Side Letter: PE’s AI-mplications; IMM’s 3.5x exit; MacDonell’s London move

Consultancy AlixPartners unwraps the ways in which private equity could be transformed by generative AI. Plus: LP veteran Allen MacDonell has joined a hefty UK institution; and Korea's IMM Private Equity has notched up a strong exit while fundraising. Here’s today's brief, for our valued subscribers only.