The trajectory of technology investing has experienced significant ups and downs, marked by a recent turbulent period from which it is now beginning to stabilize. This market upheaval, largely resulting from the post-2021 correction, has opened up fresh opportunities for investment, especially in high-quality software and tech assets. Large-cap buyout funds are increasingly focusing on take-privates and carve-outs as public tech companies adapt to a changing environment. The recalibration of tech company valuations, driven by factors such as inflation and rising interest rates, presents new avenues for private equity portfolios. Meanwhile, challenges like a slow fundraising market, LPs' overallocation, and pressure on GPs to realize tech investments have further influenced investment flows.
Over the past two decades, tech investing saw continuous growth, peaking in 2021 with record investments. However, a correction in 2022 led to decreased activity as valuations were forced to reset. Nonetheless, insights from industry experts like Greg Cibuzar and Jimmy Suruki indicate that while market conditions are improving, the path to full recovery remains cautious, with a gradual return to investment confidence expected. Despite ongoing valuation challenges and a "wait-and-see" approach among investors, there is optimism for a rebound, with stable market conditions anticipated for 2025. This evolving landscape underscores the enduring allure of tech assets and the strategic shifts within private equity to capitalize on promising opportunities.
Read the Full Article
Alvarez & Marsal's Global Transaction Advisory Group Continues Growth of Senior Talent Roster in U.S.
September 29, 2026
Alvarez & Marsal (A&M), a leading global professional services firm, today announced the appointment of Luka Mimica as a Managing Director within its Global Transaction Advisory Group (Global TAG), based in New York.
Purchase Accounting and ASC 842 Rent: Why “GAAP Rent” Can Change Overnight in Restaurant Deals
September 24, 2026
Lease expense often represents one of the largest operating expenses for restaurant companies. Given its magnitude, it is a key focus of financial due diligence in restaurant transactions. It is important to understand how lease expense could change post-transaction when a company’s existing lease accounting is subject to purchase accounting.
Conversations with Anthony Caporrino: Software Investing and the New Rules of Value Creation
September 15, 2026
In this episode, Alvarez & Marsal Global Transaction Advisory Group Managing Directors and U.S. Technology Industry Group Co-Leaders, Kacey Coles and Sean St. Germain join Anthony Caporrino to discuss how investors are assessing software and technology businesses in an environment shaped by AI, cybersecurity, shifting valuation dynamics, and heightened scrutiny around recurring revenue and scalability.
AI moves from pilot to production across BFSI, but capturing P&L value remains the next frontier I Beams - A&M Report
September 9, 2026
Beams Fintech Fund, in partnership with Alvarez & Marsal (A&M), launch Beyond the AI Pilot: Scaling Value in BFSI, a report examining the evolution of AI adoption across India’s banking, financial services and insurance sector, and the challenge of translating operational impact into sustained economic value.
