Matt Wolf

spend they're going to spend more time and more money looking at deals to make sure that they're making the right deals you know i think a lot of the the sponsors we talk about they're expecting to look at more deals in 2025 but probably close about as many as they did last year hopefully more but they're not um you know they're very much internalizing the mantra of you know it's always a good deal to walk away from a bad one and they're they're very concerned about um

allocating capital in the wrong way, which makes sense, right? As interest rates increase, the opportunity cost of making your investments increase, and we're gonna see a lot more diligence around these deals before they close or if they close.

allocating capital in the wrong way, which makes sense, right? As interest rates increase, the opportunity cost of making your investments increase, and we're gonna see a lot more diligence around these deals before they close or if they close.

Yeah, yeah, absolutely. I mean, we'll see – you know, oftentimes if after the limited diligence, limited look, and I use the term diligence broadly, right? It could be partially financial. It could be a partially a sort of a chart review type diligence or IT diligence or some of all of that, but a lighter touch on very specific areas of concern. And then as the process progresses,

Yeah, yeah, absolutely. I mean, we'll see – you know, oftentimes if after the limited diligence, limited look, and I use the term diligence broadly, right? It could be partially financial. It could be a partially a sort of a chart review type diligence or IT diligence or some of all of that, but a lighter touch on very specific areas of concern. And then as the process progresses,

expands or as the process continues, if the sponsor is still interested, then we'll go to more of a full sort of financial tax, other diligence that you would expect to see So overall, a longer process, more diligence, but starting earlier with the lighter touch.

expands or as the process continues, if the sponsor is still interested, then we'll go to more of a full sort of financial tax, other diligence that you would expect to see So overall, a longer process, more diligence, but starting earlier with the lighter touch.

And then if, you know, if the lighter touch kind of suggests, hey, we think we can make this deal work, then we'll move forward, get into, you know, the next processes of the deal and do more full scope sort of diligence. So I guess the answer is both, at least the way you're seeing it, right? Again, it's got to be careful in today's deal environment with the investments that we make.

And then if, you know, if the lighter touch kind of suggests, hey, we think we can make this deal work, then we'll move forward, get into, you know, the next processes of the deal and do more full scope sort of diligence. So I guess the answer is both, at least the way you're seeing it, right? Again, it's got to be careful in today's deal environment with the investments that we make.