https://www.benzinga.com/views/taxonomy/term/21793 en https://www.benzinga.com/markets/private-markets/26/03/51446309/blackstone-bain-brookfield-move-from-saas-to-halo-bets?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=topic <p><a href="https://www.benzinga.com/topic/private-credit">The private credit market</a> is ditching software and favoring industrial and asset-heavy sectors.</p> <p>Major firms like <strong>Blackstone</strong>, <strong>Bain Capital, </strong>and <strong>Brookfield Asset Management</strong> are now targeting &#8220;Heavy Asset, Low Obsolescence (HALO)&#8221; companies due to their lower exposure to technological disruption, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-23/private-capital-turns-to-heavy-assets-as-software-trade-dims">reported.</a></p> <p>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 grids, pipelines, utilities, transport infrastructure, critical machinery, and long-cycle industrial capacity.</p> <p><strong>Goldman Sachs</strong> strategists <strong>Guillaume Jaisson</strong> and <strong>Peter Oppenheimer</strong> <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/26/02/50818143/goldman-sachs-halo-stocks-ai-market-leadership-shift">noted</a> last month that ...</p><p><a href=https://www.benzinga.com/markets/private-markets/26/03/51446309/blackstone-bain-brookfield-move-from-saas-to-halo-bets?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=topic alt=Blackstone, Bain, Brookfield Move From SaaS To &#039;HALO&#039; Bets>Full story available on Benzinga.com</a></p> Bain Capital Blackstone Group Brookfield Asset Management private equity Private Markets Stories That Matter Markets Private Markets Markets Benzinga Tue, 24 Mar 2026 21:03:36 +0000 Caroline Ryan 51446309 at https://www.benzinga.com