Contributors
I enjoy sharing insights about market and valuation trends with my clients, while also leading a differentiated and high-touch process.
Brian Garfield
Managing Director & Head of U.S. Portfolio Valuations
New York
I enjoy the opportunity to provide clients with insightful and unbiased advice that will help them make the most informed decisions possible.
Ron Kahn
Managing Director & Global Co-Head of Valuations & Opinions
ChicagoRelated Perspectives
in Valuations & Opinions
Recent Transactions in Valuations & Opinions
Lincoln International adds Rodney Lacey as Managing Director
Lincoln International, a global investment banking advisory firm, is pleased to announce that Rodney Lacey has joined its Global Valuations & Opinions Group as a Managing Director based in Dallas.… Read More
Rodney Lacey
As a Managing Director in Lincoln’s Valuations and Opinions Group, Rodney leverages more than 25 years of experience to help private capital clients accurately determine the fair value of their… Read More
Dividend Recapitalization Activity Remains Robust
Driven by an availability of capital and a desire to return capital to their investors, private equity sponsors continue to pursue alternative exit strategies, including dividend recapitalizations. Despite persistently higher… Read More
Key Takeaways from Lincoln’s Private Capital Event
In October 2025, Lincoln International proudly commemorated the launch of its Middle East office in Dubai. Firm leaders partnered with the International Valuation Standards Council to host an exclusive Private… Read More
How Sellers are Narrowing the Gap with Buyers in M&A Post-Close Working Capital Adjustments
Working capital adjustments to the purchase price are a routine but consequential feature of mergers and acquisitions (M&A) transactions. These adjustments have historically favored buyers, resulting in a reduced purchase… Read More
Bloomberg | Private Credit Begins Sacrificing Secrecy to Draw in Retail Cash
Originally posted by Bloomberg on October 23, 2025. The private credit industry is undergoing a transparency revolution. As firms compete for retail investor dollars, they’re moving away from quarterly valuations… Read More
Fortune | Wall Street Might Be Panicking Over Private Credit, but Insiders Can’t See What All the Fuss Is About
Originally posted by Fortune on October 20, 2025. Brian Garfield, Managing Director in Lincoln’s Valuations and Opinions Group, provided insight on the private credit market, emphasizing the critical distinction between BSL facilities… Read More
Aimir Shytaj
Aimir provides independent valuations for financial reporting purposes, delivering tailored financial analyses that go beyond the numbers, giving clients the clarity they need in today’s dynamic markets. He leverages more… Read More
Financial News London | Lincoln International CEO Still Open to M&A as It Digests Biggest Acquisition Yet
Originally published by Financial News on September 29, 2024. Following Lincoln International’s announcement of the strategic acquisition of premier advisory firm MarshBerry, Financial News London highlighted Lincoln’s continued openness to… Read More
Bill Schicke
As a senior member of Lincoln’s team, Bill provides valuations services to private credit and private equity leadership teams. He leverages nearly a decade of experience to valuate illiquid securities… Read More
The European Lincoln PMI Achieved Slow But Improved Growth in Q2 2025 as Earnings Grow Remain The Key Driver.
The European Lincoln Private Market Index (PMI), which tracks enterprise values (EVs) of private companies, grew +1.3% in Q2 2025. Better-than-expected earnings growth more than offset multiple contraction amidst continued… Read More
Q2 2025 European Lincoln Senior Debt Index™
Lincoln International is pleased to release the latest quarterly European Lincoln Senior Debt Index (ESDI). The ESDI represents years of research and analysis of data and was developed by professionals… Read More
Q2 2025 European Lincoln Private Market Index™
The European Lincoln PMI achieved slow-but-improved growth in Q2 2025 as earnings remained the key growth driver The European Lincoln Private Market Index (PMI) is the only index which tracks… Read More
Lincoln International Initiates Monthly Iteration of Proprietary Private Market Indices in Response to Growing Demand for Real-Time Valuations
Lincoln International, a global investment banking advisory firm, today began publishing enterprise value and loan price data points from its Lincoln Private Market Index (LPMI) and Lincoln Senior Debt Index… Read More
Aleksandra Kierska
Aleksandra provides valuation analyses for financial and tax reporting purposes to venture capital firms, private equity leaders and mid-sized to large corporations across a wide range of industries. She has… Read More
Webinar | Q2 2025 European Private Market Insights and Q3 Outlook
Thank you for your interest in Lincoln’s Webinar: Q2 2025 European Private Market Insights and Q3 Outlook. All request submissions will be evaluated and a member of our team will… Read More
Webinar | Q2 2025 European Private Market Insights and Q3 Outlook
On September 10th, 2025, professionals will discuss insights from Lincoln’s Valuations & Opinions Group’s proprietary database, as well as recent financing terms observed by our Capital Advisory Group which will provide… Read More
In the Headlines: Q2 2025 Lincoln Private Market Index
Our Valuations & Opinions Group recently shared findings from the Q2 2025 Lincoln Private Market Index with several publications. Bloomberg Private Credit’s PIK Usage Nears Four-Year High, Lincoln Says Going… Read More
Q2 2025 Lincoln Senior Debt Index™
Lincoln International is pleased to release the Q2 2025 Lincoln U.S. Senior Debt Index (LSDI). The Lincoln U.S. Senior Debt Index represents years of research and analysis of data and… Read More
Jacob Kalatizadeh
Jacob is a Director in Lincoln International’s transaction opinions & board advisory team and is based in the firm’s New York office. He advises boards of directors, special committees, general… Read More
Webinar | Valuations & Opinions Group Q3 2025 Private Market Webinar
Thank you for your interest in Lincoln’s Webinar: Valuations & Opinions Group Q3 2025 Private Market Webinar. All request submissions will be evaluated and a member of our team will… Read More
Q2 2025 Lincoln Private Market Index™
Q2 2025 Results Show Further Confirmation of the Private Market’s Insulation from Public Market Volatility The Lincoln Private Market Index (LPMI), the only index that tracks changes in the enterprise… Read More
The Lincoln Private Market Index Records Another Quarter of Growth in Q2
While the full extent of tariffs and broader macroeconomic uncertainty may not yet be felt, private companies exhibited solid earnings growth once again in Q2 Lincoln International, a global investment… Read More
Lincoln International Launches Dedicated Disputes Practice to Advise on M&A Disputes and Accounting- and Valuation-Related Expert Matters
Lincoln International, a global investment banking advisory firm, is pleased to announce the launch of its dedicated disputes practice, focused on providing mergers and acquisitions (M&A) dispute resolution and expert… Read More
Drew McGovern
Drew provides valuations services to clients with investments in private equity, private credit, infrastructure and business development companies. Drew strives to perform well-informed analyses consistent with the constantly evolving private… Read More