McKinsey August 1, 2024
Private equity firms can reach greater heights by integrating generative AI into their businesses, but getting started requires a thoughtful approach.
In this episode of Deal Volume, McKinsey’s podcast on private markets, McKinsey partner and host Brian Vickery speaks with senior partner Ben Ellencweig. Ben leads alliances and partnerships for QuantumBlack, AI by McKinsey, and spends much of his time working with private equity (PE) firms and their portfolio companies. In this discussion, they get beyond the hype surrounding generative AI (gen AI) and discuss its implications for PE stakeholders. An edited version of their conversation follows.
How gen AI can take PE firms to the next level
Brian Vickery: Let’s start by clarifying a few definitions. Companies have been...