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Illinois moves to tighten oversight of law firm MSOs, but middle-market dealmakers say well-structured transactions should continue to attract private equity.
With MSO structures sidestepping regulatory limits, private equity is eyeing a $400 billion market ripe for consolidation.
June 15, 2026
Houlihan Lokey has formed HL Finance LLC to arrange senior secured leveraged loans for financial sponsor-backed, privately-held, and public corporate entities.