Beyond 60/40 Ep. 53: How AI Is Redefining Software Growth

Agentic AI is ushering in the next major evolution of software—and private markets are moving quickly to adapt. In this episode of Beyond 60/40, Sonali Basak, iCapital’s Chief Investment Strategist, is joined by Monti Saroya, Co-CEO of VistaOne and Senior Managing Director at Vista Private Equity. Monti shares why agentic AI represents a step-change in software economics, how it removes traditional SaaS growth constraints, and why private companies may be best positioned to lead this transformation. The conversation explores how usage-based AI models are reshaping competitive advantage, why enterprise AI must be highly accurate and human-supervised in regulated industries, and how Vista is helping portfolio companies transition to AI native businesses. Monti also discusses take-private opportunities in software, infrastructure challenges around compute and data centers, and why he believes AI will ultimately boost productivity, GDP, and outcomes for society.