815 Independent Sponsor Deals Analyzed
Greg Brown is a Professor of Finance at UNC Kenan-Flagler and Founder of the Institute for Private Capital. On July 15, 2026, he published the first large-scale study of independent sponsor performance, covering 815 deals. Investor-reported transactions generated a 2.86x average gross TVPI and 29.3% gross IRR, outperforming matched non-IS PE deals by 0.73x TVPI and 11.4% IRR on average, with no statistically significant increase in downside risk.
More recent episodes
Buying 9-Figure Deals
Discover how Renaud Besançon disrupts PE through his independent sponsor model, acquiring mid-market companies at steep discounts while focusing on operational excellence.
.avif)
Nick Huber: From 400k Followers to $52m Deal
How Nick Huber built a $52M offshore empire by leveraging remote talent to slash costs, boost conversions, and turn Twitter influence into acquisition capital.
$16m Buyout to $55m Exit in 18 Months
Learn how Kevin Ramsier grew a $60K investment to a $77M exit by partnering with "execuneurs" while maintaining a deal-by-deal approach that delivers remarkable returns.