I don't think you are wrong. I would just add that private equity returns are highly asymmetric, and it will be interesting to see who the winners and losers will be from this. My bet is that it's not who you expect - software-focused specialists. It will be software generalists/tourists - of which there were many.
Ross Butler we will see and yes, not all will be impacted. I'm just looking at overall $$ exposure as a % of PE allocations during the 2020 2021 vintages.
I also make no claims about whether the AI fears are fully warranted, or even warranted at all. I'm just looking at market prices of publicly traded companies and walking through what it would mean if the fears materialize.
You are right - the answer is always related party transactions!
I don't think you are wrong. I would just add that private equity returns are highly asymmetric, and it will be interesting to see who the winners and losers will be from this. My bet is that it's not who you expect - software-focused specialists. It will be software generalists/tourists - of which there were many.
Ross Butler we will see and yes, not all will be impacted. I'm just looking at overall $$ exposure as a % of PE allocations during the 2020 2021 vintages.
I also make no claims about whether the AI fears are fully warranted, or even warranted at all. I'm just looking at market prices of publicly traded companies and walking through what it would mean if the fears materialize.