目录复苏进程:分阶段恢复 22025年私募股权展望:复苏态势初显? 3生成式AI在私募股权领域的崛起:实地观察 33软件投资新命题:如何实现利润增长 40私募股权支持的企业分拆:昔日赢家缘何褪色? 46今时不同往日:私募股权的战略要务 54ContentsPrivate Equity Outlook 2025: Is a Recovery Starting to Take Shape? 3Field Notes from the Generative AI Insurgency in Private Equity 33Wanted: Margin Growth in Software Investing 40PE-Backed Carve-Outs Used to Be Reliable Winners So What Happened? 46This Time It’s Different: The Strategic Imperative in Private Equity 54