Shafir Advisory · Est. London

Proof before exit. Three bets a quarter.

An advisory practice for PE-backed companies. Three operating bets per quarter, sequenced into the proof buyers pay for at exit.

Built from the inside. 12–24 months before process.

Slava Shafir — Operating Partner at Corsair Capital, board advisor and speaker at PEW Summit 2026

Slava Shafir

Operating Partner at Corsair Capital · Board roles across PE-backed identity verification, fund administration, and Nordic fintech · Speaker at PEW Summit 2026

The evidence gap

Private Equity has built sophisticated value-creation models. Most portcos run too many initiatives and arrive at process with plans, not proof.

Buyers discount plans. Evidence holds price.

The work isn't more strategy. It's converting plans into evidence — during the hold period, not the last 90 days.

Shafir Advisory operates inside the portfolio to build the proof a buyer will demand. Contracted, not hopeful. Quantified, not asserted. Tested against buyer logic before it reaches the data room.

The math of proof

Three numbers that define why evidence-led prep starts 12–24 months before process — not last quarter.

WHO THIS SERVES
$50M–$500M

Revenue range, PE-backed and mid-market

$0$500M$1B
WHEN WE OPERATE
12–24 mo

Months before process — the proof-building window

24+
12–24
6–12
<6
Too late.
WHY IT PAYS
+0.5–1.5x

Exit multiple uplift from buyer-credible evidence vs. plan-only positioning

Plan-based exitProof-based exit
Pattern observed across PE-backed engagements, 2024–2026.

How we work

01

Diagnose

Where is the proof gap? Which claims will a buyer challenge? What evidence exists today vs. what's needed at exit?

02

Place

Three bets a quarter. Owned, sequenced, proof-graded. Everything else is parked or killed.

03

Stress-test

Buyer-lens pressure testing on every claim. If it won't survive due diligence, it gets fixed now.

Selected work

PE-backed regtech platform, EU/UK
6-month retainer, ongoing

Situation

Aggregate Net Revenue Retention masked customer concentration risk. Plans called for scale; proof of expansion was uneven.

Intervention

Evidence Control System surfaced at-risk ARR by cohort 18 months before process. Targeted account intervention with monthly proof tracking.

Outcome

Identified proof gaps gated remediation work that protected exit narrative before buyer-side discovery.

PE-backed financial services platform
9-month exit prep retainer

Situation

Board budget contained material upside that wasn't cleanly contracted vs. hopeful. Credibility year narrative under pressure from sponsor.

Intervention

Contracted-vs-Hopeful split rebuilt the budget bridge. Investment release gated behind Q2 proof points. Monthly scorecard to sponsor.

Outcome

Repositioned narrative from "decline" to "credibility year," with proof points landing on time through Q2.

Northern European regulated fintech
6-week diagnostic sprint + ongoing advisory

Situation

Vendor risk and operational resilience framework was 47 pages of process with no buyer-credible evidence layer.

Intervention

Compressed assessment to four killer questions tied to evidence. Q1 operational readiness sequenced to support Q2 regulatory submission.

Outcome

Regulatory readiness evidenced rather than asserted. Buyer-lens defensible.

How to work with us

01

Diagnostic Sprint

4–6 weeks, fixed scope
For
Companies 12–24 months from process needing a baseline
Scope
Mock buyer DD on top three value claims, evidence inventory, proof gap report, prioritized intervention plan
Output
Single-page proof gap report to CEO and sponsor
02

Exit Prep Retainer

6–18 months, monthly cadence
For
Companies inside the exit window committed to evidence-led prep
Scope
Embedded operating discipline, Evidence Control System rollout, monthly proof scorecard, board-pack support, pre-process buyer rehearsals
Output
Monthly scorecard, quarterly buyer-lens stress test
03

Board Advisory

Ongoing, quarterly cadence
For
PE sponsors needing operating partner depth on a specific portco
Scope
Pre-board diagnostic, board attendance, post-board claims reconciliation, value creation plan oversight
Output
Quarterly proof tracker, board reconciliation memo

Who this is for

Good fit

  • Revenue $50M–$500M, PE-backed
  • 12–24 months from process
  • Plans exist; proof doesn't
  • Management ready to be challenged
  • Sponsor and CEO aligned on evidence-led prep

Not a fit

  • Pre-process panic prep (under 90 days out)
  • Pre-PE companies seeking generic strategy
  • Mandates requiring slide production over evidence work
  • Engagements where management will not be challenged

What we don't do

01

We don't run commercial due diligence. We close the gaps CDD reveals.

02

We don't run operational due diligence. We make sure your operating story is buyer-credible before ODD opens.

03

We don't replace your management team. We sharpen them.

04

We don't build slides for slides' sake. Every artifact is evidence or it doesn't ship.

Where we sit

Most exit advisors operate outside the company or arrive too late. Shafir Advisory operates inside, ahead of process.

CDD FIRMS

Diagnose gaps. Don't close them.

INVESTMENT BANKS

Sell the story. Don't build it.

STRATEGY CONSULTANTS

Build the plan. Don't make it real.

SHAFIR ADVISORY

Build the proof. Inside the company. Before the data room opens.

External advisor → Embedded operator
Strategy consultants
CDD firms · Investment banks
Shafir Advisory
Pre-process (12–24 months out) → Process (last 90 days)

About

Slava Shafir — Operating Partner at Corsair Capital, board advisor and speaker at PEW Summit 2026

Slava Shafir is an Operating Partner at Corsair Capital with board roles across PE-backed companies in identity verification, fund administration, and Nordic fintech. He works inside portfolio companies to close the gap between value creation plans and the proof a buyer will demand at exit.

Based in London. Speaks on PE value creation, exit readiness, and evidence-led operating discipline.

I built Shafir Advisory because I kept seeing the same pattern across PE portfolios. The plans were good. The execution was good. The proof wasn't there when a buyer asked. Value got left on the table — not because the strategy was wrong, but because the evidence hadn't been built. Shafir Advisory exists to fix that, 12–24 months before process, when there's still time to make it real.

— Slava

Speaking
  • PEW Summit 2026, London — Panel on PE value creation

"Plans don't hold price. Proof does."

Where we've operated

Companies and funds where Slava has operated from the inside — not advised from a distance.

Corsair Capital
Deutsche Bank
Barclays
PATRIZIA
Duco
DeepSee

Perspectives

Operating notes on PE value creation and exit readiness. Ungated. Read or forward.

The Evidence Gap

Why PE exits are won and lost on proof, not plans

A 12-page operating thesis on the gap between PE value creation plans and the evidence buyers actually pay for. Drawn from PEW Summit 2026 and three portfolio engagements.

Download PDF

Available June 2026.

5-minute Exit Readiness Diagnostic

Twelve questions. Self-assessed. We send back a one-page proof gap report within 48 hours.

1. How far from process?
2. Has a buyer-lens stress test been run on your top three value claims in the last 6 months?
3. Are your top KPIs primarily contracted or hopeful?
4. Top 5 customer concentration as % of revenue?
5. Net Revenue Retention pattern?
6. Forecast shape — is there a hockey stick?
7. Cash conversion — Adjusted EBITDA to cash ratio?
8. Is your GTM data backing your GTM narrative?
9. Platform or tech migration status?
10. Management team continuity through process?
11. Mock buyer Q&A in the last 6 months?
12. Your single biggest proof gap, in one sentence:

Request a call

If you're 12–24 months from exit and need proof, not slides — let's talk.

Proof before exit.

Let's talk.