2025 Emerging Manager Desk Reference Guide

2026 Private Funds CFO Fees and Expenses Survey

The AICPA’s 2025 Update Isn’t a Rule Change — It’s a Reality Check for Valuations

For years, private company valuations operated in a world that rewarded precision in theory more than alignment with reality. Models were refined, assumptions debated, and outputs carefully constructed — often with limited visibility into how the market itself was actually behaving. The American Institute of Certified Public Accountants’ 2025 update doesn’t introduce sweeping new rules….

Democratization of Financial Markets: Inflection Point or Illusion?

For decades, access to private markets has been largely reserved for institutional investors and a narrow segment of high-net-worth individuals. Today, that paradigm is being challenged. Recent regulatory signals suggest a meaningful shift, one that could redefine how retail capital participates in private investments. At the center of this evolution is a fundamental question: Are…