In today’s edition of PE International, the headline “Side Letter: Keeping an AI out” underscores that a simple AI label is insufficient to capture LP interest.

The article argues that while AI is likely the dominant investment trend of 2026, the market can become saturated. Investor skepticism rises when pitches rely solely on AI hype.

Speaking with Venture Capital Journal, Rainy Guo, head of investment at New York‑headquartered multifamily office Aeterna Capital, says her firm has become wary of pitches that lean too heavily on AI without providing tangible differentiation.

Additionally, the piece notes that Spanish private‑equity funds are experiencing an exit bounce, reflecting broader market resilience despite AI fatigue. Investors now look for clear value creation mechanisms, robust ESG frameworks, and track record evidence beyond AI claims.