Advisory Shares: What They Are and How to Negotiate Them
TL;DR: Advisory shares are equity grants to outside advisors, typically awarded as NSOs or RSAs. Standard advisors receive 0.25% at idea stage, dropping to 0.15% by growth stage. You vest over two yea
June 7, 2026
Form ADV: How to Read It Before You Hire Any Financial Adviser
FORM ADV: HOW TO READ IT BEFORE YOU HIRE ANY FINANCIAL ADVISER TL;DR Form ADV is the mandatory SEC disclosure document that every registered investment adviser must file. You need to read it before yo
June 7, 2026
TVPI Explained: The PE Metric LPs Use to Grade Fund Returns
TL;DR TVPI (Total Value to Paid-In Capital) measures every dollar of value a private equity fund has generated relative to the capital you invested. It combines the cash you have already received with
June 7, 2026
Hologic's $18.3B Take-Private: A PE Deal Masterclass
Blackstone and TPG just closed an $18.3 billion take-private of Hologic on April 7, 2026. The price was $76 per share in cash plus a contingent value right (CVR) worth up to $3 per share. That's a 46
June 7, 2026
Fund of Funds Explained: Fees, Returns, and Who Should Use One
**TL;DR** A Fund of Funds (FoF) is a pooled investment vehicle that buys stakes in other investment funds rather than directly in portfolio companies. You get access to oversubscribed top-tier manager
June 7, 2026
Blackstone Gates BCRED for the First Time: What It Means for Your Alternative Investments
Blackstone just did something it has never done before. On June 4, 2026, the investment giant announced it would gate redemptions on BCRED, its flagship $79 billion private credit fund. Investors aske
June 7, 2026
The SEC Petition to Raise Reg CF to $20M: What It Means for Angel Investors and Crowdfunding
In January 2026, Sherwood Neiss, the co-author of the original JOBS Act Title III crowdfunding framework, filed a formal petition with the SEC asking the Commission to raise the Regulation...
June 6, 2026
The Liquidity Illusion in Evergreen PE Funds: What Accredited Investors Aren't Being Told
When Partners Group gated its $8.6 billion evergreen private equity fund on June 3, 2026, after redemption requests reached 9.8% of NAV versus a 5% contractual cap, investors who thought they had...
June 6, 2026
Bridge Logistics Closes $1.4B Industrial Fund: Why Institutional Money Is Still Betting on Warehouses
Bridge Logistics Properties, an industrial real estate manager operating under the Apollo Global Management umbrella after Apollo's $1.5 billion all-stock acquisition of Bridge Investment Group in...
June 6, 2026
Mach Industries Raises $300M at $1.8B Valuation: What Defense Tech's Hottest Startup Means for Investors
Mach Industries, a three-year-old defense manufacturer founded by 22-year-old MIT dropout Ethan Thornton, closed a $300 million Series C on June 2, 2026, valuing the company at $1.8 billion, a 4x...
June 6, 2026
Crescent Capital Closes $10.8B Direct Lending Fund: What the Record Raise Signals for Private Credit
Crescent Capital Group closed its fourth U.S. direct lending fund on June 3, 2026, raising $10.8 billion in total investable capital, more than double the $4.2 billion predecessor fund closed in...
June 6, 2026
Partners Group Just Gated Its $8.6B Evergreen PE Fund: What Accredited Investors Need to Know Now
Partners Group gated its $8.6 billion Partners Group Global Value SICAV on June 3, 2026, after quarterly redemption requests reached 9.8% of net asset value, nearly double the fund's 5% contractual...
June 6, 2026