Perspectives on the marketplace, M&A reviews, case studies, the trends we're tracking, and the playbooks behind our work.
Case studyA heritage club lost three quarters of its value in eight months. The pipeline the price rested on cleared at 24%.

Six shifts we're tracking — private credit, agentic AI, the democratization of private markets.
FeaturedFinancial-services dealmaking roared back — value up 49%. What drove it, and what carries into 2026.
Case studyMapping the operating model and benchmarking every vendor took out $77M in annual cost.
Case studyDiligence to Day 1 on a transformational alternatives acquisition — ~$55M in net synergies underwritten.
ThesisAI has commoditized research and frameworks, and leverage no longer reliably produces returns. Value now has to be built operationally.
Case studyAn operating-model change to a self-clearing BPO platform unlocked $102M in net new revenue.
PlaybookThe operator's field guide to getting a deal done — and realizing the value after close.