MGX AI Infrastructure Fund raised approximately $50 billion for AI infrastructure and technology, backed by regional sovereign wealth funds and global pensions. It was the largest private fund close tracked this month by a wide margin, underscoring the scale of capital now targeting AI-related real assets.
Clearlake Capital Partners VIII ($14.8B) and Blackstone Capital Partners Asia III ($13.1B) anchored a strong month for flagship buyout fundraising, with Blackstone's vehicle marking the firm's largest-ever regional PE raise.
Crescent Direct Lending Fund IV ($10.8B in investable capital) and Ares Pathfinder Fund III ($8.5B) both closed oversubscribed and ahead of schedule, reinforcing continued LP appetite for direct lending and asset-based finance strategies.
SpaceX's $60.0 billion acquisition of Anysphere (Cursor) and Prometheus' $12.0 billion Series B round drove Information Technology to more than $111.7 billion in disclosed transaction value — nearly double the next-largest sector.
Three separate multibillion-dollar transactions — AbbVie/Apogee Therapeutics ($10.9B), GSK/Nuvalent ($10.6B), and Danaher/Masimo ($9.9B) — pushed Health Care to nearly $58.6 billion in disclosed deal value, reflecting sustained strategic conviction in biopharma and medtech.
June's fundraising landscape was defined by a historic AI-infrastructure mega-raise, back-to-back private equity mega-fund closes, and continued strength across private credit and venture. MGX, the Abu Dhabi-based AI and advanced technology investment firm, raised close to $50 billion in a fund structure focused on AI infrastructure and technology, with capital sourced from regional sovereign wealth funds and global pension investors and already being deployed — the largest private capital raise tracked in any asset class this month.
Private equity produced two of the year's largest flagship closes. Clearlake Capital Group closed its eighth flagship fund, Clearlake Capital Partners VIII, along with related co-investment vehicles and separately managed accounts, at a combined $14.8 billion, drawing nearly 300 investors across 35 countries. Blackstone announced the final close of Blackstone Capital Partners Asia III at $13.1 billion, exceeding its $10 billion target and more than doubling predecessor fund BCP Asia II — the firm's largest-ever private equity fundraise in the region, with 173 first-time investors in the Asia program. Elsewhere, Norvestor X SCSp closed at its €2 billion hard cap for Nordic mid-market buyouts, while TJC (formerly The Jordan Company) began marketing Resolute Fund VII at an $8.5 billion target and Carlyle launched fundraising for its ninth flagship US buyout fund at approximately $15 billion.
Private credit continued its run of record fundraising. Crescent Capital Group closed its fourth US direct lending fund, Crescent Direct Lending Fund IV, at $10.8 billion in investable capital, oversubscribed by more than $2.5 billion against target. Ares Management held the first and final close of Ares Pathfinder Fund III at $8.5 billion, exceeding its $6.5 billion target less than six months after launch. Eurazeo closed its flagship European direct lending fund, Eurazeo Private Debt VII, at €3.9 billion, while Arcmont Asset Management was reported to be nearing a €15–17 billion close on its fifth direct lending fund.
Venture capital saw two of the largest fundraises from established growth investors. Menlo Ventures closed $3 billion in new capital across two funds — the largest fundraise in the firm's 50-year history — split between an early-stage flagship and a growth-stage fund focused on AI. Benchmark Capital closed $2 billion in commitments across two new funds, including its first-ever dedicated growth vehicle at $1.25 billion. In real assets, EQT set a €21 billion target for its next flagship infrastructure fund, EQT Infrastructure VII, and Copenhagen Infrastructure Partners launched its sixth flagship renewable energy fund with an approximately €16 billion target.
Fundraising News and Investment News inside Dakota Marketplace track capital raises and allocator commitments as they happen, not after they've already made the rounds elsewhere. Book a demo to see both feeds filtered to your target asset class and metro areas.
Information Technology dominated June's deal flow, anchored by the month's largest transaction by a wide margin: Space Exploration Technologies Corp. (SpaceX) agreed to acquire Anysphere — the company behind the popular AI-powered coding IDE Cursor — for $60.0 billion, advised by Gibson Dunn & Crutcher and Kirkland & Ellis, with sellers including Thrive Capital, Andreessen Horowitz, Accel, Coatue, and DST Global. Prometheus, another information technology company, raised a $12.0 billion Series B round backed by JPMorgan Asset Management, Goldman Sachs Asset Management, BlackRock, DST Global, ARCH Venture Partners, and Bezos Expeditions. Permira, Warburg Pincus, and Temasek also teamed up to take Clearwater Analytics private in an $8.4 billion transaction, rounding out a month in which the sector generated over $111.7 billion in disclosed transaction value.
