Deal-by-Deal vs Fund-Level Carry Waterfalls: The Structural Risk Hiding Behind the Headline Carry Rate
TL;DR: 64% of North American buyout funds still use an American, deal-by-deal carry waterfall, versus just 36% on a whole-fund European structure, according to Proskauer's 2026 "Under the Microscope"
July 6, 2026
Structured Settlement Factoring as an Alternative Fixed-Income Asset Class
J.G. Wentworth's securitization vehicle bought structured settlement payment streams from injury victims and lottery winners at an average 10.92% discount rate, then repackaged those same cash flows i
July 6, 2026
SEC Rule 144A: The Institutional Safe Harbor Behind Your Private Credit Fund's Portfolio
A qualified institutional buyer needs $100 million parked in securities before it can touch a Rule 144A bond. You don't have that. But if you own shares in Barings BDC (NYSE: BBDC) or a private credit
July 6, 2026
The 721 Exchange: How Accredited Investors Turn a 1031-DST Into Liquid REIT Shares
DST equity raised hit $8.41 billion in 2025, up 49% year-over-year from $5.66 billion in 2024, and Mountain Dell Consulting projects $10-11 billion for 2026 — a big chunk of that capital is chasing a
July 6, 2026
Stonepeak Infrastructure Credit Fund II's 3(c)(7) Filing Wave: What the Qualified-Purchaser Wall Means for Accredited Investors Chasing the AI Power Buildout
On July 2, 2026, Stonepeak filed a Form D for Stonepeak Infrastructure Credit Fund II LP, an infrastructure credit vehicle relying on Investment Company Act Section 3(c)(7) — meaning it can only accep
July 6, 2026
CarbonSix's $40M Series A and the Rise of Korean-Backed 'Physical AI' Manufacturing Robotics
CarbonSix, a San Francisco-based physical AI robotics startup, closed a $40M Series A on July 1, 2026, co-led by two South Korean venture firms, DSC Investment and LB Investment, with fresh capital fr
July 6, 2026
BlueFive Capital Co-Leads $3B Kling AI Round: Gulf Capital's China AI Bet Locks Out US Accredited Investors
TL;DR: On July 2, 2026, