Angel Investors Network
    Complete Guide

    Market Intelligence

    Real-time market intelligence covering deal flow data, M&A trends, SEC filings, fund performance metrics, and macroeconomic analysis for accredited investors and fund managers making allocation decisions.

    Topic: investment market trends

    30 articles in this guide

    In This Guide

    Articles in This Guide

    1
    Market Analysis investment insights — Alternative Investment Market Intelligence: How to Stay Ahead of the Market in 2026
    Market Analysis

    Alternative Investment Market Intelligence: How to Stay Ahead of the Market in 2026

    Build your market intelligence system for alternative investments. SEC filings, deal tracking, sector analysis, and frameworks for filtering signal from noise.

    AIN Editorial Team··57 min read
    2
    TVPI: The PE Metric That Flatters Every Fund Manager (And How to See Through It)
    Alternative Investments

    TVPI: The PE Metric That Flatters Every Fund Manager (And How to See Through It)

    TVPI: The PE Metric That Flatters Every Fund Manager (And How to See Through It) Vista Equity Partners Fund VII is sitting at an estimated 1.3x–1.7x TVPI as of 2024. Sounds like progress. But the fund's DPI — the cash...

    Jeff Barnes, MBA··12 min read
    3
    Capital Calls: What Happens When Your Fund Manager Wants More Money (And You Don't Have It)
    Alternative Investments

    Capital Calls: What Happens When Your Fund Manager Wants More Money (And You Don't Have It)

    Capital Calls: What Happens When Your Fund Manager Wants More Money (And You Don't Have It) In 2022, 67% of large LPs cut new private equity commitments because they couldn't meet existing capital calls. Pension funds —...

    Jeff Barnes, MBA··9 min read
    4
    Right of First Refusal: The Clause That Can Lock You In or Kill Your Deal
    Venture Capital

    Right of First Refusal: The Clause That Can Lock You In or Kill Your Deal

    Right of First Refusal: The Clause That Can Lock You In or Kill Your Deal A $250M acquisition died because a seed-stage investor exercised their ROFR. The buyer walked. The seller waited 30 days for a match that was...

    Jeff Barnes, MBA··9 min read
    5
    Fund of Funds: You're Paying 2-and-20 Twice (Here's When It's Still Worth It)
    Alternative Investments

    Fund of Funds: You're Paying 2-and-20 Twice (Here's When It's Still Worth It)

    Fund of Funds: You're Paying 2-and-20 Twice (Here's When It's Still Worth It) Put $1 million into a fund of funds and watch a 3.0x gross multiple shrink to 2.3x net over ten years. That's roughly $700,000 in fee drag on...

    Jeff Barnes, MBA··8 min read
    6
    The $138 Million Warning: How One Adviser Sold Clients Funds He Secretly Controlled
    Regulatory & Compliance

    The $138 Million Warning: How One Adviser Sold Clients Funds He Secretly Controlled

    TL;DR: Vincent Camarda ran A.G. Morgan Financial Advisors and also owned the five private funds he sold to his own advisory clients. The SEC says he raised at least $138 million from 431 investors, pu

    Jeff Barnes, MBA··9 min read
    7
    Cove Capital Investments Review: Debt-Free DST Model, Unverified Track Record
    Real Estate

    Cove Capital Investments Review: Debt-Free DST Model, Unverified Track Record

    TL;DR: Cove Capital Investments is a Torrance, California DST sponsor founded in 2012 by Dwight Kay and Chay Lapin, built around an all-cash, debt-free acquisition model that removes lender foreclosur

    Jeff Barnes, MBA··10 min read
    8
    SambaNova's $1B Series F Hit an $11B Valuation. Here's How You Actually Get Exposure.
    Venture Capital

    SambaNova's $1B Series F Hit an $11B Valuation. Here's How You Actually Get Exposure.

    SambaNova Systems closed the first tranche of a $1 billion Series F on July 8, 2026, at an $11 billion post-money valuation, led by General Atlantic with T. Rowe Price, Capital Group, BlackRock-m

    Jeff Barnes, MBA··9 min read
    9
    Titan Invest Review 2026: Fees, ARK Venture Fund Access, and the SEC Settlement You Need to Know
    Capital Raising

    Titan Invest Review 2026: Fees, ARK Venture Fund Access, and the SEC Settlement You Need to Know

    Titan Global Capital Management USA LLC, the registered investment adviser behind the Titan Invest app, pitches itself as hedge-fund-style active management for people who don't have hedge-fund m

    Jeff Barnes, MBA··10 min read
    10
    Blue Origin's $10B Round Is Closed to You — Here's the Real Access Gap for Accredited Investors
    Regulatory & Compliance

    Blue Origin's $10B Round Is Closed to You — Here's the Real Access Gap for Accredited Investors

