Muez Rafique routes freight capacity, 3PL access, and supply chain partnerships between operators who need to find each other.

3PL consolidation is accelerating. Mid-size operators are losing contracts they've held for five years to platforms that move faster and charge less.

Freight brokers expanding into asset-based capacity are outpacing the carriers they once depended on. The brokerage model is eating the trucking model from the inside.

E-commerce brands that built fulfillment strategies around 2021 volume assumptions are quietly re-evaluating everything. The infrastructure decisions happening this quarter will define margins for the next three years.

Hold periods are stretching. Firms that underwrote exits at 2021 multiples are sitting on portfolio companies that can't clear the bar. The pressure to find strategic buyers instead of financial ones is higher than it's been in a decade.

The middle market is where the real activity is. Mega-fund deployment has stalled. The operators writing checks between $20M and $200M are moving faster and with less competition than anyone above them.

Independent RIAs are consolidating faster than anyone predicted. Founders who built books over 30 years are realizing their succession plan was never a plan — it was a delay.

The family office space is quietly expanding access to deal flow that used to sit inside private banks. The intermediaries who understand both sides of that shift are extracting significant value right now.