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Everything dealmakers need to know about AI agents, plus legal tech deals from BayPine, Harbor, Arcapita

Good morning, Hubsters! Rafael Canton here with the US edition of the Wire from the New York newsroom.

This edition of the Wire will focus heavily on the technology sector. Let’s start with generative AI. To learn more about where PE firms are at in using GenAI for dealmaking and deal sourcing, PE Hub spoke recently with Keith Campbell, global lead of mergers and acquisitions for West Monroe.

Then, we’ll stay in the tech sector. Increasing AI adoption is one of the reasons for deal activity in legal tech according to a sector brief of the first half of 2025 from Harris Williams.

Finally, we’ll finish up with a recent deal announcement. GTCR will make a significant investment in Clear Capital. Clear Capital is a real estate analytics, data solutions, and valuation technology business.

AI agents

Private equity firms continue to invest in developing new innovations to improve dealmaking and deal sourcing processes.

To learn more about how far along private equity firms are in deploying generative AI, PE Hub spoke recently with Keith Campbell, global lead of mergers and acquisitions for West Monroe, a Chicago-based business and technology consulting firm that advises private equity firms.

Subscribe to the premium version of the Wire to learn more about what progress PE firms have made in GenAI and where the next evolution in PE is happening.

Enhancing legal tools

Increasing adoption of AI, evolving legal billing processes and increased value of data are a few of the reasons for rising M&A interest in the legal tech sector according to Harris Williams’ Legal Tech sector brief of the first half of 2025.

PE Hub has seen several deals in the subsector recently. In June, BayPine took a majority stake in Harbor Global, a Chicago-based legal tech firm. In May, Lateral Investment Management-backed Morae acquired Gimmal, a Houston-based governance software business. Morae is a legal tech firm. Also in May, Arcapita acquired a majority stake in Trustpoint.One, an Atlanta-based legal tech firm.

Gain access to the report and insights from Harris Williams on why the legal tech sector has seen deal activity by subscribing to the premium version of the Wire.

Leveraging expertise

In a deal announcement from yesterday, GTCR will make a significant investment in Clear Capital. Based in Reno, Nevada, Clear Capital is a real estate analytics, data solutions, and valuation technology business.

Upgrade to the premium version of the Wire to read more about the deal.

That’s it for me. If you have any questions, thoughts, or want to chat about deals in the tech, consumer or sports sectors, please email me at rafael.c@pei.group.

Tomorrow, Nina Lindholm will be with you for the Europe edition of the Wire and Michael Schoeck will bring you the US edition.

Cheers,

Rafael

Read the full Wire commentary on PE Hub ...

Also of note (may require subscriptions)

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Deals

They said it

“AI agents can independently gather information, analyze it, learn from experience and execute tasks. Unlike traditional automation solutions (eg, rules engines, robotics process automation), a human is not required to dictate or guide every move. When agents get deployed, that’s when I think we’ll start to see more of the work that can replace humans.”

— Keith Campbell, global lead of mergers and acquisitions for West Monroe, on what generative AI will look like for PE firms in the future

Today's letter was prepared by Rafael Canton

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