Market Analysis
Private Equity Returns in 2025-2026: What Cambridge Associates and Cliffwater Data Actually Show
PE Returns 2025-2026: What the Benchmark Data Shows The Cambridge Associates US PE Index returned 3.9% net in the first half of 2025, while private credit, tracked by the Cliffwater Direct Lending Ind
Jeff Barnes, MBA··10 min read
Angel Investing
Why Most Angel Investors Lose Money — and the Portfolio Pattern That Changes It
TL;DR: 70% of individual angel investments return less than the original capital. Most angels who fail are not bad pickers. They made 3-5 bets in an asset class that requires 22-24 investments...
Jeff Barnes, MBA··9 min read