Dana Perlman

Mergermarket spoke to Moelis’s Ryan Bell on the current state of the healthcare sector in North America. He noted that M&A fundamentals continue to improve and that the market has reached an inflection point with a growing list of high-quality companies in healthcare services and technology that have received broad interest and achieved premium results. #healthcare #mergersandacquisitions Click here to read the full article (subscription required): https://bit.ly/3RZPrO8

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Mergermarket spoke to Moelis’s Ryan Bell on the current state of the healthcare sector in North America. He noted that M&A fundamentals continue to improve and that the market has reached an inflection point with a growing list of high-quality companies in healthcare services and technology that have received broad interest and achieved premium results. #healthcare #mergersandacquisitions Click here to read the full article (subscription required): https://bit.ly/3RZPrO8

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If you are interested in an intro to the private capital markets, I am one of two presenters for a webinar tomorrow sponsored by ACG. If you would like to attend, see below

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Despite recent headwinds in the industrial sector, including geopolitical uncertainties and economic challenges, M&A activity is showing signs of resilience and potential growth. While transaction volume dropped in 2023, dealmakers are increasingly optimistic about a rebound in 2024, driven by factors such as energy, technology, and healthcare investments. As the market stabilizes and adapts to the "new normal" of interest rates, both strategic buyers and private equity firms are poised to capitalize on opportunities, particularly in the middle market where regulatory scrutiny may be less intense. https://lnkd.in/gVK-_ZVn #growthstage #REAG #mergers #business #acquisitions #lowermiddlemarket #investmentbank

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It was great to be back in Boston last week, reconnecting with returning Institute members and meeting new market and investment leaders! We are excited for the events and research areas we have coming up in the next few months! #ocio #investmentsolutions #investmentmanagement #investmentconsulting

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On the latest iCapital x Alt Goes Mainstream Monthly Alts Pulse, iCapital Chairman & CEO Lawrence Calcano and I welcome a special guest - Hightower Advisors Managing Director, Head of Alternative Investments Robert Picard - to discuss the operational challenges and solutions in private markets. In this episode, Lawrence, Robert, and I discuss: * How wealth platforms like Hightower and infrastructure operating systems like iCapital are creating straight-through-processing solutions across the lifecycle of a private markets investment for the wealth channel. * The importance of bringing alts directly to the advisor’s desktop. * Why improving the experience for advisors in private markets is critical to increasing adoption. * Why it’s important to build across the continuum of needs for different types of high-net-worth investors. * The importance of customization and differentiation with private markets solutions for advisors. * What is the biggest unlock to enabling greater flows of capital into private markets? * What are the implications of opening up the alts superhighway? Thanks Robert for joining us on the show for a fantastic discussion!

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I'm excited to share that I recently joined forces with Gregory Rush on the latest Dunn Rush & Co. LLC podcast. We delved into some crucial topics that business owners and those in the M&A market need to watch out for in 2024 and 2025. We discussed the impending changes, including the sunsetting of higher estate tax exemption levels established by the Tax Cuts and Jobs Act, new LLC reporting requirements mandated by the Corporate Transparency Act, and adjustments to transaction review levels under the Hart-Scott-Rodino Antitrust Improvements Act. These upcoming regulatory shifts are significant, and staying informed can help you navigate the complexities of the business landscape more effectively.

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Check out our quick read on the ENT & Allergy M&A market.

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🔉In this week’s The M&A Mastermind Podcast, I interviewed Kyle Griffith, CBI, CMAP, Managing Partner of The NYBB Group. We discuss crucial factors to consider when deciding if it’s the right time for a business owner to sell their company.  We took a deep dive into a comprehensive range of internal factors such as cash flow, growth strategy, key management teams, profitability, customer concentration, and predictable revenue. Kyle also examines external influences like market conditions, industry trends, the economic climate, political environment, competition, and industry drivers. Two Top Key Takeaways (and plenty more gems 💎 in the podcast) ✔️Internal factors to consider when deciding to sell a business include cash flow, growth strategy, and having a key management team in place. ✔️ External factors such as market conditions and industry trends also play a role in determining the right time to sell. Tune in now and elevate your understanding of M&A dynamics with the podcast that delivers actionable insights and unlocks the door to new possibilities. https://lnkd.in/g24i9hWu To learn more about M&A trends and insights, please like, subscribe, and rate our podcast. New episodes go live every Thursday at 9 am CST. #podcast #mergersandacquisitions #market #growth #customers

