Knowledge Base
Tax strategy, healthcare before Medicare, the post-FIRE identity shift, and the financial decisions that get more complicated after you stop earning.
1054 articles — page 39 of 88
The short answer is no, and that distinction matters enormously before you commit capital. Vanguard does not currently offer a standalone vanguard private equity ETF with a ticker symbol available to retail investors. Their private equity exposure runs through a partnership with HarbourVest Partners
SaaS private equity has become one of the most active corners of the alternatives market, with technology and software consistently representing the largest subsector by deal count in global buyouts. For $5M+ investors evaluating PE fund commitments or co-investment opportunities, understanding how
An investment banking haircut is the percentage discount applied to an asset's market value when that asset is used as collateral. If your $5M equity portfolio carries a 50% haircut, your lender extends $2.5M in credit, not $5M. That gap is not arbitrary. It is a calibrated buffer against price vola
AI venture capital attracts more capital, more hype, and more genuinely transformative companies than any other sector right now. For high-net-worth investors, the question is not whether AI is important. The question is how to access it intelligently, at what cost, and whether the risk-adjusted ret
Roughly $14 to $15 trillion in assets are benchmarked to MSCI indexes globally. When MSCI shifts a country weighting by even 1% in its Emerging Markets Index, that single decision forces more than $100 billion in repositioning across passive and semi-passive funds. Twice a year, that process runs on
Investment banking fees for raising capital typically run 1% to 7% of gross proceeds, depending on transaction type, deal size, and the bank you hire. A $50M private placement might cost $3M to $5M in total banker compensation once you account for cash fees, warrant coverage, and expense reimburseme
Asurion is privately held by a consortium of private equity firms led by Welsh, Carson, Anderson & Stowe (WCAS), with additional stakes held by Madison Dearborn Partners, Berkshire Partners, CVC Capital Partners, and TPG Capital. No single firm discloses its exact ownership percentage, but WCAS is t
Brookfield private equity is one of the largest alternative asset platforms on earth, with Brookfield Asset Management reporting approximately $925 billion in assets under management as of year-end 2023. But the firm's structure creates a real access problem for individual investors: the flagship fu
Bertram Capital Management is a San Francisco-based mid-market private equity firm founded in 2006 by Jeff Drazan, managing approximately $4.3 billion in assets across technology, business services, and healthcare. For FATFIRE-level investors evaluating PE allocations, the firm represents a useful c
The right of first refusal in venture capital gives existing investors the contractual option to participate in a future funding round before the company can accept capital from new investors. It is one of the most consequential provisions in any term sheet, and its specific mechanics determine whet
The european waterfall private equity model determines not just when you get paid, but how much risk you're absorbing relative to your GP. The structural choice between European and American waterfall mechanics can shift net IRR by several percentage points on a $10M+ commitment, particularly when e
MOIC in private equity measures how many times over a fund has returned capital relative to what was invested. A 2.5x MOIC means every dollar committed came back as $2.50. Simple arithmetic, but the number carries real weight when you're committing $1M+ to an illiquid fund for a decade.