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If you’re on the East Coast, it’s the calm before the first major winter storm of the season. In contrast, there’s nothing calm or frosty about the year’s deal flow so far…
Goldman Sachs Alternatives closed a monster $2.8 billion co-investment fund while Blueprint Equity wrapped $333 million for enterprise software plays. Deal flow stayed hot with platforms stacking add-ons in roofing, insurance, and specialty chemicals, plus a genomics pioneer launching a new AI-driven diagnostics venture backed by Healthier Capital. Oh, and Aurora Capital kept promotion season alive with a few personnel upgrades.
Let's break down all of these and more.
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Major Investments & Infrastructure Deals
Healthier Capital
Diploid Genomics Launch
Genomics pioneer J. Craig Venter launched Diploid Genomics (DGI), an AI-driven advanced genomics analytics company, in partnership with Healthier Capital as co-founder and sole external investor in the seed round. DGI is developing a next-generation discovery and diagnostics platform for complex and deadly diseases, combining advanced AI models with cutting-edge genomic sequencing, advanced imaging, and health data. The company is building its own sequencing center in San Diego and will seek CLIA certification to provide AI-enhanced, next generation clinical grade sequencing. Venter previously founded Celera Genomics, Synthetic Genomics, and Human Longevity, Inc.
OrbiMed
Mendra Series A
Mendra launched with an $82 million oversubscribed Series A financing co-led by OrbiMed, 8VC, and 5AM Ventures with participation from Lux Capital and Wing VC. The biopharmaceutical company plans to acquire, develop, and commercialize therapies for rare diseases, utilizing AI to accelerate patient identification, clinical trial enrollment, and access to global markets. CEO Joshua Grass brings over 20 years of biopharma leadership experience, including successful exits at Modis Therapeutics and Escient Pharmaceuticals.
Fundraising & Financing
Goldman Sachs Alternatives
$2.8B Co-Investment Behemoth
Goldman Sachs Alternatives closed Private Equity Co-Investment Partners IV (PECP IV) at more than $2.8 billion, significantly exceeding both its predecessor fund and original fundraising target. The fund focuses on high conviction co-investment opportunities, primarily in control-buyout transactions, alongside a broad network of established managers. The PECP platform sits at the nexus of Goldman's $528 billion External Investing Group, which maintains relationships with thousands of managers globally. The fund's diverse LP base includes family offices, foundations, high net worth individuals, pension funds, insurance companies, and significant commitments from Goldman Sachs employees.
Blueprint Equity
$333M Fund III
San Diego-based Blueprint Equity closed its $333 million third fund in a single closing that wrapped in 12 days. The growth equity firm targets $5-15 million initial investments in high-growth, capital-efficient enterprise software, B2B, and technology-enabled services businesses generating $1-7 million in revenue. Since launching in 2018, Blueprint has established itself as a top-performing fund with both Fund I and II ranking in the top ventile.
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M&A Transactions & Deals
Storr Group's SPS PoolCare acquires Pool Troopers – SPS PoolCare, the nation's largest swimming pool services company and a Storr Group portfolio company, acquired Pool Troopers, the #2 provider in the industry. The strategic combination brings together over 42,000 weekly recurring residential and commercial customers across 19 markets in five states. The combined company is on track to perform over 2 million weekly recurring pool services in 2026. Pool Troopers was previously a Shoreline Equity Partners portfolio company, and Shoreline remains a minority investor following the transaction. This marks SPS PoolCare's 191st and largest acquisition to date.
Bertram Capital's Ridgeline Roofing acquires Bold North – Ridgeline Roofing & Restoration acquired Bold North Roofing and Contracting, a roofing and exterior services provider servicing Minnesota's Twin Cities metro area. The transaction marks Ridgeline's fifth acquisition. Bold North was founded by Erik McLaughlin and Ryan Emmerich, who will continue to lead the Bold North team and reinvested into Ridgeline. The company provides re-roofing, roof repair, siding, and window installation services.
