Commentary

Berkshire Partners backs VetStrategy in $1bn-plus deal, OpenGate hires new CFO, GCM Grosvenor agrees to merge with Cantor Fitzgerald sponsored SPAC

SPACs are populating the PE landscape this summer.

Martis Capital shops Care Hospice, Tritium Partners' RVshare rebounds as travelers look for different kind of holiday, Blackstone on cusp of closing $4bn sophomore GP stakes fund

Martis Capital puts Care Hospice on the block while Blackstone Group is nearing its $4 billion target for its second GP stakes fund.

MSD Partners raises $825m for opportunistic fund, CC Capital SPAC prices for total of $720m, Carlyle may miss $20bn fundraising expectation

MSD Partners racks up $825 million for new fund while Apollo co-founder Marc Rowan is stepping into a "semi-sabbatical."

Everyone wants in on the HCIT party: TA, Francisco Partners, Blackstone, Oak HC/FT; Bain-backed Cerevel joins the SPAC craze

PE appetite for healthcare technology continues unabated.

Sovos Compliance, backed by Hg and Vista Equity, goes to market, Oak HC/FT undeterred as healthcare, fintech opportunities thrive, Sentiment grows that Q2 PE marks will prove a strong recovery

Hg and Vista Equity-backed Sovos Compliance goes on the block and H.I.G. Capital adds a new managing director to its team.

TA, Francisco join hands in $1.4bn-plus deal for Edifecs, Iconiq invests in Luminate Capital-backed Conexiom, Levine Leichtman's Frankel and Weinberg on the firm's succession

TA Associates and Francisco Partners invest in Edifecs, putting it at a valuation north of $1.4 billion.

TPG launches secondaries business with ex-CPPIB executive, Sunrise Strategic-backed Kodiak Cakes sales process stalls, Deal activity to remain subdued until people can shake hands again

Sunrise Strategic-backed Kodiak Cakes puts its sales process on hold and TPG launches secondaries business with ex-CPPIB exec.

WCAS taps Hess as operating partner

Welsh, Carson, Anderson & Stowe has named Pete Hess as an operating partner in the technology group.

Tech-focused Dragoneer files $600m SPAC, Blackstone's HealthEdge acquires The Burgess Group, Fundamental targets $1bn for fourth municipal-focused fund

Deal and fundraising activity continues during these dog days of summer: Blackstone's HealthEdge buys The Burgess Group and Fundamental seeks $1 billion for a new fund.