Key Takeaways
- • Carlyle AlpInvest has led four single-asset continuation vehicles (CVs) in 2026 to date, demonstrating aggressive deployment in the continuation vehicle market, with insights from partner Eric Anton highlighting the firm's active strategy in this segment.
- • Olympus Partners has agreed to acquire a majority stake in Network Connex, a digital infrastructure services provider, from current owner Orix Capital Partners, marking a significant transaction in the infrastructure technology space.
- • TPG is set to acquire Learfield, a media and technology company serving college athletics, indicating continued consolidation activity among major alternative asset managers in the sports media and technology sector.
Summary
Carlyle AlpInvest has accelerated its activity in the continuation vehicle market, establishing itself as a significant player through four CV transactions in the first portion of 2026. Eric Anton, a partner at Carlyle AlpInvest, provided insights into the firm's strategy and execution in this space. Continuation vehicles—single-asset structures used to extend the life of mature portfolio companies—have become an increasingly important tool for large alternative asset managers seeking to maximize returns on established investments while managing fund lifecycles.
In parallel deal activity, Olympus Partners has agreed to acquire a majority stake in Network Connex, a provider of digital infrastructure services, from Orix Capital Partners. This transaction reflects ongoing consolidation in the digital infrastructure sector, where demand for connectivity and technology services continues to drive M&A activity among financial sponsors.
Separately, TPG has announced plans to acquire Learfield, a media and technology company specializing in services for college athletics. This move underscores the strategic interest major private equity firms maintain in media, technology, and sports-adjacent segments, where differentiated service offerings and recurring revenue models create attractive investment profiles.
In parallel deal activity, Olympus Partners has agreed to acquire a majority stake in Network Connex, a provider of digital infrastructure services, from Orix Capital Partners. This transaction reflects ongoing consolidation in the digital infrastructure sector, where demand for connectivity and technology services continues to drive M&A activity among financial sponsors.
Separately, TPG has announced plans to acquire Learfield, a media and technology company specializing in services for college athletics. This move underscores the strategic interest major private equity firms maintain in media, technology, and sports-adjacent segments, where differentiated service offerings and recurring revenue models create attractive investment profiles.
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