TZP Group: Inside the Lower-Middle-Market PE Firm That Just Settled with the SEC
TL;DR TZP Group is a New York-based lower-middle-market PE firm with approximately $2.0 to $2.4 billion in AUM across buyout, growth equity, and SBIC debt strategies. In August 2025, the SEC...
May 30, 2026
Real Estate Syndication Investing: How the Structure Works and What to Look For
Real Estate Syndication Investing: How the Structure Works and What to Look For TL;DR Quality private syndications target 13–18% IRR , with 5–10% annual cash-on-cash and a 1.7x–2.5x equity...
May 30, 2026
Yieldstreet (Now Willow Wealth) Review 2026: $208M in Losses and a Rebrand
Yieldstreet (Now Willow Wealth) Review 2026: $208M in Losses and a Rebrand By Jeff Barnes, MBA | Angel Investors Network | Updated May 2026 TL;DR Yieldstreet rebranded to Willow Wealth on October...
May 30, 2026
TVPI Explained: What Every LP Needs to Know About This Fund Performance Metric
TL;DR: Cambridge Associates data shows 2018-vintage PE buyout median TVPI sits at 1.72x as of Q4 2024, while top-quartile funds for the same vintage reach 2.35x. TVPI is the fastest read on...
May 30, 2026
Regulation Crowdfunding in 2026: What the $5M Cap Really Means for Retail Investors
TL;DR 60% of all attempted Reg CF offerings raised zero dollars in proceeds. Total confirmed proceeds from 2016–2024: ~$1.3 billion across 8,492 offerings. The $5M annual cap is binding for almost...
May 30, 2026
Afore Capital: The Pre-Seed VC Firm Betting on Founders Before Anyone Else
TL;DR: Afore Capital closed a $185M Fund IV in February 2025, bringing total AUM to $500M across four funds. The San Francisco firm has backed 200+ companies that now carry a combined valuation...
May 30, 2026
Private Credit in 2026: $1.5 Trillion Market, FSB Systemic Risk Warning, and What Retail Investors Miss
TL;DR Private credit now sits at $1.5–$2 trillion in global AUM. Preqin projects $4.5 trillion by 2030. Senior secured direct lending yields 9–11% all-in today (SOFR ~3.7% plus 550–650 bps...
May 30, 2026
ROFR in Venture Capital: How Right of First Refusal Actually Works in Deals
TL;DR: In December 2021, SpaceX exercised its contractual Right of First Refusal on 81% of a fund stake, with Elon Musk personally acquiring those shares to block a Chinese investor from the cap...
May 30, 2026
Why Most Angel Investors Lose Money — and the Portfolio Pattern That Changes It
TL;DR: 70% of individual angel investments return less than the original capital. Most angels who fail are not bad pickers. They made 3-5 bets in an asset class that requires 22-24 investments...
May 30, 2026
What Is Wellfound? The Startup Job Platform Formerly Known as AngelList Talent
AngelList split itself in two. The talent side got a new name and a different future. In November 2022, one of the most well-known names in startup infrastructure quietly performed a corporate surgery that most people...
May 29, 2026
7 AngelList Alternatives That Actually Work in 2025: A Platform-by-Platform Breakdown
AngelList changed the game, then got complicated. What started in 2010 as a scrappy investor-founder matching board morphed into a layered ecosystem of syndicates, rolling funds, SPVs, and venture funds—each with...
May 29, 2026
Elephant Energy: The Home Electrification Startup Turning IRA Money Into a Scalable Business
The Inflation Reduction Act put more than $567 billion on the table for household electrification over the next decade , touching everything from heat pumps to EV chargers to induction stoves. That is not a rounding...
May 29, 2026