Alvarez & Marsal Commercial Due Diligence Managing Directors Jennifer Holland and Elizabeth Pearsons share what rigorous commercial diligence looks like in practice, and where most PE firms are getting it wrong.

Defense investment is accelerating across multiple geographies, and the capital pursuing it is growing at a faster pace. Global venture capital investment in defense technology reached a record $49.1 billion in 2025, nearly double the previous year's total.

Alvarez & Marsal (A&M), a leading global professional services firm, today announced the appointment of Val Philippe as a Managing Director within its Global Transaction Advisory Group (Global TAG), continuing the expansion of the firm’s Financial Services capabilities amid growing demand from private equity sponsors and strategic investors for integrated transaction and operational advisory support.

Canadian private capital enters 2026 in a state of disciplined optimism. The environment is more selective, more data-driven, and significantly more execution-focused than in prior cycles.