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Insights. Ideas that shape
operator-led investing.
Research, perspectives, and resources on ownership transitions, entrepreneurship through acquisition, and value creation across the middle market.
Topics We Explore
Our work spans the questions we encounter most often in ownership transitions across the middle market, including emerging and established middle market businesses.
Featured Resources
Research shaping operator-led ownership
We actively engage with the institutions and research shaping entrepreneurship through acquisition and ownership transitions.
2024 Stanford Search Fund Study
The latest data on search fund performance, returns, and trends from Stanford Graduate School of Business.
Stanford Search Fund Statistics
Historical performance data and statistics on search fund investments and outcomes.
Balancing Liquidity Constraints in a Private Investment Program
Novus insights on managing liquidity considerations and constraints within private investment portfolios.
The Evolving ETA Landscape: Key Trends Every Searcher Should Know in 2025
Duedilio's overview of the key trends shaping entrepreneurship through acquisition in 2025.
NextGen GP ETA Resource Library
A comprehensive collection of guides, studies, and tools for entrepreneurs pursuing acquisitions, from search fund primers to deal structuring resources.
The Founder's Final Act
Harvard Business Review on the critical decisions founders face when transitioning ownership of their businesses.
The Upside of Uncertainty in Dealmaking
BCG's analysis of how uncertainty can create strategic advantage in M&A and ownership transitions.
Q3 2025 Lincoln Private Market Index
Lincoln International's quarterly index tracking private market enterprise values and performance trends.
Why Some Family-Owned Businesses Outperform
PwC's global family business survey exploring what sets high-performing family enterprises apart.
Family Business Succession Planning: A Step-by-Step Guide 2025
Tru North Partners' comprehensive guide to navigating succession planning for family-owned businesses.
Leaning Into the Turbulence: Private Equity Midyear Report 2025
Bain & Company's midyear analysis of private equity trends, deal activity, and operator-led strategies.
Independent Sponsor Deal Terms Survey 2025
Addleshaw Goddard's survey of deal structures and terms across the independent sponsor landscape.
Axial's 2025 Independent Sponsor Report
Axial's annual report on independent sponsor activity, trends, and deal flow in the middle market.
Value Creation in Private Equity
KPMG's insights on how private equity firms drive value creation across portfolio companies.
Private Equity Outlook 2025: Is a Recovery Starting to Take Shape?
Bain & Company's outlook on private equity recovery trends and investment opportunities heading into 2025.
Global Private Markets Report 2025: Braced for Shifting Weather
McKinsey's comprehensive report on global private markets trends, fundraising, and performance.
Operator-Led. Aligned for the Long Term.
Enduring value is created when leadership, ownership, and capital align.
All content herein is provided for informational and discussion purposes only and is not a part of, and should not be construed as part of, any offer to sell or any solicitation of an offer to buy any limited partnership or other interest in an investment. For full legal disclosures, please click here.
© HalBar Partners, LLC