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...
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 —...
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...
Elephant Energy Review 2026: The Private-Backed Home Electrification Company Investors Should Know
Elephant Energy Review 2026: Private-Backed Clean Energy { "@context": "https://schema.org", "@type": "Article", "headline": "Elephant Energy Review 2026: The Private-Backed Home Electrification Compa
The Fed Held Rates Again. Here's What That Means for Your Private Credit Allocation in H2 2026
Fed Rate Hold H2 2026: Private Credit Impact for Investors The Fed Held Rates Again. Here's What That Means for Your Private Credit Allocation in H2 2026 By Jeff Barnes, MBA | July 1, 2026 | Alternati
Timber REITs and Private Timberland: The Inflation Hedge Most Accredited Investors Overlook
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Oil and Gas Royalties for Accredited Investors: Passive Income, Depletion Deductions, and the Risks Nobody Talks About
Oil & Gas Royalties 2026: Accredited Investor Guide Oil and Gas Royalties for Accredited Investors: Passive Income, Depletion Deductions, and the Risks Nobody Talks About By Jeff Barnes, MBA TL;DR
Litigation Finance: The Uncorrelated Alternative Investment That Funds Lawsuits for Returns
Litigation Finance Investing 2026: Returns, Risks, Access Litigation Finance: The Uncorrelated Alternative Investment That Funds Lawsuits for Returns By Jeff Barnes, MBA | July 1, 2026 TL;DR The globa
First-Time LP Due Diligence Checklist: 12 Questions to Ask Before Wiring Capital to a Private Fund
First-Time LP Due Diligence Checklist 2026: 12 Questions First-Time LP Due Diligence Checklist: 12 Questions to Ask Before Wiring Capital to a Private Fund By Jeff Barnes, MBA TL;DR The ILPA Due Dilig
Special Situations Investing: How Accredited Investors Access Distressed Deals
Oaktree Capital generated 18-23% gross IRR over 30 years. Elliott Management delivered 14.1% compound annual returns with lower volatility than the S P 500. Roughly $900 billion in US high-yield debt
Mid-Year 2026 Alternative Investment Portfolio Review: The Full Checklist
With PE distributions at 6% of AUM (lowest recorded), VC returns concentrated in five mega-firms, and commercial real estate still correcting, the H1 2026 environment requires active assessment not pa
GP Stakes Investing: How Accredited Investors Access PE Manager Equity in 2026
Blue Owl Capital's Dyal unit manages $47.8B across 55+ GP stakes. Deal volume hit 164 transactions in 2025, up 40% year-over-year. Accredited investors can now access this strategy through feeder fund
Farmland Investing in 2026: What the NCREIF Returns Don't Tell Accredited Investors
TL;DR The NCREIF Farmland Index shows 10.29% annualized returns over 33 years, but that number rests on appraisal-based smoothing, excludes retail platform fees, and masks a 5-to-10-year liquidity tra
Business Development Companies (BDCs): The Publicly Traded Private Credit Vehicle Paying 8-12% Yields
Business Development Companies (BDCs): The Publicly Traded Private Credit Vehicle Paying 8-12% Yields Business Development Companies (BDCs): The Publicly Traded Private Credit Vehicle Paying 8-12% Yie
How to Evaluate a Private Credit Fund: 12-Step Due Diligence Checklist for Accredited Investors
Private Credit Fund Due Diligence: 12-Step Check How to Evaluate a Private Credit Fund: 12-Step Due Diligence Checklist for Accredited Investors TL;DR: Private credit has delivered roughly 4% net-of-f
LP Agreement Red Flags: 8 Clauses That Can Cost You Everything as a Private Fund Investor
LP Agreement Red Flags: 8 Clauses That Cost Investors Most limited partners sign their LPA and never read it again, until something goes wrong. Eight specific clause types, documented in SEC enforceme
Leveraged Loans: The $1.55 Trillion Private Credit Instrument Most Accredited Investors Haven't Touched
TL;DR A leveraged loan is senior secured floating-rate debt issued to sub-investment-grade companies, typically used in leveraged buyouts and corporate acquisitions. The US leveraged loan market reach
Liquid Alternatives: How to Get Hedge Fund Strategies Without the Lock-Up or the $5M Minimum
UCITS liquid alternatives pulled in €26.4 billion in net inflows in 2025 , proving the market has already decided that daily-liquidity hedge fund replication is a legitimate asset class. The only ques
Influence Media Just Paid $650M for Anthem's Music Catalog. Here's How Music Royalties Work as an Alt Investment.
Influence Media Partners, backed by BlackRock and Warner Music Group, has agreed to pay $650M+ for Anthem Entertainment's music catalog , valuing the assets at 13–15x net publisher share and signaling
What Is a BDC? Business Development Companies Explained for Accredited Investors
Alternative Investments What Is a BDC? Business Development Companies Explained for Accredited Investors By Jeff Barnes, MBA | Angel Investors Network | June 24, 2026 TL;DR A Business Development C...