How Bosnia, Furman, and HIG Capital Shaped Adi Filipovic
Adi Filipovic explains how fleeing war in Bosnia, playing guard at Furman, and meeting HIG Capital's Fred Sturgis led to private equity.
Private Equity Software Investing with Adi Filipovic
With Sean Mooney, Adi Filipovic · Sunday, October 4, 2026
Adi Filipovic, Managing Director at Resurgens Technology Partners, joins Sean Mooney to discuss his journey from Bosnian refugee and college athlete to software private equity investor. He details the operational value creation structure Resurgens uses to scale portfolio companies, analyzes why the software deal market has slowed amid artificial intelligence disruption, and explains how behavioral economics concepts like anchoring and the endowment effect impact investment decision-making.
Key takeaways
- Adi Filipovic arrived in the United States in December 1994 as a child refugee from war-torn Bosnia, settling with his family in Augusta, Georgia. Read more →
- Adi Filipovic applies behavioral economics from Daniel Kahneman and Richard Thaler (whom he studied under at Chicago) directly to private equity deal screening. Read more →
- Software returns have shifted entirely from multiple expansion at entry to operational execution during the hold period. Read more →
- Dedicated software buyout funds have quietly halted new platform acquisitions, choosing to hold uncalled capital while evaluating artificial intelligence disruption. Read more →
4 articles from this episode
Why Deal Teams Overpay: Adi Filipovic on Cognitive Bias in PE
Adi Filipovic explains how the endowment effect and price anchoring distort private equity investment committee valuations and deal selection.
Resurgens 5-Bucket Operating Model for Software PE
Resurgens Technology Partners splits its 50-person firm equally between dealmakers and operators. Here is their five-bucket value creation model.
Why Software PE Sponsors Stopped Wiring Capital
Adi Filipovic of Resurgens Technology Partners explains why software buyout shops are pausing platform deals amid artificial intelligence uncertainty.
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