Insights
Perspectives on the earliest capital.
Published occasionally. Written to be worth the interruption.
On first funds, Gulf capital, and the first close.
July 2026
The case for first funds
Why disciplined allocators keep returning to Funds I through III, and what it takes to underwrite a manager before the track record is long.
Read the perspective → July 2026Gulf capital and the next generation of managers
Sovereign and family capital in the Gulf is institutionalising quickly. Emerging managers are among the beneficiaries.
Read the perspective → July 2026Anatomy of a first close
The mechanics of a credible first close: sequencing anchors, calibrating terms, and building momentum a fund can compound on.
Read the perspective →