LeverVenture is an operator-led, mid-market growth equity firm in life sciences and healthcare, the bridge between venture capital and private equity. These pieces cover that passage: deal structures, market conditions, finance and the operating work that carries a company from proof to scale.
Field notes, diligence method, operating and capitalWritten by the partner or operator who did the work
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The archive
Filed under Growth Equity, newest first.
The most recent piece leads and every other piece in this category follows it, each with the line that says what it covers. The other categories are one link away.
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Growth Equity17 Sep 2026 · 15 min read
Growth Equity in Life Sciences: 2026 Market Study
Growth equity is absorbing a growing share of life sciences and healthcare capital. This market study breaks down the data, the five sectors in play, and where the financing gap actually sits.
Everything else filed under Growth Equity, newest first.
Growth Equity08 Sep 2026 · 7 min
Private Equity Meets the Mid-Market: Borrowing PE's Discipline Without the Buyout
Private equity and venture are converging in the mid-market. What growth companies should borrow from PE — operational value creation, cash discipline, governance — and what they should refuse: control and leverage.
Family Office Guide to Emerging Growth Equity Managers
A practical framework for family offices evaluating first-time and early-fund growth equity managers: what to check, what to ignore, and the red flags that matter most.
The Term Sheet Guide for Life Sciences and Healthcare Founders
Term sheets carry more weight than the valuation headline. This guide walks life sciences and healthcare founders through the economic terms, control terms, and sector-specific issues to watch.
The State of Venture Capital: How the Power Law Broke the Middle — and What Comes Next
Venture capital is a power-law business, and the end of cheap money exposed a missing rung in the ladder — the Series B/C graduation problem. Why DPI is back, and where the orphaned middle finds capital.
Operator-Led vs. Financial-Sponsor Growth Equity: What an Operating Partner Changes for LPs
Two models of growth capital get lumped together as "private equity." This piece separates operator-led from financial-sponsor growth equity and what the difference means for LPs.
The Finance of Scaling: A Growth-Stage Operator's Guide to the Metrics That Move Enterprise Value
The financial rules change between the seed round and the buyout. A growth equity guide to unit economics, the Rule of 40, capital structure, cash strategy, and the metrics that actually move enterprise value.
Dual-Use Deep Tech: The Defense-Adjacent Growth-Equity Playbook for Founders
Defense-adjacent deep tech is reshaping how founders in life sciences, clean tech, and AI should structure their commercialization and funding strategy. Here's the operator-level view.
Emerging Growth Equity Managers: The Founder's Complete Evaluation Guide for 2025
How founders in life sciences, deep tech, and cleantech should evaluate emerging growth equity managers — track record, fund economics, GP skin-in-the-game, and red flags.
Best Growth Equity Firms for Life Sciences in 2025: A Founder's Ranking Guide
A founder-side ranking of the top growth equity firms investing in life sciences — check sizes, deal structures, therapeutic specialization, and how to vet a partner.
VC Market Reset: Implications for Growth Equity Investors | LeverVenture
A venture repricing shows up in preference stacks and flat rounds before it shows up in a press release. Here is how a reset moves through a cap table.
SaaS Business Models: Evolution Beyond the Rule of 40 | LeverVenture
The Rule of 40 flattens very different SaaS businesses into one score. Retention composition, cohort payback, margin trend and burn multiple tell them apart.
Platform Company Build-and-Buy Strategy: Scaling Through M&A | LeverVenture
Platform strategies rarely fail on deal pricing. They fail because integration capacity, not deal flow, is the real constraint on how many acquisitions a platform can absorb.
Operating Partner Evolution: Beyond Advisory to Value Creation | LeverVenture
Operating partners shifted from advisory presence to accountable ownership. The real design question is how compensation and authority are structured, not who is hired.
Middle Market Private Equity: The Overlooked Sweet Spot | LeverVenture
The middle market is not buyout in miniature. Less intermediated sourcing, operational rather than financial leverage, and a wider exit set explain why.
Cross-Border Investment: Navigating Complexity for Returns | LeverVenture
A company spanning borders faces five separate underwriting problems: screening, data residency, treaty structure, currency exposure, and enforcement risk.
Carve-Out Acquisitions: The Execution Playbook | LeverVenture
A carve-out prices at a discount because separation is real work, not margin. Here is what a TSA, stranded costs, and untangled shared IP actually cost a buyer.
Growth Equity Firms in AI Healthcare: The Operator's Playbook for Raising Growth Capital in 2025
A founder-level guide to growth equity firms investing in AI healthcare — due diligence frameworks, valuation drivers, reimbursement risk, and exit pathways covered.
The first edition of our read on the passage between venture capital and private equity: who is funding it, what it costs, and where the companies that stall in it actually stall.
01
Executive summary
Free, no form. The findings, the method and every chart that carries one — complete, not
a teaser, and the same text that opens the full report.
02
The full report
Sixty-four pages, this first edition, released to a named reader. One form, one reply, and no
list you did not ask to be on.