Private credit lenders say their big software bet faces an AI reckoning — but not a ‘SaaSpocalypse'

AI is forcing a reckoning for private credit's huge software bet, with prominent investors telling CNBC that the technology will forge winners and losers, rather than wipe it out in the so-called " SaaSpocalypse ." Private credit specialists at firms, including Ares and Man Group , told CNBC that AI would force lenders to distinguish between software companies that could adapt and those that would disruption. …