We meet often with CEOs to discuss AI -- a topic that is both captivating and rapidly changing. After working with over 2,000 clients in the past 2+ years, we are sharing our most recent learnings in a new series designed to help CEOs navigate AI. With most sectors going through major shifts, the focus in 2026 is on how to leverage predictive, generative, and agentic AI to fully transform organizations and create new sources of competitive advantage. In this edition, we discuss the future of Private Equity, and the role AI will play in turbocharging growth. We address key questions on the minds of executives: • How can I leverage AI to win with the new economic equation? • What does an AI-first enterprise do? • What are sector leaders doing differently, and how are they using AI solutions to accelerate their transformation? • How do I get started, and how do I get this right? This document is a guide for PE executives to cut through the hype around AI and understand what creates value now and in the future.