Rank Firm HQ Activity Level*
1 Catalus Capital CT 88.7
2 Kuzari Group NY 88.1
3 The Courtney Group CA 85.8
4 Gemini Investors MA 84.0
5 Cibolo Capital Partners I TX 83.8
6 York Capital Management NY 81.7
7 Pillsman Partners CT 81.5
8 Oroco Capital MD 81.1
9 Boathouse Capital PA 80.2
10 Hayford Cardinal Holdings CAN 80.2

Activity Level: A combination of pursuit activity, number and frequency of unique firms interacted with, and how far the conversations progressed towards a closed deal. The number is then normalized to provide confidential measure of activity relative to the rest of the market.