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00:02Private credit firms are shifting away from software and toward industrial and asset-heavy sectors as concerns grow over technological
00:09disruption, Bloomberg reported.
00:11Firms including Blackstone, Bain Capital, and Brookfield Asset Management are targeting heavy asset, low obsolescence, companies that rely on physical
00:20capital and maintain long-term economic relevance.
00:23These include transmission grids, pipelines, utilities, transport infrastructure, and industrial capacity.
00:30Goldman Sachs strategists said artificial intelligence is disrupting business models that dominated the past decade, while software and data provider
00:37stocks declined.
00:38Blue Owl Capital closed a $7 billion digital infrastructure fund last year and plans another.
00:44Andreessen Horowitz is investing in defense, aerospace, and manufacturing, including a $175 million funding round for surface vessel maker Saronic.
00:54For all things money, visit Benzinga.com.
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