Max de Groen, partner and co-head of Technology at Bain Capital, expects deal activity to pick up over the next year, citing cautious optimism as market uncertainty eases. He notes challenges with assets purchased during 2020-22 when investors paid high prices, making growth into those valuations tougher amid lower software multiples. De Groen highlights opportunities in well-positioned tech companies across sectors, including software and cybersecurity.

Genstar Capital and Aksia have made a growth investment in Richey May, an accounting and advisory firm. Separately, New Mountain Capital agreed to make a significant minority investment in Appleby Global Group, an offshore legal and corporate services business.

AI disruption remains a central theme in tech investing, with Bain backing the Open AI Deployment Company and navigating changes in software development and valuation.