The PE Secondaries Market Just Hit $240 Billion: What the Data Actually Shows
The global private equity secondary market hit $240 billion in transaction volume in 2025, up 48 percent year over year and the largest total ever recorded, according to the Jefferies 2025 Global...
The Private Markets Circulatory Problem Is Creating a Huge Opening for Prepared Managers.
The Private Markets Circulatory Problem Is Creating a Huge Opening for Prepared Managers. Private markets do not break all at once. They gum up. First exits slow. Then distributions weaken. Then LPs s
DPI Is the New Trust Signal for Emerging Managers
DPI Is the New Trust Signal for Emerging Managers For a long time, emerging managers could get away with selling upside. A sharp deck. A smart thesis. A few paper marks. A clean story about total...
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
Interval Fund vs Closed-End Fund: Which Belongs in Your Alternative Portfolio?
Interval funds and closed-end funds both give retail investors access to illiquid alternatives — private credit, real estate, infrastructure. But they are structurally different. Interval funds trade
Interval Funds Explained: Quarterly Redemption Windows, the 5% Cap, and What Advisors Won't Tell You
Interval funds are closed-end investment vehicles that allow redemptions only during quarterly windows, capped at 5% of net asset value per quarter under SEC Rule 23c-3. That structure works smoothly
Real Estate Tokenization's Liquidity Myth: Why Chainlink's Compliance Engine Isn't a Buyer
TL;DR: CaliberCos and Chainlink just shipped genuinely useful plumbing for tokenized real estate funds, but plumbing isn't demand. The data on tokens that already trade, RealT's, shows they turn over
Interval Funds Explained: The Investment Vehicle That Locked Out Blackstone Investors in 2022
TL;DR: Interval funds give you access to private credit, real estate, and infrastructure that traditional mutual funds cannot hold. In exchange, you give up the right to sell whenever you want. Redemp
The PE Secondaries Market: How LPs Buy and Sell Private Equity at a Discount
The PE Secondaries Market: How LPs Buy and Sell Private Equity at a Discount TL;DR: The private equity secondaries market hit $233 billion in transaction volume in 2025 according to Lazard , up from $132 billion in 2021...