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As Fundraising Stalls, Independent Sponsors Fill Gap in Lower-Middle Market

“The maturing of the private equity industry has created this talent to produce these deals in a more entrepreneurial way,” says Cambridge Associates.

James Comtois

Ken Tropin Plays the Long Game With Graham Capital

“They come to us because we’re known as having a very strict risk culture and philosophy.”

Eighteen Months ago, I Wrote About How AI Agents Could Be Used to Run an Entire Investment Business

Three months ago, I found a manager who has been doing just this for two decades without LLMs
Angelo Calvello August 24, 2026