G Squared's $2.3 Billion Fund Signals Where Venture Capital Liquidity Is Really Going
    Venture Capital

    G Squared's $2.3 Billion Fund Signals Where Venture Capital Liquidity Is Really Going

    On August 5, 2026, Chicago-based G Squared announced the final close of G Squared VII at $2.3 billion , the firm's largest fund ever and, by rough math, almost exactly the size of its prior two funds

    Jeff Barnes, MBA··10 min read
    Khosla Ventures Raises $5.5 Billion: What AI Capital Concentration Means for LPs
    Venture Capital

    Khosla Ventures Raises $5.5 Billion: What AI Capital Concentration Means for LPs

    According to National Venture Capital Association data , the following analysis reflects current market conditions and publicly available data. Khosla Ventures Raises $5.

    Jeff Barnes, MBA··11 min read
    CVC's $3.4B Catalyst III Close Reveals the K-Shaped Split in Private Equity
    Private Equity

    CVC's $3.4B Catalyst III Close Reveals the K-Shaped Split in Private Equity

    TL;DR: CVC Capital Partners just closed Catalyst III, its third European mid-market buyout fund, at roughly €3.0 billion ($3.4 billion), nearly double the €1.75 billion ($2.0 billion) target it set ou

    Jeff Barnes, MBA··9 min read
    Fund of Funds Explained: Fees, Returns, and Who Should Use One
    Alternative Investments

    Fund of Funds Explained: Fees, Returns, and Who Should Use One

    **TL;DR** A Fund of Funds (FoF) is a pooled investment vehicle that buys stakes in other investment funds rather than directly in portfolio companies. You get access to oversubscribed top-tier manager

    Jeff Barnes, MBA··9 min read
    Fund of Funds for Accredited Investors: What the Fee Math Really Says
    Alternative Investments

    Fund of Funds for Accredited Investors: What the Fee Math Really Says

    According to Harris, Jenkinson, Kaplan and Stucke (2018) , A fund of funds (FoF) is a pooled investment vehicle that buys shares in other funds rather than individual companies. You pay two layers of

    Jeff Barnes, MBA··9 min read
    Fund of Funds: How the Double-Fee Structure Works and When It Makes Sense
    Alternative Investments

    Fund of Funds: How the Double-Fee Structure Works and When It Makes Sense

    Fund of Funds: How the Double-Fee Structure Works and When It Makes Sense A fund of funds (FoF) pools your capital and deploys it across 20 to 30 underlying private equity or venture capital funds....

    Jeff Barnes, MBA··12 min read
    Fund of Funds Explained: When Double Fees Make Sense (And When They Don't)
    Alternative Investments

    Fund of Funds Explained: When Double Fees Make Sense (And When They Don't)

    Put $1 million into a typical private equity fund charging 2% management fees and 20% carried interest. That fund then invests through a fund of funds structure that charges another 1% management fee and 10% carry on...

    Jeff Barnes, MBA··10 min read
    Fund of Funds: You're Paying 2-and-20 Twice (Here's When It's Still Worth It)
    Alternative Investments

    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...

    Jeff Barnes, MBA··8 min read