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Will ChatGPT find your next deal? We’ll let you know. Plus, new transactions from AIP, Comvest, Monomoy

Good morning, Hubsters. MK Flynn here with the Wire.

At PE Hub, we’ve been thinking a lot about the impact ChatGPT and generative AI will have on private equity.

Today, we’ve got a Deep Dive into how generative AI is being used – already - in the deal sourcing process.

But before we get to that story, let’s take a quick look at some of today’s most interesting deal news from Monomoy, AIP and Comvest.

Direct mail

Monomoy Capital Partners has acquired Japs-Olson Company, a family-owned provider of direct mail marketing services for the financial services, nonprofit, insurance, healthcare, retail markets.

Subscribers to the premium version of the Wire will learn more about the transaction and which marketing channel generates the highest ROI.

Power play

CES Power, a Memphis-based provider of power and temperature control for large events, has acquired Immedia Event Productions, a Cherry Valley, Massachusetts-based company that provides power generation and HVAC services for events throughout the northeastern US.

Subscribers will discover more here.

Water, water everywhere

Duke’s Root Control, an Elgin, Illinois-based provider of wastewater and gas-focused inspection, diagnostics, and remediation services has acquired Underground Infrastructure Services (UIS) of Livonia, Michigan.

PE Hub subscribers can dive into the deal here.

ChatGPT on tap

The deal sourcing process promises to get a lot faster and a lot better, thanks to generative AI. 

PE Hub’s Rafael Canton spoke with a range of dealmakers at private equity and folks at third-party origination services to find out what’s possible today and what’s coming tomorrow.

To gain access to their insights, subscribe to PE Hub today and read Rafael’s story.

More to come

At PE Hub, we’ve been talking to a lot of PE firms, advisers and service providers about generative AI, and we’ll be sharing their insights over the coming weeks.

If you’d like to weigh in, we’d love to hear from you.

Reach out to us at:

• Mary Kathleen Flynn:  [email protected]

• Obey Martin Manayiti: [email protected]

• Rafael Canton: [email protected]

That’s all for now. Buyouts’ Chris Witkowsky will be with you tomorrow for Wednesday Wire.

I’m taking a little time off and will be back with you again on the 15th.

Until then, happy dealmaking,

MK

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Insight Partners is seeking at least $17 billion for its 13th flagship fund, roughly in line with the amount closed on its predecessor in 2022. (Buyouts)

The current debt market of high interest rates and a retreating banking sector has convinced some of the “bigger name” players in the food and ag space to turn to private credit providers, said Cédric Garnier-Landurie, Cordiant Capital managing director, head of agriculture value chain. (Agri Investor)

After a tough few years for the transport sector, marked by pandemic lockdowns and travel restrictions, the past 12 months have seen consumer demand return to some semblance of normality and investor appetite has started to rebound. Here are key trends driving the sector. (Infrastructure Investor)

Fundrise, a Washington, DC-based alternative asset manager, this month rolled out its first dedicated real estate debt strategy, Opportunistic Credit Fund.  The firm hopes to raise $500 million by 2024. (Private Debt Investor)

PAG, one of Asia’s most established private equity firms, is seeking ways to deliver liquidity to its LPs via the secondaries market, Secondaries Investor has learned.

Pelion Venture Partners, a Utah-based tech investor, has held a first close on its eighth flagship fund, with support from the Los Angeles Fire & Police Pension System and San Francisco Employees’ Retirement System. (Venture Capital Journal)