AI has rattled public SaaS stocks, but private markets may be taking a more measured view. Schroders’ Claire Smith joins us to unpack how private equity is assessing AI risk, why boring businesses can be beautiful, and how Australian investors can access small private companies globally.

In this episode:

00:00 - Is AI Killing Software?

03:04 - Introducing Claire Smith

05:02 - SaaS Sell-Off: Public vs Private Markets

07:41 - Building an AI Threat Matrix

13:38 - AI Opportunities Inside Private Equity

18:37 - Boring Businesses with Sticky Revenues

25:26 - How Schroders Assesses Private Equity Managers

34:06 - Adding Private Equity to a Portfolio

ETFs and stocks mentioned: Rio Tinto (ASX: RIO), Telstra (ASX: TLS), Commonwealth Bank (ASX: CBA), Foster’s, Atlassian (NASDAQ: TEAM), monday.com (NASDAQ: MNDY), Microsoft (NASDAQ: MSFT), OpenAI, Meta (NASDAQ: META), Nvidia (NASDAQ: NVDA), Spotify (NYSE: SPOT).

To deepen your understanding of investing in small to mid-cap semi-liquid private equity, visit Schroders Australia's private equity hub.

Newsletter recommendation: https://pefox.com/

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