It's no secret that AI has become a splitting headache for private equity, or at least for funds that bought big into enterprise software.

But this isn't just a backward-looking problem, which can be temporarily stemmed by Q1 equity markdowns and maturing debt renegotiations.
Almost every industry big that spoke to Axios at the Milken Global Conference this week said that AI has created massive modeling challenges for new deals, almost regardless of sector.

Private equity is a long-term asset class, typically holding portfolio companies for a minimum of three or four years. READ MORE