Institutional research, commentary, and market intelligence
Manhattan institutional insights across private credit and market infrastructure.
Manhattan Journal publishes research, commentary, and market intelligence across private credit, capital formation, and modern private market structure.
RESEARCH INDEX
Investment Strategy MAY 2026
·9
MIN READ
LEAD RESEARCH ·INVESTMENT STRATEGY
Founder Dilution: The Hidden Cost of Every Funding Round
Every funding round looks like progress on paper. Seed: 15%. Series A: 20%. Series B: another 20%. By Series C, many founders wake up to a strange reality:…
Most investors still play by an old rulebook: park capital in broad markets, wait, and hope. That model worked when drawdowns were slower, information moved less…
Most investors are taught one idea: own the company. Own the upside. Own the multiple. Own the story. That sounds compelling—until you realise there is another…
Private equity takes the headlines. Private credit often takes the cash flows. If you’re an accredited investor or operator in private markets, you’ve been conditioned to…