We enter 2025 with strong momentum after another successful year of delivering outstanding results and solutions on behalf of clients around the world. And, like them, we are bullish about the prospect of a rebound in the private capital markets now that the uncertainty and recalibration of 2023 and 2024 are behind us.

The evidence of our impact is highlighted by more than 360 closed transactions, global talent growth to more than 1,000 professionals including 18 lateral Managing Director hires, and significant momentum across each of our core products:

  • We experienced a steady increase in M&A activity as 2024 unfolded and head into 2025 with a record level of M&A backlog
  • Our Valuations & Opinions Group delivered more than 22,000 portfolio valuations and the insights gleaned from their proprietary database have made Lincoln a luminary on the private capital markets, trusted by clients, investment research organizations and the media for intelligence
  • The Transaction Opinions & Board Advisory team experienced 100% growth in number of opinions delivered and board advisory engagements, ranking in the top three  among U.S. providers and fourth globally*
  • Lincoln’s Capital Advisory Group completed 160+ transactions over the last three years, providing increasingly deft and creative alternative financing solutions to clients as they navigated the market
  • Our Private Funds Advisory Group closed 12 GP-led transactions and four funds, representing $4.8 billion of enterprise value and $2.8 billion of fund commitments

We expect 2025 to be buoyed by more certainty in our markets and massive appetite to put capital to work.

As always, partnering with you to help you realize your business and strategic goals remains our proudest accomplishment. We look forward to continued success with you this year.

*Source: LSEG

0+
closed transactions globally
0+
portfolio valuations performed annually
0%
growth in transaction opinions and board advisory engagements
0+
capital advisory transactions completed in past three years
0+
employees including 18 lateral Managing Director hires globally
0+
quotes and insights published by top tier media, reinforcing Lincoln's expertise in the private capital markets

Explore 2024 Results by Industry, Service or Transaction Type

Business Services

Consumer

Energy Transition, Power & Infrastructure

Healthcare

Industrials

Technology

Mergers & Acquisitions

Capital Advisory

Valuations & Opinions

Cross-Border

Domestic

Connect with a Member of our Global Team

2024 Global Results

Bridging the Gap Between Target and Closing Net Working Capital in M&A Deals

Post-close net working capital (NWC) disputes often take root well before closing. The “target NWC,” or “peg,” is designed to ensure the buyer receives, and the seller delivers, a normal… Read More about Bridging the Gap Between Target and Closing Net Working Capital in M&A Deals

In the Headlines: Q3 2024 Lincoln Private Market Index

Our Valuations & Opinions Group recently shared findings from the Q3 2024 Lincoln Private Market Index with several publications. The Wall Street Journal Axios LevFin Insights Bloomberg

Headshot of Patrick Marin

Patrick Marin

Patrick provides valuation advisory services, primarily for structured credit and other esoteric, illiquid investments to investment funds, alternative asset managers, insurance companies and structured credit originators. Patrick leverages his diverse… Read More about Patrick Marin

Bloomberg | Lincoln Sees ‘Cautious Optimism’ for Private Debt

Originally posted by Bloomberg on November 27, 2024. Companies with private debt are seeing improving credit metrics, such as earnings growth, painting a positive picture for direct lending, according to… Read More about Bloomberg | Lincoln Sees ‘Cautious Optimism’ for Private Debt

Abstract graphic

AIMA | Financing the Economy 2024

Originally published by AIMA on November 21, 2024. The Alternative Investment Management Association (AIMA) has published Lincoln’s proprietary private market data in its “Financing the Economy” publication, highlighting Lincoln’s private… Read More about AIMA | Financing the Economy 2024

Lincoln Private Market Index Clocks in Another Quarter of Growth in Q3 on the Back of Steady Earnings Performance

M&A activity remains muted despite performance growth and lower interest rates, indicating a continued dislocation between buyer and seller valuation expectations  The Lincoln Private Market Index (LPMI), the only index… Read More about Lincoln Private Market Index Clocks in Another Quarter of Growth in Q3 on the Back of Steady Earnings Performance

Q3 2024 Lincoln Private Market Index

Lincoln Private Market Index Clocks In Another Quarter Of Growth In Q3 On The Back Of Steady Earnings Performance The Lincoln Private Market Index (LPMI), the only index that tracks… Read More about Q3 2024 Lincoln Private Market Index

Webinar | Q3 European Private Market Insights and Q4 Outlook

On November 18th, professionals from Lincoln International’s European Capital Advisory and Valuations Groups hosted a webinar discussing the state of Q3 2024 European private markets, as well as the outlook… Read More about Webinar | Q3 European Private Market Insights and Q4 Outlook

