Fundamentals
Your friendly guide to investment funds and SPVs.
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With Summary of 50 State Exemptions
Charts showing how GP capital often *does not* run through the waterfall
The Investment Advisers Act of 1940
The Investment Company Act of 1940
The Securities Act of 1933
Preferred returns, carry structures, and catch-up terms.
How GPs are structuring additional fees in 2025
How GPs are structuring management fees in 2025
Overall sentiment, asset allocation priorities, and check size trends
A fork in the road for “deal by deal” investment funds
Stay out of FINRA-regulated hot water with these broker-dealer best practices
A short primer on fund sponsor setups
