PennantPark Raises $745 Million for a Credit Continuation Fund
PennantPark closed a $745 million GP-led credit continuation fund backed by Pantheon, moving first-lien loans from seven aging funds into PCS and giving LPs a cash-out or roll-forward option.
September 11, 2026
The SEC's $80 Million Pacific Fund Case: Seven Red Flags Every Accredited Investor Should Know
The SEC charged Bay Area fund managers Mark Hanf and Nam Phan with a Ponzi-like scheme raising $80 million from 190 mostly retired investors, leaving less than $17 million to cover $121 million owed.
September 11, 2026
Pinegrove Closes $1.5 Billion Oversubscribed VC Fund-of-Funds: What It Means for LP Access
Pinegrove Venture Partners closed a $1.5 billion oversubscribed VC fund-of-funds. Here is how the structure works, what two layers of fees actually cost, and how smaller investors can get comparable exposure.
September 11, 2026
IRS Proposes New Information-Reporting Rules for Qualified Opportunity Zone Funds
IRS rule REG-116506-25 converts the OBBBA reporting mandates into required line items for QOF managers: NAICS codes, census tracts, employee data, and investor disposal records. Penalties top $250,000.
September 11, 2026
Hercules Capital Closes $2.3 Billion Across Two Private Credit Vehicles
Hercules Adviser closed two private credit vehicles in September 2026, raising $2.3 billion. The Evergreen Fund offers perpetual LP access while Growth Lending IV follows a closed-end model.
September 11, 2026
Perpetual vs. Closed-End Private Credit Funds: An LP's Practical Guide
Same GP, same loans, two completely different mechanics. Here is how closed-end capital calls and evergreen redemption gates actually work for private credit LPs, plus a fee-by-fee breakdown.
September 11, 2026
Jefferies Credit Partners Builds $4 Billion European Direct Lending Platform Anchored by Allianz Global Investors
Jefferies Credit Partners secures approximately $4 billion in European direct lending capacity, anchored by Allianz Global Investors. Here is what this deal means for private credit LPs and independent managers.
September 11, 2026
Auction Houses Hit $9.4 Billion in H1 2026: What Single-Owner Sales and a $1 Trillion Inheritance Wave Signal for Art Investors
Christie's, Sotheby's and Phillips combined for $9.4 billion in H1 2026, but one-third of the gains came from a handful of estate sales. Here is what the data actually signals for art investors.
September 11, 2026
Private Credit's Quiet Repair Shop: Why Amend-and-Extend Is Masking Real Risk
Federal Reserve data shows PIK usage in BDC portfolios rising 67 percent over three years. Jeff Barnes examines how amend-and-extend may be masking real credit deterioration in private credit.
September 11, 2026
Arini Capital Nears $4 Billion Final Close on Debut European Direct Lending Fund
Arini Capital Management nears a $4 billion final close on its debut European direct lending fund, anchored by BCI at $200 million with a 12 to 14 percent net IRR target and a Lazard sourcing partnership.
September 11, 2026
Wells Real Estate's $56 Million Ponzi Scheme Shows What Unregistered Broker-Dealers Actually Cost You
TL;DR: In August 2026, a federal judge sentenced Joseph Wells to 20 years in prison after the SEC and federal prosecutors alleged that Wells Real
September 10, 2026
Apogem Capital Closes APEF XI at $597 Million: Why the Lower Middle Market Still Offers Real Alpha
TL;DR: On September 8, 2026, Apogem Capital closed its eleventh private equity fund, APEF XI, at its hard cap of $597 million, with $17 million
September 10, 2026