SEC Charges Tricolor Executives: How $800M in Phantom Collateral Sank a $1.9B ABS Program
TL;DR: The SEC charged three former executives of Tricolor Holdings with fraud after the Dallas-based subprime auto lender raised more than $1.9 billion from investors by pledging the same car loans a
August 23, 2026
Cityfunds by Nada Review 2026: $100 City-Indexed Home Equity — Novel Structure, Thin Track Record
TL;DR: Cityfunds by Nada lets you buy fractional exposure to residential home equity in specific U.S. cities for as little as $100. The structure is genuinely novel, the fees are reasonable, and the N
August 23, 2026
BDC Non-Accrual Rates Hit 3.95% in Q2 2026 — and the Adjusted Figure Is 50% Higher
TL;DR: The ten largest publicly traded BDCs reported an aggregate non-accrual rate of 3.95% at amortized cost in Q2 2026, up 20 basis points quarter-over-quarter. The adjusted figure, which counts all
August 23, 2026
8-Step Checklist to Vet a Pre-IPO SPV Sponsor Before Committing Capital
TL;DR: In August 2026, the SEC sued Andrew Spaventa for running a $74 million pre-IPO boiler room that charged investors unit prices up to 91% above his actual acquisition cost, and separately sued Er
August 23, 2026
Arctos Partners Buys 10% of Atlanta Falcons at $10B+ Valuation: What NFL Private Equity Means for Investors
TL;DR: Arctos Partners is buying a 10% stake in the Atlanta Falcons at a valuation just over $10 billion, making this the firm's fourth NFL team and pushing its total sports assets past $11 billion. A
August 23, 2026
Oakley Capital's Fund VI Bet on Graphwise: What PE's Pivot to Enterprise AI Infrastructure Means for You
TL;DR: On August 19, 2026, Oakley Capital announced a majority-stake acquisition of Graphwise through its Fund VI, a EUR 4.5 billion vehicle that closed at hard cap. Graphwise is a Vienna- and Sofia-b
August 22, 2026
Private Equity Fundraising Just Posted Its Fourth Straight Annual Decline, and the Real Story Is Who's Getting Shut Out
TL;DR: Global private equity fundraising fell to roughly $398–$408 billion in 2025, its fourth consecutive annual decline and the weakest total in over a decade. But the headline number buries the rea
August 22, 2026
Francisco Partners Is Taking Weave Communications Private for $650M. Here Is What That Means for Small-Cap Software Investors.
TL;DR: Francisco Partners announced on August 18, 2026 that it will acquire Weave Communications (NYSE: WEAV) in an all-cash deal worth roughly $650 million, or $7.40 per share — a 34% premium to Weav
August 22, 2026
Destiny Tech100 (DXYZ) Review 2026
TL;DR: Destiny Tech100 (NYSE: DXYZ) lets you buy into SpaceX, OpenAI, and Anthropic through a regular brokerage account with no accreditation required. That access is real. As of May 2026, the fund's
August 22, 2026
The Continuation Fund Conflict Wave Is Just Getting Started
TL;DR: Only 3 of 43 LP Advisory Board members voted to approve a $1.5 billion continuation vehicle, and the deal closed anyway. That single data point from ADIC v. EMG, Delaware Court of Chancery, C.A
August 22, 2026
Castelion's $1.05B Series C: Why Carlyle and JPMorgan Are Now Co-Leading Venture Defense Rounds
TL;DR: On August 19, 2026, hypersonic missile startup Castelion closed a $1.05 billion Series C — structured as $800 million in equity plus a $250 million revolving credit facility — at a $13 billion
August 22, 2026
Fee Transparency Is Now a Competence Test, Not a Back-Office Detail
TL;DR: Fee transparency has become an early competence signal in private-fund fundraising. As global private-equity fundraising declined in 2025 , professional LPs increasingly read a manager's fee di
August 22, 2026