Doyl Burkett, founder and Managing Partner of Integrity Growth Partners ($800M+ AUM), joins Stu Willson to argue that AI won't compress private equity evenly, it will sort it. Companies and the GPs who own them split into three buckets: AI-native, defensible-moat, and undifferentiated. Doyl walks through where he breaks from consensus, the CAPE framework (Comprehensive AI Process Enhancement) he runs across sourcing, reporting, and operations, the six moats he underwrites for in the AI age, a prop-tech deal where Integrity used its own AI sourcing engine to find the acquisition that nearly doubled a portfolio company's revenue line, and the AI-adjacent decision he'd most want to redo.