The Herring Group

Happy Fourth of July from The Herring Group!

As we celebrate America's independence, we're grateful for the freedoms and opportunities that allow business owners, leaders, and teams to pursue their vision, build great companies, and create meaningful careers.

Wishing you and your family a safe and relaxing Fourth of July. May you get to spend it with those who matter most.

Private equity has changed the industry. Valuations are near double what they were a decade ago. That will not last forever.

Charlie Munger said it best. "Show me the incentives, and I will show you the outcome." Understanding what drives a PE firm takes away the mystery.

One example from our white paper: a firm earned $880,000 in management fees and $5.9 million in carried interest. That gap explains almost everything about how PE thinks and moves.

This matters whether or not you ever plan to sell. PE-owned companies move faster, invest more aggressively, and operate with tighter financial discipline. They put pressure on every owner in their market.

This is your chance to learn the rules of the game you are already in.

I recently wrote an article in Management about our exclusive white paper: "The Green Exit: What Landscape Businesses Need to Know About Private Equity" to give you that footing. Read the full white paper, free here:
https://herring-group.com/privateequity