The Academy
Resources & Knowledge
Educational content for sophisticated investors — guides, market commentary, and deep dives across private markets.
Featured
The cross-border real estate co-investment playbook
GCC and international investors are shifting from listed REITs to co-investment SPVs to access European real estate, driven by enhanced control, direct exposure, and reduced management fees. This playbook explores the mechanics of cross-border real estate co-investment, from deal evaluation to documentation, with a detailed case study of a London residential development SPV.
How to evaluate a private markets deal: the GP-led due diligence framework
Sophisticated private markets due diligence requires systematic evaluation across five critical layers: asset quality, operator alignment, legal structure, exit realism, and economics. Unlike retail investors who focus on headline metrics, institutional investors deploy frameworks that uncover structural flaws and misaligned incentives that can destroy returns.
Why antimony is the most overlooked critical mineral opportunity of 2025
China's 48% market dominance and new export restrictions have created unprecedented supply chain vulnerabilities for antimony, a critical mineral essential for defense applications and semiconductor manufacturing. Sophisticated investors are now accessing exposure through offtake-linked private structures as prices surge and Western supply chains scramble for alternatives.
All Resources
The 2025 guide to pre-IPO secondary investing
Companies are now staying private for an average of 13 years versus 4 years in 1999, creating a $240 billion secondary market where early wealth creation happens before public listings. Understanding pricing dynamics, transfer restrictions, and diligence requirements has become essential for accessing this previously institutional-only asset class.
What is an SPV and why sophisticated investors use them
Special Purpose Vehicles have become the dominant structure for private market investments, from pre-IPO secondaries to real estate deals. Understanding SPV economics and risk profiles is essential for institutional investors navigating today's $13 trillion private markets ecosystem.