Private Capital Turns to Heavy Assets as Software Trade Dims

Private Capital Turns to Heavy Assets as Software Trade Dims

(Bloomberg) — Private capital firms are starting to swap software systems for hard hats as the artificial intelligence boom forces the industry into a quick rethink of its priorities.

Private capital pivots to ‘real assets’ as software enthusiasm cools

Global buyout firms including Blackstone, Bain Capital and Brookfield Asset Management are increasingly shifting capital away from software and toward industrial and asset-heavy sectors, according to a report by Bloomberg. Rapid advances in artificial intelligence have prompted a reassessment of risk and long-term value across private markets, with firms signalling a growing preference for so-called “hard asset” investments – businesses with tan…