McKinsey Insights & Publications Follow The second look: An adaptive approach to reunderwriting The best-performing PE firms build on deal diligence in a disciplined way throughout the hold period, revisiting and retuning their exit options and equity stories to realize higher returns. https://www.mckinsey.com/industries/private-capital/our-insights/the-second-look-an-adaptive-approach-to-reunderwriting mckinsey.com