Participating Preferred Stock Explained: How It Affects Your Angel Returns at Exit
Participating preferred stock lets investors collect their liquidation preference AND a pro-rata share of remaining exit proceeds. Non-participating preferred forces a choice: take the preference or
August 2, 2026
Highland Europe's Fund VI: What Three $3B+ Exits Tell You About Backing Growth VC
TL;DR: Highland Europe closed its sixth fund at €1.1 billion on July 30, 2026, backed by exits that generated more than €1 billion in LP distributions in a single calendar year, including Nexthink's $
August 1, 2026
SEC's New Activist SPV Disclosure Rules: What Every Proxy Fight Investor Needs to Know
TL;DR: On July 9, 2026, SEC Staff released three new Corporation Finance Interpretations requiring investors in activist special-purpose vehicles to be named in Schedule 13D and proxy filings. If you
August 1, 2026
How to Evaluate a VC Fund's Track Record Before Writing a Check
TL;DR: Top-quartile VC funds returned 3.3x-4.2x TVPI across 2014-2018 vintages, but many GPs bury the real numbers inside gross figures that never land in your bank account. Learn the five metrics tha
August 1, 2026
Pantheon Closes $3.2B PGCO VI: What This Record Co-Investment Close Means for LPs
TL;DR: Pantheon closed PGCO VI at $3.2 billion on July 30, 2026, making it the firm's largest co-investment program in its 17-year history and one of the biggest standalone co-investment vehicles in p
August 1, 2026
SEC's Blue-Sky Reform: How Eliminating 53-State Review Could Unlock REITs and BDCs
TL;DR: A coalition of 17 industry organizations filed comments on July 28, 2026 urging the SEC to preempt state blue-sky registration requirements for SEC-registered nontraded REIT and BDC offerings.
August 1, 2026
Dimension Capital's $800M Fund III: The AI-Biotech Bet Attracting Serious LP Capital
TL;DR: Dimension Capital closed an $800 million Fund III on July 23, 2026, 60% larger than its prior $500 million fund raised just 18 months earlier. The firm's $30 million seed check in Chai Discover
August 1, 2026
Wind Point Partners Fund XI Closes at $3.2B: Inside the Mid-Market Buyout Playbook
TL;DR: Wind Point Partners closed Fund XI at $3.2 billion — the largest fund in the Chicago firm's 42-year history — oversubscribed, with capital from 65+ institutions across 17 countries. The fund ta
August 1, 2026
GTCR's $1.25B Capital Solutions Fund: Why Minority Structured Equity Is Having a Moment
TL;DR: GTCR, a Chicago-based private equity firm managing $45 billion in equity capital, closed its inaugural Capital Solutions Fund at $1.25 billion, targeting minority structured equity and debt pos
August 1, 2026
Collateralized Fund Obligations: How Wall Street Is Securitizing Private Markets
TL;DR: A Collateralized Fund Obligation (CFO) is a securitization backed by a pool of private fund LP stakes, not individual loans. Churchill Asset Management and Seviora closed a $400 million CFO in
August 1, 2026
Index Ventures Raises $2B Across Three Funds After $3.8B Wiz Payday
TL;DR: Index Ventures raised $2 billion across three new funds in August 2026 (a $400 million seed vehicle, a $900 million venture fund, and a $700 million add-on to its 2024 growth fund), bringing to
August 1, 2026
Your CRM Is Not Broken. Your Capital Raise Is.
According to Goldman Sachs's 2025 Family Office Investment Insights, family offices allocate an average of 21% of portfolios to private equity and 39% plan to increase that allocation — meaning the ca
July 31, 2026