Houlihan Lokey

The $1 Trillion Question Hanging Over Software: Is AI Reshaping M&A’s Favorite Sector?

Private equity and private credit have never been more concentrated in software. With AI challenging traditional SaaS models, investors are trying to determine whether the market is spotting a real threat—or inventing one.

July 27, 2026

Business Services

PE’s Law Firm Roll-Up Strategy Faces New Guardrails, But Not Roadblocks

Illinois moves to tighten oversight of law firm MSOs, but middle-market dealmakers say well-structured transactions should continue to attract private equity.

June 16, 2026

Private Equity

The Next Roll-Up Target: Law Firms?

With MSO structures sidestepping regulatory limits, private equity is eyeing a $400 billion market ripe for consolidation.

June 15, 2026

Lenders & Private Credit

Secondaries Edge: Secondaries Boom Faces Quality Squeeze as New Liquidity Machines Multiply

As GP-led secondaries scale to record levels, top investors are flagging a widening gap between trophy assets and weaker deals, even as new financing tools like CFOs further blur the line between sale and securitization.

June 10, 2026