Private Capital & Intelligence House
The connection point.High-value relationships across private capital, put to work for the people on every side of the table.
Family offices, funds and banks come to us for deal flow. Founders come to be put in front of them. The firms that sell to capital come to be timed to it. Where we believe in a business, we invest beside it.
Rounded counts of rows on the Desk's public tape. Sources: public filings, wires and the Federal Reserve.
Where the Two Sides Cross
The relationships are the asset. Family offices, funds and banks come to the Desk for deal flow before a process begins. A name that comes through us arrives with our read attached, and that is why the door opens.
the connection point
Founders Raising or Exiting
RaisingCapital
We embed in the business, shape the story, connect you to the capital and advise at the table until it closes.
How it runs
Family Offices, Funds & Banks
DealOrigination
Tell us your mandate. We read your lanes every week and open conversations with the founders who fit it, before a banker is retained.
How it runs
Firms That Sell to Capital
Selling toCapital
We read which funds are changing providers, and carry your introduction to the ones that are.
How it runsEvery door feeds the others.
A raise puts us in the room with the allocators. A mandate maps an industry. A vendor's introduction tells us who is moving. Each engagement leaves the relationships stronger than it found them, and the next one starts further ahead.
03 / The Desk
Know what the investor across the table knows.
Most people come to this market holding one side of it: their own. Who is deploying at your size this quarter, what companies like yours raised, which funds just changed providers, who moved seats last month — all of it is on the public record, and almost nobody reads it. The Desk is our own AI, built on our proprietary reading of the market and on every public filing as it lands. Its one purpose is the outcome you came for: the right people at the table, and the read that gets you there.
The Desk · Week of 14 September- Tue 15 SeptForm DA notice of an exempt offering. First filing.EDGAR
- Tue 15 SeptExecutive change8-K Item 5.02. A director or officer departed or was appointed.EDGAR
- Tue 15 SeptAcquisitionAn acquisition announced by the acquirer.Press
- Tue 15 SeptBankruptcyA petition filed under the Bankruptcy Code.Press
- Tue 15 SeptMerger proxySchedule 13E-3. A going-private transaction.EDGAR
- Mon 14 SeptActivist 13D / ASchedule 13D, amended. A holder's position or intent changed.EDGAR
- Mon 14 SeptBanker retainedAn issuer retained a banker.Press
No company is named on this page. The Desk names them in conversation, from the filing itself.
Read the full tapeWhat the Desk read this week.
One piece a week, measured on the filings the Desk reads. Every number shows its working.
What a placement agent actually charges
Median commission by revenue band, from every Form D since 2015. A company with no revenue pays 7.0%; a company above $100M pays 3.7%.
Read the piece
Three in four companies will not say what they earn
75.8% of the 238,684 operating companies that filed a Form D since 2015 declined to state a revenue band. The larger the raise, the more often they decline.
Read the piece
What an audited mark says a private company is worth
Public credit funds carry their equity stakes in private companies at a median 9.9x EBITDA, under audit. 4,014 disclosures, and the reason it is an upper bound.
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Family offices cannot be searched for, and that is the law
A single-family office is excluded from SEC registration and files nothing. Every directory is built from scraps. What the scraps actually contain, counted.
Read the piece
One in twelve private funds changes its administrator each year
8.6% of 104,034 fund-years, from Form ADV. And 43% of the switches you would count are one provider buying another.
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The newest quarter is always wrong
A quarter read the day it closes shows 70–95% of the money it will eventually show. Why every fresh 'raises are down' headline is manufactured, and the fix.
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The capacity gap
$124T changes hands through 2048 while advisor headcount grows 0.2% a decade. The shortfall, followed down to the $5M–$50M band.
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The $24.5T nobody manages
Muslim-held private wealth is roughly $27.2T. About $2.7T of it is managed Shariah-compliant. Why the gap sits on the supply side.
Read the pieceEvery piece the Desk has published
Every essay with its sources, and the Dispatch, one letter a week.
Start a Conversation
Bring the situation, not the documents. A principal reads every request himself.