Those fears have spread across the financial system, from equity markets into credit markets and the capital-raising process for companies in that sector. Software stocks have been selling off for months, along with shares of asset managers who have bought and lent to them. Mahesh Saireddy, co-head of the Goldman Sachs Capital Solutions Group, formed last year to finance large deals and lconclude to corporate clients, declared the issue crossed sectors.
“It’s not just software, it’s other industries that are obtainting disrupted that will obtain a lot more attention,” he informed the Bloomberg Invest conference in New York.
“For the next six, 12, 24 months, there’s going to be a lot of unknowns. So it is going to be a challenging time to underwrite things.”
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