Targeted advisory support for lower middle market PE fund

Targeted advisory support for lower middle market PE fund

At a glance

The challenge

The client had relied on legacy expert network providers but found the quality of insight insufficient. They required targeted access to senior executives with direct experience in the specific market segment they were looking to do a deal within.

The solution

Nova delivered a thematic river guide solution and introduced a senior executive with direct experience in the target market, providing focused advisory support aligned to the client’s investment thesis.

The impact

The advisor introduced through Nova helped open access to a prospective investment opportunity through their network and supported diligence on the business.

Client objective

The client is a lower-middle-market private equity fund with ~$2bn in AUM and has spent more than six months independently attempting to identify the right advisor.

They required an executive with direct industry experience and an established network in the target market, capable of supporting both opportunity origination and diligence.

Nova in action

Nova held multiple briefings with the investment team to refine the market focus and advisor profile, before sharing an initial shortlist. The primary stakeholder throughout this engagement was a Principal investor.

Leveraging prior mapping across the services landscape, Nova identified 20 relevant executives, activated 10 and introduced 8 advisors within one week. While several candidates were suitable, the client appointed a single advisor aligned to the immediate requirement, with two others retained for potential future engagement.

Nova supported the client through advisor discussions and negotiation, ensuring alignment across the engagement and continuity through the diligence process.

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