| AppVision hits the market, Bain and Crosspoint Capital acquire ExtraHop for $900m Happy Tuesday, readers!
In today's round-up, we've got updates on more than one deal (or brewing deal) in the popular cybersecurity sector. To start, VC-backed AppVision is on the hunt for a PE-backed or pure-play strategic buyer as its founders ready for retirement. The app security company, which is being advised by mid-market investment bank Berkery Noyes, launched a sale process about two months ago, sources familiar with the situation told PE Hub. The process is targeting PE firms with cybersecurity companies in their portfolio. That includes players like...Check out my full report on PE Hub.
In large-scale cybersecurity news... Bain Capital and Crosspoint Capital Partners said this morning they are buying a Seattle-based cybersecurity company called ExtraHop.The $900 million investment comes amid heightened concerns of security as workloads continue shifting to the cloud. ExtraHop - one of the top three players in network detection and response space - is among the first....
Read the full wire commentary on PE Hub...
That’s it for me! Have a great week ahead, and keep on hitting me up with tips, ideas or feedback at karishma.v@peimedia.com
Also of note (may require subscriptions) Back at it again: Excellere Partners, under new leadership since the death last year of co-founder David Kessenich, secured most of the target set for its fourth buyout offering, Buyouts writes. Read it here.
Sustainability fund: Gresham House has launched its $354 million UK-focused Forest Growth and Sustainability Fund, which will in part provide distributions to investors in the form of carbon credits. The fund will seek to deliver a net IRR of 6 percent across its 20-year term with distributions commencing in 2026. Read it on AgriInvestor.
Secondaries news: GI Partners is working on a single-asset process to move MRI Software out of an older fund and into a continuation pool, which will give the manager more time to grow the investment, sources told Buyouts. MRI is one of numerous portfolio companies being worked through secondaries processes to extend hold periods, and attract additional capital, for future growth. Read more on Buyouts.
PE Deals 
They said it “Just like many other economic data points (ISM, confidence, employment) the recent inflation measures represent a resurgence from the mid-pandemic lows and a positive sign of economic recovery. We believe it is also short term and should not be misconstrued as the long-run intention of the Federal Reserve’s actions." Commonfund Asset Management director Ryan Driscollharlie Mills wrote in a blog post, reported by PEI.
Today's letter was prepared by Karishma Vanjani Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. 
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