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Jan 8, 2026
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7 min read
The question that caught me by surprise
Dec 18, 2025
Reference calls won’t just tell you about the manager. They’ll tell you who you should call next time.
Dec 11, 2025
5 min read
When the incentives are stacked and you can't evaluate the assets
Dec 4, 2025
6 min read
Passing on a 30% IRR fund and not making exceptions
Nov 27, 2025
GP-led secondaries reset broken incentives and unstick portfolios. They're emotionally unsatisfying, often the rational choice - but only available for a select few.
Nov 20, 2025
8 min read
When Carry Dies, Survival Economics Take Over