Liquid Alternative Funds: Hedge Fund Strategies for Everyday Investors
TL;DR: Liquid alternative funds promise hedge fund strategies with the daily liquidity of a mutual fund. From June 2006 to June 2022, the average liquid alt fund trailed global stocks by 4.2 percentag
July 9, 2026
Royalty Exchange Review 2026: Buying Music Royalties as an Alternative Asset
TL;DR: Royalty Exchange has brokered more than $200 million across 2,000-plus royalty transactions since it opened its marketplace, drawing in over 30,000 registered investors who bid on income stream
July 9, 2026
Vista Equity and Quinti Capital Reportedly Offer 50%+ Premium to Take Criteo Private
TL;DR: Bloomberg and Reuters sources say Vista Equity Partners and Quinti Capital have offered more than a 50% premium to take Criteo (Nasdaq: CRTO) private, in a deal reportedly worth roughly $3.7 bi
July 8, 2026
AI Mega-Round Valuations Are a Warning Sign, Not a Green Light, for Accredited Investors
TL;DR: SambaNova jumping from a $1.6 billion Intel acquisition price to an $11 billion Series F in seven months, and Norm hitting a $1.2 billion "unicorn" tag on just $260 million raised in under thre
July 8, 2026
Non-Traded REIT Redemption Gates: What BREIT's 15-Month Freeze Teaches You
TL;DR: Non-traded REITs advertise monthly redemption windows, but nearly all of them cap payouts at 2% of net asset value per month and 5% per quarter. When redemption requests exceed those caps, the
July 8, 2026
Blackstone's Dresser Utility Solutions Buy: Inside a $28B Energy Transition PE Playbook
TL;DR: On July 6, 2026, Blackstone Energy Transition Partners agreed to buy Dresser Utility Solutions, a 145-year-old Houston-based maker of gas and water metering and instrumentation equipment, from
July 8, 2026
SambaNova Raises $1B at $11B Valuation Months After Intel Talks Collapsed
TL;DR: SambaNova Systems just closed the first tranche of a Series F round: $1 billion at an $11 billion valuation, led by General Atlantic, with a second close still pending more investors as of July
July 8, 2026
Convertible Arbitrage, Decoded: How Hedge Funds Trade Mispriced Options
TL;DR: Convertible arbitrage is a hedge fund strategy that buys a company's convertible bonds while short-selling its common stock to isolate and harvest a cheap embedded call option. The trade has co
July 8, 2026
What Is a Merger Sub? Inside the $4.5B Crinetics/Vertex Deal
TL;DR: A "Merger Sub" is a temporary shell company an acquirer creates to execute a merger, then dissolves the moment the deal closes. In the July 2026 Vertex Pharmaceuticals acquisition of Crinetics
July 8, 2026
Infrastructure Debt Investing: How Accredited Investors Can Fund the AI Data-Center Boom
TL;DR: Infrastructure debt means lending money, as a senior secured loan or a mezzanine tranche, against essential physical assets: toll roads, power grids, pipelines, and increasingly AI data centers
July 8, 2026
Norm AI Hits $1.2B Unicorn Status as New York Life, TIAA Back $120M Series C
TL;DR: Norm AI, a compliance-automation startup that translates regulations into machine-readable rules for large enterprises, closed a $120 million Series C on July 7, 2026, at a $1.2 billion valuati
July 8, 2026
Forge Global Review 2026: What Pre-IPO Secondaries Actually Cost You
TL;DR: Forge Global is the largest independent marketplace for trading shares in companies that have not gone public yet. Think pre-IPO stakes in the SpaceXs and Stripes of the world, bought and sold
July 8, 2026