CAPITAL MARKET
Private Equity
Private equity manages over $7.5 trillion globally across buyout, growth, venture, and secondary strategies. The industry is in a slower fundraising cycle after 2021-2022 highs, with deployment pacing extended and LPs prioritizing distributions over new commitments — yet the largest GPs continue to close flagship funds at or above target with sticky core LP bases.
This hub aggregates PipelineRoad's real-time coverage of PE fund closings, LP pacing decisions at public pension plans and sovereign wealth funds, take-private transactions, platform and add-on acquisitions, GP-led continuation vehicle activity, and regulatory shifts affecting the asset class — including SEC Private Fund Adviser Rule implementation and cross-border marketing rules.
For fund managers, the signal in this feed is actionable: which LPs are closing on new commitments, which strategies are getting pacing increases vs. cuts, and which placement agents are active on what type of mandate.
Featured Stories
Fundraising
TPG raises annual fundraising forecast to more than $55bn
TPG expects to raise more than $55bn this year after lifting its prior forecast of more than $50bn, according to Private Equity Wire.
Deal Flow
Partners Group-backed EyeCare Partners nears creditor deal to cut debt by up to $400m
EyeCare Partners is nearing a creditor agreement that could reduce about $2bn of debt by up to $400m via asset sales and discounted repayments, according to Private Equity Wire.
Market Data
Global private equity investment hit $1.5tn on 14,650 deals in 9M 2026: KPMG
KPMG data show global private equity investment reached $1.5tn across 14,650 transactions in the first nine months of 2026 as capital concentrated in fewer, larger deals.
All Private Equity Coverage
Aldaron closes debut fund at about $885m for AI-focused private equity strategy
Aldaron, founded by former Palantir and Carlyle executives, has closed a debut fund with about $885m in commitments and is using AI to drive revenue and operational improvement at portfolio companies.
Apollo’s £5.7bn easyJet takeover faces opposition from European unions
Apollo’s proposed £5.7bn acquisition of easyJet faces European union opposition as the airline targets completion by end of Q1 2027.
San Joaquin County pension sets PE pacing and cuts venture commitments
San Joaquin County’s pension is aiming to maintain its private equity allocation while setting PE pacing and cutting venture commitments, according to Buyouts Insider.
LongWater takes majority stake in Blastco
LongWater has taken a majority stake in Blastco, a Channelview, Texas-based industrial services provider founded in 1983, according to PE Hub.
PE co-investments doubled to record $198bn in H1 2026, S&P Global data shows
Private equity co-investment deal value more than doubled year-on-year to $198bn in H1 2026 as institutions sought lower fees and more control, according to Private Equity Wire.
NBA revises private equity investment rules as $12.5bn Lakers deal is proposed
The NBA is changing its private equity investment rules in franchises ahead of a proposed $12.5bn Los Angeles Lakers acquisition involving Joshua Kushner and Bob Iger.
Korea Investment Corp explores sale of more than $1bn in private equity stakes
South Korea’s sovereign wealth fund KIC is exploring a potential secondary sale of private equity investments worth more than $1bn, with PJT Partners advising, according to Private Equity Wire.
SEC proposes scrapping investment adviser pay-to-play rule affecting PE donations
The SEC is proposing to scrap its 2010 pay-to-play rule for investment advisers, a change that could affect how private equity firms make political contributions while managing government-backed asset
Dealbreaker: Private equity pitches law-firm MSOs, raising Rule 5.6 non-compete concerns
Dealbreaker reports private equity is exploring law-firm MSO structures that may enable non-competes for lawyers despite ethical rules barring practice restrictions.
GPs weigh capital retention as continuation vehicles grow as an exit route
Private Equity Wire reports on research into how GPs retain and recycle capital from continuation vehicle transactions as LP liquidity remains the leading use case.
Buyouts: Top North American LPs committed $1.5trn to private equity in 2026 list
Buyouts’ 2026 list of the biggest North American LPs shows $1.5trn committed to private equity, up 6.3% from a year earlier.
Waterland Enters Early Talks to Take Gamma Communications Private
Gamma Communications holds early-stage takeover discussions with Waterland Private Equity Investments alongside ongoing bidder talks including Epiris.
Carlyle Joins JPMorgan and a16z in $1bn Castelion Round
Carlyle Group participated in a more than $1bn Series C round for defence technology company Castelion alongside JPMorgan Chase and Andreessen Horowitz.
PE Consortium Explores EverBank Sale Three Years After Acquisition
Five private equity firms are reviewing strategic options for EverBank including a potential sale or merger, three years after acquiring the Florida-based digital bank.
CVC Prepares Potential Aldermore Offer as FirstRand Plans Exit
CVC Capital Partners readies a bid for UK challenger bank Aldermore ahead of a September deadline amid multiple suitors.
CVC Prepares Potential Aldermore Offer Ahead of September Deadline
CVC Capital Partners readies a bid for UK lender Aldermore as FirstRand advances its exit process with multiple suitors in play.
CVC Prepares Aldermore Bid as FirstRand Plans Exit
CVC Capital Partners is preparing a potential offer for UK challenger bank Aldermore ahead of a September deadline, joining other bidders as FirstRand seeks to sell the lender.
Pathway Private Equity Fund III-Co Files 3(c)(7) Exemption Notice
Pathway Private Equity Fund III-Co, LP submitted a Section 3(c)(7) filing to the SEC on August 20, 2026.
HOOPP Global Private Equity Chief Lori Hall-Kimm Leaves for New Role
Lori Hall-Kimm departs HOOPP after PE assets rose to CAD24.2bn; Mark Cormier and Roman Gula named interim co-heads.
Pinewood Technologies Agrees £545m Take-Private Deal with Ridgeview
UK-listed Pinewood Technologies has agreed a £545m takeover by US private equity firm Ridgeview, taking the automotive software provider private.
Frequently Asked Questions
How large is the private equity industry?
Global private equity AUM was approximately $7.5 trillion as of year-end 2024, per Preqin and McKinsey estimates. North America accounts for roughly $4.2 trillion, Europe $1.8 trillion, and Asia-Pacific $1.1 trillion. The industry manages this capital across 12,000+ active funds.
Who are the largest PE firms by AUM?
By 2024 AUM: Blackstone ($1T+), KKR ($600B+), Apollo ($700B+, majority credit), Carlyle Group, Ares, CVC Capital Partners, Thoma Bravo, TPG, Warburg Pincus, and EQT. Blackstone, KKR, and Apollo together manage over $2.3T.
What is a typical PE fund structure?
Standard PE funds are 10-year closed-end limited partnerships with a 5-year investment period, 2% management fee on committed capital (declining to invested capital after investment period), 20% carried interest above an 8% preferred return, and European-style waterfall. Fund sizes range from <$100M for emerging managers to $25B+ for flagship mega-funds.
Who are the main LPs in PE funds?
Public pension funds (CalPERS, NY State Common, CalSTRS, Florida SBA), sovereign wealth funds (ADIA, GIC, CPP Investments, Temasek), corporate pensions, insurance companies, endowments, foundations, and family offices. Public pensions and sovereigns together represent roughly 55-60% of LP capital.
How long does a PE fund raise take?
In the current cycle, established GPs take 12-18 months from launch to final close. Emerging managers (Fund I-III) average 18-36 months. First-time funds in specialized strategies can take 36+ months. The 2021-2022 peak cycle saw 6-12 month raises even for mid-tier GPs — that pace has normalized.
Capital raising signals, delivered
Get fund close, LP allocation, and deal flow news before it hits the mainstream.
