Category: Insights
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Third Wire Counterweight Newsletter: October 2025
To subscribe to our newsletter, visit us on LinkedIn: I’ve made jokes over the past couple of years about FoFoF and the layers (and layers) of fees, but the fact that Tertiaries are now a reality… It has to be the dumbest thing I’ve seen in a while. Dan, tell us…
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Third Wire Counterweight Newsletter: September 2025
To subscribe to our newsletter, visit us on LinkedIn: A ‘hat tip’ to William J. Kelly, CAIA, for his ‘hat tip’ to Ludovic Phalippou and their ‘hat tip’ to the recent speech by U.S. Securities and Exchange Commission Commissioner Caroline Crenshaw on the industry push to release the alternative investment hounds…
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Third Wire Counterweight Newsletter: August 2025
To subscribe to our newsletter, visit us on LinkedIn: I just posted about this earlier today, but wanted to make sure to cover it in our newsletter this month, too. Everywhere I turn right now, there’s talk about how regulators are making it easier to funnel your clients’ retirement savings into…
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Third Wire Counterweight Newsletter: July 2025
To subscribe to our newsletter, visit us on LinkedIn: Hope everyone’s getting at least a little time away this summer. In case you missed it, Jose Martinez Sanguinetti, CEO of Sothys Capital, joined our Advisory Board last month. He brings a global allocator’s lens and a deep interest in how machine…
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A New Gateway to U.S. Private Equity for Latin American Investors
By Jose Martinez Sanguinetti, Founder & CEO, Sothys Capital Published in partnership with Third Wire Asset Management This article is also available in Spanish on LinkedIn, here: https://www.linkedin.com/pulse/una-nueva-puerta-de-acceso-al-capital-privado-ipgyc/ Private equity has long captured the imagination—and the capital—of long-term investors. For institutions, family offices, and pension funds in Latin America, U.S.…
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Third Wire Counterweight Newsletter: June 2025
To subscribe to our newsletter, visit us on LinkedIn: iCapital recently published its 2025 iCapital Global Advisor Survey. Typically, I don’t put much stock in these types of surveys. They usually boil down to something like: We asked our clients—who already invest in alternatives—if they’re planning to continue investing in alternatives.…
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Due Diligence 201: Why Some Evergreen Funds Charge You Fees on Borrowed Money.
It’s a classic scene from Goodfellas. Henry Hill explains how the mob squeezes every penny from a business until it collapses. “They buy your truck, but somehow you’re still paying for the gas.” Well, welcome to the world of evergreen fund fees. One of the most overlooked costs in alternative…
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Third Wire Counterweight Newsletter: May 2025
To subscribe to our newsletter, visit us on LinkedIn: Evergreen Funds. Evergreen Funds. Evergreen Funds. In case you didn’t get the memo, everyone seems to be talking about and launching evergreen funds. The megafund managers—and the usual chorus of industry pundits—have decided evergreen funds are the answer to everything that ails…
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Third Wire Counterweight Newsletter: April 2025
To subscribe to our newsletter, visit us on LinkedIn: Yale University’s ‘endowment model’ is the private equity industry’s favorite proof point for why your clients should be allocating a significant portion of their hard-earned wealth to their funds—private credit managers too. A couple of things they tend to gloss over in…
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Third Wire Counterweight Newsletter: March 2025
To subscribe to our newsletter, visit us on LinkedIn: By most measures, Q1 has been bonkers–and yes, that’s the technical term for it. We all read or watch the news, so I don’t think I need to rehash the highlights (or lowlights, as the case may be). But one theme that…