What fund managers, impact investors and real-economy operators need to understand about the regulatory wave arriving between 2026 and 2028 The European regulatory environment for private capital is going through one of its most active periods in a decade. Five…

There is a meaningful difference between investing in a business and building one. Most private capital operates in the first mode. A fund identifies a company that already exists, negotiates a price, writes a cheque, and takes a seat at…

Most investment funds have an expiry date. This is not a metaphor. It is a structural feature of how the majority of private capital vehicles are built, and it shapes every decision made inside them from the moment the first…

There is a version of impact investing that has become almost entirely about the story. You know the type. The deck is beautiful. The founder has given a TEDx talk. The mission statement uses words like "regenerative" and "systemic" and…