In this installment of the Portage Point Credit Market Update, the Capital Advisory team summarizes Q2 2026 market activity, benchmarks results against prior periods, comments on key credit market developments and offers insights into the outlook for the remainder of 2026.  The…

Artificial intelligence (AI) agents are beginning to replicate, accelerate, and in some cases, replace core software functionality. As a result, the traditional software evaluation playbook is changing rapidly. The category that defined a generation of private equity (PE) returns is…

Stalled revenue, aging inventory and stretched cash conversion cycles strained consumer categories in the first half of 2026, pointing to an increasingly common issue – product assortments have grown beyond what businesses can profitably support. The past decade, especially the…

Investors, boards and management teams often receive multiple valuations for the same asset, all tied to a different methodology or objective. These outputs can appear inconsistent, leading some organizations to default to a single figure for simplicity. But that shortcut…

Automotive and the automotive aftermarket remain two of the most dynamic sectors in the market, but the current mergers and acquisitions (M&A) environment requires a far more disciplined lens than it did just a few years ago. Regulatory uncertainty, changing consumer preferences, capital intensity,…

The software multiple compression that began in 2022 is no longer a cyclical correction. With leading software names trading at a fraction of their 2021 revenue multiples and artificial intelligence (AI) reshaping how software is built, sold and consumed, private…

Investors, boards and management teams often receive multiple valuations for the same asset, each tied to a different methodology or objective. These outputs can appear inconsistent, leading some organizations to default to a single figure for simplicity. But that shortcut…

After decades of offshoring and capital erosion, US industrial investment is entering a new cycle. Capital is flowing back into manufacturing, materials, infrastructure, heavy industry and technology, driven by reshoring, policy support and supply chain realignment. For investors, this shift…

In this installment of the Portage Point Credit Market Update, the Capital Advisory team summarizes Q1 2026 market activity, benchmarks results against prior periods, comments on key credit market developments and offers insights into the outlook for the remainder of…

This is part two in our middle market transaction tax series. Read part one: A Guide to Personal Goodwill Tax Planning in Middle Market Transactions. In middle market transactions, purchase price allocations directly influence cash taxes and investor returns. For…