<p>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.</p><br><p><strong>In this episode: </strong></p><p>00:00 - Is AI Killing Software?</p><p>03:04 - Introducing Claire Smith</p><p>05:02 - SaaS Sell-Off: Public vs Private Markets</p><p>07:41 - Building an AI Threat Matrix</p><p>13:38 - AI Opportunities Inside Private Equity</p><p>18:37 - Boring Businesses with Sticky Revenues</p><p>25:26 - How Schroders Assesses Private Equity Managers</p><p>34:06 - Adding Private Equity to a Portfolio</p><br><p><strong>ETFs and stocks mentioned: </strong>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).</p><br><p>To deepen your understanding of investing in small to mid-cap semi-liquid private equity, visit Schroders Australia's <a href="https://www.schroders.com/en-au/au/adviser/seriously-invested-in-private-equity/?utm_medium=email&amp;utm_source=equity_mates&amp;utm_campaign=schroders-au-private_assets&amp;utm_content=equity_mates_600x315banner&amp;utm_creative_format=banner&amp;audience=intermediary&amp;utm_marketing_tactic=engagement" rel="noopener noreferrer" target="_blank">private equity hub.</a></p><br><p><strong>Newsletter recommendation: </strong><a href="https://pefox.com/" rel="noopener noreferrer" target="_blank">https://pefox.com/</a></p><br><p>———</p><br><p>Want to get involved in the podcast? Record a <a href="https://tinyurl.com/4uw5f58j" rel="noopener noreferrer" target="_blank">voice note</a> or <a href="https://tinyurl.com/2hyfsrw7" rel="noopener noreferrer" target="_blank">send us a message</a></p><br><p>And come and join the conversation in the Equity Mates <a href="https://www.facebook.com/groups/equitymates/" rel="noopener noreferrer" target="_blank">Facebook Discussion Group</a>.</p><br><p>———</p><br><p>Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing – <a href="https://linktr.ee/equitymates" rel="noopener noreferrer" target="_blank">we’ve got you covered</a>.</p><br><p>Keep up with the news moving markets with our <a href="https://tinyurl.com/2saau2ky" rel="noopener noreferrer" target="_blank">daily newsletter</a> and podcast (<a href="https://tinyurl.com/yxm3mm2c" rel="noopener noreferrer" target="_blank">Apple</a> | <a href="https://tinyurl.com/299dedpd" rel="noopener noreferrer" target="_blank">Spotify</a>)</p><br><p>We’re particularly excited to share our latest show: Basis Points</p><br><p>Listen to the podcast (<a href="https://tinyurl.com/2zmumf7v" rel="noopener noreferrer" target="_blank">Apple</a> | <a href="https://tinyurl.com/mr4x8tae" rel="noopener noreferrer" target="_blank">Spotify</a>)</p><br><p>Watch on <a href="https://tinyurl.com/yc596wem" rel="noopener noreferrer" target="_blank">YouTube</a></p><br><p>Read the <a href="https://basispoints.beehiiv.com/" rel="noopener noreferrer" target="_blank">monthly email</a></p><br><p>———</p><br><p>Looking for some of our favourite research tools?</p><p>Download our free <a href="https://tinyurl.com/7k2z7ebx" rel="noopener noreferrer" target="_blank">Basics of ETF handbook</a></p><p>Or our free <a href="https://tinyurl.com/4zjkm3pt" rel="noopener noreferrer" target="_blank">4-step stock checklist</a></p><p>Find company information on <a href="https://www.tikr.com/?ref=equitymates" rel="noopener noreferrer" target="_blank">TIKR</a></p><p>Research reports from <a href="https://goodresearch.com.au/ref/equitymates/" rel="noopener noreferrer" target="_blank">Good Research</a></p><p>Track your portfolio with <a href="https://www.sharesight.com/au/equitymates/" rel="noopener noreferrer" target="_blank">Sharesight</a></p><br><p>———</p><br><p>Equity Mates Investing is a product of Equity Mates Media.</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>