PE fundraising scorecard: Advent, KKR, NewSpring, Vista

The company operates in the home services market, where private equity firms have increasingly pursued businesses that can serve as platforms for consolidation.

SEPAFood Solutions is a German engineering company specializing in separation equipment for red meat, fish, fruits and vegetables.

From a cross-asset CFO to rising deferred-payment terms and billion-dollar continuation vehicles, private equity's liquidity toolkit is converging — and testing how much of the real price GPs are willing to show.