There is data that circa 16 % of the private equity, private credit assets under management are invested in artificial intelligence, AI companies.
According to other estimates the real percentage is close to 20 % if not 30 % of private equity, private credit's assets under management are in AI related companies.
If the AI hyperscalers and the AI related Nasdaq Composite crashes, most of the listed stocks globally could fall and also non-public companies' valuation could be dragged downwards along with AI listed public stocks, if the AI boom turns into a bust.
So in a severe AI stocks led market crash it could turn out that 80 % to 100 % of private equity, private credit assets are practically AI related.
Not to mention, that if there is an AI bust, the global economy could go into recession and real estate which is large vertical of the leading private equity companies' portfolios could tank.
But for the moment, the AI boom is in full swing and the capital is still flowing strongly into AI related public and nonpublic companies.
Amazon, Meta, Alphabet and Microsoft could turn cash flow negative in the coming 3-4 quarters if they continue to invest more that 550 billion USD altogether in AI infrastructure.
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