United States: Fund Management/ REITs

The SEC has filed a complaint against Eric Munson and Adit Ventures Management, alleging a multi-year scheme involving misrepresentation to investors, misappropriation of fund assets, and undisclosed conflicts of interest. The case involves over 60 funds with at least 1,000 investors, where the defendants allegedly induced investments through false promises, executed unauthorized loans between funds, and engaged in undisclosed self-dealing transactions while failing to properly register as an investment adv

Aurelia Edwards, co-founder and general partner of Edin Capital, discusses her transition from startup founder to venture capital fund manager and explains why not every startup should pursue unicorn status. She shares insights on supporting founders with investment strategies that align with their actual business goals rather than forcing them into a Silicon Valley mold, while emphasizing the importance of understanding regional markets and generating both financial returns and community impact.

LP Allocator explores key insights from McDermott Will & Emery's inaugural Emerging Managers and Independent Sponsors Forum, where industry leaders discussed the evolving landscape of fundraising and lower middle market investing. Despite competitive market conditions, the forum revealed that investors remain committed to backing managers who demonstrate differentiated strategies and institutional-quality platforms.