Houlihan Capital is an independent valuation and boutique investment banking firm based in Chicago, Illinois. The firm provides valuations of businesses and complex and illiquid securities, purchase price allocations and valuation of intangible assets, and fairness and solvency opinions, among other types of engagements. Houlihan Capital's investment banking team specializes in lower and middle market deals where they assist in buy-side and sell-side advisory, capital raises and secondary sales of LP interests and minority positions.