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John L. Bowman

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  1. Milken Institute57 min

    Middle Market Private Equity: The Smart Money's Next Move | Global Conference 2025

    John L. Bowman, R. David Andrews, Dean Mihas, Molly Murphy, Scott Spielvogel, Andrew Weinberg

    Managing nearly $25 trillion, the alternatives industry is pivoting from financial engineering to operational excellence and AI-driven value creation amid an elongated market cycle characterized by suppressed IPO activity and limited M&A supply. Industry leaders are refining differentiation strategies through aggressive AI deployment, specialized management screening by industrial psychologists, and creative exit tactics like recapitalizations to navigate geopolitical volatility and valuation dislocations. As the sector adapts to a future where 98% of finance jobs face AI disruption, general partners are evolving into long-term operating partners to capitalize on the impending $105 trillion wealth transfer while prioritizing earnings quality over gross multiples.

  2. Milken Institute1h 1m

    Private Credit: Innovation, Strategy, and Distressed Debt in a Maturing Market | Global Conference

    John L. Bowman, Michela Bariletti, Paul Horvath, Joe McCurdy, Rudy Sahay

    Private credit in the U.S. has matured into a $3 trillion primary capital source, driven by regulatory shifts post-GFC and a strategic pivot toward re-integration with banks rather than disintermediation. While the U.S. market faces competition from large BDC ecosystems, European opportunities are emerging through Solvency II reforms and Brexit-related dislocations, prompting institutional investors to favor aligned partners who prioritize long-term control over deal velocity. To navigate rising leverage risks and geopolitical volatility, leading firms are deploying AI-driven underwriting and targeting $2 billion mid-market deals that offer superior covenant protection and recovery rates.