SEC Charges Spaventa and TSG Entities Over $74 Million Pre-IPO Markup Scheme: What Investors Should Learn
The SEC charged Andrew Spaventa and three companies he controlled, The Spaventa Group LLC, TSG Capital Advisors LLC, and TSG Alpha Partners LLC, with fraud on August 14, 2026, alleging a scheme that...
August 21, 2026
The No-Fault Divorce Clause: How LPs Remove a GP Without Proving Cause
A no-fault divorce clause, also called a no-fault removal provision, is the section of a private equity or venture capital limited partnership agreement that lets a supermajority of limited partners...
August 21, 2026
The “We Have Great Deal Flow” Line Is Losing Power Fast
The “We Have Great Deal Flow” Line Is Losing Power Fast. Everybody says they have great deal flow now. That is exactly why the line has stopped working. For a while, “great deal flow” sounded like an...
August 20, 2026
Co-Invest Rights Changed the Math. Your Allocation Story Has to Catch Up
Co-Invest Rights Changed the Math. Your Allocation Story Has to Catch Up. Co-invest rights used to feel like a nice bonus you offered the right LP at the right moment. Not anymore. For a growing...
August 20, 2026
Your Investment Memo Is the Best Marketing Asset You’re Not Using
Your Investment Memo Is the Best Marketing Asset You’re Not Using. Most private-market content is weak for one simple reason. It is built to sound smart instead of proving judgment. That is why so...
August 20, 2026
How to Turn a Long Fundraising Cycle Into a Trust-Building Advantage
How to Turn a Long Fundraising Cycle Into a Trust-Building Advantage A long fundraising cycle feels like friction when you are living inside it. Weeks stretch. Diligence slows down. Follow-ups...
August 20, 2026
Stop Selling Access. Start Selling Judgment.
Stop Selling Access. Start Selling Judgment. Most emerging managers still make the same mistake when they pitch sophisticated LPs. They sell access. They lead with the network, the rooms they can get
August 20, 2026
Every Raise Has a Hidden Bottleneck. Find It Before Investors Do.
Every Raise Has a Hidden Bottleneck. Find It Before Investors Do. In my experience, most managers think a slow raise means the market got tougher. Sometimes that is true. Often, the deeper issue is th
August 20, 2026
The Quiet Tax on Weak Service Providers in a Fund Raise.
The Quiet Tax on Weak Service Providers in a Fund Raise Most emerging managers think credibility lives in the pitch, the deck, or the track record slide. It doesn’t. Credibility also lives in the peop
August 20, 2026
The Denominator Effect Is Real. But It’s Not Your Best Excuse.
The Denominator Effect Is Real. But It’s Not Your Best Excuse. If you're a GP trying to raise in this market, let's start with reality: LP allocation pressure is real. The denominator effect is real.
August 20, 2026
Why “Differentiated Sourcing” Is Not Enough
Why “Differentiated Sourcing” Is Not Enough In my experience, every emerging manager says they have differentiated sourcing. At this point, that phrase often means almost nothing. I've found LPs care
August 20, 2026
Why Emerging Managers Keep Leading With Decks Instead of Proof.
Why Emerging Managers Keep Leading With Decks Instead of Proof. Most emerging managers think the pitch deck is the raise. It is not. The deck is a packaging tool. A summary. A conversation guide. It i
August 20, 2026