Law360, New York (March 17, 2017, 11:38 AM EDT) -- The quintessential growth equity investment target is an operating company that has emerged from the startup or venture capital stage and generally has a proven track record of growing revenues, having net profits and producing more stable, predictable cash flows. Despite their somewhat more predictable vitals, growth-stage companies are still relatively young and often lack sufficient financial performance to support traditional debt balance sheet financing to fund large organic growth initiatives or allow for leveraged buyouts by private equity sponsors. In addition to needing cash infusions to support growth and development, many growth-stage companies require professional business and operational support and industry expertise to navigate a new and increasingly competitive and complex marketplace. The need for both capital and such advisory services makes growth-stage companies attractive targets for private equity investment professionals who are often in a unique position to provide both the cash and expertise required to further develop and grow the target's business....