Metrics & Results
$5.0B+
Realized
Exit Value
$2.0B+
Cost Structure Transformations
20 Years
tech PE INVESTMENT
leadership
Note: All figures rounded
Unique Market Opportunity
The Value Tech Dislocation
AI has created a unique opportunity for technology value investing. The combination of the a) increase in distressed technology companies, b) slower AI adoption in certain sub-segments and c) use of AI to increase profitability is why we are excited.
The market is not wrong that AI may break traditional software economics. But like many prior technology transitions, the panic is too uniform. We believe in certain sub-sectors (infrastructure, regulated industries, etc) that AI adoption will be slower than anticipated. AI can also be used to significantly increase cash flow well beyond the traditional “Rule of 40” software metrics derisking investments early in the investment period.
Taking long-tail bets on technology adoption is where we have spent our career. And this is the largest opportunity we have seen in our 20 years of experience.