The Bank of England has outlined a stress test framework for private markets firms that many participants view as more severe than conditions seen during the Global Financial Crisis, according to a report by Bloomberg.

Consultancy Bain & Company is increasingly using artificial intelligence to recreate software products when assessing acquisition targets, as private equity investors adapt to rapid advances in generative AI that are reshaping how technology businesses are valued, according to a report by the Financial Times.

Private equity firm Thoma Bravo is repositioning itself for the AI era as founder Orlando Bravo works to reassure investors that a major loss on a high-profile software deal is an isolated setback rather than a broader sign of strain across its portfolio, according to a report by Bloomberg.

Senior private capital investors are increasingly warning that artificial intelligence could significantly disrupt law, accounting and other professional services businesses, raising concerns for buyout firms with substantial exposure to the sector, according to a report by the Financial Times.

Private investment major Apollo Global Management is moving closer to selecting Austin, Texas, as the location for its proposed second US headquarters, according to a report by Bloomberg citing unnamed people familiar with the matter.

Switzerland-based private markets manager Partners Group has said it has no intention of introducing further liquidity restrictions or suspending any of its evergreen investment vehicles, pushing back against recent market speculation around its funds, according to a report by Reuters.

Urs Wietlisbach, one of the billionaire co-founders of Swiss private markets firm Partners Group, is preparing to reorganise the structure of the family office that manages the founders’ combined wealth, in a move that signals early-stage succession planning, according to a report by Bloomberg citing unnamed people familiar with the matter.

CVC Capital Partners chief executive Rob Lucas believes AI will play a decisive and potentially disruptive role across private equity portfolios, and is urging firms to move quickly to adapt to rapid technological change, according to a report by Bloomberg.