WAD Capital: Institutionalizing the European Search Fund
By Jeff Barnes, MBA TL;DR: Belgium-based WAD Capital has reached a €67.5 million first close for its debut fund, with €25 million committed by the European Investment Fund (EIF) and European Investmen
September 8, 2026
Capital Call Terms: What Every First-Time LP Must Check
Capital call mechanics are the clause cluster in a limited partnership agreement (LPA) most first-time limited partners (LPs) skim and most later regret. Read the commitment period, drawdown notice, a
September 8, 2026
The $95M Fund Betting on Texas Power Queue Collateral
Dynamix Capital Partners has closed the SSSC Batch Zero Fund, a $95 million vehicle engineered to post security deposits on behalf of landowners and developers competing for power allocations in ERCOT
September 8, 2026
How to Read a BDC's NAV Markdown Before You Panic: A Checklist
In January 2026, BlackRock TCP Capital Corp. (TCPC) filed an off-cycle disclosure warning that its net asset value per share would fall approximately 19% in a single quarter, from $8.71 to between $7.
September 7, 2026
Bain Capital's $250 Million Playfly Loan: A Private Credit Case Study for Accredited Investors
On September 3, 2026, Bain Capital's private credit group closed a $250 million senior credit facility for Playfly Sports, a sports media and sponsorship rights company owned by Baltimore-based privat
September 7, 2026
Carta Review 2026: What Happened After Carta Killed Its Own Secondary Market
Carta manages equity ownership records for approximately 40,000 startups and reported roughly $370 million in combined annual revenue as of early 2024, split across cap table software ($250 million),
September 7, 2026
Wall Street Built Two Evergreen Fund Structures. Institutions Got the Illiquid One. Retail Got the Redemption Gate.
On September 7, 2026, Alternative Credit Investor reported that Bridgepoint has set up Bridgepoint Direct Lending Evergreen in Luxembourg, a perpetual private credit vehicle for institutional investor
September 7, 2026
What Is a Club Deal in Private Equity?
When KKR, Texas Pacific Group, and Goldman Sachs Capital Partners pooled their capital to take Texas utility TXU Corp. private in February 2007, the total deal value reached $45 billion, making it the
September 7, 2026
Cherubic Ventures Closes $68.88 Million Fund VI: What Solo GPs and AI Follow-On Velocity Signal for Accredited Investors
On September 1, 2026, Cherubic Ventures closed its sixth fund at exactly $68.88 million, a figure the Taipei-founded firm chose deliberately because the number eight carries associations with prosperi
September 7, 2026
Middle-Market Private Equity Fundraising Hits a Six-Year Low: What the Data Means for LPs
US middle-market private equity fundraising collapsed to $94.8 billion in 2025, a 43.3% single-year decline and the lowest total since 2020, while the number of funds that reached a final close droppe
September 7, 2026
Claret Capital Closes €575M Fund IV Using ELTIF to Bring Private Wealth Into European Growth Debt
Claret Capital Partners closed its fourth European growth debt fund at €575 million on September 7, 2026, beating a €500 million target and, for the first time, bringing private wealth investors into
September 7, 2026
AngelList Review 2026: How Syndicates and Rolling Funds Actually Work for Accredited Investors
AngelList is fully operational in 2026. After spinning its talent business off as the independent company Wellfound in January 2023, the platform refocused entirely on venture infrastructure. It now h
September 7, 2026