Carta Review 2026: What Happened After Carta Killed Its Own Secondary Market
Carta manages equity ownership records for approximately 40,000 startups and reported roughly $370 million in combined annual revenue as of early 2024, split across cap table software ($250 million),
September 7, 2026
How to Read a BDC's NAV Markdown Before You Panic: A Checklist
In January 2026, BlackRock TCP Capital Corp. (TCPC) filed an off-cycle disclosure warning that its net asset value per share would fall approximately 19% in a single quarter, from $8.71 to between $7.
September 7, 2026
Middle-Market Private Equity Fundraising Hits a Six-Year Low: What the Data Means for LPs
US middle-market private equity fundraising collapsed to $94.8 billion in 2025, a 43.3% single-year decline and the lowest total since 2020, while the number of funds that reached a final close droppe
September 7, 2026
PeerRealty Review 2026: What Happened to This Real Estate Crowdfunding Platform?
TL;DR: PeerRealty, a Chicago-based real estate crowdfunding platform that launched in 2014 and accepted accredited investors into Regulation D equity deals, stopped posting new investment opportunitie
September 6, 2026
CVC Capital Partners Raises $10 Billion for Its Largest-Ever Secondaries Fund
CVC Capital Partners closed its largest-ever secondaries fund on September 3, 2026, raising $10 billion for Secondary Opportunities Fund VI (SOF VI) — nearly doubling the $5.8 billion its predecessor
September 6, 2026
The $121 Billion Record: What Two Competing Data Sets Reveal About Private Equity Secondaries in 2026
TL;DR: The private equity secondaries market logged $121 billion in transaction volume during the first half of 2026 , the highest H1 on record, according to Evercore's H1 2026 Secondary Market Review
September 6, 2026
Tyree and D'Angelo Partners Closes Fund IV at $650 Million: What a 10-Week Raise Tells LP Investors
Tyree & D'Angelo Partners closed TDP Fund IV LP at its $650 million hard cap on August 31, 2026, significantly oversubscribed and fully allocated after less than ten weeks in market, at a time whe
September 6, 2026
Saudi Arabia's HUMAIN Plans a $10 Billion AI Venture Fund. Here Is What It Means for You.
TL;DR: Saudi Arabia's HUMAIN, a wholly owned subsidiary of the $1.1 trillion Public Investment Fund (PIF), told Semafor on September 3 that its planned $10 billion global AI venture fund could launch
September 6, 2026
The Adverse Selection Problem Hidden in Retail Private Markets
TL;DR: Private markets are opening to retail investors at record speed, and my read is that the products reaching retail shelves first are disproportionately the ones institutional LPs have already pr
September 6, 2026
How an LP Should Read a Continuation Vehicle Fairness Opinion Before Deciding to Roll or Sell
TL;DR: Continuation vehicles generated $65 billion of GP-led secondary volume in the first half of 2026, up 35% year over year, according to Evercore's H1 2026 Secondary Market Review — and every one
September 6, 2026
Carbon Removal Investing: What Accredited Investors Need to Know
TL;DR: Frontier, the advance market commitment backed by Stripe, Alphabet, Shopify, Meta, and McKinsey, has pledged to buy $1.8 billion worth of permanent carbon removal by 2040 , and corporate offtak
September 6, 2026
Sports Team Ownership Funds: A Plain-English Guide to the Alternative Asset Class
TL;DR: Professional sports team ownership has become a recognized alternative asset class as every major U.S. league now permits institutional capital: the NFL became the last holdout when NFL owners
September 6, 2026