About

What Rivas Will is.

Updated 2026-05-02

The premise

LMM PE exits are observable months before a banker is engaged. The hold period is long, the portfolio company hired a CFO six months ago, and the comp set has now sold twice. Those signals are in the public record. Nobody makes it their full-time job to track them for this specific slice of the market. Rivas Will makes it the job.

Who reads this

PE sponsors who want independent signal on their portfolio's exit window. Upmarket buyers who want early deal-flow visibility before a formal process runs. Sector bankers who cover LMM software.

The standard

Every factual claim is cited inline: link, retrieval date, one-line note on why the source matters. No invented deal terms. No invented multiples. Pages that can't meet that bar don't ship.

Mistakes happen. When a citation doesn't check out, write to Rivas. Correction ships fast.

Reaching Rivas

PE sponsor tracking a company in this research, a buyer who wants on the radar, or a founder whose company was covered and got something wrong — write to Rivas.

What this site is not