The three signals that predict a failed hold period.

Why the first 180 days of ownership predict the exit multiple more reliably than the underwriting model, and what sponsors are missing in the diligence-to-execution handoff.
Culture debt compounds like leverage.

What unresolved executive friction costs sponsor-backed companies, measured in basis points and lost hold time. The mechanic by which misaligned authority creates execution drag, drag creates margin leakage, and leakage compresses the multiple at exit.