EquityZen Review 2026: Now a Morgan Stanley Subsidiary
EquityZen, acquired by Morgan Stanley in 2026, cut pre-IPO transaction fees to 2.5 percent for buyers and sellers, with a 5,000 dollar minimum.
HarbourVest Raises $2.4 Billion for Private Credit Secondaries
HarbourVest Partners raised $2.4 billion across two private credit secondary vehicles, marking an institutional bet on this fast-growing strategy.
ELTIF Explained: How Europe Opened Private Markets to Retail Money (And Why the US Hasn't)
The European Long-Term Investment Fund market crossed 300 registered vehicles in mid-2026, with total assets under management estimated at €34 billion at year-end 2025, a gain of nearly 55 percent in
Family Offices Aren't Smart Money Anymore, They're the New Retail
The conventional wisdom treats family office capital as patient, sophisticated "smart money" that belongs at the top of any cap table. Here is my read: for a large and fast-growing share of family...
Hiive Review 2026: What This Pre-IPO Marketplace Actually Costs
Hiive is a FINRA-registered broker-dealer that runs a live order book for buying and selling shares in pre-IPO companies like SpaceX, Anthropic, and OpenAI. My verdict after digging through its Form...
Lotus Infrastructure Raises $1.8 Billion: What It Means for Accredited Investors Eyeing Energy Infrastructure
TL;DR: Lotus Infrastructure Partners closed roughly $1.8 billion across its fourth flagship fund, related co-investment capacity, and a single-asset continuation vehicle, the largest capital raise in...
Why Smaller Funds Sometimes Beat Bigger Brands.
Big brands buy trust fast. They also buy bureaucracy, consensus, and a lot of pressure to protect the machine that already exists. That matters because in private markets, the thing that looks safest
SEC Form D Data: Private Placements Raised $2.4 Trillion in 2025
TL;DR: Companies and funds raised $2.4 trillion through Regulation D private placements in 2025, up from $2.1 trillion in 2024, according to the SEC's own tally of Form D filings. That is more than 33 times the $70.3...
Private Capital Rewards Precision, Not Passion Alone.
Private Capital Rewards Precision, Not Passion Alone There is a massive amount of private capital already sitting in the system. The CFA Institute says global private market assets under management...
The Real Job of a First Close
Most emerging managers think a first close is the moment they can finally exhale. It is not. A first close is not the finish line. It is proof the market can finally believe you. That distinction m...
Why a Smaller Fund Can Be the Stronger Signal
Most emerging managers think a bigger target makes them look more credible. It usually does the opposite. In private markets, fund size is not just a number. It is a signal. It tells LPs how you think, how well you
The Discipline of Saying No to Misfit LP Capital
Not every yes makes your fund stronger. Sometimes the capital that looks like a win on paper becomes the thing that bends your strategy, slows your execution, and puts your fund on a timeline that was
The Compliance Signal That Separates Serious GPs From Pitch-Deck Tourists
According to McKinsey's Global Private Markets Report 2025 , private capital deployment remained selective but active, with top-quartile managers continuing to raise capital even as fundraising condit
Why Family Offices Say They’re Interested and Still Never Wire
According to McKinsey's Global Private Markets Report 2025 , private capital deployment remained selective but active, with top-quartile managers continuing to raise capital even as fundraising condit
The Pre-Term-Sheet Discipline Every Capital Raiser Skips
According to McKinsey's Global Private Markets Report 2025 , private capital deployment remained selective but active, with top-quartile managers continuing to raise capital even as fundraising condit
How to Evaluate AI Diagnostic Tools Without Getting Fooled by Accuracy Theater
According to McKinsey's Global Private Markets Report 2025 , private capital deployment remained selective but active, with top-quartile managers continuing to raise capital even as fundraising condit
Adams Street Raises $5B+ for Secondaries: Why the Secondary Market Is the Smart LP Play in 2026
Adams Street Partners raised over $5 billion for its latest Secondaries Investment Program, including a $2.7 billion close on Global Secondary Fund 8 — 50% larger than its prior program. The secondary
When Health Institutions Lose Trust, Smart Families Stop Outsourcing Decisions
According to McKinsey's Global Private Markets Report 2025 , private capital deployment remained selective but active, with top-quartile managers continuing to raise capital even as fundraising condit
Why Most Healthcare AI Raises Die in the Incentive Stack
According to McKinsey's Global Private Markets Report 2025 , private capital deployment remained selective but active, with top-quartile managers continuing to raise capital even as fundraising condit
The LP Pipeline Math Nobody Wants to Hear
According to McKinsey's Global Private Markets Report 2025 , private capital deployment remained selective but active, with top-quartile managers continuing to raise capital even as fundraising condit