Health Care produced three of the month's five largest transactions overall. AbbVie agreed to acquire Apogee Therapeutics for approximately $10.9 billion, advised by Morgan Stanley and Goldman Sachs, gaining Apogee's lead IL-13 antibody candidate for atopic dermatitis and asthma. GSK plc acquired Nuvalent for $10.6 billion, with Centerview Partners and Citi advising and Deerfield Management, Boxer Capital, Viking Global Investors, and Wellington Management among the sellers. Danaher Corporation acquired medical technology company Masimo Corporation for $9.9 billion, advised by Centerview Partners and Morgan Stanley. Additional activity included Servier's $2.65 billion acquisition of Edgewise Therapeutics' muscular dystrophy business and Bayer's $2.45 billion purchase of Perfuse Therapeutics, underscoring sustained large-cap strategic conviction in biopharma and medtech.
Industrials was the third-largest sector by disclosed value at roughly $42.6 billion. Bain Capital acquired Everllence, a marine engines business, from Volkswagen AG for $8.4 billion in a leveraged buyout advised by Linklaters and Kirkland & Ellis. Veolia Environnement agreed to acquire Clean Earth from Enviri Corporation for $3.0 billion, and CECO Environmental acquired Thermon Group Holdings for $2.2 billion, reflecting continued consolidation across industrial services and defense-adjacent manufacturing platforms.
Materials also produced one of the month's largest deals overall. Martin Marietta Materials agreed to combine with Lhoist North America, a leading lime producer with more than 2 billion tons of limestone reserves, in a $13.5 billion cash-and-stock transaction, the third-largest deal Dakota tracked in June.
Deal participants, advisors, and sector detail for transactions like these are searchable and filterable inside Dakota Marketplace the day they're announced. Book a demo to see June's M&A activity filtered to your target sector.
Real estate, consumer, and financials rounded out a broad-based month of deal activity. In real estate, New Mountain Capital acquired Asset Living from Roark Capital Group in a $2.0 billion secondary buyout, TPG led a consortium including PSP Investments, La Caisse, and Norges Bank Investment Management in a $2.0 billion acquisition of Echo Realty, and BKM Capital Partners and Kayne Anderson Capital Advisors acquired an 8.5 million-square-foot logistics portfolio from Blackstone-backed Link Logistics for $1.81 billion. In consumer discretionary, Eaton Corporation's $5.1 billion reverse merger with Dana Inc. and Yum! Brands' $1.5 billion sale of its Pizza Hut ex-China operations to LongRange Capital (which could earn up to an additional $75 million through 2030) were among the largest deals. In financials, Howard Hughes Holdings acquired Vantage Group Holdings from The Carlyle Group and Hellman & Friedman for $2.1 billion, and Wafra acquired Navitas Credit Corp. from United Community Banks for $1.9 billion.
June 2026 showed that AI infrastructure fundraising and dealmaking have reached an entirely new scale. MGX's ~$50 billion raise, SpaceX's $60.0 billion acquisition of Anysphere, and Prometheus' $12.0 billion Series B round together demonstrate that capital formation around AI is no longer confined to venture-sized checks — it now rivals the largest buyout and infrastructure funds in the market. At the same time, traditional private equity and private credit showed no signs of slowing, with Clearlake, Blackstone, Crescent, and Ares all closing flagship vehicles well above target.
Looking ahead into the second half of the year, the pipeline remains deep. Carlyle Partners IX ($15B target), Francisco Partners VIII and Agility Fund IV (a combined $18B+ nearing final close), and Advent International's $26 billion flagship all point to continued mega-fund momentum, while GSK, Danaher, and AbbVie's back-to-back multibillion-dollar health care acquisitions suggest strategic buyers remain willing to pay up for differentiated clinical-stage and diagnostic assets. With dry powder elevated and credit markets open, Q3 2026 appears positioned to extend the record pace set in June.
Dakota is a financial, software, data and media company based in Philadelphia, PA. Dakota's flagship product, Dakota Marketplace, is a database of LPs, GPs, Private Companies and Public Companies used by thousands of fundraising, deal, and investment teams worldwide to raise capital, source deals, track peers, and access comprehensive data — all in one global platform.
For more information, book a demo of Dakota Marketplace.