Clawback Provisions in Private Equity Funds: A Plain-English Guide and LP Due Diligence Checklist
By Jeff Barnes, MBA TL;DR: A clawback provision in a private equity limited partnership agreement (LPA) requires the general partner (GP) to return previously distributed carried interest to limited
The GP Catch-Up Clause: How It Works and Why It Is So Heavily Negotiated
The GP catch-up clause is the provision in a private equity fund's limited partnership agreement that lets the general partner take a disproportionate share of profits, sometimes 100% of them, right...
The Emerging-Manager Debut Fund Boom of 2026: What the Data Actually Shows
TL;DR: Three unrelated firms closed debut or early-numbered funds in a single 48-hour window this month, oversubscribed or at hard cap. That is not luck. It is the sharp end of a barbell market where PitchBook found US...
Broadwing Capital Closes Debut Fund at $440M, Defying a Brutal PE Fundraising Market
TL;DR: Broadwing Capital Management, a Dallas-based lower middle market buyout shop, closed its debut fund, Fund I, at $440 million: $90 million above its $350 million target and oversubscribed ,...
Craft Ventures V: What David Sacks First Fund Since the White House Signals for LPs
TL;DR: Craft Ventures filed a Form D with the SEC on August 7, 2026 for Craft Ventures V, LP, an indefinite-size venture capital fund that people close to the raise say is targeting roughly $1...