Knowledge Base
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62 articles in this category — page 5 of 6
Carta manages over $2.8 trillion in equity across more than 40,000 companies and 2 million stakeholders, making it the largest private cap table repository in the US. For carta venture capital participants, whether you're an LP in a fund, an angel with positions across a dozen startups, or a founder
Most venture capital reporting advice is written for founders trying to impress their investors. If you're writing checks of $500K to $5M+ into VC funds, you need the other side of that conversation: what competent GPs are obligated to report, what they'll hide if you let them, and how to read the n
The worst private equity firms are not always the ones making headlines for fraud. More often, they are the ones quietly collecting 2% management fees while delivering sub-hurdle returns, loading portfolio companies with unsustainable debt, and exiting before the damage becomes visible. For a $5M+ i
SPACs and private equity both offer access to private company returns, but they serve fundamentally different purposes in a high-net-worth portfolio. The structure, tax treatment, liquidity profile, and realistic return expectations diverge enough that treating them as interchangeable alternatives i
PAI Partners is a Paris-headquartered buyout firm managing approximately €7 billion in assets across its flagship European strategy. Founded in 1994 as the private equity arm of BNP Paribas, it completed a management buyout to become fully independent in 2002. That independence matters: PAI operates
MSCI BarraOne is an institutional-grade, multi-asset risk analytics platform built on Barra factor models. It decomposes portfolio risk into systematic and idiosyncratic components across equities, fixed income, derivatives, and alternatives. For managers running complex, multi-asset books, it is th
The schedule of investments is the primary disclosure document that tells you what a private equity fund actually owns, what it paid, and what those positions are worth today. For LPs writing checks of $5M or more, reading this document correctly is the difference between informed oversight and blin
ARR in venture capital is the primary metric separating fundable SaaS businesses from interesting experiments. For investors evaluating direct startup positions or LP commitments, understanding how to read ARR quality, not just ARR size, is what separates a well-underwritten bet from a number that l
The BDC vs private equity decision is not a question of which vehicle is better. It is a question of what you are optimizing for: current income with liquidity, or illiquid capital appreciation with a longer runway. Both can belong in a sophisticated portfolio. Understanding the structural, tax, and
The comparison between investment banking vs hedge funds comes down to more than compensation. These are structurally different businesses with different skill requirements, career trajectories, and risk profiles. If you are evaluating either path for yourself, advising someone in your network, or d
A private equity one pager is a fund manager's first and most controlled impression. For investors allocating $500K to $5M+ into a single fund, reading one correctly matters more than reading it quickly. According to Preqin's 2024 Global Private Equity Report, the average institutional LP spends und
The holding company vs private equity question comes down to one core distinction: permanence versus transformation. A holding company owns businesses indefinitely, collecting income and compounding value across decades. A private equity firm acquires businesses, restructures them aggressively, and