Investment Bankers and Deal Sources - What Do You Think?

People used to think that investment makers were a necessary evil, but now they're shifting to think of them as an important channel partner. Jay: As the industry has matured, private capital has developed into its own ecosystem. Investment bankers and deal sources are a critical part of that. The mindset can be on the run-on auction and they drive the price up. But the market does that. It's what drives prices and leveraged multiples up.