Some vintages are better than others.
Source: Cliffwater
Latest news
Share of PE middle-market deal count by backing type
November 5, 2026
Add-ons remain the workhorse for middle-market deployment, accounting for 67. 1% of all middle-market transactions YTD, in line with activity seen in recent years.
Software deal share falls in middle markets, rises in large caps
November 5, 2026
In Q3’26 software’s share of total deals fell in both the Lower Middle Market (to 7%) and Upper Middle Market (to 9%), while Large Cap saw a modest uptick in share to 8%.
Capital Solutions 101: Party Like It's 2021
Prince wrote “1999” in 1982, when the year itself sounded like science fiction. It became the New Year’s Eve anthem and landed on Rolling Stone’s list of the greatest songs of all time.