New Mountain Capital CEO Klinsky: AI SaaSpocalypse Is Overstated

Steve Klinsky, founder and CEO of New Mountain Capital, said fears of an “AI SaaSpocalypse” are being overstated, according to Bloomberg. Discussing private markets, Klinsky said recent redemption requests were mainly from retail investors in credit funds and did not materially affect institutional investor appetite. He added that institutional investors he described as “smarter” are increasingly moving into credit to take advantage of lower prices.