The PE Software Backlog: Will 1,000+ Unicorns Ever Get Sold or Go Public?

Private equity has an exit problem. According to SaaStr, the industry is holding approximately thirty-two thousand unsold portfolio companies valued at three point eight trillion dollars. At the current pace, clearing that backlog will take roughly nine years—and that's the conservative estimate, per the Wall Street Journal and Bain's 2026 Global Private Equity Report.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton