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Happy Friday and welcome to another edition of Axial Radar!
Virtual deal making is old news at this point. Business owners and investors have become increasingly more comfortable handling major parts of the M&A process virtually, in response to ongoing travel restrictions and social distancing mandates.
Virtual fundraising? Now that’s a whole different story.
According to recent data from Pitchbook, first time GPs are statistically more likely to hit an IRR of 25% or more. Despite that staggering return potential, LPs have dragged their feet in committing to first time fund managers because of the inability to meet in person over the last 12 months. Head down to this week’s featured Industry Trends section of Radar to read more about the creative virtual steps LPs are taking to get comfortable with first time GPs.
Our featured buy-side members this week include a Pittsburgh-based PE firm, a values oriented investment firm, and an urban development and infrastructure holding company. On the sell-side we’ll introduce you to a lower middle market investment bank and a leading advisory firm focused on assisting clients secure funding and debt capital.
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