Vishesh Raisinghani

Private equity and private credit have never been more concentrated in software. With AI challenging traditional SaaS models, investors are trying to determine whether the market is spotting a real threat—or inventing one.

As bulge brackets push down and boutiques refine their edge, the fight for engagements is intensifying—rewarding bankers who bring precision, relationships and process discipline.

Fed leadership shift raises cost uncertainty, forcing buyers and sponsors to rethink leverage and timing.

A historic, debt-fueled data center build-out is reshaping tech—and pushing private credit into systemically important territory. Critics warn the math may not add up.

Yield spreads are compressing, PIK use is rising, and even top lenders admit the easy-money era is ending.