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.
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
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 & Co-head of Valuations & Opinions
Chicago
Perspectives & Publications
Recent Transactions in Valuations & Opinions
Lincoln Private Market Index Gains Ground Amid Stable Private Company Growth
Although topline growth has slowed, private companies continue to achieve increased earnings The Lincoln Private Market Index (LPMI), the only index that tracks changes in the enterprise value of U.S.… Read More
Q2 2023 Lincoln Senior Debt Index
Lincoln International is pleased to release the quarterly Lincoln Senior Debt Index (LSDI). The LSDI represents years of research and analysis of data and was developed by professionals from Lincoln’s… Read More
Q2 2023 Lincoln Private Market Index
Lincoln Private Market Index Gains Ground Amidst Steady Private Company Growth The Lincoln Private Market Index (Lincoln PMI) reveals that in Q2 2023, private market enterprise values increased 2.3%. This… Read More
Varun Gupta
Varun provides valuation services in India to public and private clients across a wide range of industries. Varun has nearly 30 years of experience providing valuations and opinions for purposes… Read More
Tom Wesolowski
Tom provides valuations advisory services within Lincoln’s Valuations & Opinions Group, primarily for illiquid investments held by business development companies, private credit funds, private equity funds and other alternative asset… Read More
Webinar | Q2 European Private Market Insights and Q3 Outlook
On July 20th, 2023, professionals from Lincoln International’s European Capital Advisory and Valuations Groups hosted a webinar discussing the state of Q2 European private markets. Topics included: Quarterly valuations update… Read More
Webinar | Introduction to International Valuation Standards to Council
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Webinar | Introduction to International Valuation Standards to Council
On June 27th, 2023, Lincoln International hosted a webinar discussing exclusive insights into IVS 500, the proposed financial instruments standards our Valuations & Opinions Group has helped shape for the… Read More
Masoud Sami
Masoud provides valuation services to hedge funds, business development companies, private credit funds and private and public companies. He has experience across debt, equity and derivative securities, litigation claims, structured… Read More
Real Deals | PE-backed Companies Performing ‘Robustly’ Compared to Public Companies
Originally posted by Real Deals on June 7, 2023. According to Lincoln International’s proprietary Valuations & Opinions Group Q1 2023 data, European private companies are performing better than public companies… Read More
Leading Indicators Show Declining Ability to Service Debt
According to Lincoln International’s proprietary private market database, maintained by Lincoln’s Valuations & Opinions Group, highly leveraged, privately-held companies are feeling the pinch as rising interest rates begin to take… Read More
Webinar | Valuations & Opinions Group Q2 2023 Private Market Webinar
On June 1st, 2023, professionals from Lincoln International’s Valuations & Opinions Group hosted a webinar discussing insights from the latest proprietary database. Topics included: Private company enterprise value trends and… Read More
Q1 2023 Lincoln Senior Debt Index
Lincoln International is pleased to release the quarterly Lincoln Senior Debt Index (LSDI). The LSDI represents years of research and analysis of data and was developed by professionals from Lincoln’s… Read More
Q1 2023 Lincoln Private Market Index
Lincoln Private Market Index Grows Modestly in Q1 2023 as a Result of Resilient Private Company Performance The Lincoln Private Market Index (LPMI) reveals that in Q1 2023, private market… Read More
Lincoln Private Market Index Grows Modestly in Q1 2023 as a Result of Resilient Private Company Performance
While private company performance has been stronger than expected, are cracks starting to form? The Lincoln Private Market Index (Lincoln PMI), the only index that tracks changes in the enterprise… Read More
Webinar | Q1 European Private Market Insights and Q2 Outlook
On May 11th, 2023, professionals from Lincoln International’s European Capital Advisory and Valuations Groups hosted a webinar discussing the state of Q1 European private markets. Topics included: Market activity insights… Read More
Lincoln International Announces Strategic Partnership with Australian Corporate Advisory Firm, Miles Advisory Partners
Lincoln International, a global investment banking advisory firm, announced today that it has established a strategic partnership with Miles Advisory Partners, an Australian-based independent corporate advisory firm, servicing the robust… Read More
Eversheds Sutherland and the Small Business Investor Alliance’s Business Development Company Roundtable | Panel: Private Credit Accounting and Valuation
Managing Director Patricia Luscombe recently spoke on the Private Credit Private Credit Accounting and Valuation panel at Eversheds Sutherland and the Small Business Investor Alliance’s BDC Roundtable in Washington, D.C.… Read More
Private Equity and Private Credit Resiliency is Not an Illusion
Many macroeconomic factors have contributed to recent public market volatility, including inflation, labor shortages, rising interest rates and recent banking system instability. While private market valuations have demonstrated less volatility… Read More
Regulatory Compliance Watch | SEC Examines PFs’ Third-party Valuations
Originally posted by Regulatory Compliance Watch on March 31, 2023. The SEC is asking private fund advisers to explain how they monitor the boundaries between their firms and third-party valuation… Read More
Regulatory Compliance Watch | In-person Exams Resume
Originally posted by Regulatory Compliance Watch on March 3, 2023. The SEC plans to increase its on-site interactions with regulated entities but will continue to conduct remote examinations when applicable.… Read More
Private Equity International | How Private Equity Valuations Measure Up
Originally posted by Private Equity International on February 28, 2023. Private equity firms have been navigating market volatility for the past 12 to 18 months, and public market valuations have… Read More
Private Equity International | Covenant Breaches Trend Upward as GPs Navigate Uncertainty
Originally posted by Private Equity International on February 22, 2023. According to the Lincoln PMI (LPMI), private equity (PE) firms and their portfolio companies are becoming increasingly concerned about financial… Read More
Lincoln International’s Global Valuations & Opinions Group team grew by nearly 50% in 2022 and expects continued momentum in 2023
Lincoln International’s global Valuations & Opinions Group materially expanded its services across portfolio valuations and transaction opinions in 2022. Portfolio valuation services were up more than 50% from 2021 across… Read More
CFO | Earnings Multiples for PE-Backed Firms Fall for 7th Straight Quarter
Originally posted by CFO on February 22, 2023. For private companies, a modest increase in EBITDA kept their valuations from declining in Q4 2022. In fact, the Lincoln PMI (LPMI)… Read More