Angel Investors Network — Investment News, Analysis & Insights Since 1997
AngelList Review 2026: How Syndicates and Rolling Funds Actually Work for Accredited Investors

Carta Review 2026: What Happened After Carta Killed Its Own Secondary Market

Pinegrove Closes $1.5 Billion Oversubscribed VC Fund-of-Funds: What It Means for LP Access

Jefferies Credit Partners Builds $4 Billion European Direct Lending Platform Anchored by Allianz Global Investors

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PennantPark Raises $745 Million for a Credit Continuation Fund
PennantPark closed a $745 million GP-led credit continuation fund backed by Pantheon, moving first-lien loans from seven aging funds into PCS and giving LPs a cash-out or roll-forward option.

Arini Capital Nears $4 Billion Final Close on Debut European Direct Lending Fund
Arini Capital Management nears a $4 billion final close on its debut European direct lending fund, anchored by BCI at $200 million with a 12 to 14 percent net IRR target and a Lazard sourcing partnership.

Pinegrove Closes $1.5 Billion Oversubscribed VC Fund-of-Funds: What It Means for LP Access
Pinegrove Venture Partners closed a $1.5 billion oversubscribed VC fund-of-funds. Here is how the structure works, what two layers of fees actually cost, and how smaller investors can get comparable exposure.

Hercules Capital Closes $2.3 Billion Across Two Private Credit Vehicles
Hercules Adviser closed two private credit vehicles in September 2026, raising $2.3 billion. The Evergreen Fund offers perpetual LP access while Growth Lending IV follows a closed-end model.

Jefferies Credit Partners Builds $4 Billion European Direct Lending Platform Anchored by Allianz Global Investors
Jefferies Credit Partners secures approximately $4 billion in European direct lending capacity, anchored by Allianz Global Investors. Here is what this deal means for private credit LPs and independent managers.

The SEC's $80 Million Pacific Fund Case: Seven Red Flags Every Accredited Investor Should Know
The SEC charged Bay Area fund managers Mark Hanf and Nam Phan with a Ponzi-like scheme raising $80 million from 190 mostly retired investors, leaving less than $17 million to cover $121 million owed.
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