Independent sponsor firms’ maturity goes beyond # of deals & MOIC-to-date. It is reflected in the operations, diligence, reporting, team, and risk profile. Some firms are incredibly sophisticated, sharp & professional, and they increasingly possess the scale & resources to broaden their reach.
The table depicts the main stages of development for independent sponsor firms.
I predict the dominant column will expand in the future and/or be supplanted by a version that looks akin to branded mega buyout funds today, but stronger.
Today’s episode: Sequoya Borgman, whose 15-person team recently completed its 13th platform acquisition (where we are one of the investors).
