After the Close

The financial questions fund principals actually ask behind closed doors. Weekly insights on carried interest, liquidity events, and co-investment decisions for PE/VC/Hedge fund Principals, MDs, and VPs.

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Articles

Liquidity Events

Your Fund Just Had an Exit. Here's What Happens to Your Money.

Feb 10, 2026

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7 min read

Your Fund Just Had an Exit. Here's What Happens to Your Money.

From exit to your bank account: The timeline nobody explains.

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Carried Interest

Talking to Your Partner About Carry (Without Starting a Fight)

Feb 3, 2026

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8 min read

Talking to Your Partner About Carry (Without Starting a Fight)

Explaining waterfall mechanics over dinner: 0/10, do not recommend.

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Carried Interest

Section 1061: The Tax Code Section That Owns Your Financial Life

Jan 27, 2026

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7 min read

Section 1061: The Tax Code Section That Owns Your Financial Life

The carried interest tax rule, explained like you're explaining it to your spouse.

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Carried Interest

Your Carry Is Worth $4M. You Can't Touch It for 6 Years. Now What?

Jan 20, 2026

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6 min read

Your Carry Is Worth $4M. You Can't Touch It for 6 Years. Now What?

Congrats on the carry. Sorry about the liquidity.

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Launch

Jan 13, 2026

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3 min read

What This Newsletter Is (And Isn't)

Carried Interest, Liquidity Events, Co-Investments and The GP Life.

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