    Blue Origin is closing its first-ever outside funding round: $10 billion at a $130 billion pre-money valuation, according to reporting from Ars Technica on the deal . Coatue Management is leading

    Jeff Barnes, MBA··9 min read
    11
    Revenue-Based Financing for Accredited Investors: How RBF Deals Actually Work in 2026
    Alternative Investments

    Revenue-Based Financing for Accredited Investors: How RBF Deals Actually Work in 2026

    A SaaS company with $2M in ARR takes a $600,000 advance from Lighter Capital. The repayment cap sits at 1.5x principal, so the company owes $900,000 total. Monthly royalty payments run 6% of reve

    Jeff Barnes, MBA··9 min read
    12
    Whisky Cask Investing: The Alternative Asset With a Fraud Problem
    Alternative Investments

    Whisky Cask Investing: The Alternative Asset With a Fraud Problem

    Alison Cocks has terminal cancer. She spent £103,000 buying whisky casks she thought would fund her family's future, money handed to Cask Whisky Ltd, a firm run by Craig Brooks, a man later expos

    Jeff Barnes, MBA··9 min read
    13
    Aircraft Leasing Funds for Accredited Investors: The Real Access Points in 2026
    Alternative Investments

    Aircraft Leasing Funds for Accredited Investors: The Real Access Points in 2026

    AE Industrial Partners Aerospace Leasing Fund II, LP filed an SEC Form D for a $300 million offering, and by the time the filing hit EDGAR the fund had already pulled in roughly $209 million of i

    Jeff Barnes, MBA··11 min read
    14
    Percent Review 2026: Is This Private Credit Marketplace Right for You?
    Capital Raising

    Percent Review 2026: Is This Private Credit Marketplace Right for You?

    Percent is a deal-by-deal private credit marketplace built for accredited investors who want to pick individual loans instead of buying into a fund. As of March 31, 2026, the platform has funded $1.95

    Jeff Barnes, MBA··11 min read
    15
    Arctos Keystone Partners Fund I Closes at $6.2 Billion: Inside KKR's GP-Financing Bet
    Private Equity

    Arctos Keystone Partners Fund I Closes at $6.2 Billion: Inside KKR's GP-Financing Bet

    Arctos closed its first Keystone fund at $6.2 billion. That is 55% above the $4 billion target the firm set out to raise, and it makes Keystone Fund I the largest first-time GP Solutions vehicle ever

    Jeff Barnes, MBA··10 min read
    16
    HarbourVest's $4.75B Co-Investment Close Signals a New High in LP Demand
    Private Equity

    HarbourVest's $4.75B Co-Investment Close Signals a New High in LP Demand

    HarbourVest Partners just closed its seventh direct co-investment program, HCF VII, at $4.75 billion. That's 19% above the fund's original $4 billion target. When a program this size clears its hard c

    Jeff Barnes, MBA··10 min read
    17
    Private Credit Hit $2.1 Trillion. The SEC Just Made It a Top 2026 Exam Priority.
    Alternative Investments

    Private Credit Hit $2.1 Trillion. The SEC Just Made It a Top 2026 Exam Priority.

    Private credit just crossed $2.1 trillion in global assets under management. Same quarter, the SEC put it on the top of the list of things examiners will scrutinize in 2026. I don't think that's a coi

    Jeff Barnes, MBA··11 min read
    18
    UBTI and UBIT: The Hidden Tax Trap in Self-Directed IRA Alternative Investments
    Regulatory & Compliance

    UBTI and UBIT: The Hidden Tax Trap in Self-Directed IRA Alternative Investments

    Here is the number that catches most self-directed IRA investors off guard. A trust hits the top 37% federal tax bracket at just $16,000 of income. Not $16 million. Sixteen thousand dollars....

    Jeff Barnes, MBA··10 min read
    19
    B Capital and CalPERS Just Bought Russell Investments. Here's Why That Matters More Than the Price Tag
    Market Analysis

    B Capital and CalPERS Just Bought Russell Investments. Here's Why That Matters More Than the Price Tag

    According to Axios , B Capital and CalPERS agreed on July 9 to buy Russell Investments from TA Associates and Reverence Capital Partners in a deal reportedly worth $2.8 billion. Russell manages...

    Jeff Barnes, MBA··10 min read
    20
    Activist Hedge Fund Investing: How Shareholder Activists Force Change and Unlock Value
    Market Analysis

    Activist Hedge Fund Investing: How Shareholder Activists Force Change and Unlock Value

    Elliott Management spent two months in private talks with Synopsys (NASDAQ: SNPS) before the chip-design software maker agreed, on May 26, 2026, to put Elliott partner Jesse Cohn on its board....

