In This Guide

    Articles in This Guide

    1
    A long, dim data-centre aisle of unmarked server racks in cool blue light, with two distant technicians walking toward windows that look out on the lights of Helsinki's harbour.
    Angel Investing

    Comparables.ai Raises $6M Seed for M&A Intelligence

    TL;DR: Here is what happened. Comparables.ai raised $6 million in seed funding to expand across multiple markets and further develop its core AI engine, and Tech.eu reported that Pragmatech and Araya…

    Jeff Barnes, MBA··5 min read
    2
    Close-up of a small business owner's hands arranging loan documents and financial paperwork on a wooden surface, lit by warm gold light against a dark background.
    Venture Capital

    Mona Raises $3.5M for AI Small-Business Lending Platform

    TL;DR: Mona, the AI powered small business financing platform founded by Andrew Leon Hanna and Anny Dow, closed a $3.5 million round this week, and the round was oversubscribed, according to citybiz …

    Jeff Barnes, MBA··4 min read
    3
    Close-up of hands engaged in reviewing legal documents or strategic planning materials at a desk
    Private Equity

    Massumi + Consoli's PE Deal: Why Partners Took Pay Cuts

    TL;DR: Some partners at boutique law firm Massumi + Consoli took a one time cut to their equity distributions to help fund a private equity investment from Trive Capital into the firm's back office a…

    Jeff Barnes, MBA··6 min read
    4
    An insurance operations setting with people working through policy and client workflows in a modern, dimly lit environment, suggesting automation of manual tasks.
    Venture Capital

    Outmarket AI Raises $34.5M Series B

    TL;DR: Outmarket AI raised $34.5 million in Series B funding led by SignalFire, bringing total funding to $56.5 million, according to citybiz . For accredited investors, the round signals investor ap…

    Jeff Barnes, MBA··5 min read
    5
    Non-identifiable investment professionals working in a modern office environment focused on residential credit portfolio management, rendered with geometric precision and cool ambient lighting.
    Alternative Investments

    New York Life Takes Majority Stake in Invictus

    TL;DR: New York Life Investment Management agreed to acquire a majority stake — 60% at an initial closing, with the remaining 40% deferred to 2031 — in Invictus Capital Partners, a $20 billion U.S. r…

    Jeff Barnes, MBA··6 min read
    6
    An automated supply chain facility with autonomous systems managing inventory and purchasing operations in real time, rendered with luminous futuristic aesthetics.
    Startups

    Atomic Raises $12.5M Series A for AI Supply Chain

    TL;DR: I think Atomic's $12.5 million Series A — led by Klass Capital and Madrona, per citybiz — is worth ten minutes of your time even though you can't write this check. Atomic's founders left Tesla…

    Jeff Barnes, MBA··7 min read
    7
    Construction site with blueprints and steel framing, lit in navy and gold tones, showing the physical basis of AI-driven construction estimating
    Startups

    Quotr Raises $4M Seed Round for AI Construction Estimating

    TL;DR: Quotr, an AI native construction estimating platform, raised $4 million in a seed round led by Llama Ventures with participation from strategic angel investors, according to FinSMEs. The compa…

    Jeff Barnes, MBA··6 min read
    8
    Construction workers on an active jobsite viewed from behind, coordinated and organized, with subtle futuristic blue-white lighting suggesting AI workforce management systems at work.
    Venture Capital

    Miter Raises $40M Series B Led by Battery Ventures

    TL;DR: Miter, a San Francisco AI workforce management platform for construction, closed a $40 million Series B led by Battery Ventures, bringing total funding to $78 million, according to citybiz . B…

    Jeff Barnes, MBA··6 min read
    9
    Interior of a stock exchange trading floor during active market hours, with multiple trading stations, people at work, and the architectural volume of the space lit in navy and gold tones.
    Market Analysis

    Fitch Warns AI Spending Collapse Could Trigger Recession

    TL;DR: Fitch Ratings modeled a scenario in which a 35% US equity decline and a sharp AI capex pullback push US GDP down 0.6% in 2027 and drag global growth below 1%, according to Firstpost's report o…

    Jeff Barnes, MBA··6 min read
    10
    Close-up of an oil pump jack or energy infrastructure component, lit with gold highlights against dark navy tones, emphasizing the mechanical details that drive global energy prices and inflation.
    Market Analysis

