glance – February 2026
SPP Capital Partners released its February 2026 Middle Market Deal Terms snapshot, updating leverage, debt‑to‑EBITDA, and pricing metrics for senior bank cash‑flow, senior non‑bank unitranche, and junior capital across micro, small and mid‑cap segments. Compared with February 2025, leverage ratios have nudged...
By The Lead Left
News•Feb 18, 2026
Debtwire Middle-Market – 2/16/2026
The VanEck BDC Income ETF is yielding 12.3% as of 12 February, just below its five‑year high of 12.8% reached in April 2025. In contrast, the BofA Merrill Lynch US High Yield index has slipped to 6.6%, down from an 8.5%...
By The Lead Left
News•Feb 18, 2026
Octus: Private Credit & Deal Origination Insights – 2/16/2026
In the third quarter of 2025, Business Development Companies (BDCs) reported the highest non‑accrual rates among issuers in the Information Technology (23%) and Consumer Discretionary (22%) sectors. The data, released in Octus’s private‑credit briefing, shows a clear tilt toward software‑heavy...
By The Lead Left
News•Feb 18, 2026
Leveraged Loan Insight & Analysis – 2/16/2026
Business development companies (BDCs) have seen their share price to net asset value (NAV) ratios slip lower as investors anticipate reduced base rates and grapple with heightened software sector exposure. The average price‑to‑NAV now sits below 95%, reflecting a widening...
By The Lead Left
News•Feb 17, 2026
Australia’s Energy Transition Hits a Permitting Wall
Australia’s renewable rollout is stalling as planning and environmental permitting delays choke new generation projects. State‑level approval processes are taking years, pushing back construction of solar farms, wind parks and battery storage. Although the federal government has introduced streamlined pathways,...
By Infrastructure Investor (PEI Group)
Podcast•Feb 17, 2026•0 min
Building a Value Creation Machine & Scaling a Private Equity Firm
Chris Sznewajs of Pacific Avenue Capital Partners discussed how the firm builds a private‑equity platform centered on complex corporate carve‑outs and assets owned by “unnatural owners.” The firm leverages proprietary sourcing through corporate relationships and invests heavily in an operational...
By Making Billions: The Private Equity Podcast
Podcast•Feb 17, 2026•51 min
Private Equity Deal Teams and the Discipline to Win
In this episode of Best But Never Final, Lloyd Metz, Doug McCormick, and Sean Mooney break down the anatomy of a private‑equity deal team, outlining the typical roles—from associates and analysts to VPs, principals, and managing directors—and how responsibilities shift...
By Best But Never Final: Private Equity’s Pursuit of Excellence
Blog•Feb 15, 2026
Special Situations Digest - #2
The second Special Situations Digest highlights a wave of activist campaigns spanning technology, biotech, consumer, and industrial firms, alongside numerous companies embarking on strategic reviews or restructuring. Activists such as YZi Labs, Engine Capital, and Elliott Management are pushing for...
By Harold’s “Special Situations Digest” (curation via V&O link)
Podcast•Feb 14, 2026•0 min
🎥 AGM Unscripted: Goldman Sachs' Jeff Fine - An Investor’s Guide to Private Markets
Goldman Sachs Partner Jeff Fine discussed private markets and wealth channels on the Alt Goes Mainstream podcast, recorded at the 2025 Alternatives Summit. He outlined the evolving landscape, the role of product specialists, AI’s impact, and the growing participation of...
By Alt Goes Mainstream
Blog•Feb 13, 2026
AGM Alts & Wealth Weekly News Roundup | 2.13.26
The AGM newsletter announced the launch of the AGM Community, an RIA advisory board, and its first field trip in New York, signaling deeper engagement with wealth managers. Across the private‑markets landscape, major deals include Apollo and Schroders’ joint fund...
By Alt Goes Mainstream
News•Feb 13, 2026
Expect the Unexpected: A 2026 Lending Outlook with WhiteHorse Capital
WhiteHorse Capital’s Pankak Gupta and Stuart Aronson forecast a cautious‑optimistic 2026 for middle‑market lending, citing modest Federal Reserve rate cuts and lingering inflation. They expect a rebound in M&A activity with narrowing valuation gaps, while new capital inflows are driving...
By Middle Market Growth (ACG)
News•Feb 13, 2026
Private Equity Holding Periods Continue to Climb
Private‑equity firms now hold portfolio companies for a median of six years, the longest span since the metric began tracking in 2000. The increase reflects delayed exits caused by market uncertainty, the COVID‑19 pandemic, and a strategic shift toward add‑on...
