The Portfolio Value Creation Report
Where Operating Performance Drives Enterprise Value
I help PE sponsors and portfolio companies unlock free cash flow and expand EBITDA by identifying underutilized value creation opportunities across the HR, Finance, and IT operating stack.
The Framework
Where the Next Turn of Value Actually Sits
Private equity increasingly depends on operating value creation, yet the industry still lacks a shared framework for finding it. The next turn of value usually sits outside the original thesis — in the seams no single executive owns: workforce economics, administrative accumulation, fragmented back-office systems across acquisitions, and the cost of running a function nobody re-underwrites after diligence. Each issue develops one piece of that framework in public.
The Question Every Reader Should Leave With
"If you bought the company today, would you run the same plan?"
Every issue is built to leave an Operating Partner with one assumption worth re-examining — not a claim to accept, but a tension worth sitting with.
About the Author
Preston Leahy
I help PE sponsors and portfolio companies unlock free cash flow and expand EBITDA by identifying underutilized value creation opportunities across the HR, Finance, and IT operating stack.
I write from the seats of an Operating Partner, an investment-committee member, a board advisor, and a buyer evaluating a company — holding every argument to the standard of whether a CFO would believe it and a board member would forward it.
Watch on YouTube
Deep-dive videos on the operating levers that drive enterprise value in PE-backed companies.
Frequently Asked Questions
Who is this research for?
PE sponsors, Operating Partners, and investment professionals who think in portfolios rather than single companies, as well as portfolio-company CFOs, CEOs, CHROs, and board members.
What does the Dispatch cover?
Each issue examines one operating lever behind free cash flow, EBITDA quality, margin, cash conversion, risk, integration debt, or exit readiness, always reasoning from the P&L forward.
Is this a sales pitch?
No. This is the library and front door for an operating point of view. No products or vendors are named here.
Ongoing Research Distribution
Continue the Research
Each issue examines one operating lever behind free cash flow, EBITDA expansion, and enterprise value — including the free 10-Point EBITDA Improvement Checklist for new readers.
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