Randi Mason Discusses Middle Market Fundraising Trends with Mergers & Acquisitions
Partner Randi Mason, co-chair of Morrison Cohen’s Corporate Practice and the firm’s Healthcare & Wellness Group, was quoted in a Mergers & Acquisitions article titled “The State of Middle Market Fundraising.” The article examines shifting fundraising trends in 2026, where mega-fund momentum has buoyed large managers while smaller middle-market funds face longer fundraising cycles, heightened scrutiny on terms and increasing pressure to differentiate. With exits constrained and liquidity tight, both GPs and LPs are navigating a more selective and demanding environment.
Randi discussed the rise of independent sponsors in this environment, noting that “many people are simply forgoing the idea of raising a committed fund and are instead raising capital for specific deals.” Dealmakers have different motivations for becoming independent sponsors, Randi explained. Some may “want a bigger piece of the pie” or “more autonomy,” while others leave because they “disagree with some of the mandates at their organizations or the strategic restrictions of their larger organization. But when people leave the large funds, they often recognize it is tough to raise a commitment fund so they go out on a deal-by-deal basis.”
Increasingly, she observed, “when people leave those larger platforms, they’re not leaving as much with the express intention of raising a commitment fund.”
Read the full article here.
Contacts
- Randi Mason Partner & Co-Chair, Corporate
- rmason@morrisoncohen.com
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