From UpLevered’s deskMiddle-market private equity
The private equity desk reference.
LBO mechanics, valuation, deal structuring, and middle-market workflows, explained with worked examples, traps, checklists, and downloadable models.
- 01 Analysts & Associates
- 02 Interview Candidates
- 03 Deal Teams
Used as a technical reference by finance professionals and PE candidates
$150M Distribution LBO
- Entry enterprise value
- $150M
- Exit multiple
- 6.0x
- Base-case IRR
- 25.1%
- Base-case MOIC
- 3.1x
Trace every return output back to the operating case, debt schedule, and exit assumptions.
Technical deep-dives
The concepts that drive deal decisions, explained for practitioners rather than textbooks.
Work a real deal
PE Case Study: $150M Distribution LBO (Step-by-Step)
A hands-on Excel lab with a downloadable model: build the mini-LBO, model ABL availability, stress working-capital timing, and present a value bridge.
Open the case study →Landing the seat
The unwritten rules for breaking in, especially from non-traditional backgrounds.
AI in private equity, with controls
Practitioner workflows for faster research, document work, and model review without outsourcing the underwrite. AI proposes. Sources anchor. Checks verify. Humans decide.
Built by a practitioner, not a publisher
UpLevered is written by Andrew Gallagher, a former PE Senior Associate who broke in without the mega-fund pipeline and closed $40M-$250M middle-market deals. Every guide on this site reflects real workflows, real deal structures, and the unwritten rules that don't show up in textbooks.
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PE frameworks, deal analysis, and career intel for middle-market practitioners, every two weeks.
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