Large private equity managers intensify M&A in artificial intelligence and construction software

Global private equity funds, including giants such as Blackstone, Hellman & Friedman (H&F), Thoma Bravo and PSG, have accelerated the pace of acquisitions in the technology sector, directing capital toward artificial intelligence (AI) services and building software. The movements, recently announced in the North American market, reinforce a broad strategy of modernization of portfolio companies and the search for defensive theses

In the artificial intelligence segment, Ode — a platform accelerated by Blackstone and Hellman & Friedman in partnership with Anthropic — completed the acquisition of Casper. The movement seeks to expand the services and integration of Claude's virtual assistant capabilities into complex corporate flows. The transaction exemplifies the current thesis of large funds to invest not only in the development of AI, but in the infrastructure of services in

At the same time, the software ecosystem for the construction industry attracted significant investments from managers focused on technology and the middle market, such as PSG, Thoma Bravo and Nexa Equity. The search for automation on the construction site, cost management and schedule control has driven the consolidation (*roll-up*) of companies developing specialized solutions. With the construction sector and *real estate* under pressure by efi

For investors, hedge funds and Latin American family offices operating on the Brazil-US axis, the dynamic offers clear signals about the fate of US private capital. The convergence between private equity, artificial intelligence and real estate technology creates precedents of valuation and business models that often influence the venture capital and M&A market in Brazil.

The progress of these transactions demonstrates that, even in a scenario of higher interest rates in the United States, private equity managers maintain significant dry powder to allocate to high productivity assets. The ability to generate alpha through digital transformation and operational automation remains the key driver of value creation for the world's largest institutional investors.