MFD Advisory

Private Markets Investor Relations Solutions

MFD Advisory works with private markets GPs and IR professionals to provide tailored investor relations solutions.

19Years of IR / fundraising experience*
$73BAggregate capital raises supported*
29Fundraises supported*

*Statistics represent the professional experience of the founder of MFD Advisory, LLC (“MFD”), including experience at other firms prior to MFD’s formation, as of June 2026. “Aggregate Capital Raises Supported” includes an aggregate of $62B of capital raises supported by MFD’s founder prior to MFD’s formation and IR project management services for an aggregate of approximately $11B of capital raises supported by MFD (reflecting targeted fund sizes for MFD clients currently in market / coming to market as of May 2026). Note that MFD acts solely as a consultant and MFD’s services are strictly related to investor relations project management activities, do not include and are not intended to include the finding or solicitation of any investors or any other broker-dealer or placement agent activities in any jurisdiction.

Our services

We work as a hands-on strategic & tactical partner to refine our clients’ marketing narratives and incorporate IR best practices

Consulting Services

Project-based, short-term IR help (1–6 months with an option to renew)

Use case examples

  • Fund launches
  • Pitch revamps
  • Leave coverage

Limited to 3 GPs at a time to maintain high service levels

Advisory Services

For existing Consulting Service clients who want ongoing help in specific areas

Use case examples

  • AGM / LPAC preparation
  • Quarterly webinar preparation
  • Annual messaging review

Available to existing Consulting Service clients

MFD Academy

IR training tailored to your team’s needs, which can include access to / training on Preqin, Dakota and PitchBook

Use case examples

  • New IR hire onboarding
  • IR team offsites
  • IR database tutorials / access

Our Approach

Why work with an external IR team?

IR talent is expensive1
Cost to employ an IR product specialist: median $1.6M total ($870K of cash comp, $1.3M of recurring cost); top quartile $2.4M total ($1.3M of cash comp, $2.0M of recurring cost). Components: base, bonus, benefits, carry (annualized), recruiter.
Good IR talent is hard to find2
The IR talent dilemma (available, experienced, affordable: pick two). Rock Stars: available and experienced, but expensive. Eager Beavers: available and affordable, but inexperienced. Steady Eddies: experienced and affordable, but unavailable.
We work with in-house IR similarly to how in-house legal works with external counsel3
100%Of our clients have
in-house IR professionals
67%Of our clients use
placement agents
100%Of our clients have renewed
our initial contract

(1) MFD analysis based on data from Heidrick & Struggles (2025), The Good Search (2026), and the U.S. Department of Labor (2025). Carry shown is annualized based on a weighted average of reported vesting time; recruiter amount reflects the low end of the fee range reported for retained search firms. (2) Analysis based on MFD’s market perspectives and opinions. (3) Represents statistics for all Consulting Services clients since MFD’s inception as of Q2 2026. Renewals include Consulting Service clients who elected to continue with MFD’s services following an initial trial period.

Our team

We have in-house IR / fundraising experience spanning private equity, private credit and real asset investment strategies

Monica F. Davis

Monica F. Davis

Founder & Managing Partner

19 years’ experienceKKR, Vista, L Catterton, Merrill Lynch

Shannon Irish

Shannon Irish

Vice President

14 years’ experienceKKR, Bank of America

Alexander Middleton

Alexander Middleton

Senior Associate

9 years’ experienceVista, J.P. Morgan

Monica F. Davis

Founder & Managing Partner

Monica F. Davis is Founder and Managing Partner of MFD Advisory, a boutique consulting and advisory practice providing outsourced private markets investor relations solutions. Monica is responsible for all aspects of managing the firm and has nearly 20 years of private markets investor relations experience, including in-house leadership roles in product management, capital raising, and business development functions. In 2019, she was one of six private equity fundraising executives recognized on the Wall Street Journal’s Women to Watch list, an annual recognition of women’s work in the private equity industry.

Prior to founding MFD Advisory in 2023, Monica led Vista Equity Partners’ investor relations and capital raising efforts in the Southeast & Mid-Atlantic U.S. out of Washington, D.C. Prior to joining Vista in 2021, Monica spent 14 years in various capital formation roles in New York City, including two years with L Catterton, over seven years with KKR, and over four years with Merrill Lynch’s Private Equity Funds team and its subsequent spin-out company, Mercury Capital Advisors.

Monica holds MBAs from both Columbia Business School and London Business School, having completed a dual-degree program with coursework in New York, London, Dubai, Hong Kong, and Mumbai. Monica holds a BBA in Finance (summa cum laude) from Howard University.

Shannon Irish

Vice President

Shannon Irish is a Vice President at MFD Advisory, where she leverages ~14 years of experience in investor relations, investment banking, and client relations to support the firm’s consulting and advisory practice.

Prior to joining MFD Advisory, Shannon was a Principal and Product Specialist at KKR, where she led capital raising efforts across multiple asset classes including growth equity, infrastructure and real estate. Before KKR, Shannon was an investment banker in Bank of America’s Real Estate Gaming & Lodging Group, where she advised large companies on a variety of mergers and acquisitions, debt, and equity market financings, totaling over $25B in transaction value.

Shannon holds an MBA from the University of Pennsylvania’s Wharton School of Business and a BA (cum laude) from Binghamton University.

Alexander Middleton

Senior Associate

Alex Middleton is a Senior Associate at MFD Advisory, where he supports the firm’s consulting and advisory practice, which focuses on providing outsourced private markets investor relations solutions.

Prior to joining MFD Advisory, Alex was a Product Management Associate at Vista Equity Partners. Prior to joining Vista in 2022, Alex spent five years at J.P. Morgan, where he served as a Product Specialist on the Multi-Asset Solutions team. In his role at J.P. Morgan, Alex focused on portfolio construction and relationship management for institutional clients and consultants.

Alex holds a BS in Finance (magna cum laude) from the University of Dayton and a CFA Level 1 certification.

Our values

Our core values

Excellence

We bring a concierge mindset to helping clients adopt IR best practices tailored to their needs & goals.

Integrity

We lead with integrity & seek to work with those who concern themselves with truth.

Reliability

We are faithful to our commitments, and we honor our obligations.

Grit

We like people with grit and believe there is no substitute for passion and perseverance.

Innovation

We embrace technology and data-driven solutions as key pillars of innovation for efficient capital formation.

Empathy

We believe understanding others’ perspectives is a strategic imperative to build the trust needed for IR.

“People do business with people they like and trust… You may be the smartest, the greatest tactician and negotiator… but if the people you’re doing business with don’t trust you or don’t like you, then the rest of it really does not matter at all.” – Henry Kravis

Contact us

Learn more about our services

Email us to learn more about how we work with private markets GPs and IR professionals.