New Mountain Capital CEO: AI SaaSpocalypse Is Overstated
TL;DR
Steve Klinsky, Founder and CEO of New Mountain Capital, discussed the current state of private markets. He noted that recent redemption requests were primarily from retail investors in credit funds, which did not significantly impact institutional investor appetite. Klinsky highlighted that smarter institutional investors are increasingly moving into credit to capitalize on lower prices. He speaks with Romaine Bostick & Katie Greifeld on "The Close.
Nauti's Take
For teams building AI products, this shifts the funding logic more than the headline: capital may get more selective, but it is not disappearing. Verify first whether your model holds up on real margins, clear differentiation, and durable retention.
A Bloomberg CEO interview is still one signal, not proof of market health, so watch actual deal flow and follow-on rounds next.
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