A Massive Software Rout: Private Equity Faces Looming Credit Contagion

A massive sell-off in software stocks, fueled by fears that autonomous AI agents are cannibalizing the SaaS business model, has wiped out $285 billion in market value. This 'Tech Wreck' is now spilling over into the private credit and private equity sectors. Analysts warn that high exposure to software-related debt could trigger a credit crisis for major alternative asset managers as valuations collapse and default risks rise.