Advisory Shares: What They Are and How to Negotiate Them
TL;DR: Advisory shares are equity grants to outside advisors, typically awarded as NSOs or RSAs. Standard advisors receive 0.25% at idea stage, dropping to 0.15% by growth stage. You vest over two yea
June 7, 2026
Hologic's $18.3B Take-Private: A PE Deal Masterclass
Blackstone and TPG just closed an $18.3 billion take-private of Hologic on April 7, 2026. The price was $76 per share in cash plus a contingent value right (CVR) worth up to $3 per share. That's a 46
June 7, 2026
ROFR Explained: How Right of First Refusal Affects Your Exit
**TL;DR: Right of First Refusal (ROFR) gives your company and other investors the right to match any third-party offer on your shares before you can sell them. This restriction can delay your secondar
June 7, 2026
L Catterton: Inside the LVMH-Backed Consumer PE Giant
TL;DR: L Catterton manages $30.9 billion in SEC-regulated assets and stands as the world's largest consumer-focused private equity firm. LVMH and Groupe Arnault own 40% of the partnership. The remaini
June 7, 2026
Form ADV: How to Read It Before You Hire Any Financial Adviser
FORM ADV: HOW TO READ IT BEFORE YOU HIRE ANY FINANCIAL ADVISER TL;DR Form ADV is the mandatory SEC disclosure document that every registered investment adviser must file. You need to read it before yo
June 7, 2026
NewLimit's $435M Series C: Inside the Longevity Biotech Bet
**TL;DR:** NewLimit raised $435 million in Series C funding on June 2, 2026, at a $3.1 billion valuation. Founders Fund led the round. Brian Armstrong (Coinbase CEO) co-founded the company in 2021 and
June 7, 2026
The SEC Petition to Raise Reg CF to $20M: What It Means for Angel Investors and Crowdfunding
In January 2026, Sherwood Neiss, the co-author of the original JOBS Act Title III crowdfunding framework, filed a formal petition with the SEC asking the Commission to raise the Regulation...
June 6, 2026
The Liquidity Illusion in Evergreen PE Funds: What Accredited Investors Aren't Being Told
When Partners Group gated its $8.6 billion evergreen private equity fund on June 3, 2026, after redemption requests reached 9.8% of NAV versus a 5% contractual cap, investors who thought they had...
June 6, 2026
Bridge Logistics Closes $1.4B Industrial Fund: Why Institutional Money Is Still Betting on Warehouses
Bridge Logistics Properties, an industrial real estate manager operating under the Apollo Global Management umbrella after Apollo's $1.5 billion all-stock acquisition of Bridge Investment Group in...
June 6, 2026
Mach Industries Raises $300M at $1.8B Valuation: What Defense Tech's Hottest Startup Means for Investors
Mach Industries, a three-year-old defense manufacturer founded by 22-year-old MIT dropout Ethan Thornton, closed a $300 million Series C on June 2, 2026, valuing the company at $1.8 billion, a 4x...
June 6, 2026
Crescent Capital Closes $10.8B Direct Lending Fund: What the Record Raise Signals for Private Credit
Crescent Capital Group closed its fourth U.S. direct lending fund on June 3, 2026, raising $10.8 billion in total investable capital, more than double the $4.2 billion predecessor fund closed in...
June 6, 2026
Partners Group Just Gated Its $8.6B Evergreen PE Fund: What Accredited Investors Need to Know Now
Partners Group gated its $8.6 billion Partners Group Global Value SICAV on June 3, 2026, after quarterly redemption requests reached 9.8% of net asset value, nearly double the fund's 5% contractual...
June 6, 2026