CAIS Review 2026: The Alts Marketplace Wirehouse Advisors Actually Use
TL;DR: CAIS (caisgroup.com) is a B2B technology platform that gives independent financial advisors and RIAs access to institutional-quality alternative investments: hedge funds, private equity, private credit, real...
August 15, 2026
Master Limited Partnerships Explained: How MLPs Let Accredited Investors Access Energy Infrastructure Cash Flow
TL;DR: A master limited partnership (MLP) is a publicly traded partnership that combines stock-market liquidity with partnership tax advantages. Income passes through directly to you as a limited partner (LP) rather...
August 15, 2026
The 300% Asset Coverage Test: The Leverage Rule Behind Every BDC and Interval Fund
TL;DR: The asset coverage test is the single most important leverage constraint you will find in a business development company (BDC) or interval fund prospectus. Under Section 18 of the Investment Company Act of 1940...
August 15, 2026
UBS's New Interval Fund Seeding Trick: Reorganizing an Existing Credit Partnership Into a Registered Vehicle
TL;DR: UBS Asset Management filed registration documents for the UBS Asset Management Credit Income Opportunities Fund, a non-diversified, closed-end interval fund organized as a Delaware statutory trust on July 9,...
August 15, 2026
Apollo Debt Solutions BDC's $514.9M CLO Close Amid Record Redemption Demand
Apollo Debt Solutions BDC closed a $514.9 million term debt securitization on August 6, 2026, the same week it confirmed that redemption demand had hit its highest level since the fund launched in 2022. According to...
August 15, 2026
Homestead Capital's $1.8B Agriculture Platform: Inside the First Close of Its $350M Private Credit Fund
On August 14, 2026, San Francisco-based Homestead Capital closed the first tranche of its debut commingled agriculture private credit fund, pulling in a $150 million anchor commitment from the private credit team of a...
August 15, 2026
Ares' $12.7 Billion Pathfinder III and the Rise of Asset-Based Finance
Ares Management closed its Pathfinder III fund at $12.7 billion in August 2026, the fastest fundraise in the firm's alternative credit history, according to Alternative Credit Investor . The fund's...
August 14, 2026
Whiskey Cask Tokenization: A Real Alternative Asset or Just a Digital Wrapper on Old Risks
Marrowbone Lane, an Irish whiskey producer, is piloting blockchain-based fractional cask ownership in the UAE starting around £100 per investor, a fraction of the £3,500 to £8,500 you'd normally pay...
August 14, 2026
RCS's $350M Contrarian Office Fund: Bottom Call or Falling Knife?
Real Capital Solutions (RCS) just launched a $350 million "Contrarian Office Fund" seeded with a personal $50 million check from CEO Marcel Arsenault, and it plans to use roughly 2.4x leverage to buy...
August 14, 2026
Private Credit's Split Screen: Institutional Records vs. Retail BDC Redemptions
Private credit ran two completely different playbooks in the first half of 2026. Institutional LPs closed a record ~$190 billion into private credit funds, up 53% year over year, according to With...
August 14, 2026
SEC vs. Adit Ventures: A Pre-IPO SPV Fraud Case Study for Accredited Investors
On March 24, 2026, the SEC charged Adit Ventures Management, founder Eric Munson, and three affiliated general partners with defrauding pre-IPO fund investors across more than 60 special purpose...
August 14, 2026
SEC Approves FINRA Rule Changes Easing Capital Rules for Non-Traded REITs and DPPs
On July 24, 2026, the SEC approved FINRA rule amendments to Rule 5110 and Rule 5123 that make it easier for underwriter affiliates to put capital into non-traded REITs and direct participation...
August 14, 2026