Important Disclosure
The Lincoln Private Market Index is an informational indicator only and does not constitute investment advice or an offer to sell or a solicitation to buy any security. It is not possible to directly invest in the Lincoln Private Market Index. Some of the statements above contain opinions based upon certain assumptions regarding the data used to create the Lincoln Private Market Index, and these opinions and assumptions may prove incorrect. Actual results could vary materially from those implied or expressed in such statements for any reason. The Lincoln Private Market Index has been created on the basis of information provided by third-party sources that are believed to be reliable, but Lincoln International has not conducted an independent verification of such information. Lincoln International makes no warranty or representation as to the accuracy or completeness of such third-party information.
About Lincoln International
We are trusted investment banking advisors to business owners and senior executives of leading private equity firms and their portfolio companies and to public and privately held companies around the world. Our services include mergers and acquisitions advisory, private funds and capital markets advisory, and valuations and fairness opinions. As one tightly integrated team of more than 1,000 professionals in more than 25 offices in more than 15 countries, we offer an unobstructed perspective on the global private capital markets, backed by superb execution and a deep commitment to client success. With extensive industry knowledge and relationships, timely market intelligence and strategic insights, we forge deep, productive client relationships that endure for decades. Connect with us to learn more at www.lincolninternational.com.
Meet our Senior Team in Valuations & Opinions
I find immense fulfillment in enabling clients to achieve their objectives and navigate the complexities of today's ever-changing landscape.
Chris Croft
Managing Director & Co-Head of Transaction Opinions
New York
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 enhance my clients’ decision making and governance processes by providing independent and objective financial advice in a highly responsive manner.
Chris Gregory
Managing Director & Co-Head of Transaction Opinions
New York
Perspectives & Publications
Recent Transactions in Valuations & Opinions
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
Nishant Yadav
With more than a decade of experience, Nishant provides valuations advisory services to private equity firms, bank holding companies, large corporations and other institutional clients. Nishant specializes in deal structuring,… 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
Roshan Raghuram
Roshan specializes in reviewing and performing valuations for numerous companies owned by private equity, credit, and venture capital funds. He leverages his deep understanding of the private market industry and… Read More
Growth & Venture Equity Valuations: OPM and CSE Considerations
Every valuation cycle, deciding between valuing growth and venture equity using option pricing models (OPMs) and common stock equivalent (CSE) allocation methodologies is a point of tension between internal valuation… Read More
Akshat Jamad
Akshat provides valuation and credit analysis services across complex private credit and private equity transactions, including restructurings, refinancings and acquisitions. His clients include private equity firms, private credit leaders and… Read More
Alex Marte
Alex provides portfolio company valuation services to business development companies, private credit funds, private equity funds and global asset managers. He offers clients real-time access to the granular details as… Read More
Tom Cassidy
Tom leverages nearly a decade of experience to provide advisory services related to mergers and acquisitions (M&A) accounting disputes. He advises clients, including private equity firms, private founders and large… Read More
Handelsblatt | The Secondary Market is Better Than its Reputation
Originally published by Handelsblatt on June 26, 2025 According to Lincoln International’s data, the volume of GP-led secondary market transactions rose to a record $70 billion worldwide in 2024, more… Read More
Lincoln International adds Rob Maxim and Charles Blank as Managing Directors
Lincoln International, a global investment banking advisory firm, is pleased to announce that Rob Maxim and Charles Blank have joined the Global Valuations & Opinions Group as Managing Directors based… Read More
Charles Blank
Charles leads the Disputes team within Lincoln’s Valuations & Opinions Group, where he provides dispute resolution advisory services for mergers and acquisitions (M&A) transactions, working to resolve the resolution of… Read More
Q1 2025 European Lincoln Private Market Index
LINCOLN’S EUROPEAN PMI EKES OUT A GAIN, BUT ONLY BECAUSE EARNINGS GROWTH OFFSET MULTIPLE CONTRACTION FOR THE QUARTER The European Lincoln Private Market Index is the only index which tracks… Read More