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
Regulatory
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.
Market Data
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.
Deal Flow
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.
All Private Equity Coverage
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.
EQT Acquires Majority Stake in Melbourne Storm
EQT takes majority interest in NRL club Melbourne Storm in its first direct professional sports team investment, valued at AUD150m.
Silver Lake Explores Potential $50bn+ Take-Private of Workday
Silver Lake is in preliminary talks for a take-private of Workday valued above $50bn, according to Reuters sources cited by Private Equity Wire.
Trustar Capital Nears $1.5bn Deal for Alibaba's Lingxi Games
Trustar Capital is the preferred bidder to acquire Alibaba's Lingxi Games unit in a transaction valued above $1.5bn, according to Private Equity Wire.
Trustar Capital Nears $1.5bn Acquisition of Alibaba Lingxi Games
Trustar Capital is the preferred bidder to acquire Alibaba's Lingxi Games division in a deal that could exceed $1.5bn.
Trustar Capital Nears $1.5bn Acquisition of Alibaba’s Lingxi Games
Trustar Capital has emerged as preferred bidder for Alibaba’s Lingxi Games in a deal that could exceed $1.5bn, according to Bloomberg via Private Equity Wire.
Silver Lake Explores Potential $50bn-Plus Take-Private of Workday
Silver Lake is in preliminary talks to acquire Workday in a deal that could exceed $50bn, according to Private Equity Wire.
Silver Lake Explores $50bn-Plus Take-Private of Workday
Silver Lake is weighing a potential acquisition of Workday that could exceed $50bn, according to Private Equity Wire.
D - FS Direct Equity Fund VI, L.P. Files SEC Notice
D - FS Direct Equity Fund VI, L.P. submitted a Form D filing with the SEC on August 12, 2026, claiming exemption under Section 3(c)(7).
UK and European PE Firms Turn to Minority Sales and Hybrid Capital
Private equity sponsors in the UK and Europe are using minority stake sales, special-situations funds and hybrid capital to provide liquidity to LPs amid challenging conventional exits.
Lyntris Targets $528m US IPO Backed by Trive Capital
Lyntris files for a US IPO of up to $528m, with Trive Capital selling shares from its merged portfolio companies Vitesse Systems and Accelint.
PE Firms Adopt AI for Compliance but Lack Formal Policies
Survey of US and Europe managers with $3.51tn AUM shows 69% use AI for compliance reporting while only 5% have formal use policies.
PE Firms Shift to IPOs as M&A Exit Options Stay Limited
Private equity sponsors pursue public listings for portfolio companies after strategic buyer shortages constrain traditional M&A routes, according to Private Equity Wire.
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.
