Alternative Investments
How Interval Fund Liquidity Actually Works: Tender Offers, Auctions, and the Real Cost of an Early Exit
Interval funds hold $131 billion in assets across 148 funds, up from $39 billion in just 66 funds in 2020, according to the Investment Company Institute .
Jeff Barnes, MBA··12 min read
Capital Raising
Forge Global Review 2026: What Pre-IPO Secondaries Actually Cost You
TL;DR: Forge Global is the largest independent marketplace for trading shares in companies that have not gone public yet. Think pre-IPO stakes in the SpaceXs and Stripes of the world, bought and sold
Jeff Barnes, MBA··11 min read
Angel Investing
Pre-IPO Investing in 2026: How Accredited Investors Access Private Shares (and How to Avoid Getting Crushed)
TL;DR: Accredited investors who bought Instacart shares on the secondary market at $133 per share watched the company list on Nasdaq at $30 in September 2023 — a 75% loss before they could sell a sing
Jeff Barnes, MBA··10 min read