Collateralized Fund Obligations: How Wall Street Is Securitizing Private Markets

    Collateralized Fund Obligations: How Wall Street Is Securitizing Private Markets

    TL;DR: A Collateralized Fund Obligation (CFO) is a securitization backed by a pool of private fund LP stakes, not individual loans. Churchill Asset Management and Seviora closed a $400 million CFO in

    August 1, 2026

    SEC's Blue-Sky Reform: How Eliminating 53-State Review Could Unlock REITs and BDCs

    SEC's Blue-Sky Reform: How Eliminating 53-State Review Could Unlock REITs and BDCs

    TL;DR: A coalition of 17 industry organizations filed comments on July 28, 2026 urging the SEC to preempt state blue-sky registration requirements for SEC-registered nontraded REIT and BDC offerings.

    August 1, 2026

    Wind Point Partners Fund XI Closes at $3.2B: Inside the Mid-Market Buyout Playbook

    Wind Point Partners Fund XI Closes at $3.2B: Inside the Mid-Market Buyout Playbook

    TL;DR: Wind Point Partners closed Fund XI at $3.2 billion — the largest fund in the Chicago firm's 42-year history — oversubscribed, with capital from 65+ institutions across 17 countries. The fund ta

    August 1, 2026

    Dimension Capital's $800M Fund III: The AI-Biotech Bet Attracting Serious LP Capital

    Dimension Capital's $800M Fund III: The AI-Biotech Bet Attracting Serious LP Capital

    TL;DR: Dimension Capital closed an $800 million Fund III on July 23, 2026, 60% larger than its prior $500 million fund raised just 18 months earlier. The firm's $30 million seed check in Chai Discover

    August 1, 2026

    GTCR's $1.25B Capital Solutions Fund: Why Minority Structured Equity Is Having a Moment

    GTCR's $1.25B Capital Solutions Fund: Why Minority Structured Equity Is Having a Moment

    TL;DR: GTCR, a Chicago-based private equity firm managing $45 billion in equity capital, closed its inaugural Capital Solutions Fund at $1.25 billion, targeting minority structured equity and debt pos

    August 1, 2026

    Pantheon Closes $3.2B PGCO VI: What This Record Co-Investment Close Means for LPs

    Pantheon Closes $3.2B PGCO VI: What This Record Co-Investment Close Means for LPs

    TL;DR: Pantheon closed PGCO VI at $3.2 billion on July 30, 2026, making it the firm's largest co-investment program in its 17-year history and one of the biggest standalone co-investment vehicles in p

    August 1, 2026

    Highland Europe's Fund VI: What Three $3B+ Exits Tell You About Backing Growth VC

    Highland Europe's Fund VI: What Three $3B+ Exits Tell You About Backing Growth VC

    TL;DR: Highland Europe closed its sixth fund at €1.1 billion on July 30, 2026, backed by exits that generated more than €1 billion in LP distributions in a single calendar year, including Nexthink's $

    August 1, 2026

    Index Ventures Raises $2B Across Three Funds After $3.8B Wiz Payday

    Index Ventures Raises $2B Across Three Funds After $3.8B Wiz Payday

    TL;DR: Index Ventures raised $2 billion across three new funds in August 2026 (a $400 million seed vehicle, a $900 million venture fund, and a $700 million add-on to its 2024 growth fund), bringing to

    August 1, 2026

    RAD Diversified REIT $152M SEC Fraud: What Every Real Estate Investor Should Know

    RAD Diversified REIT $152M SEC Fraud: What Every Real Estate Investor Should Know

    According to the SEC's litigation release filed July 29, 2026 , RAD Diversified REIT Inc. raised $152 million from more than 5,500 investors through unregistered securities offerings — then spent tens

    July 31, 2026

    NAV Lines of Credit: What Private Equity LPs Need to Know Before the Next Draw

    NAV Lines of Credit: What Private Equity LPs Need to Know Before the Next Draw

    According to research from the Institutional Limited Partners Association (ILPA) , the NAV financing market has grown to approximately $100 billion and is projected to reach $600 billion by 2030. If y

    July 31, 2026

    REIT Fraud Red Flags: The 10-Point Checklist Every Investor Needs

    REIT Fraud Red Flags: The 10-Point Checklist Every Investor Needs

    Two REIT enforcement actions landed in July 2026 alone: the SEC charged RAD Diversified REIT on July 29 for a $152 million fraud scheme involving 5,500+ investors , and the Texas State Securities Boar

    July 31, 2026

    How Christopher Cole Turned Volatility Into an Asset Class

    How Christopher Cole Turned Volatility Into an Asset Class

    According to Cboe Global Markets, zero-days-to-expiration options represented over 61% of all SPX options volume in 2025 — a structural shift that makes Christopher Cole's volatility research more rel

    July 31, 2026