Why the GP-Led Continuation Vehicle Boom Should Worry LPs, Not Reassure Them
Hamilton Lane just led a $270 million single-asset continuation vehicle so Cynosure Partners could keep its decade-old stake in Savant Wealth Management, a firm that's now roughly 25 times larger...
August 11, 2026
How to Read a BDC's 10-Q Before You Buy: A 7-Point Checklist for Retail Investors
The dividend yield printed on a business development company's cover page is the least useful number in the filing. Before you buy a BDC for its 10%+ yield, open the actual 10-Q and check whether...
August 11, 2026
Attention Is the Real Capital Scarcity Problem for Emerging Managers
There is still a massive amount of money in private markets. The capital pools available to allocators have never felt larger. The real choke point for emerging managers is not capital — it is attention.
August 10, 2026
Why Warm Intros Are Overrated in Fundraising
Warm intros make founders and emerging managers feel like progress is happening. But access is not conviction. Here is what serious investors are actually evaluating once the meeting starts.
August 10, 2026
The Capital Raise Before the Capital Raise
Most managers think a capital raise starts when they book the first LP call. It doesn't. Real fundraising starts months earlier, in the quiet work nobody sees.
August 10, 2026
The Real Job of a First Close
Most emerging managers think a first close is the moment they can finally exhale. It is not. A first close is not the finish line. It is proof the market can finally believe you. That distinction m...
August 10, 2026
The First-Time GP Brand Problem: Too Much Ambition, Not Enough Edges
Most first-time GPs think they need a bigger story. Bigger vision. Bigger market. Bigger upside. What they need is a sharper edge. In every fundraising environment...
August 10, 2026
Most First-Time GPs Underestimate the Cost of Looking Legit
Many first-time GPs think the hard part is getting the story right. It isn't. The hard part is building an operation that can survive serious diligence—and budget accordingly.
August 10, 2026
Why Investor Questions Are Usually Process Audits in Disguise
Investor due diligence questions are rarely just requests for information. Sophisticated allocators use them to audit your decision-making process, repeatability, and governance discipline.
August 10, 2026
Leverage on Leverage: The Hidden Risk in Rated CFO and CLO Structures
TL;DR: Rated collateralized fund obligations (CFOs) now let insurers and other buyers hold a AAA-rated slice of a private credit fund that is already borrowing against its own portfolio through
August 10, 2026
Regal Healthcare Capital Partners Closes RHCP IV at $610M, Above Target
TL;DR: Regal Healthcare Capital Partners closed its fourth fund, RHCP IV, at $610M in total commitments on July 7, 2026, beating its $550M target by roughly 11%, according to Regal's press release
August 10, 2026
Ex-a16z Partner Bryan Kim Launches Mido Capital, Targets $100M Debut Consumer AI Fund
TL;DR: Bryan Kim, who spent more than five years on Andreessen Horowitz's consumer and AI-apps team, is raising roughly $100 million for a debut fund at his new firm, Mido Capital, according to a
August 10, 2026