Matt Wolf

On a micro level, we'll have macro implications across healthcare. So it's all very connected and it starts with the top line consumer demand. And that's what I'm really watching along with many others.

Thank you.

Thank you.

Thank you.

A lot, I guess. I'm not even sure exactly where to start. Like many people, I started to watch treasury auctions and pay attention to those. Just, I guess, overall, the level of

A lot, I guess. I'm not even sure exactly where to start. Like many people, I started to watch treasury auctions and pay attention to those. Just, I guess, overall, the level of

A lot, I guess. I'm not even sure exactly where to start. Like many people, I started to watch treasury auctions and pay attention to those. Just, I guess, overall, the level of

uncertainty in global financial markets as bond investors assess in various governments, including the US's ability to pay for their obligations and what that's doing to interest rates and what that's doing to cost of capital. And I think for private equity, what is really interesting, and I think we'll have some interesting deal flow implications is

uncertainty in global financial markets as bond investors assess in various governments, including the US's ability to pay for their obligations and what that's doing to interest rates and what that's doing to cost of capital. And I think for private equity, what is really interesting, and I think we'll have some interesting deal flow implications is

uncertainty in global financial markets as bond investors assess in various governments, including the US's ability to pay for their obligations and what that's doing to interest rates and what that's doing to cost of capital. And I think for private equity, what is really interesting, and I think we'll have some interesting deal flow implications is

You know, certainly interest rates will remain higher for longer, which I don't think is news to many. But, you know, as we look into the actual what that means for the operation of these strategies, you know, I talk to more and more sponsors who are are doing the math, doing the analysis and saying, you know, the the the add on game. is less appealing.

You know, certainly interest rates will remain higher for longer, which I don't think is news to many. But, you know, as we look into the actual what that means for the operation of these strategies, you know, I talk to more and more sponsors who are are doing the math, doing the analysis and saying, you know, the the the add on game. is less appealing.

You know, certainly interest rates will remain higher for longer, which I don't think is news to many. But, you know, as we look into the actual what that means for the operation of these strategies, you know, I talk to more and more sponsors who are are doing the math, doing the analysis and saying, you know, the the the add on game. is less appealing.

Certainly we'll do add-ons when it makes sense, maybe for a capability rather than a geography or something, but we're looking for de novo growth. And I'm really watching what that means on the lower middle market as the demand for some of these businesses, especially even founder-owned businesses, reduces. And that will continue to bring multiples down

Certainly we'll do add-ons when it makes sense, maybe for a capability rather than a geography or something, but we're looking for de novo growth. And I'm really watching what that means on the lower middle market as the demand for some of these businesses, especially even founder-owned businesses, reduces. And that will continue to bring multiples down

Certainly we'll do add-ons when it makes sense, maybe for a capability rather than a geography or something, but we're looking for de novo growth. And I'm really watching what that means on the lower middle market as the demand for some of these businesses, especially even founder-owned businesses, reduces. And that will continue to bring multiples down

And I think that'll create challenges for folks looking to exit in the middle market, but particularly in the lower middle market, a lot of founder-owned businesses, older Gen X, baby boomers looking to retire from the business they built over 40 years, not getting the multiple they were looking to get, might have implications on downstream healthcare demographic trends and ability to spend for senior care, things like that.

And I think that'll create challenges for folks looking to exit in the middle market, but particularly in the lower middle market, a lot of founder-owned businesses, older Gen X, baby boomers looking to retire from the business they built over 40 years, not getting the multiple they were looking to get, might have implications on downstream healthcare demographic trends and ability to spend for senior care, things like that.

And I think that'll create challenges for folks looking to exit in the middle market, but particularly in the lower middle market, a lot of founder-owned businesses, older Gen X, baby boomers looking to retire from the business they built over 40 years, not getting the multiple they were looking to get, might have implications on downstream healthcare demographic trends and ability to spend for senior care, things like that.

this global going from 100,000 feet down to 10,000 feet, but really looking at the interplay of the global financial uncertainty, what that means for rates in the U.S., and how that's playing out in real time as sponsors evaluate add-on acquisitions versus de novo.