Stay Connected this Summer with the SPS Mobile App
Summer is officially here – along with its usual flurry of travel, events, and family fun in the sun. During this busy season, PE firms are famously challenged with lost momentum on deal flow and difficulty identifying new relationships, and BD professionals are doing everything they can to maintain contact with key advisors. SPS keeps you connected, and it’s as easy as pulling out your phone for five minutes.
Source Talks ep. 40
In this episode, we speak with David Magdol, President & CIO at Main Street Capital Corporation about their minority equity investment strategy and the value of intelligent information in deal sourcing.
PE Firms Get Creative to Keep Deals Flowing
Deal volume is well off its peak, and that’s compelling PE firms to get creative when it comes to getting transactions done. That was the upshot of a recent webinar featuring Harv Barenz, partner at Palo Alto-based buyout firm HGGC; Dominic Chan, director and head of financial sponsor coverage at San Francisco-based investment bank Vaquero Capital; Andrew Morrow, Los Angeles-based managing director in the financial sponsors group at Houlihan Lokey; and Nadim Malik, founder and CEO of New York City-based SPS by Bain & Co.
Preempt the Summer Slowdown – Where to Find Active Advisors
According to an SPS analysis on relationship churn, 40% of advisory firms that were active in 2021 were not in 2022, while 15% of active intermediaries in 2022 sold a business for the first time during that period. As a result, data-savvy PE firms are turning to technology to help combat CRM staleness and proactively identify new relationships with active relevant intermediaries.