Blackbird Ventures Closes $1 Billion Sixth Fund: What It Signals for US LPs
TL;DR: Blackbird Ventures, Australia's largest venture capital firm, has closed its sixth fund with more than $1 billion in commitments, putting it within striking distance of breaking its own 2022 re
August 17, 2026
CrowdStreet Adds Neuberger Berman: Trust Rebuild or Borrowed Credibility?
TL;DR: CrowdStreet added the Neuberger Berman Private Markets Access Fund to its platform on August 12, 2026, its seventh institutional fund alongside two Nuveen strategies already live. Neuberger Ber
August 17, 2026
The SEC Just Redrew the Line Between Data Centers and ABS. Here's What It Means for Your Money
TL;DR: On July 29, 2026, the SEC's Office of Structured Finance told Latham & Watkins that certain securities backed by data center platforms are not "asset-backed securities" under Section 3(a)(79)...
August 16, 2026
Long/Short Equity Hedge Funds: Why Market Neutral Does Not Mean Safe
TL;DR: "Market neutral" describes a fund's net exposure to the overall market, not its total risk. A long/short equity fund can hold zero net exposure and still lose 20% or more in a month if its...
August 16, 2026
Micron's $250 Million Paradigm Fund: A Corporate VC Playbook for AI Investors
TL;DR: On August 13, 2026, Micron Technology (Nasdaq: MU) launched the Micron Ventures Paradigm Fund , a $250 million corporate venture vehicle aimed at the full AI stack: model architectures,...
August 16, 2026
Gold and Silver Royalty Companies: A Lower-Risk Way to Play Rising Precious Metal Prices
TL;DR: OR Royalties closed 2025 with record revenue of $277.4 million, up from $191.2 million in 2024 , ended the year debt-free, and guided to a 97% average cash margin for 2026. That margin number...
August 16, 2026
QSBS Under Section 1202: What OBBBA Changed and Why Your Issuance Date Is Everything
TL;DR: If you hold stock in a qualified small business, a domestic C-corp startup, typically, Section 1202 of the tax code can let you sell that stock and pay zero federal tax on some or all of the...
August 16, 2026
SEC Raises Qualified Client Thresholds to $1.4M and $2.7M: What Changes June 29, 2026
TL;DR: On April 28, 2026, the SEC issued Release No. IA-6961 , raising the dollar thresholds for "qualified client" status under Rule 205-3 of the Investment Advisers Act of 1940. Effective June 29,...
August 16, 2026
AngelList Rolling Funds in 2026: A Solo GP and LP Review
TL;DR: AngelList's Rolling Fund lets a solo GP raise venture capital in recurring quarterly subscription cycles instead of one big upfront close, and AngelList's own Rolling Fund help documentation...
August 16, 2026
Pershing Square Ventures: Ackman's New Evergreen Fund Has a Liquidity Problem
TL;DR: Bill Ackman's Pershing Square disclosed to shareholders around August 13, 2026 that it is launching Pershing Square Ventures Ltd., a new evergreen fund targeting pre-IPO AI and biotech...
August 16, 2026
Beyond 2-and-20: The LP Checklist for Auditing a Private Fund's Total Fee Load
TL;DR: "2 and 20" is marketing shorthand, not your actual cost of capital. The Institutional Limited Partners Association has spent years building standardized fee and expense reporting templates...
August 16, 2026
Why Single-Family Offices Don't Register With the SEC (And PE Firms Do)
TL;DR: Single-family offices that manage money for one wealthy family are excluded outright from the definition of "investment adviser" under a rule the SEC adopted in 2011 to implement Section 409...
August 16, 2026