On March 23, 2026, with the development of AI technology, private capital firms are readjusting their investment priorities, shifting their focus from software system assets to low-obsolescence heavy assets. Institutions such as Blackstone Inc., Bain Capital, and Brookfield Asset Management have all indicated that they will increase their attention to such assets. These investment targets, known as HALO deals, cover manufacturers of products such as ship engines and conveyor belts, which are considered less likely to be replaced by AI.
