PE's appetite for tech peaked just as the AI wave arrived Tech's share of global buyout deal value:...
a16z(@a16z) · 商业与创投
PE's appetite for tech peaked just as the AI wave arrived Tech's share of global buyout deal value: - 23% in 2018 - 34% in 2023, the year after ChatGPT launched - 29% in 2025 - 11% in the first quarter of 2026 "SaaS, of course, was also the manna from heaven for private equity: capital-light, consistent recurring revenue that was easy to lend against, lots of small markets with clear leaders, and a small but critical line in the customer's budget, so prices could go up." "It is safe to say that the 2010s aren't coming back anytime soon: a supply of fixer-uppers, a decade of falling rates, and fast-growing funds that kept buying from each other at higher prices. A few rate cuts help the debt; they don't re-create that decade." Full piece from a16z's Jen Kha: a16z.news/p/is-private-e… Not an offer or solicitation. None of the above should be taken as investment advice or an advertisement for investment services. Please see a16z.com/disclosures for more information. Jen Kha @jkhamehl x.com/i/article/2117… 🔗 View Quoted Tweet 💬 8 🔄 2 ❤️ 29 👀 8495 📊 8 ⚡ Powered by xgo.ing