Within investment banking, the size of transactions varies greatly from deal to deal and from bank to bank. Companies are often categorized as small-cap, mid-cap, or large-cap depending on the company’s perceived market value. Middle market investment banks carve their niche primarily in transactions involving small-cap and mid-cap companies. The value parameters of the middle market differ according to the source, but generally middle market investment banks conduct deals ranging from $20 million to $100 million. These boundaries do not confine our business, as sports league transactions often exceed $100 million and investments of less than $20 million are made. However, as the majority of sports teams and sports-related businesses are not considered juggernaut corporations, Park Lane is a sports investment bank that dedicates most of our business to middle market sports finance.