iCapital Review 2026: The Infrastructure Behind Your Advisor's Alt-Investment Menu
TL;DR: iCapital is not a platform you join. It is the back-end infrastructure that lets your bank or wealth advisor put private equity, private credit, and hedge funds on a menu for you to choose from
July 18, 2026
Side Pockets in Hedge Funds: How a Legitimate Tool Can Trap Your Capital for Years
TL;DR: A side pocket is a separate account inside a hedge fund where illiquid or hard to value assets get walled off from the main portfolio. You can't redeem your share of it until the manager sells
July 18, 2026
NAV Loans in Private Equity: How Fund-Level Financing Works, and the DPI Controversy LPs Need to Watch
A NAV loan is a line of credit that a private equity fund borrows against the current value of the companies it already owns, not against the money its investors still owe. The market has grown to rou
July 18, 2026
AIP Capital and Monroe Capital's $643M Aircraft ABS: What the Tranches Tell You About Aviation as Fixed Income
AIP Capital and Monroe Capital closed a $643 million aircraft asset-backed securitization on July 17, 2026. It's their first joint deal, and it packages 18 aircraft leased to 12 airlines across 10 cou
July 18, 2026
What Happens When a Limited Partner Defaults on a Capital Call
TL;DR: When a limited partner misses a capital call, the general partner doesn't wait around. Most fund agreements give you a written cure period of roughly 5 business days after notice before you're
July 18, 2026
Neko Health's $700M Series C: A 4x Markup in 18 Months, But Whose $7 Billion Is It?
TL;DR: Neko Health, the full-body scanning startup co-founded by Spotify's Daniel Ek, raised $700 million in a Series C led by Lightspeed Venture Partners and O.G. Venture Partners. Media outlets, not
July 18, 2026
Fidelis Just Sold $191.5 Million in House-Flipping Debt. Here's Why That Matters for Accredited Investors.
Fidelis Just Sold $191.5 Million in House-Flipping Debt. Here's Why That Matters for Accredited Investors. Fidelis Investors closed a $191.5 million securitization of residential transition loans on
July 18, 2026
LP-Led Secondaries and the NAV Discount: Why Fund Stakes Trade Below Reported Value
LPs selling private equity fund stakes in 2025 got 87% of reported NAV on average, and buyout stakes fetched 92% while venture stakes fetched just 78%, according to the Jefferies 2025 Global Secondary
July 18, 2026
Balbec Capital's $930M Bet on Mortgage Debt Banks Won't Touch
Balbec Capital's $930M Bet on Mortgage Debt Banks Won't Touch Balbec Capital LP just closed its seventh flagship credit fund at $930 million in committed capital, according to a Bisnow report on the
July 18, 2026
Reinsurance Sidecars: The Other Insurance-Linked Bet, and Why It's Not a Cat Bond
Reinsurance Sidecars: The Other Insurance-Linked Bet, and Why It's Not a Cat Bond A reinsurance sidecar is a temporary, fully collateralized partnership where you take a proportional slice of one rei
July 18, 2026
Moonfare Review 2026: What You're Really Paying For in Private Equity Access
TL;DR: Moonfare is a feeder-fund platform that pools smaller checks from individual accredited and qualified investors into single-LP vehicles, which then buy institutional-size stakes in private equity funds run by...
July 17, 2026
Silver Hill Energy Partners Closes $1.277B Fund V: What the Oversubscription Really Signals
TL;DR: Silver Hill Energy Partners, a Dallas-based operator, closed its fifth fund, Silver Hill Energy Partners V, at $1.277 billion on July 16, 2026, oversubscribed and backed mostly by repeat institutional investors —...
July 17, 2026