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Sharing an article we just wrote in Private Funds CFO by Hark Capital Founder and Managing Partner Doug Cruikshank highlighting the increase in market recognition and acceptance of NAV loans. Please click below to read the full article in which Doug highlights the changing LP perceptions of NAV solutions as sponsors continue to use them "to improve the returns of the sponsors portfolio, to the benefit of the sponsor's LPs". #NAVLoans #NAVFinancing #PrivateFunds #PrivateMarkets #PortfolioTool #ValueCreation #PrivateCredit #FundFinance #NAVSolutions #ManagementCompanyFinancing #PrivateEquity #GrowthEquity #PortfolioSolutions

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New research by Cambridge Associates and BCG shows that private equity and venture capital firms whose ownership is predominantly women or people of color may unlock access to differentiated deal flow for their limited partners and other investors. Read the full article here: https://ow.ly/Cf0650RJ0nk

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Seaport’s capital structure solutions team successfully advised on the strategic acquisition of Penn Capital Management Company, LLC Company LLC and SR Alternative Credit LLC by Seaport Global Asset Management. We continue to further expand our investment banking practice in this sector. We also thank the the Glenn Agre Bergman & Fuentes LLP team for their valuable support on this transaction. Both managers have long, established track records and are poised to become an integral part of the greater Seaport team. In combination with Seaport’s investment in a distribution platform and investment in client services, and its strong leadership spearheaded by Pam Lawrence, this acquisition will position Seaport Global Holdings LLC for future growth in the asset management sector. The acquisitions will expand Seaport Global’s investment in the asset management vertical with greater than $2 billion of assets under management. We welcome the respective teams at Penn Capital and SR Alternative Credit to the Seaport family. https://lnkd.in/e_ktSr5r

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An Equity Recap + Merger + Partnership all in one transaction. What a deal! Going to miss working with these terrific, talented people. But also looking forward to our next assignment. #mergersandacquisitions #privateequity

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During this private equity panel we will hear from some trailblazers that have successfully launched their firms and/or investment programs. I am sure they will be sharing some nuggets. Hope you can join us as we hear from Elizabeth Hartnett, Sophia Tsai, Bharath Srikrishnan and Neda Daneshzadeh. #emergingmanagers, #privateequity, #pensions, #investments.

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Join Bobby Moyer and Sandy Wiggins as they discuss their takeaways from a conversation with former Richmond Federal Reserve President Jeffrey Lacker, as well as a conversation about interest rates and inflation.    Important Disclosure Information: Wealthspire Advisors LLC (“Wealthspire”) is a registered investment adviser and subsidiary company of NFP Corp. This presentation is for general information and educational purposes only. It should not be construed as personalized investment, legal, tax, or accounting advice, or a guarantee that you will experience a certain level of results if Wealthspire is engaged, or continues to be engaged, to provide services. While the information is considered to be reliable, Wealthspire cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard its use. Different types of investments involve varying degrees of risk, and it should not be assumed that any investment, investment strategy, or non-investment related or planning services will be profitable, be suitable for your portfolio or individual situation, or prove successful. A copy of Wealthspire’s current written disclosure Brochure discussing our services and fees is available upon request or at www.wealthspire.com.

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Interesting article from Douglas Appell in Pensions & Investments about the post-ZIRP, “higher for longer” interest rate environment that boils down to advocating for the pursuit of satisfactory investment outcomes that are relevant to asset owners’ actual spending needs and goals, rather than continuing the historically common practice – and expected future folly – of tethering one’s equity beta to that of an equity benchmark whose performance from today’s elevated levels is widely expected to be sluggish and insufficient to fund minimum liabilities (ie: payout rates, actuarial hurdles, spending goals, etc.).   Quoting the inimitable Ben Phillips, “In that world, the relevant benchmark becomes the client’s required cash flows.”   Fresh perspectives and new ideas are warranted. Satisfactory outcomes not benchmarks.

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Why are flexible exits, such as this recently announced minority offer by KKR in PG&E, available for large businesses only? In the lower middle market, business owners do not have flexible exit options because purchasers in this space are typically interested in 100% acquisitions. PE Gate is on a mission to change that (with a proven track record). We offer minority and majority exit options for business owners in the lower middle market who are looking to remain majority or minority shareholder and plan for a larger, future exit. Please connect if you are (or know of) a business owner interested to partially sell their business, de-risk, and partner to grow for a larger, future exit. Get in touch directly or through pe-gate.com https://lnkd.in/gKHg2RQx

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Great article with comments from our CIO Matthew Rubin on the growing significance of private credit in the financial landscape in a recent Citywire article: "As long as the economic backdrop remains the way it is right now, we continue to think there'll be opportunities in private credit, and we want to be looking for innovative and novel ways for clients to be able to capitalize on that in their investment portfolios." Read full article here: https://lnkd.in/eHPGSar5 ​

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