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positioning.

11 posts tagged positioning.

23

Add-on acquisitions: how sourcing differs from platform deals

Platform deals get sourced from a national funnel. Add-ons get sourced from a tight radius around an asset the firm already owns, and almost nobody writes about the difference.

May 15 / 26sourcing6 min
22

DealCloud alternatives: an honest comparison for PE operators

DealCloud is configurable, slow to deploy, and priced for the upper-middle-market. Most firms shopping alternatives need a framework, not another vendor list.

May 15 / 26positioning5 min
21

Independent sponsor economics in 2026: what the cohort actually earns

Real fee, carry, and rollover ranges for fundless sponsors, pulled from the McGuireWoods survey and the law-firm primaries that nobody quotes in full.

May 15 / 26positioning6 min
20

What proprietary deal flow actually looks like at the lower-middle-market level

Proprietary deal flow is a system, not a tool and not a Rolodex. What the system looks like at LMM scale, and what running it actually costs.

May 15 / 26sourcing5 min
17

Outsourced deal sourcing: when it works, when it breaks

A buyer's guide to the three models of outsourced sourcing (offshore analyst farms, agency retainers, software-with-services) and the structural reason each one tends to stall around month six.

May 05 / 26sourcing6 min
16

When 'AI deal sourcing' is just a wrapper (and when it isn't)

Most AI deal sourcing pitches are GPT prompts on top of someone else's database. Here is what AI actually doing the work looks like: signal discovery, scoring iteration, and a ranking function the firm owns.

Apr 28 / 26sourcing6 min
15

When PitchBook isn't the answer (and what to do instead)

A PitchBook alternative is usually the wrong frame. The right question is whether the firm should rent another aggregator or own the layer that sits above it.

Apr 21 / 26positioning5 min
11

Why most M&A cold outreach fails

The SERP blames the email. The data, when you look at it, blames the list and the cadence. A view from the people who build the pipelines that feed these campaigns.

Mar 18 / 26sourcing6 min
07

What an open EBITDA multiples database would actually need to do

Every result on page one for EBITDA multiples by industry 2026 is either a public-company aggregate from January or a private-company range with no sample size. Here is what a live, sortable, filing-driven version of that table would have to ship.

Jan 08 / 26research6 min
04

Building an off-market pipeline that doesn't rot

Off-market deal sourcing for M&A buyers is a pipeline problem, not a list problem. What owning that pipeline changes about which founders you actually reach, and when.

Dec 02 / 25sourcing6 min
01

How the $5M-$50M EBITDA segment actually moves

Lower middle market private equity reads like the upper middle market from a distance. Up close, the target firms, the sourcing math, and the bandwidth problem are different enough that copying the playbook breaks.

Oct 21 / 25positioning5 min