Knowledge Base
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62 articles in this category — page 3 of 6
A private equity LBO model is a financial framework that projects the acquisition of a company using a mix of debt and equity, then calculates investor returns across multiple exit scenarios. The model answers one question: given these financing costs, this entry price, and these operational assumpt
Private equity layoffs have accelerated well beyond the typical post-boom correction. Global PE fundraising in 2023 fell to its lowest level since 2015, according to Preqin, and deal activity has not recovered to anywhere near 2021 peak levels. For professionals at these firms, that revenue compress
Carta is a fund administration and equity management platform that handles cap table management, investor reporting, K-1 distribution, and secondary transaction facilitation for private equity funds and SPVs. For FATFIRE-level investors, the relevant question is not whether Carta is useful in the ab
MFG private equity targets manufacturing companies specifically, deploying capital and operational expertise to restructure, scale, or modernize businesses that produce physical goods. If you're allocating to alternatives at the $5M+ level, understanding how manufacturing-focused PE differs from bro
Venture capital financial statements follow a different logic than corporate financials, and that gap matters enormously if you're writing a check as a limited partner. The four core documents, balance sheet, income statement, cash flow statement, and statement of changes in partners' capital, tel
Most private equity magazines are written for GPs. If you are a limited partner with a $5M+ commitment, a family office allocating 20-30% of AUM to PE, or an individual evaluating your first direct fund investment, the standard reading list leaves you underserved. The publications worth your time ar
Private equity return metrics are the difference between a well-constructed allocation and an expensive mistake. IRR, MOIC, PME, DPI, each answers a different question about the same investment, and no single number tells the full story. For investors writing $1M+ checks into illiquid vehicles with
BlackRock venture capital is not what most people assume. The world's largest asset manager, with $9.1 trillion in AUM as of year-end 2023, does not run a traditional venture fund competing with Sequoia or Andreessen Horowitz for Series A deals. Its private markets activity sits inside BlackRock Alt
Cryptocurrency venture capital is private fund investing in blockchain-native companies and protocols, typically through equity stakes, token warrants, or hybrid instruments that don't exist in traditional VC. For investors already running diversified alternative portfolios, the question isn't wheth
MSCI Real Capital Analytics is the commercial real estate data and analytics division of MSCI, formed when MSCI completed its acquisition of Real Capital Analytics in October 2021 for approximately $950 million. The platform tracks deal-level transaction data across more than 170 countries, covering
The best venture capital books serve different masters. If you are evaluating VC as an LP, the reading list looks nothing like it does for a founder raising a Series A. For $5M+ investors deciding whether to commit $1M to a fund, the genre has a serious problem: almost every popular title is written
Natural resources investment banking sits at the intersection of commodity cycles, geopolitical risk, and capital-intensive project finance. For investors operating at the $5M+ level, understanding how these deals are structured, priced, and accessed is more useful than a general overview of the sec