RCS's $350M Contrarian Office Fund: Bottom Call or Falling Knife?
Real Capital Solutions (RCS) just launched a $350 million "Contrarian Office Fund" seeded with a personal $50 million check from CEO Marcel Arsenault, and it plans to use roughly 2.4x leverage to buy...
August 14, 2026
Blacksmith's 10x Markup: What Rapid AI Valuation Jumps Actually Signal
Blacksmith, a startup that builds AI tools to test and validate software code, just raised a $45M Series B led by Peak XV Partners at a $550M valuation, according to TechCrunch . That is up from a...
August 14, 2026
Whiskey Cask Tokenization: A Real Alternative Asset or Just a Digital Wrapper on Old Risks
Marrowbone Lane, an Irish whiskey producer, is piloting blockchain-based fractional cask ownership in the UAE starting around £100 per investor, a fraction of the £3,500 to £8,500 you'd normally pay...
August 14, 2026
Private Credit's Split Screen: Institutional Records vs. Retail BDC Redemptions
Private credit ran two completely different playbooks in the first half of 2026. Institutional LPs closed a record ~$190 billion into private credit funds, up 53% year over year, according to With...
August 14, 2026
SEC Approves FINRA Rule Changes Easing Capital Rules for Non-Traded REITs and DPPs
On July 24, 2026, the SEC approved FINRA rule amendments to Rule 5110 and Rule 5123 that make it easier for underwriter affiliates to put capital into non-traded REITs and direct participation...
August 14, 2026
Ares' $12.7 Billion Pathfinder III and the Rise of Asset-Based Finance
Ares Management closed its Pathfinder III fund at $12.7 billion in August 2026, the fastest fundraise in the firm's alternative credit history, according to Alternative Credit Investor . The fund's...
August 14, 2026
Senate Hearing Pushes 403(b) Access to Collective Investment Trusts
On Aug. 6, 2026, the Senate Committee on Banking, Housing, and Urban Affairs heard testimony backing S.424, the Retirement Fairness for Charities and Educational Institutions Act, which would let...
August 14, 2026
What a Low Proration Rate on a BDC Tender Offer Actually Means for Your Exit Timeline
In Q2 2026, Onex Direct Lending BDC Fund accepted just 7.38% of the 421,913 shares investors tendered for repurchase, paying June 30 NAV on a request window that closed August 7 and settled August...
August 14, 2026
Accel's $550M India Fund Closed in Weeks, With 55% of the Last Fund Still Unspent
TL;DR: Accel closed a $550 million India venture fund in weeks, oversubscribed, just 19 months after its prior $650 million India fund. More than 55% of that prior fund sits undeployed, according to...
August 13, 2026
Team8's $365M Fund III Already Has an Exit. Here's What That Signals About Deployment Discipline.
TL;DR: Team8 closed $365 million in new capital this month, split between $265 million for Fund III and more than $100 million for follow-on checks, pushing total assets under management to nearly $2...
August 13, 2026
Exponent's EUR750M Continuation Vehicle for H&MV Engineering: The Valuation Math LPs Should Check
TL;DR: Exponent closed a roughly EUR750 million ($865 million) single-asset continuation vehicle for H&MV Engineering on August 11, 2026, valuing the Limerick-based high-voltage electrical contractor...
August 13, 2026
Kay Properties vs. Passco Companies: How Two DST Sponsors Actually Differ for 1031 Exchange Investors
TL;DR: Kay Properties & Investments is a marketplace. It doesn't sponsor its own DSTs; it gives investors access to offerings from more than 25 different DST sponsor companies and helps them pick and...
August 13, 2026