    Fed, ECB, BOJ Raise Rates as Energy Shock Hits

    TL;DR: The Fed, ECB, and Bank of Japan all raised rates in September 2026, reversing 2025's easing cycle, after a fresh energy shock pushed inflation back above target, according to LSEG. US energy p…

    Jeff Barnes, MBA··6 min read
    11
    Healthcare workers process patient intake and scheduling in a busy clinic workspace, photographed from behind in natural light.
    Venture Capital

    EliseAI Raises $350M at $4B, Doubling in a Year

    TL;DR: EliseAI, a New York based AI company automating housing and healthcare operations, raised $350 million at a $4 billion valuation on September 29, 2026, led by Andreessen Horowitz and Bessemer …

    Jeff Barnes, MBA··5 min read
    12
    The LP Side Letter Playbook for $250K Investors
    Capital Raising

    The LP Side Letter Playbook for $250K Investors

    Most accredited investors assume side letters are reserved for pension funds writing $50 million checks. That assumption costs you real rights. ILPA Principles 3.0, published in June 2019, explicitly

    Jeff Barnes, MBA··11 min read
    13
    Hines Rialto Closes 1.1B Office Credit Fund
    Alternative Investments

    Hines Rialto Closes 1.1B Office Credit Fund

    Hines and Rialto Capital closed their co-general partnership fund, Hines Rialto Credit Partners, at $1.1 billion in investor commitments on September 15, 2026, attracting 126 investors at a $100,000 m

    Jeff Barnes, MBA··11 min read
    14
    Realty Income and KKR: The Capped IRR Equity Play
    Real Estate

    Realty Income and KKR: The Capped IRR Equity Play

    On September 14, 2026, Realty Income Corporation (NYSE: O) and KKR (NYSE: KKR) announced a new euro-denominated joint venture in which KKR-advised accounts will invest €528 million (approximately $609

    Jeff Barnes, MBA··11 min read
    15
    What Is First-Loss Capital? Junior Tranches Explained
    Alternative Investments

    What Is First-Loss Capital? Junior Tranches Explained

    First-loss capital is the layer of a structured deal that absorbs every dollar of loss before senior investors take any hit. In a standard collateralized loan obligation (CLO), that layer is the unrat

    Jeff Barnes, MBA··13 min read
    16
    EquityZen vs. Hiive: Pre-IPO Secondary Markets in 2026
    Venture Capital

    EquityZen vs. Hiive: Pre-IPO Secondary Markets in 2026

    The pre-IPO secondary market hit a consolidation turning point in early 2026: Morgan Stanley closed its acquisition of EquityZen on January 27, 2026 and immediately cut buyer-side fees from 5% to 2.5%

    Jeff Barnes, MBA··13 min read
    17
    Radical Ventures Launches Record AI Fund in Canada
    Venture Capital

    Radical Ventures Launches Record AI Fund in Canada

    Toronto-based Radical Ventures completed a first close of more than $1 billion USD ($1.4 billion CAD) for its new Radical Breakouts Fund on September 15, 2026, making it the largest venture capital fu

    Jeff Barnes, MBA··11 min read
    18
    Goldman Sachs Closes West Street Capital Partners IX at $9.6 Billion
    Private Equity

    Goldman Sachs Closes West Street Capital Partners IX at $9.6 Billion

    Goldman Sachs' alternatives private equity unit closed West Street Capital Partners IX (WSCP IX) at $9.6 billion on September 15, 2026. Combined with West Street Asia Equity Partners I and related co-

    Jeff Barnes, MBA··10 min read
    19
    AlumniVentures Review 2026
    Venture Capital

    AlumniVentures Review 2026

    AlumniVentures ranks as the number-one most active venture capital firm in the United States by deal count, according to PitchBook rankings published annually from 2018 through 2024. The firm lets acc

    Jeff Barnes, MBA··12 min read
    20
    What Is an Annex Fund in Private Equity?
    Private Equity

    What Is an Annex Fund in Private Equity?

