Skip to content
Bits & Basis Points

byte-sized takes on investing and technology

  • Home
  • Privacy Policy

Private Markets

Why the Easy-Money Era Is Over (and That’s Good)
Posted inPrivate Markets

The 2025 Private-Markets Playbook: Why the Easy-Money Era Is Over (and That’s Good)

Twenty years ago, in an "Entrepreneurship through Acquisition" class, the professor urged us: "This is your best time to take risk. Your opportunity cost will never be this low again." …
Posted by Marius A. Holzer, CFA, CAIA, CIPM July 16, 2025
The Magic Show Problem: Why Your Private Equity Returns May Feel Like an Illusion
Posted inPrivate Markets

The Magic Show Problem: Why Your Private Equity Returns May Feel Like an Illusion

While visiting Pier 39 in San Francisco with my family, a street magician made a $20 bill multiply into $100 right before our eyes—a 400% return in seconds! My son was…
Posted by Marius A. Holzer, CFA, CAIA, CIPM June 18, 2025
What My Local Pizzeria Taught Me About Private Equity's Biggest Myth
Posted inManager Selection Private Markets

What My Local Pizzeria Taught Me About Private Equity’s Biggest Myth

Our family’s Friday ritual was pizza at El Grotto, a tiny place where the pizzaiolo knew our order before we sat down. ​Then came the glowing newspaper reviews. Lines snaked out the…
Posted by Marius A. Holzer, CFA, CAIA, CIPM June 10, 2025
What My Old Bathtub Taught Me About Evergreen Funds
Posted inPrivate Markets

What My Old Bathtub Taught Me About Evergreen Funds

When we moved into our nearly 100-year-old Tudor home, the kids were most excited about the classic clawfoot bathtub upstairs. On our first night, after a long day of unpacking,…
Posted by Marius A. Holzer, CFA, CAIA, CIPM May 27, 2025
Copyright 2025 — Marius A. Holzer. All rights reserved.
Scroll to Top