Webinar | Valuations & Opinions Group Q4 2024 Private Market Webinar

On November 13th, 2024, professionals from Lincoln International’s Valuations & Opinions Group hosted a webinar discussing insights from the latest proprietary database. Topics included: Fireside chat Jason Wu, PhD, Assistant… Read More about Webinar | Valuations & Opinions Group Q4 2024 Private Market Webinar

Webinar | Valuations & Opinions Group Q4 2024 Private Market Webinar

Thank you for your interest in Lincoln’s Webinar: Valuations & Opinions Group Q4 2024 Private Market Webinar.  All request submissions will be evaluated and a member of our team will… Read More about Webinar | Valuations & Opinions Group Q4 2024 Private Market Webinar

Lincoln’s Latest

Lincoln’s Latest video series features experts from across industries, services and geographies, sharing perspectives on current trends, recent observations and future outlooks.

Headshot of Matthew Stariha

Matt Stariha

Matt provides valuation advisory services to investment funds, public and privately held companies, boards and special committees that span various industry sectors. Matt works closely with clients to understand the… Read More about Matt Stariha

Bloomberg | Lincoln International CEO on Private vs. Public Markets

Originally aired on Bloomberg TV on October 22, 2024. Rob Brown, CEO of Lincoln International, discusses improving mergers and acquisitions activity and compares public and private markets.  

Headshot of Umar Rizvi

Umar Rizvi

Umar provides fairness and solvency opinions to corporate boards and private equity sponsors with a focus on recapitalizations, fund-to-fund transfers, carve-outs, related-party transactions, capital raises and corporate restructurings. Umar leverages… Read More about Umar Rizvi

In the Headlines: Q2 2024 Lincoln Private Market Index

Our Valuations & Opinions Group recently shared findings from the Q2 2024 Lincoln Private Market Index with several publications. AltAssets Bloomberg PE Hub Private Equity Professional

Webinar | Valuations & Opinions Group Q3 2024 Private Market Webinar

Thank you for your interest in Lincoln’s Webinar: Valuations & Opinions Group Q3 2024 Private Market Webinar.  All request submissions will be evaluated and a member of our team will… Read More about Webinar | Valuations & Opinions Group Q3 2024 Private Market Webinar

Webinar | Valuations & Opinions Group Q3 2024 Private Market Webinar

On August  15th, 2024, professionals from Lincoln International’s Valuations & Opinions Group hosted a webinar discussing insights from the latest proprietary database. Topics included: Fireside chat covering the state of… Read More about Webinar | Valuations & Opinions Group Q3 2024 Private Market Webinar

Deeper Data Analysis: Confirms Reliability & Breadth

In summer 2024, an Assistant Professor of Finance at Penn State University’s Smeal College of Business evaluated the coverage and representativeness of the Lincoln Database of the U.S. private debt… Read More about Deeper Data Analysis: Confirms Reliability & Breadth

Q2 2024 Lincoln Private Market Index

While the Lincoln Private Market Index Increased in the Second Quarter, Private Company Earnings Growth Slowed The Lincoln Private Market Index (LPMI), the only index that tracks changes in the… Read More about Q2 2024 Lincoln Private Market Index

While the Lincoln Private Market Index Increased in the Second Quarter, Private Company Earnings Growth Slowed

Enterprise values continued to increase, and private markets showed signs of momentum for future M&A activity due to lower spreads and potentially tightening equity cushions. The Lincoln Private Market Index… Read More about While the Lincoln Private Market Index Increased in the Second Quarter, Private Company Earnings Growth Slowed

Investors in Healthcare | Q&A with Lincoln Professionals

Originally posted by Investors in Healthcare on July 25, 2024. Lincoln International, the U.S.-headquartered global investment banking advisor, is a well-known name in the European healthcare markets, providing advice to… Read More about Investors in Healthcare | Q&A with Lincoln Professionals

Webinar | Q2 European Private Market Insights and Q3 Outlook

On July 11th, professionals from Lincoln International’s European Capital Advisory and Valuations Groups hosted a webinar discussing the state of Q1 2024 European private markets, as well as the outlook… Read More about Webinar | Q2 European Private Market Insights and Q3 Outlook

Headshot of Brian Sherman

Brian Sherman

Brian provides valuation advisory services to private equity sponsors, hedge funds, institutional money managers, insurance companies, banks and law firms that hold complex and esoteric financial assets, with a focus… Read More about Brian Sherman

In the Headlines: Q1 2024 Lincoln European Valuation Insights

Lincoln International’s Valuations & Opinions Group recently shared findings from its proprietary European valuation insights with several publications. Bloomberg Private Debt Investor Prequin