Perspectives from the firm.
How we think about services businesses, the markets they operate in, and the partnerships we build with founders. Outlooks, research, and commentary from the team.
All Perspectives
Recent writing.
Third-Party Administration: A Multi-Decade Opportunity
An analysis of the structural drivers in TPA services and where we see continued consolidation across insurance and benefits administration.
Read moreOperating Themes in Specialty Services
Common patterns we observe in services platforms that successfully scale from founder-led businesses to institutional category leaders.
Read more2026 Outlook: The Services Opportunity
Our view on the structural tailwinds shaping services businesses and what they mean for founders evaluating long-term capital partners.
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