Rallyday Partners' Livefront merges with Zeal IT – Livefront, a digital consultancy backed by Rallyday Partners since 2023, announced a strategic combination with Zeal IT Consultants to create a premier digital consulting company. The combined entity will have more than 300 strategists, designers, engineers, and product managers with an expanding footprint in the United States and Latin America, serving clients across healthcare, consumer, media, technology, hospitality, transportation and logistics, and financial services sectors.
Uplift Investors launches Orion Legal MSO – Uplift Investors announced the formation of Orion Legal MSO, a managed service organization supporting leading plaintiff law firms, with Dudley DeBosier Injury Lawyers as the founding partner firm. The transaction marks Uplift's first platform investment following its launch in 2025. Dudley DeBosier will remain 100% owned and controlled by its founding partners Chad Dudley, Steven DeBosier, and James Peltier, who will also invest in Orion Legal alongside Uplift. Robert W. Baird & Co. and Houlihan Lokey served as financial advisors to Uplift.
Ampersand's Gannet BioChem acquires Laysan Bio – Gannet BioChem, backed by Ampersand Capital Partners, acquired Laysan Bio, a life sciences company based in Arab, Alabama. Founded nearly two decades ago, Laysan Bio is a trusted supplier of cataloged, custom, and compliant activated polymer reagents to academic, biotechnology, and pharmaceutical organizations. The acquisition strengthens Gannet BioChem's capabilities across activated polymer technologies, including PEG reagents and bioconjugation.
L Squared's Kano Labs acquires CAIG Laboratories – Kano Laboratories, an L Squared Capital Partners portfolio company, acquired CAIG Laboratories, the industry leader in electronic deoxidation and best known for its DeoxIT brand. Founded in 1956 and headquartered in Poway, California, CAIG specializes in chemicals used to clean, restore, and protect electronic connections. The transaction represents Kano's first add-on acquisition since partnering with L Squared.
BVP Forge's Vector acquires YardView – Vector, the logistics industry's leading workflow platform backed by BVP Forge, acquired YardView, a pioneer in yard management and dock visibility. The strategic acquisition expands capabilities across gate, yard, dock, and document workflows for logistics networks. Together, Vector and YardView serve more than 100 shippers across North America. YardView President Nathan Harris will retain equity ownership and continue to advise the business, while COO Heather Giordano will lead the YardView business unit inside Vector.
Power Sustainable Lios acquires Crofter's Organic – Power Sustainable Lios, the specialist food-focused private equity platform of Power Sustainable, acquired Crofter's Organic, the largest supplier of organic jams, jellies, and spreads in North America. The transaction includes co-investments from Farm Credit Canada, BMO Capital Partners, and the founding Latka family, who will remain engaged as long-term partners. Founded in 1989 and based in Parry Sound, Ontario, Crofter's is the fastest-growing brand in the category.
Lovell Minnick's Warner Pacific acquires Brokers Holding Group – Warner Pacific, backed by Lovell Minnick Partners, acquired Brokers Holding Group, a South Carolina-based general agency with deep expertise in level-funded health plans and alternative funding strategies for employer groups. The acquisition establishes a stronger presence across the Southeast, including South Carolina, North Carolina, Georgia, and Tennessee. BHG co-owners Scott Lee and Lee Long will continue to lead the business.
Aquiline's Relation Insurance acquires PT Business Solutions – Relation Insurance Services, backed by Aquiline Capital Partners, acquired the assets of PT Business Solutions. The transaction went into effect on October 31, 2025. Founded more than 22 years ago, PT Business Solutions is a full-service provider of employee benefit, HR, payroll, workers' compensation, and group retirement plans based in South Pasadena, California. Co-founders Chris Pontrelli and Raphy Timour will join Relation.
People Moves
Aurora Capital Partners promoted Bryant Yung to Managing Director and Hudson Boles to Vice President. Yung joined Aurora in 2019 from Empyrean Capital Partners and Oak Hill Capital Partners, and currently serves on the boards of SRP, Spray-Tek, and Universal Pure.
Blueprint Equity promoted Francis Donohue and John Bonhard to Principal, Connor Nevelle to Vice President, and Jacob DeMarco and Ina Kodra to Senior Associate. The promotions coincide with Blueprint's $333 million Fund III close.
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That's the wrap. More deals coming your way tomorrow.
- Private Markets Minute Team