Notes / 10

Notes from the private room.

Plain language on access, structure, discretion, and the choice to pass.

Latest note

Private markets / 04

Who can participate from India or elsewhere?

Why eligibility, outbound rules, tax, and the partner documents all matter before a wire.

Private markets / 03

An SPV is a structure, not a signal.

How a special purpose vehicle can sit between a member and a private-company subscription.

Private markets / 02

Pre-IPO access is not a shortcut to liquidity.

What the label means, what it does not promise, and what to read before deciding.

Private markets / 01

Private-market access is a path problem.

Why capable capital still misses closed rounds, what a brief should contain, and where a partner vehicle fits.