Apollo’s Sambur Sees Prolonged Period of Software Pain for Private Equity

Buyout firms are on the brink of a software reckoning, having failed to spot signs that technologies like artificial intelligence would upend one of private equity’s favorite sectors, according to one of Apollo Global Management Inc.’s top executives.

“Only now have people focused on the multi-car pileup that’s about to happen on the software investing highway,” co-head of private equity David Sambur said in an interview. “It was all there if you were willing to see it in 2022.”