Blackstone, Bain, Brookfield Move From SaaS To 'HALO' Bets

The private credit market is ditching software and favoring industrial and asset-heavy sectors.Major firms like Blackstone, Bain Capital, and Brookfield Asset Management are now targeting “Heavy Asset, Low Obsolescence (HALO)” companies due to their lower exposure to technological disruption, Bloomberg reported.HALO companies rely on substantial physical capital with high barriers to replication. They own assets whose economic relevance persists across technological cycles. Examples include transmission gri ...