Carta Review 2026: What Happened After Carta Killed Its Own Secondary Market
Carta manages equity ownership records for approximately 40,000 startups and reported roughly $370 million in combined annual revenue as of early 2024, split across cap table software ($250 million),
Permira and CPP Investments Take Fund Administrator JTC Private for 2.7 Billion Pounds
Permira and CPP Investments took fund administrator JTC private for 2.7 billion pounds, consolidating the infrastructure behind private funds.
What a Fund Administrator Does, and Why LPs Now Require One
TL;DR: A hedge fund manager named Grant Grieve invented a fake back-office administrator called Global Hedge Fund Services and used it to certify returns that didn't exist. The SEC charged him with securities fraud...
If Your Service Providers Feel Generic, Your Fund Does Too
If Your Service Providers Feel Generic, Your Fund Does Too Most emerging managers think their fund will be judged on thesis, track record, and deck quality. That's only half true. The other half is...
What Is AngelList? The Platform That Democratized VC (And the Returns Problem Nobody Talks About)
What Is AngelList? The Platform That Democratized VC (And the Returns Problem Nobody Talks About) AngelList manages $171 billion in assets across more than 25,000 funds and syndicates. The median SPV return on that...