UBTI and UBIT: The Hidden Tax Trap in Self-Directed IRA Alternative Investments
Here is the number that catches most self-directed IRA investors off guard. A trust hits the top 37% federal tax bracket at just $16,000 of income. Not $16 million. Sixteen thousand dollars....
July 11, 2026
Subscription Lines of Credit: How Sub Lines Distort Reported PE/VC Fund IRR
A six-month delay in calling capital can add close to two full percentage points to a private equity fund's reported IRR without changing a single dollar of profit. According to the Kenan...
July 11, 2026
B Capital and CalPERS Just Bought Russell Investments. Here's Why That Matters More Than the Price Tag
According to Axios , B Capital and CalPERS agreed on July 9 to buy Russell Investments from TA Associates and Reverence Capital Partners in a deal reportedly worth $2.8 billion. Russell manages...
July 11, 2026
Ardent's Self-Storage Continuation Vehicle: What LPs Should Ask StepStone Deal
The Ardent Companies just closed a GP-led continuation vehicle backed by StepStone Group, seeded with eight self-storage assets and structured to deliver the first exit for Fund II investors and...
July 11, 2026
400 Capital's $1.5B OceanFirst Deal Is the First US Mortgage SRT
A $1.5 billion pile of residential mortgages just moved risk off a New Jersey bank's books without a single loan changing hands. According to BusinessWire's July 8, 2026 announcement , 400...
July 11, 2026
Risk Parity Explained: How Bridgewater's All Weather Strategy Broke in 2022
Bridgewater Associates' All Weather fund lost roughly 22% in 2022. That's worse than its drawdown in the 2008 financial crisis, when the fund fell about 20%. According to Markov Processes...
July 11, 2026
Activist Hedge Fund Investing: How Shareholder Activists Force Change and Unlock Value
Elliott Management spent two months in private talks with Synopsys (NASDAQ: SNPS) before the chip-design software maker agreed, on May 26, 2026, to put Elliott partner Jesse Cohn on its board....
July 11, 2026
EQT's $2.6 Billion Copia Power Deal Shows Capital Rotating Into AI's Power Layer
EQT Infrastructure is paying roughly $2.6 billion for Copia Power, and Carlyle is walking away with close to five times what it put in five years ago. According to IPE Real Assets , the deal...
July 11, 2026
Lyzr Let Its AI Agent Run a $100M Raise. Who Checked What It Said?
TL;DR: Lyzr, an AI agent startup, let its own agent named SivaClaw field questions from more than 130 investors and draft investment memos during its $100M Series B raise. The round priced at roughly...
July 10, 2026
Russell Investments' $416B Platform Sold to B Capital-CalPERS Consortium
TL;DR: A consortium led by B Capital, a $12B Singapore-based venture capital firm, is acquiring Russell Investments, a 90-year-old asset manager with $416B in global AUM and $23B parked in...
July 10, 2026
Arrived Homes Review: Fees, Realized Dividends, and the 2024 Washington Consent Order
TL;DR: Arrived Homes lets you buy fractional shares of single-family rental houses for as little as $100, no accreditation required, and it has real backers (Jeff Bezos, through Bezos Expeditions)....
July 10, 2026
Private Equity Secondaries Hit $226-240B in 2025: What the Discount-to-NAV Data Really Shows
TL;DR: The private equity secondary market hit a record $226 billion to $240 billion in 2025, up 41% to 48% year over year, depending on whether you trust Evercore's or Jefferies' count. Roughly half...
July 10, 2026