The SPV Fraud Wave Should Scare You More Than the Headlines Do
On August 10, 2026, the SEC sued Adit Ventures Management, founder Eric Munson, and three affiliated general partners, alleging the firm told an investor it already owned 32,000 shares of Klarna stock
Mega Rounds Are Back: What the Late-2026 Form D Wave Signals for Retail Access
In a single week ending August 31, 2026, four private-capital transactions collectively moved more than $9.
Socure's $5.2 Billion Growth Round: What the Summit Partners Deal Structure Signals for Late-Stage Private Investors
TL;DR: Socure, the identity and fraud-decisioning company behind RiskOS, just told the market it is worth $5.2 billion in a growth round led by Summit Partners, with Goldman Sachs Alternatives, Wells...
When the Same Investors Keep Setting the Price: A Warning on Rapid Private Valuation Step-Ups
The Short Version: Three deals from August 2026 share the same structure: a late-stage private company or fund takes on a massive follow-on raise weeks or months after a prior round, at a sharply...
StepStone Closes $1.7 Billion Infrastructure Secondaries Fund and What It Tells Accredited Investors About Private Markets
On August 26, 2026, StepStone Group (Nasdaq: STEP) announced the final close of its StepStone Secondaries Infrastructure Fund (SSIF) at $1.7 billion in total capital commitments, making it the...
CrowdStreet's iCapital Talent Raid: Can New Leadership Outrun a $63 Million Fraud Scandal?
CrowdStreet just hired Chris Piazza, the former iCapital CTO who helped build a platform now processing over $200 billion in alternative-asset AUM, and Lindsay Obenhaus, a product leader with stints a
Why “We’re Different” Is the Weakest Line in Private Markets.
Why “We’re Different” Is the Weakest Line in Private Markets. In my experience, every allocator in private markets has heard some version of the line. We’re different. No kidding. Every manager is dif
CrowdStreet Adds Neuberger Berman: Trust Rebuild or Borrowed Credibility?
TL;DR: CrowdStreet added the Neuberger Berman Private Markets Access Fund to its platform on August 12, 2026, its seventh institutional fund alongside two Nuveen strategies already live. Neuberger Ber
CIP's $3 Billion Growth Markets Fund II: Infrastructure Investing for Accredited Investors
TL;DR: Copenhagen Infrastructure Partners just closed its second Growth Markets Fund at roughly $3 billion, nearly tripling the size of its 2019 predecessor, and it has already put $1.6 billion to wor
Morgan Stanley Drops the Accreditation Gate on PMAX: What 'Daily Subscriptions' Really Means
Morgan Stanley opened PMAX - Balanced to non-accredited investors at $10K. Here's the '40 Act structure behind it and why 'daily subscriptions' isn't daily liquidity.
Inside the $500B Infrastructure Boom: How to Access Private Infrastructure Deals
Global infrastructure investment is expected to exceed $500 billion in private capital deployment by 2027. Here's how sophisticated investors can access deals that were once reserved for sovereign wealth funds and pension giants.