Deferred Sales Trusts as a 1031 Alternative: How IRC 453 Installment Sale Structures Really Work
According to Kitces.com , no IRS revenue ruling or regulation has ever validated the trust-intermediary structure that promoters market as a "Deferred Sales Trust," even though the marketing...
July 20, 2026
JPMorgan's MONY Fund, Seven Months In: What Its Tokenized Money Market Fund Actually Proves
TL;DR: JPMorgan's MONY fund has been trading on public Ethereum for seven months now, and the early data tells you exactly who tokenization is built for. It's not you. According to JPMorgan...
July 20, 2026
Uplift Investors Closes Debut Fund at $670M Hard Cap: What the Ex-H.I.G. Trio's Raise Says About LP Risk Appetite
TL;DR: Uplift Investors, a private equity firm founded in March 2025 by three former H.I.G. Capital executives, closed its debut fund at a $670 million hard cap on July 16, 2026. Fund I was...
July 20, 2026
Lakestar's $300M Resilience I Fund Signals a New Race in European Defense Tech
TL;DR: Lakestar just closed Resilience I, a €262.2M ($300M) fund built to back European defense and dual-use startups, the largest institutional VC vehicle of its kind on the continent. You...
July 20, 2026
Databricks Hits $188 Billion Before the Money Even Closes
Databricks just told the world it's worth $188 billion. The money hasn't landed yet. TechCrunch reported on July 17, 2026 that Coatue is leading a new round at that price, with roughly $3 billion...
July 19, 2026
Citation Capital's $1.2 Billion Debut Fund Defies the Worst PE Fundraising Drought in Years
Citation Capital closed its debut fund at $1.2 billion on July 13, 2026, hitting a $1.1 billion hard cap from outside investors plus GP and affiliate capital, according to the firm's official press...
July 19, 2026
BDC Dividend Cuts Accelerate in 2026 as Coverage Ratios Slip Below 1x
TL;DR: The median business development company posted dividend coverage of 0.99x in the first quarter of 2026, and just 0.89x once you strip out payment-in-kind interest, according to a...
July 19, 2026
Titan Invest Review 2026: Hedge-Fund-Style Marketing Meets a $1M SEC Settlement
TL;DR: Titan Invest markets itself as "hedge fund investing for the rest of us." You get in for $500, pay a flat 0.40% advisory fee, and Titan handles the rest. I like the pitch. I do not like the...
July 19, 2026
Recallable Capital and Recycling Provisions: What They Really Cost LPs
Recycling provisions let a private equity general partner reinvest exit proceeds instead of returning them to you, and recallable capital lets the GP pull back a distribution you already banked....
July 19, 2026
Republic Review 2026: Fees, Volume, and the Accredited-Only Pivot
Republic raised only $15.6 million through Reg CF in the United States in 2024. Wefunder raised $99.4 million. StartEngine raised $85.6 million, according to Kingscrowd's 2025 crowdfunding exits and...
July 19, 2026
KKR's $500 Million Bet on Thomson Reuters' Print Business Comes With a Guarantee
TL;DR: KKR, the $758 billion private equity firm, agreed on July 14, 2026 to buy 51% of Thomson Reuters' Global Print business for $500 million in cash, according to a Thomson Reuters SEC filing...
July 19, 2026
Feeder Funds Explained: How Private Equity's Access Vehicles Work (and Where the Fees Hide)
TL;DR: A feeder fund is a legal pass-through that pools your money and routes it into a master private equity fund you couldn't access directly. That pass-through charges its own fee. On top of the...
July 19, 2026