Key Trends Shaping Micro Middle Market M&A – MMM Report for 1H 2025
The first half of 2025 marked a turning point for U.S. micro middle market M&A. As dealmakers, business owners, and investors adapt to shifting market conditions, understanding where the momentum lies has never been more critical. Houlihan Capital’s latest Micro Middle Market M&A Report analyzes the forces influencing deal activity, valuation trends, and lending dynamics […]
Top 5 Valuation Questions Crypto Fund Managers Are Asking Right Now
In the fast-evolving digital asset ecosystem, one principle remains constant: valuation consistency and defensibility are essential to investor trust. As crypto funds mature and regulatory expectations rise, fund managers are asking sharper questions about how to apply traditional valuation standards to emerging asset structures. In the latest episode of The Value Add Podcast, Houlihan Capital’s […]
The Value Add Podcast: The Hidden Cost of Internal Valuations: Why Third-party Assessments are the Gold Standard
In this episode of The Value Add Podcast, Houlihan Capital’s Director of Business Development, Monica Blocker, sits down with Joe Brennan, Director of Valuation, to discuss the Hidden Costs of Internal Valuations for investment funds. Episode 2: the Hidden Costs of Internal Valuations “Fund managers have a lot on their plates. Independent valuations take that […]
Strategic Considerations for Fairness Opinions: A Decision Framework
Introduction In today’s complex deal environment, boards and their advisors face increasingly nuanced decisions regarding whether an independent fairness opinion strengthens or actually complicates the transaction process. Market volatility, regulatory scrutiny, and evolving fiduciary standards have shifted the cost-benefit calculation around fairness opinions from a compliance exercise to a critical strategic governance decision. At Houlihan […]
Continuation Vehicles in Venture Capital: Unlocking Liquidity While Preserving Growth Potential
As venture capital firms navigate prolonged exit timelines and increasing liquidity demands from limited partners (LPs), continuation vehicles (CVs) are emerging as a critical solution. Once a niche instrument in private equity, CVs are now gaining traction in venture capital, particularly amid reduced IPOs, tepid M&A activity, and growing pressure to demonstrate liquidity. What Are […]