NYAIR Episode 113

By Sarah Kuhns, May 20, 2026

The Investment Table: Lunchtime Webinar What PE Really Values: Financial Infrastructure That Drives Returns

This episode breaks down how reporting quality, internal controls, data integrity, and management readiness shape valuation outcomes for companies preparing for private equity or strategic transactions. The panel explores why “good enough” systems still need to be reliable, how AI fits into modern finance workflows, and why buyers reward businesses that are ready for diligence before the process begins. Access the Episode

Featured Guests

Neely Pielet

Managing Director, New Mountain Capital

Neely Pielet, Managing Director, joined New Mountain in 2020. Ms. Pielet is primarily dedicated to private equity where she leads Office of the CFO, and she also serves as the Audit Chair at ABB and Wipfli. Prior to New Mountain, Ms. Pielet was in the finance organization at Unilever from 2010-2020 and served as a Director on the North America Finance leadership team since January 2019. In her most recent role as Supply Chain Finance Director, Ms. Pielet led the financial operations of 11 Distribution sites, 14 manufacturing facilities and strategic transformation projects. Prior to her role as Director, Ms. Pielet held various positions including: Assistant Controller, Finance Lead of the Hair Care business ($1 billion in sales), Corporate Audit, Finance business partner to the strategic growth channels including, eCommerce and FP&A, where Ms. Pielet led the forecasting of the North America monthly budget.

Jeffrey Glick

CPA, Head of U.S. Operations, Outsourced CFO

Jeff is a US based finance executive with more than three decades of leadership in hedge funds, private equity, SPACs, family offices, and renewable-energy ventures. A former CFO for Sagard Capital, Almaz USA, and other global entities, he founded the outsourced-finance firm Start U Up in 2011 and has guided high-growth companies and funds through launch, scale-up, and strategic exits. Now spearheading Outsourced 

 U.S. expansion, Jeff pairs deep technical expertise with board-level insight to help founders unlock capital efficiency and sustainable growth.

Dimitri Drone

Managing Director, Co-Head of Corporate Valuation Advisory Services, Houlihan Lokey.

Mr. Drone is a Managing Director and Co-Head of Houlihan Lokey’s Corporate Valuation Advisory Services practice as well as leader of the Pharmaceutical and Life Sciences (PLS) practice. He is also a member of the firm’s Financial and Valuation Advisory business leadership team. Mr. Drone is based in the firm’s New York office.

Prior to joining Houlihan Lokey, Mr. Drone was the global leader of PwC’s Deals business for the PLS sector for nearly a decade.

Mr. Drone is a seasoned deal consultant with over 30 years of experience advising on hundreds of transactions representing billions of dollars in transaction value and/or capital. More specifically, he advises corporate and private equity clients on the structuring of complex M&A transactions, alliances, partnerships, and joint ventures, as well as minority investments, to address financial reporting, corporate finance, and valuation issues. In addition, Mr. Drone is a leading advisor within the valuation community on valuation principles, methodologies, and critical assumptions employed in various business enterprise, intangible asset, and security valuation exercises across the spectrum of life science industries, including pharmaceuticals, biotech, medical device, diagnostics, generics, consumer, animal health, healthcare services, contract manufacturers, and contract research organizations. His clients range from startup biotech and medical device companies to the largest global life science companies.

Mr. Drone holds a B.S. in Accounting from Bucknell University and an MBA in Finance and Economics from the University of Chicago. He is a Certified Public Accountant in New York and a CFA charterholder.

Key Insights From This Episode

Data integrity drives value.

The panel repeatedly returns to one theme: buyers care less about fancy systems than about reliable, timely, and accurate information that supports confident decisions. When the underlying data is weak, valuation ranges widen and downside risk increases.

“Good enough” still has to scale.

A company does not need a Cadillac finance stack, but it does need infrastructure that fits its size and complexity. The right benchmark is whether the system supports disciplined reporting, forecasting, and decision-making as the business grows.

Management quality and process both matter.

Strong leaders can create value, but the panel stresses that value also depends on whether the business has repeatable processes that survive a personnel change. Buyers want a company that works even if key people leave.

Month-end close is a value lever.

Neely Pielet frames the monthly close as one of the most important finance processes because it determines how quickly leadership and buyers can trust the numbers. A clean close supports timely decisions, sharper KPIs, and stronger visibility into performance.

AI only helps when the workflow is sound.

Dimitri Drone and Neely Pielet both note that AI can improve efficiency, but only if the company has the process discipline to use it well. Without clear ownership, reconciliations, and review, technology becomes a buzzword instead of a value driver.

Preparation changes the outcome.

Jeff Glick explains that companies should start preparing 12 to 18 months in advance of a transaction, especially if they need to clean up reporting, controls, or personal expenses. The earlier the work begins, the more likely the business is to enter diligence with credibility and leverage.

Access the Full Conversation

To hear the full discussion and download the custom insights deck, access the complete episode and explore how finance leaders can build stronger systems, reduce diligence friction, and create measurable enterprise value. For professionals in financial services, this conversation is a practical guide to improving readiness before a sale, financing, or transformation event.

Soundbites Worth Saving

“Garbage in, garbage out.”
— Jeffrey Glick


“We need good enough.”
— Neely Pielet


“You are not going to get what you think you deserve for various reasons and one of them is your financial infrastructure.”
— Jeffrey Glick

Shape the Future of Alternatives With Us

The New York Alternative Investment Roundtable brings together the brightest minds in finance—Nobel laureates, industry disruptors, Fortune 1000 executives, and leading fund managers. By joining as a member, you gain access to premium events, exclusive insights from our podcasts, and direct connections with the decision-makers shaping global markets.

Your seat at the table is waiting.