Goldman Sachs Just Bought a $3 Billion Triple-Net Lease Shop. Here Is What It Tells You.
TL;DR: Goldman Sachs agreed to buy LCN Capital Partners, a triple-net-lease specialist managing roughly $3 billion, for approximately $260 million upfront plus up to $150 million tied to long-term performance targets,...
August 20, 2026
Reach Capital's $265 Million Fund V: What Patient Capital Is Really Betting On
Reach Capital closed a $265 million Fund V on August 18, 2026, its largest fund in 11 years. TechCrunch reported that the San Francisco firm will write $1 million to $10 million checks into roughly 50 AI companies over...
August 20, 2026
What a 721 UPREIT Exchange Actually Is: Inside JLL Income Property Trust's $1.5B Track Record
On August 18, 2026, JLL Income Property Trust completed its 20th full-cycle 721 UPREIT transaction, converting a two-property Delaware Statutory Trust worth about $1.3 million more than when it was syndicated into...
August 20, 2026
The SBA Killed the Zero-Down Acquisition: What SOP 50 10 8 Actually Requires
TL;DR: Zero-down SBA acquisitions are dead. As of June 1, 2025, SOP 50 10 8 requires a minimum 10% cash equity injection on every SBA 7(a) change-of-ownership or startup loan, measured against total project costs, not...
August 20, 2026
BDC Discounts to NAV Are Flashing a Warning the Market Won't Ignore
TL;DR: A meaningful slice of publicly traded business development companies are trading well below their stated net asset value right now, and the gap is not random noise. The median price-to-forward-NAV ratio for BDCs...
August 20, 2026
1031 Crowdfunding Review: What This DST Marketplace Actually Costs You
TL;DR: 1031 Crowdfunding is an online marketplace that aggregates Delaware Statutory Trust (DST) offerings from outside sponsors, letting accredited investors complete a 1031 exchange without buying and managing a whole...
August 20, 2026
Inside S2 Capital's $211 Million Continuation Vehicle: What the Mezzanine Exchange Really Means for LPs
TL;DR: S2 Capital wants to raise $115 million (up to $130 million) from investors to recapitalize 26 Sun Belt apartment properties, 9,700 units, originally purchased for $1.26 billion. Combined with a debt-to-equity...
August 20, 2026
The Emerging-Manager Debut Fund Boom of 2026: What the Data Actually Shows
TL;DR: Three unrelated firms closed debut or early-numbered funds in a single 48-hour window this month, oversubscribed or at hard cap. That is not luck. It is the sharp end of a barbell market where PitchBook found US...
August 20, 2026
SEC Sues Netcapital: What the Reg CF Fraud Case Teaches Investors About Vetting Platforms, Not Just Startups
TL;DR: On August 10, 2026, the SEC sued Netcapital Inc. (Nasdaq: NCPL), the Boston-based Reg CF crowdfunding portal, alleging its consulting arm booked roughly $14 million in sham revenue from...
August 19, 2026
Form C-AR Explained: The Annual Report Reg CF Investors Should Demand
TL;DR: Form C-AR is the annual report Regulation Crowdfunding issuers owe you after you wire money into their raise, and most of them never file it. Kingscrowd's June 2, 2026 analysis found that...
August 19, 2026
Lotus Infrastructure Raises $1.8 Billion: What It Means for Accredited Investors Eyeing Energy Infrastructure
TL;DR: Lotus Infrastructure Partners closed roughly $1.8 billion across its fourth flagship fund, related co-investment capacity, and a single-asset continuation vehicle, the largest capital raise in...
August 19, 2026
When Family Offices Raise Outside Capital, Sophisticated Money Isn't What You Think
TL;DR: Blue Pool Capital, the family office that manages money for Alibaba co-founder Joseph Tsai, just closed its debut private equity fund, Riverside, at roughly $1.4 billion , nearly double its...
August 19, 2026