Registered interval and tender offer funds are becoming the mainstream route into private assets, and the accredited investor definition keeps widening. What changes for sponsors raising into SPVs and funds, and what does not.

US venture secondary volume hit records in early 2026, secondary SPVs grew 545% in two years, and demand is concentrated in five AI names. Here is what that means for GPs and LPs using SPVs.

The top fund administration companies in 2026 across three tiers: institutional giants (SS&C, Citco, Apex), private capital specialists (Gen II, Standish, Alter Domus), and tech-native platforms.

How capital calls work in SPVs: single-close vs called capital, the mechanics of a call notice, default remedies, when SPVs into funds need call schedules, and common GP mistakes.

Yes, a Roth IRA can hold startup equity through a self-directed custodian. The prohibited transaction rules, why investing in your own startup is dangerous, and how SPVs fit.

OpenAI's $6.6 billion employee tender offer explained: who sold, at what valuation, who bought, why companies run tenders, and what it signals ahead of the confidential IPO filing.