What Is an LP Advisory Board (LPAC) in a Private Equity Fund? Powers, Limits, and Why It Matters
TL;DR: An LP Advisory Board (LPAC) is a small committee of limited partner representatives that a private equity fund's general partner must consult — and sometimes get approval from — when conflicts
August 22, 2026
Stone Point and Genstar Are Buying Ascensus. This Is PE's Fourth Pass at the Same Company.
TL;DR: Stone Point Capital and Genstar Capital announced on August 18, 2026, that they are acquiring equal stakes in Ascensus, a recordkeeper that administers more than $1.3 trillion in retirement ass
August 22, 2026
Advent International's $1 Billion Bet on NZCR: Why Private Equity Is Targeting Clinical Research Organizations
TL;DR: On August 20, 2026, Advent International announced a majority-stake acquisition of New Zealand Clinical Research Group (NZCR) in a deal valued at approximately NZD $1 billion. Existing sharehol
August 22, 2026
How to Spot a Pre-IPO Share Markup Scheme Before You Wire Money
TL;DR: The SEC's August 2026 complaint against Andrew Spaventa and his three entities (The Spaventa Group LLC, TSG Capital Advisors LLC, and TSG Alpha Partners LLC) describes a $74 million boiler-room
August 22, 2026
How LPs Actually Use the ILPA DDQ 2.0 to Vet a First-Time Fund Manager
The ILPA Due Diligence Questionnaire 2.0 is the standardized 20-section form the Institutional Limited Partners Association publishes so LPs can evaluate a fund manager on the same terms every time,...
August 21, 2026
The GP Catch-Up Clause: How It Works and Why It Is So Heavily Negotiated
The GP catch-up clause is the provision in a private equity fund's limited partnership agreement that lets the general partner take a disproportionate share of profits, sometimes 100% of them, right...
August 21, 2026
Kembangan Capital Partners' Reported $725 Million Raise: What It Signals for Asia-Focused LPs
Singapore-based Kembangan Capital Partners has reportedly raised US$725 million in a first close for private equity and venture capital bets across Asia, anchored by an unnamed sovereign wealth fund,...
August 21, 2026
The PE Secondaries Market Just Hit $240 Billion: What the Data Actually Shows
The global private equity secondary market hit $240 billion in transaction volume in 2025, up 48 percent year over year and the largest total ever recorded, according to the Jefferies 2025 Global...
August 21, 2026
Hiive Review 2026: What This Pre-IPO Marketplace Actually Costs
Hiive is a FINRA-registered broker-dealer that runs a live order book for buying and selling shares in pre-IPO companies like SpaceX, Anthropic, and OpenAI. My verdict after digging through its Form...
August 21, 2026
QuantumLight's $500M Bet: Can an Algorithm Out-Pick Human VCs?
Nik Storonsky, the Revolut founder, has closed a $500 million second fund for QuantumLight, the venture firm where a proprietary AI model named Aleph, not a room of partners, decides where the money...
August 21, 2026
Homeshares Review 2026: What Home Equity Investing Actually Means for Accredited Investors
Homeshares is the accredited-investor platform run by Nada, a Dallas fintech, that pools capital into a Delaware limited partnership called U.S. Home Equity Fund I , which buys home equity agreements...
August 21, 2026
Siguler Guff Raises $500 Million for India Mid-Market Private Equity: What Accredited Investors Should Know
Siguler Guff & Company closed its Global Emerging Markets Growth Opportunities Fund II on August 19, 2026, at $500 million in combined capital commitments, more than double the $238 million its...
August 21, 2026