It’s been said that private equity has a crush on technology. But dismissing the growing relationship as a crush would not only do it a significant disservice, it would miss the undercurrents at play that are making technology such an attractive, long-term private equity target. Those raising flags insist we’re witnessing the private equity equivalent of the Gold Rush. The analogy suggests that a wave of funds are now chasing a limited number of appropriate tech investments and will soon find...