    Jeff Barnes, MBA··10 min read
    21
    Inside the $42 Billion Tax Credit Market Wall Street Investors Have Never Heard Of
    Alternative Investments

    Inside the $42 Billion Tax Credit Market Wall Street Investors Have Never Heard Of

    According to Crux Climate's 2025 Market Intelligence Report , the market for transferable federal clean energy tax credits grew to roughly $42 billion in 2025, up from about $4 billion in 2023,...

    Jeff Barnes, MBA··10 min read
    22
    Russell Investments' $416B Platform Sold to B Capital-CalPERS Consortium
    Private Equity

    Russell Investments' $416B Platform Sold to B Capital-CalPERS Consortium

    TL;DR: A consortium led by B Capital, a $12B Singapore-based venture capital firm, is acquiring Russell Investments, a 90-year-old asset manager with $416B in global AUM and $23B parked in...

    Jeff Barnes, MBA··10 min read
    23
    Carbon Credit Investing for Accredited Investors: Compliance Markets, KRBN, and the Quality Split Reshaping the VCM in 2026
    Alternative Investments

    Carbon Credit Investing for Accredited Investors: Compliance Markets, KRBN, and the Quality Split Reshaping the VCM in 2026

    TL;DR: Carbon credits split into two markets that behave nothing alike. Compliance credits (EU ETS, California Cap-and-Trade, RGGI) trade on regulated exchanges and you can buy exposure through an...

    Jeff Barnes, MBA··12 min read
    24
    Pharmaceutical Royalty Investing: How Royalty Pharma Makes This Alt Asset Public
    Alternative Investments

    Pharmaceutical Royalty Investing: How Royalty Pharma Makes This Alt Asset Public

    TL;DR: Royalty Pharma (NASDAQ: RPRX) is a $31.6-33.3 billion company that buys the right to a slice of future drug sales, and you can own it through any ordinary brokerage account for the price of...

    Jeff Barnes, MBA··12 min read
    25
    Fundrise Innovation Fund (VCX) Review: A 1,500% NAV Premium You Shouldn't Buy
    Venture Capital

    Fundrise Innovation Fund (VCX) Review: A 1,500% NAV Premium You Shouldn't Buy

    TL;DR: Fundrise Innovation Fund converted from a quarterly tender-offer fund into an NYSE-listed closed-end fund (ticker VCX) on March 19, 2026. Shares traded as high as roughly $315 against a net...

    Jeff Barnes, MBA··11 min read
    26
    Liquid Alternative Funds: Hedge Fund Strategies for Everyday Investors
    Market Analysis

    Liquid Alternative Funds: Hedge Fund Strategies for Everyday Investors

    TL;DR: Liquid alternative funds promise hedge fund strategies with the daily liquidity of a mutual fund. From June 2006 to June 2022, the average liquid alt fund trailed global stocks by 4.2 percentag

    Jeff Barnes, MBA··10 min read
    27
    CVC's $3.4B Catalyst III Close Reveals the K-Shaped Split in Private Equity
    Private Equity

    CVC's $3.4B Catalyst III Close Reveals the K-Shaped Split in Private Equity

    TL;DR: CVC Capital Partners just closed Catalyst III, its third European mid-market buyout fund, at roughly €3.0 billion ($3.4 billion), nearly double the €1.75 billion ($2.0 billion) target it set ou

    Jeff Barnes, MBA··9 min read
    28
    Royalty Exchange Review 2026: Buying Music Royalties as an Alternative Asset
    Alternative Investments

    Royalty Exchange Review 2026: Buying Music Royalties as an Alternative Asset

    TL;DR: Royalty Exchange has brokered more than $200 million across 2,000-plus royalty transactions since it opened its marketplace, drawing in over 30,000 registered investors who bid on income stream

    Jeff Barnes, MBA··9 min read
    29
    Non-Traded REIT Redemption Gates: What BREIT's 15-Month Freeze Teaches You
    Real Estate

    Non-Traded REIT Redemption Gates: What BREIT's 15-Month Freeze Teaches You

    TL;DR: Non-traded REITs advertise monthly redemption windows, but nearly all of them cap payouts at 2% of net asset value per month and 5% per quarter. When redemption requests exceed those caps, the

    Jeff Barnes, MBA··11 min read
    30
    Convertible Arbitrage, Decoded: How Hedge Funds Trade Mispriced Options
    Market Analysis

    Convertible Arbitrage, Decoded: How Hedge Funds Trade Mispriced Options

    TL;DR: Convertible arbitrage is a hedge fund strategy that buys a company's convertible bonds while short-selling its common stock to isolate and harvest a cheap embedded call option. The trade has co

    Jeff Barnes, MBA··11 min read

    Explore More Guides

    Angel Investing 101

    Complete guide for accredited investors

    How to Raise Capital

    For founders and fund managers

    Startup Funding Guide

    Pre-seed through Series D

    Find Angel Investors

    Networks, groups, and deal flow