Allison McNeely

KKR & Co.’s co-chief executive officer Scott Nuttall said it was likely that the alternative asset manager would eventually start trading private credit, following early efforts by Apollo Global Management Inc. to create a market for less liquid debt.

The value of private equity technology deals has plunged since the end of last year as investors have grown more cautious about what companies are worth in the age of artificial intelligence, according to a Bain & Co. report.

Global buyout deal value fell 70% to $20 billion in the first quarter as fewer large deals were completed, Bain said in the report, which analyzed data from Dealogic. Valuations of software companies fell about 8% in the period, compared with a decline of 0.3% for all other sectors.

The billionaire behind Thoma Bravo is seeking to reassure investors that the private equity firm is ready to embrace AI — and that its losing bet on Medallia is a one-off.

Orlando Bravo was quick to see the disruptive potential of software, making a series of lucrative bets on the sector that turned him into a billionaire and transformed the buyout shop he leads, Thoma Bravo, into an industry powerhouse. Now, the disruption is coming for his own firm.

Pitching an institutional investor on a single private equity deal rather than a diversified fund was long deemed the sign of a buyout newcomer or a struggling rainmaker.

Pitching an institutional investor on a single private equity deal rather than a diversified fund was long deemed the sign of a buyout newcomer or a struggling rainmaker.

Koch Inc. is exploring a sale of Edged, the data center developer it cofounded to build projects for the biggest hyperscalers, according to people with knowledge of the matter.

KKR & Co. posted a record profit in the second quarter, fueled by $1.29 billion of asset sales, the most in the firm’s 50-year history.

KKR & Co. is weighing one of its first investments in a new unit that provides capital to alternative asset managers, a push it said could eventually grow into a $100 billion business.