From the Front Lines

    Insights, stories, and updates from our team.

    Latest Articles

    Market Thesis

    Baby boomer business succession: the 70% problem

    May 17, 2026 · Jeff Barnes

    Six million boomer-owned businesses face ownership transitions by 2035. Ninety-two percent will close instead of sell. Here's why — and what changes that.

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    Private Equity

    Lower middle market private equity: the alpha story

    May 16, 2026 · Jonathan Bates

    LMM PE outperforms large-cap by 400–500 bps annually. Here’s the structural reason — and what it means for business owners and LPs.

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    Veteran Business

    Veteran business exit planning: what owners get wrong

    May 15, 2026 · Jeff Barnes

    Most veteran business owners leave money on the table — and risk losing their federal contract pipeline — because exit planning comes too late.

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    Search Fund

    Search fund vs private equity: what operators choose

    May 15, 2026 · Jonathan Bates

    Search funds give operators 25–30% direct equity. PE gives carried interest. For veteran operators considering ETA, the difference is everything.

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