There’s a point, I’d say around $20mm, that you get access to the real shit

Posted on September 2, 2026 at 08:14:55 PM by Alpo

Not the retail packaged up shit filled with mediocre product and high fees, but the Glen Gary stuff. Good deals at good valuations, more predictable returns that aren’t skimmed by the issuer and manager. And by returns I don’t mean a nice safe 7%, I mean 3x in five years. Or better, I have seen. But they’ve got big minimums, low or no liquidity, and there is a chance it will blow up and you’ll lose practically everything.

Im sure it is of a scale much greater when you get to a hundred million or a billion but I have not, unfortunately, been witness to that.

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Another huge L for Forbes and Rob Manfred. Forbes valued the Angels at $2.8 billion in March 2026. The Angels sold in September 2026 for $4 billion - By brick September 2, 2026 at 07:56:50 PM
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  - There’s a point, I’d say around $20mm, that you get access to the real shit - By Alpo September 2, 2026 at 08:14:55 PM

The Victors

There’s a point, I’d say around $20mm, that you get access to the real shit