news

News (w/e 12/5/25)

Lee McCabe

07 Dec 2025 — 1 min read

U.S. PE Exits Finally Show Real Momentum Again

PitchBook data shows U.S. private equity exits are on track for a second straight year of recovery, with ~1,300 exits through October generating $621.7B. After two years of gridlock, this is the first real sign that LP liquidity is thawing, not in theory, but in actual dollars out the door. The caveat: the backlog of aging assets is still massive. Sponsors are clearing brush, not blazing trails. Link

Secondaries Are Quietly Becoming PE’s Primary Liquidity Engine

A new JD Supra analysis reinforces what operators already feel: GP-led secondaries and continuation vehicles aren’t a “cycle hack” — they’re the new core exit route. With M&A still sluggish, sponsors are manufacturing optionality where the market isn’t providing it. The firms that master pricing governance and conflict management here will define the next generation of fund performance. Link

News (w/e 1/9/26)

Eir Partners Closes $1 Billion Fund Focused on Healthcare Technology Miami-based Eir Partners closed its third fund at $1 billion, blowing past its $800 million target in just a few months. The raise reinforces a clear LP preference: specialist healthcare investors with repeatable playbooks still get paid attention, even as

Deals (w/e 1/9/26)

Veritas Capital Buys Majority Stake in Global Healthcare ExchangeVeritas Capital is acquiring a majority stake in Global Healthcare Exchange (GHX), the healthcare supply-chain software platform used by hospitals and suppliers across the U.S. GHX sits in the unglamorous but essential plumbing of healthcare, where scale and data matter more

Private equity has quietly entered a new sport: competitive talent hoarding.

Every firm now appears to be stockpiling operators the way children collected Pokémon cards. Operating Partners, Senior Advisors, Venture Partners, EIRs—hand out a title, add them to a slide, declare victory. LPs love the imagery. It signals “capability.” It looks sophisticated. It gives the impression of a tightly coordinated

AI isn’t coming for middle management. It’s already rearranging the job description.

The layer of people whose primary function is aggregating information, writing summaries, building decks, and “managing up” is about to feel the shift first. Not because AI is more insightful than they are, but because it’s cheaper, faster, and doesn’t need three pre-meetings to prepare for the meeting.