Resources

Blog

Insights, analysis and perspectives on private markets, venture capital, and alternative investments.

The Intelligence Layer: How Polymarket and Nasdaq Are Opening Private Markets to Everyone

Polymarket and Nasdaq Private Market recently launched the first real-time, crowd-sourced pricing layer for private companies. Here's what the early prices on SpaceX, OpenAI, and Anthropic actually show, and what it means for Australian investors building pre-IPO exposure.

Hayden Green·June 5, 2026

Read Article →

Education

What Is an SPV? A Complete Guide for Australian Private Market Investors

A Special Purpose Vehicle (SPV) is a separate legal entity that holds shares in a private company on behalf of pooled investors. Here's how Australian SPV structures work, why the choice between Pty Ltd and unit trust matters for your tax, and what fees and risks to weigh up.

Private Markets

What Retail Access to Private Markets Actually Looks Like (And What Wholesale Investors Get Instead)

Retail funds like VCX and Robinhood Ventures are trading at significant premiums to NAV. Here is what that means, and what wholesale investors access instead through direct SPV structures.

Education

Pre-IPO vs IPO Investing: What's the Difference and Which Is Right for Australian Investors?

Pre-IPO and IPO investing look similar but capture fundamentally different parts of the value curve. The academic data on returns at each stage tells a story most investors miss, and the implications for Australian portfolios are clearer than the marketing suggests.

Education

Private Markets Asset Classes: A Guide to Where Capital Actually Goes

Private markets span private equity, venture capital, private credit, infrastructure, and real assets. Learn how each works, what drives returns, and how they fit in a portfolio.

Private Markets

Private Market Secondaries: The $226 Billion Liquidity Market Reshaping Private Investing

Private market secondaries hit a record $226 billion in 2025. Here is what the secondary market is, how LP-led and GP-led transactions work, and why individual investors have been largely locked out until now.

Education

Why Private Companies Stay Private: The Structural Forces Behind the Public Market Exodus

The number of US-listed companies has halved since 1996, while private market capital has grown to over US$13 trillion. The shift isn't cyclical. Four structural forces explain why companies stay private now, and the Australian implications are sharper than most realise.

Private Markets

How Australian Family Offices Are Allocating to Private Markets

Australian family offices have grown from 10% to 40% of all domestic private capital investors in just four years. Here's where they're allocating, why super funds are losing ground, and what individual wholesale investors can learn from their behaviour.

Education

The Risks of Private Market Investing in Australia: What Wholesale Investors Should Understand

Private market investing carries five risks that public markets don't: illiquidity, valuation opacity, information asymmetry, structural complexity, and concentration. ASIC has flagged the sector as a 2026 priority. Here's what the risks actually mean and how to participate sensibly.

Investment Strategy

Cross-Border Capital: Why the Best Australian Portfolios Now Look Global

The classic Australian portfolio: big four banks, resources, dividends, franking credits. It worked for a generation. But the most consequential wealth creation of the next decade is happening in places the ASX simply does not reach.

Market Insights

The New Rules of Private Market Investing

The investing rulebook has changed. The best companies are staying private longer, public markets are hollowing out, and more than 50% of value creation now happens before the IPO bell rings. The old rules no longer apply.

Education

How Do I Know If I Qualify as a Wholesale Investor in Australia?

You qualify as a wholesale investor in Australia if you meet one of four tests under the Corporations Act. Here's how to check, how to get certified, what you give up in exchange for the access, and the threshold changes ASIC has proposed.

Investment Strategy

Why Australian Investors Should Pay Attention to Defence Tech

Australia just committed A$425 billion to defence over the next decade. The companies building the technology it needs are still private. Here's why defence tech is becoming an asset class, and how to access it.

Market Insights

Pre-IPO Investing in Australia: What You Need to Know

The world's most valuable companies are still private. Australian wholesale investors can access them before they list, but the structures, eligibility rules, and risks work differently from anything on the ASX.

Private Markets

How to Invest in SpaceX in Australia

SpaceX is targeting the largest IPO in history. For Australian investors, there are five ways to get exposure before and after it lists. Not all of them give you what you think you're buying.