By Private Equity Info — Blog
News•Feb 12, 2026
PE Weekly: Business Services Retains Its M&A Strength
Business services private equity firms continued a busy week of M&A, completing multiple platform acquisitions—including Kingswood Capital’s purchase of Safran Passenger Innovations (renamed RAVE Aerospace), H.I.G. Capital’s buy of CargoTuff, Trinity Hunt Partners’ launch of Allvia, KPS Capital’s pending acquisition...
By Middle Market Growth (ACG)
Podcast•Feb 12, 2026•0 min
🎥 AGM Unscripted: Goldman Sachs' Harold Hope - Secondaries: A Primary Consideration
Goldman Sachs’ Harold Hope, Global Head of Vintage Strategies, sat down on the Alt Goes Mainstream podcast to discuss the rapid evolution of the private‑markets secondaries space. He traced the market from a modest $2 billion annual volume 25 years ago to...
By Alt Goes Mainstream
Blog•Feb 11, 2026
HG's Acquisition of OneStream
Hg has completed the acquisition of OneStream for $6.4 billion, paying $24 per share—a 31% premium to the prior market price. The deal positions Hg as a major player in corporate performance management (CPM) and business intelligence, leveraging its software expertise...
By Dr. Karl Michael Popp’s Blog
Podcast•Feb 11, 2026•0 min
🎥 AGM Unscripted: Goldman Sachs' Kristin Olson - The Evolution of Alternatives: Bridging Private Markets and Wealth
Goldman Sachs hosted its 2025 Alternatives Summit, spotlighting the integration of private markets into mainstream wealth management. In a podcast interview, Kristin Olson, Global Head of Alternatives for Wealth, outlined how the firm’s platform is scaling access to private equity,...
By Alt Goes Mainstream
Blog•Feb 10, 2026
Shareholder Engagement in Flux: Recent Developments and Practical Implications
The SEC’s recent clarification of Rule 14a‑8 reshapes how companies must handle shareholder proposals, while regulators intensify scrutiny of proxy advisors. Concurrently, vote‑no/withhold campaigns and new retail voting programs are gaining traction, adding complexity to the 2026 proxy season. Updated guidance...
By Enhanced Scrutiny (Sidley M&A Litigation)
Blog•Feb 10, 2026
Investing: Underwriting the Searcher
The blog explains why underwriting the searcher— the entrepreneur‑operator— is critical in search‑fund investing, where small businesses rely heavily on leadership grit. Unlike private‑equity deals that focus on scale and industry, search funds often lack seasoned CEOs, making operator quality...
By Big Deal Small Business
Blog•Feb 10, 2026
Dividend Distinctions and Proxy Descriptions
Several recent proxy statements claim that moving a corporation from Nevada to Delaware provides greater dividend‑distribution flexibility. A detailed comparison of Nevada’s NRS 78.288 and Delaware’s statutory and case‑law framework shows Nevada already allows broad dividend authority, especially when articles of...
By Business Law Prof Blog “Mission Alignment / M&A”
Podcast•Feb 10, 2026•0 min
🎥 AGM Unscripted: Goldman Sachs' James Reynolds - From Mezzanine to Moats: Over a Quarter-Century of Goldman Sachs Private Credit
In this episode, Goldman Sachs Asset Management’s global co‑head of private credit, James Reynolds, reflects on 25 years of building the firm’s private credit franchise, emphasizing a culture of disciplined underwriting, selective origination, and leveraging Goldman’s broader banking ecosystem. He explains...
By Alt Goes Mainstream
Blog•Feb 10, 2026
Equity Plan Proposals: Changes in ISS’ EPSC Evaluation
ISS added a negative overriding factor to its EPSC evaluation in December 2025. Plans that receive a Plan Features pillar score below seven points may now trigger a recommended vote against the equity plan proposal. ISS does not disclose how...
By Governance Beat (Cooley)
Blog•Feb 9, 2026
Consequences of Roll-Up Acquisitions in Diverse Software Markets
Roll‑up acquisitions in software markets combine multiple niche firms to achieve scale and cost efficiencies. While the consolidation can enhance operational performance and pool technological talent, it also reduces the number of independent competitors, raising antitrust concerns. Successful integration hinges...
By Dr. Karl Michael Popp’s Blog