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    Aerial view of a government building's roofline and facade, lit by golden light against dark shadows, conveying institutional weight and fiscal responsibility.
    Alternative Investments

    US Debt Hits $40 Trillion. Yields Make It Worse

    TL;DR: US debt hit $40 trillion this week as the 10 year Treasury yield jumped to 5.23%, its highest since 2007, and the 30 year hit 5.49%, its highest since 2004, per Hindustan Times and Fortune. A …

    Jeff Barnes, MBA··6 min read
    Private Equity's Growing Role in U.S. Insurance
    Private Equity

    Private Equity's Growing Role in U.S. Insurance

    I signed off on more than 1,000 QA jobs on a nuclear submarine. Every one asked the same question: who actually verified this, and what happens if they were wrong? That question belongs in your insur…

    Jeff Barnes, MBA··6 min read
    A fountain pen on a signed retirement account agreement on a dark wood desk, lit by a single lamp.
    Alternative Investments

    IRA Investing: What a Self-Directed IRA Allows

    Your Broker's Menu Isn't the Law. It's a Business Decision I spent years signing off on QA jobs aboard a fast attack submarine, where the rule was simple: verify before you trust. Nobody's word was g…

    Jeff Barnes, MBA··8 min read
    EquityZen vs. Hiive: Pre-IPO Secondary Markets in 2026
    Venture Capital

    EquityZen vs. Hiive: Pre-IPO Secondary Markets in 2026

    The pre-IPO secondary market hit a consolidation turning point in early 2026: Morgan Stanley closed its acquisition of EquityZen on January 27, 2026 and immediately cut buyer-side fees from 5% to 2.5%

    Jeff Barnes, MBA··13 min read
    Hines Rialto Closes 1.1B Office Credit Fund
    Alternative Investments

    Hines Rialto Closes 1.1B Office Credit Fund

    Hines and Rialto Capital closed their co-general partnership fund, Hines Rialto Credit Partners, at $1.1 billion in investor commitments on September 15, 2026, attracting 126 investors at a $100,000 m

    Jeff Barnes, MBA··11 min read
    What Is a Management Fee Waiver in Private Equity?
    Private Equity

    What Is a Management Fee Waiver in Private Equity?

    A management fee waiver is an election a private equity general partner makes to forgo its annual management fee — typically 2% of committed capital — in exchange for an increased profits interest in

    Jeff Barnes, MBA··11 min read

    Invest Smarter With Angel Investors Network

    The Wealthy Renegade

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