Inside S2 Capital's $211 Million Continuation Vehicle: What the Mezzanine Exchange Really Means for LPs
TL;DR: S2 Capital wants to raise $115 million (up to $130 million) from investors to recapitalize 26 Sun Belt apartment properties, 9,700 units, originally purchased for $1.26 billion. Combined with a debt-to-equity...
August 20, 2026
BDC Discounts to NAV Are Flashing a Warning the Market Won't Ignore
TL;DR: A meaningful slice of publicly traded business development companies are trading well below their stated net asset value right now, and the gap is not random noise. The median price-to-forward-NAV ratio for BDCs...
August 20, 2026
1031 Crowdfunding Review: What This DST Marketplace Actually Costs You
TL;DR: 1031 Crowdfunding is an online marketplace that aggregates Delaware Statutory Trust (DST) offerings from outside sponsors, letting accredited investors complete a 1031 exchange without buying and managing a whole...
August 20, 2026
When Family Offices Raise Outside Capital, Sophisticated Money Isn't What You Think
TL;DR: Blue Pool Capital, the family office that manages money for Alibaba co-founder Joseph Tsai, just closed its debut private equity fund, Riverside, at roughly $1.4 billion , nearly double its...
August 19, 2026
Broadwing Capital Closes Debut Fund at $440M, Defying a Brutal PE Fundraising Market
TL;DR: Broadwing Capital Management, a Dallas-based lower middle market buyout shop, closed its debut fund, Fund I, at $440 million: $90 million above its $350 million target and oversubscribed ,...
August 19, 2026
Manhattan Street Capital Review 2026: Reg A+ for Growth-Stage Companies
TL;DR: Manhattan Street Capital is a technology platform, not a broker-dealer, and it does not run Regulation Crowdfunding (Reg CF) campaigns at all. The company states plainly on its own site that...
August 19, 2026
Honeycomb Review 2026: Regulation Crowdfunding's Community-Investing Platform
TL;DR: Honeycomb Portal LLC is a real, FINRA-registered Regulation Crowdfunding funding portal (SEC File No. 7-119), but it is not an equity crowdfunding site like StartEngine or Wefunder. Honeycomb...
August 19, 2026
Lotus Infrastructure Raises $1.8 Billion: What It Means for Accredited Investors Eyeing Energy Infrastructure
TL;DR: Lotus Infrastructure Partners closed roughly $1.8 billion across its fourth flagship fund, related co-investment capacity, and a single-asset continuation vehicle, the largest capital raise in...
August 19, 2026
SEC Sues Netcapital: What the Reg CF Fraud Case Teaches Investors About Vetting Platforms, Not Just Startups
TL;DR: On August 10, 2026, the SEC sued Netcapital Inc. (Nasdaq: NCPL), the Boston-based Reg CF crowdfunding portal, alleging its consulting arm booked roughly $14 million in sham revenue from...
August 19, 2026
How to Vet an Emerging Manager's Debut Fund Before You Commit Capital
TL;DR: Before you wire a dollar to a first-time private equity or venture fund, run the checks institutional allocators run: verify the manager's track record actually belongs to them, pull their...
August 19, 2026
Form C-AR Explained: The Annual Report Reg CF Investors Should Demand
TL;DR: Form C-AR is the annual report Regulation Crowdfunding issuers owe you after you wire money into their raise, and most of them never file it. Kingscrowd's June 2, 2026 analysis found that...
August 19, 2026
What Is Fund Recapitalization? How GPs Buy Time While Investors Bear the Risk
TL;DR: Fund recapitalization ("recap") is when a general partner (GP) moves assets out of an old, underperforming fund and into a new investment vehicle, resetting the clock and often the capital...
August 19, 2026