Private equity heavyweights Blackstone and KKR are in discussions with Alphabet’s Google to provide artificial intelligence capabilities across their portfolio companies, in a move that could further embed AI tools within the global buyout industry, according to a report by Bloomberg.

KKR has cautioned that heightened market volatility is likely to constrain its earnings growth outlook for 2026, even as the firm reported first-quarter results that exceeded expectations on strong fee income and asset monetisation activity, according to a report by Reuters.

Anthropic has formed a $1.5bn joint venture with a group of major financial and private equity firms, in a move aimed at accelerating the adoption of artificial intelligence tools across corporate and portfolio company operations, according to a report by the Wall Street Journal.

CVC Capital Partners reported a modest increase in fee-paying assets under management in the first quarter, supported by steady fundraising and investment activity across its diversified alternatives platform, according to a report by the Wall Street Journal.

Thoma Bravo has confirmed it will not inject additional capital into customer experience software provider Medallia, as pressure builds on the business following a difficult post-pandemic buyout cycle, according to a report by Bloomberg.

CVC Capital Partners is providing a €210m capital injection into tea group Lipton as it works to stabilise the business following its €4.5bn acquisition from Unilever, amid growing concerns over the company’s leveraged balance sheet and weakening trading performance, according to a report by the Financial Times.