Behind the Capital
Tatjana de KerrosI analyze what others miss—deep LP/GP relationships, sovereign capital flows and private companies in critical sectors to give you an edge in high-stakes investments
| Platform |  | Pricing | Freemium | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 11 | Subscribers | Read | behindthecapital.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
The 5 VC Fund Models I Would Back in 2026
Over the last two years, I have reviewed 100+ funds- most from emerging managers, Fund II’s and some early Fund III’s. The majority were concentrated in direct, minority equity shares- with some pre-IPO and growth/ secondaries plays.
Is It a Red Flag When A Fund Has Too Many LP's?
Yesterday, Netherlands-based E2vc (formerly Emerging Europe) announced it had finalized the first close of it’s €100M Fund III. It launched fundraising efforts in Q4 2024- so just over 14 months for a first close- more or less in line with ...
The Lux Playbook: Finding the Future Before It Exists
### A Framework for Capital in the Age of AI, Atoms, and Time
LP Spotlight #004: Charles Myers
#### Meet the Wall Street power broker quietly shaping how capital prices geopolitics.
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Authors
The writers behind this newsletter.
Economist | Focused on venture capital economics, fund management, innovation and technology commercialization. Interested in deeptech and defense innovation. Thoughts are my own.
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