Freeing cash trapped in receivables, inventory, and payables — releasing capital the business already has without touching revenue or profit.
The recurring package of performance, financials, and decisions a company prepares for its board — the formal record of how a portfolio company is governed.
The number of days cash is tied up in operations between paying suppliers and collecting from customers — how long a company <em>funds</em> its own working capital.
The recurring working session where management and the sponsor interrogate last month's actuals against plan and decide what to do about the variances.
The state of a portfolio company being prepared, well before a sale, so it can withstand buyer diligence and transact at full value without surprises.
The explicit roadmap of how a sponsor intends to grow the value of a portfolio company over the hold — the thesis turned into owned, dated workstreams.