We Got Three Numbers Wrong This Morning. Full Correction Inside.
A correction on today's piece: we caught it, we're owning it
We owe you an apology.
Earlier today we published a piece on LP commitment velocity that got 400+ likes in the first hour. The corrected version is here.
Three of the figures in that piece were wrong. We’re retracting them completely.
What was wrong and why:
More Investment House, we published $64.2B in LP commitments. The actual number is a small fraction of that.
Our tech attributed Google’s $32B acquisition of Wiz to More Investment House because they are a LP in Cerca Partners, which was associated with Wiz.
A corporate acquisition got misclassified as an LP fund commitment. More Investment House is a real Israeli asset manager with a real Cerca Partners relationship. The $64.2B number is not real.
T-Mobile: we published $39.8B in LP commitments. T-Mobile is not an LP. Our system detected their joint ventures with KKR and EQT (real infrastructure acquisitions) and counted the same two transactions eighteen times across different info runs. Corporate acquirer misclassified as LP deployer.
Marc Andreessen: already removed from the piece before this correction. Same category of error. Firm-level a16z fundraising activity and PAC contributions were conflated with personal LP activity. Marc Andreessen is a legitimate LP investor in early-stage funds, those personal commitments are real but measured in millions, not billions.
We also want to apologize directly to More Investment House and Marc Andreessen. Publishing incorrect figures attached to real institutions and real people causes real confusion, regardless of intent.
More Investment House is a legitimate Israeli asset manager. Marc Andreessen is a legitimate LP. Neither deserved to have fabricated numbers published next to their names this morning. We are sorry, and this will not happen again.
What’s still accurate:
Every institutional figure in the piece: GPIF Japan at $154.8B, Singapore GIC at $99.3B, Stanford Management Company at $78.9B, Texas Teachers at $59B, CalPERS at $56.6B. They are verified against source records and stand.
The Preqin “cautious” contradiction stands. Their H1 2026 outlook was published four days ago based on a November 2025 survey. The institutional velocity data we showed is real.
What this means for our product:
These errors have the same root cause. Our entity resolution layer does not yet distinguish between an LP making a fund commitment and a corporate entity making an acquisition.
We were already building the fix before this piece went out. The entity resolver distinguishes LP fund commitments from corporate acquisitions. It ships this week.
We publish faster than anyone in this market. Today we published wrong. We caught it in hours because a customer flagged it immediately — which is exactly how this ecosystem should work.
The corrected version of the original piece is live now with the three figures removed.
The incumbents would have caught these errors in their next quarterly review. We caught ours in three hours. That gap is the product.