Adams Street：私募市场2026年展望报告：在更大的人工智能应用中提高流动性（英文版）

In venture capital, the focus is shifting from building AI infrastructure to broader enterprise adoption. In buyouts, corporate carveouts and sponsor transactions account for a larger share of deal flow, which we expect to accelerate as financing conditions ease and valuation spreads narrow ▪ In growth equity, enterprises that move from experimentation to full-scale deployment of AI systems across departments, creating broad-based spend reallocation toward AI-native solutions, are more likely