    An annex fund is a supplemental vehicle a private equity general partner (GP) raises after closing the main fund's investment period. It injects follow-on capital into companies already in that existi

    Jeff Barnes, MBA··11 min read
    21
    The $677 Billion Stash: How AI Deployment Is Masking a Non-AI Funding Drought
    Venture Capital

    The $677 Billion Stash: How AI Deployment Is Masking a Non-AI Funding Drought

    Global venture capital held approximately $677 billion in dry powder , committed but undeployed capital sitting inside VC funds, as of early 2025, according to PitchBook's 2024 Annual Global Private

    Jeff Barnes, MBA··11 min read
    22
    What Is a Key Man Clause in Private Equity and Venture Capital?
    Private Equity

    What Is a Key Man Clause in Private Equity and Venture Capital?

    A key man clause, also called a key person provision, is the section of a private fund's limited partnership agreement (LPA) that names the specific individuals whose continued, active involvement is

    Jeff Barnes, MBA··13 min read
    23
    Veep Capital Review: A New Reg A+ Platform With an Unusual Safeguard
    Capital Raising

    Veep Capital Review: A New Reg A+ Platform With an Unusual Safeguard

    Apex DeFi Labs Inc. announced on September 4, 2026, that it had opened Regulation A+ Tier 2 offering capability on Veep Capital, its private-markets issuance marketplace built on a platform the compan

    Jeff Barnes, MBA··11 min read
    24
    Volition Capital Closes $950M Fund VI, Its Largest Ever
    Venture Capital

    Volition Capital Closes $950M Fund VI, Its Largest Ever

    Volition Capital closed its sixth flagship fund at a hard cap of $950 million on September 11, 2026, bringing the Boston-based growth equity firm's total assets under management to over $2.6 billion,

    Jeff Barnes, MBA··10 min read
    25
    SEC's New Crypto Offering Rule Lets Startups Skip Financial Statements Entirely
    Crypto & Digital Assets

    SEC's New Crypto Offering Rule Lets Startups Skip Financial Statements Entirely

    A crypto startup can raise $5 million from any member of the public, run general advertising, require no financial statements, and place no cap on what a single non-accredited investor puts in — while

    Jeff Barnes, MBA··11 min read
    26
    ARCHIMED Closes $1.75B Healthcare Fund in Under 6 Months, 3x Oversubscribed
    Private Equity

    ARCHIMED Closes $1.75B Healthcare Fund in Under 6 Months, 3x Oversubscribed

    On September 9, 2026, ARCHIMED, a private equity firm that invests exclusively in healthcare, announced the final closing of its MED IV fund at a €1.5 billion ($1.75 billion) hard cap , three times ov

    Jeff Barnes, MBA··11 min read
    27
    EquityZen Review 2026: Now a Morgan Stanley Subsidiary
    Venture Capital

    EquityZen Review 2026: Now a Morgan Stanley Subsidiary

    EquityZen, acquired by Morgan Stanley in 2026, cut pre-IPO transaction fees to 2.5 percent for buyers and sellers, with a 5,000 dollar minimum.

    Jeff Barnes, MBA··11 min read
    28
    HarbourVest Raises $2.4 Billion for Private Credit Secondaries
    Alternative Investments

    HarbourVest Raises $2.4 Billion for Private Credit Secondaries

    HarbourVest Partners raised $2.4 billion across two private credit secondary vehicles, marking an institutional bet on this fast-growing strategy.

    Jeff Barnes, MBA··11 min read
    29
    Hercules Capital Closes $2.3 Billion Across Two Private Credit Vehicles
    Alternative Investments

    Hercules Capital Closes $2.3 Billion Across Two Private Credit Vehicles

    Hercules Adviser closed two private credit vehicles in September 2026, raising $2.3 billion. The Evergreen Fund offers perpetual LP access while Growth Lending IV follows a closed-end model.

    Jeff Barnes, MBA··10 min read
    30
    Arini Capital Nears $4 Billion Final Close on Debut European Direct Lending Fund
    Alternative Investments

    Arini Capital Nears $4 Billion Final Close on Debut European Direct Lending Fund

    Arini Capital Management nears a $4 billion final close on its debut European direct lending fund, anchored by BCI at $200 million with a 12 to 14 percent net IRR target and a Lazard sourcing partnership.

    Jeff Barnes, MBA··10 min read