# Ep. 117: Scott Neuberger, Karmel Capital | Data-Driven Secondaries in Software and AI

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Text version: https://stenobird.com/podcast/private-equity-value-creation-podcast-7052671/ep-117-scott-neuberger-karmel-capital-data-driven-secondaries-in-software-and-ai.md
Podcast: [Private Equity Value Creation Podcast](https://stenobird.com/podcast/private-equity-value-creation-podcast-7052671)
Published: 2026-03-03T05:00:00+00:00
Episode link: https://www.spreaker.com/episode/ep-117-scott-neuberger-karmel-capital-data-driven-secondaries-in-software-and-ai--70403127
Audio file: https://api.spreaker.com/download/episode/70403127/419130656_44100_2_4c4c6aefd2f77.mp3
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Duration seconds: 1978

## Resource

Scott Neuberger, Co-Founder and Managing Partner at Karmel Capital, shares how later-stage secondaries can provide access to high-quality technology companies. Learn how to assess capital efficiency, management quality and growth durability using data and market signals, and get a repeatable lens for evaluating technology businesses.The conversation also sharpens how to think about AI investing over a realistic time horizon. Hear how to identify where value is likely to accrue over the next few years, why infrastructure matters in periods of rapid change and what concrete indicators suggest a credible path to liquidity in uncertain exit markets.

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## Transcript

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