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Software valuations are under pressure as nearly 50% of software loans in the US that are set to mature before the end of 2028 originated in 2021, when valuations were much higher. AI-native challengers are also reshaping the competitive landscape. The result is not a collapse in demand, but a recalibration of underwriting, capital allocation, and risk tolerance across private capital markets. Sign up for our webinar where PitchBook analysts will examine how the SaaS investment playbook is being rewritten. | | |
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