Legion Blog
Why the best companies stay private, how secondary markets are changing everything, and what it means for your portfolio.
AngelList vs Legion: A Comprehensive Comparison for Fund Managers
Evaluating the top SPV platforms side by side. Compare AngelList and Legion on fees, SPV formation speed, LP management, secondary trading, compliance, and more.
Why Private Markets Still Lack Liquidity — And How to Fix It
Private equity's liquidity problem costs investors billions in unrealized value. Explore why traditional exits take 7-10 years, how secondary trading is changing private markets, and what modern platforms are doing about it.
What Is an SPV? A Complete Guide for Investors and Fund Managers
Learn what a special purpose vehicle (SPV) is, how SPVs work in private equity, the benefits for investors and fund managers, common structures, and how to create one.
How to Evaluate a Private Equity Deal: A Framework for LPs
A comprehensive LP due diligence checklist for evaluating private equity deals — covering GP assessment, fee analysis, deal terms, portfolio fit, and red flags every investor should know.
The Future of LP Onboarding: From Paperwork to Platform
How investor onboarding platforms are replacing manual paperwork, streamlining KYC/AML compliance, and transforming the LP onboarding experience for fund managers and investors alike.
Secondary Trading in Private Equity: The Complete Guide
Everything LPs and fund managers need to know about secondary trading in private equity — from transaction types and pricing mechanics to market trends and modern platforms reshaping PE secondaries.
Building Your LP Reputation: Why It Matters in Private Markets
Your LP reputation determines the deals you access. Learn how digital reputation scoring is replacing the old boys' network and democratizing access to top-tier private equity opportunities.
Why Fund Managers Are Leaving AngelList in 2026
Fund managers are leaving AngelList in record numbers. Explore the common pain points driving the exodus — from high fees to limited secondary options — and what modern SPV platforms offer instead.
Private Equity Fees Explained: What LPs Actually Pay
A comprehensive breakdown of private equity fees — from management fees and carried interest to hidden SPV costs. Learn what LPs actually pay and how modern platforms are driving transparency.
The Rise of Digital-First Private Markets Platforms
How digital-first private markets platforms are transforming private equity — from SPV formation and LP management to secondary trading and compliance. Explore the technology driving access, speed, and transparency.