Market Analysis
The Emerging Manager Premium Is a Myth: What the Return Data Actually Shows
LPs have repeated the same pitch for a decade: back the hungry Fund I manager, because emerging managers outperform. The data does not back that up. Kaplan and Schoar's landmark study found that...
Jeff Barnes, MBA··10 min read
Venture Capital
Thrive Capital: Josh Kushner's $50B Bet on Conviction Over Diversification
Thrive Capital: Josh Kushner's $50B Bet on Conviction Over Diversification Fund VIII posted 126% IRR. That's not a typo. The OpenAI bet alone — $1.3 billion into a $157 billion round with exclusive follow-on rights —...
Jeff Barnes, MBA··9 min read