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:…

MANHATTAN EDITOR ·MAY 2026 ·9 MIN READ

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RESEARCH SCOPE

The structure behind the signal.

Market intelligence on liquidity, private capital formation, and the infrastructure connecting modern credit markets.

Recent Market Insights

New perspectives across private capital markets

2 articles inInvestment Strategy.

Browse the latest insights covering private credit, tokenisation, capital formation, and institutional market structure.

MAY 2026 ·2 ARTICLES RESEARCH ARCHIVE

MANHATTAN EDITOR MAY 2026

INVESTMENT STRATEGY

Private Credit vs Equity: Do You Want Dreams of Upside, or Cash Flow Now?

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…

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MANHATTAN EDITOR MAY 2026

INVESTMENT STRATEGY

Leveraged Buyout: How Companies Pay to Be Taken Over

Most people think a leveraged buyout is just this: a private equity firm borrows money to buy a company. That’s only half the story. In a…

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