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@cottlawgroup.bsky.socialSep 28, 2026, 2:54 PM

EDGAR Annual Confirmation deadline is this Wednesday, Sept 30 for filers whose selected quarter ends then. It takes about five minutes in Filer Management. Miss it and you enter a 3-month grace period before deactivation. #SECcompliance #EDGAR #privatefunds

@ssrn.bsky.socialSep 27, 2026, 12:00 PM

New research analyzing 7,914 #privatefunds finds that buyout, private debt, and infrastructure funds outperform public benchmarks on a risk-adjusted basis, while North American venture capital and private real-estate funds generally do not. spkl.io/633237TimU
#AssetManagement

Figure 1. Direct Alphas by Vintage Year for Alternative Benchmarks
2015 2018 Sector-Region	Matched
This figure plots pooled direct alphas (calculated with mid betas) by vintage year for North American buyout funds (top panel) and North American venture capital funds (bottom panel). Direct alphas are calculated using the value-weighted CRSP index (blue), the Russell 2000 index (red) and its value (orange) and growth (purple)
variants, the S&P 500 index (green), and our sector-region matched index (cyan) as public market benchmarks. The vertical axis for venture capital is on a logarithmic scale to limit the visual influence of extreme returns for some vintages in the late 1990s.
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