Churchill and Seviora's $400 Million CFO: What It Is, and Why You Can't Own It

    Churchill and Seviora's $400 Million CFO: What It Is, and Why You Can't Own It

    TL;DR: Churchill Asset Management and Seviora Holdings closed a roughly $400 million collateralized fund obligation (CFO) on July 13, 2026, blending Churchill's U.S. private equity and junior cap

    July 13, 2026

    Private Credit's Mega-Fund Problem: Five Managers Raised $64 Billion While Retail BDCs Hit Redemption Walls

    Private Credit's Mega-Fund Problem: Five Managers Raised $64 Billion While Retail BDCs Hit Redemption Walls

    Five managers pulled in more than $64 billion in fresh private credit commitments during the first half of 2026. Barings raised $19 billion, Churchill Asset Management raised $16 billion, Crescen

    July 13, 2026

    Mavik Capital's $1B Bet on Distressed CRE: What the 2026 Maturity Wall Means for You

    Mavik Capital's $1B Bet on Distressed CRE: What the 2026 Maturity Wall Means for You

    Mavik Capital Management is out raising $1 billion for a new fund, VS3, built to buy distressed commercial real estate and commercial mortgage-backed securities (CMBS) before the 2026 loan maturi

    July 13, 2026

    Revenue-Based Financing for Accredited Investors: How RBF Deals Actually Work in 2026

    Revenue-Based Financing for Accredited Investors: How RBF Deals Actually Work in 2026

    A SaaS company with $2M in ARR takes a $600,000 advance from Lighter Capital. The repayment cap sits at 1.5x principal, so the company owes $900,000 total. Monthly royalty payments run 6% of reve

    July 13, 2026

    Regulation A+ Offerings Explained: The Accredited (and Non-Accredited) Investor Guide for 2026

    Regulation A+ Offerings Explained: The Accredited (and Non-Accredited) Investor Guide for 2026

    Regulation A+ is the SEC exemption that lets a private company raise up to $75 million in a 12-month period from both accredited and non-accredited investors without running a full-blown IPO regi

    July 13, 2026

    Whisky Cask Investing: The Alternative Asset With a Fraud Problem

    Whisky Cask Investing: The Alternative Asset With a Fraud Problem

    Alison Cocks has terminal cancer. She spent £103,000 buying whisky casks she thought would fund her family's future, money handed to Cask Whisky Ltd, a firm run by Craig Brooks, a man later expos

    July 13, 2026

    Aircraft Leasing Funds for Accredited Investors: The Real Access Points in 2026

    Aircraft Leasing Funds for Accredited Investors: The Real Access Points in 2026

    AE Industrial Partners Aerospace Leasing Fund II, LP filed an SEC Form D for a $300 million offering, and by the time the filing hit EDGAR the fund had already pulled in roughly $209 million of i

    July 13, 2026

    The Informed Investor Access Act: What Advisor-Verified Accreditation Really Changes

    The Informed Investor Access Act: What Advisor-Verified Accreditation Really Changes

    Rep. Troy Downing wants your financial advisor to decide whether you're sophisticated enough to buy a private placement. His bill, the Informed Investor Access Act, would let a registered investment a

    July 12, 2026

    Percent Review 2026: Is This Private Credit Marketplace Right for You?

    Percent Review 2026: Is This Private Credit Marketplace Right for You?

    Percent is a deal-by-deal private credit marketplace built for accredited investors who want to pick individual loans instead of buying into a fund. As of March 31, 2026, the platform has funded $1.95

    July 12, 2026

    Ares Core Infrastructure Fund's $1.11B July Raise Signals a Wealth-Channel Land Grab

    Ares Core Infrastructure Fund's $1.11B July Raise Signals a Wealth-Channel Land Grab

    Ares Management pulled in $1.11 billion for its Core Infrastructure Fund in July 2026. That's the single largest monthly haul the fund has posted since launch, and it beats June's $851.3 million by 30

    July 12, 2026

    The BDC Redemption Crisis: Why $15.6 Billion Couldn't Get Out in Q2 2026

    The BDC Redemption Crisis: Why $15.6 Billion Couldn't Get Out in Q2 2026

    Investors asked private credit funds for $15.6 billion back in the second quarter of 2026. Ten of the 16 business development companies that Fitch Ratings tracks couldn't pay it. Their quarterly redem

    July 12, 2026

    HarbourVest's $4.75B Co-Investment Close Signals a New High in LP Demand

    HarbourVest's $4.75B Co-Investment Close Signals a New High in LP Demand

    HarbourVest Partners just closed its seventh direct co-investment program, HCF VII, at $4.75 billion. That's 19% above the fund's original $4 billion target. When a program this size clears its hard c

    July 12, 2026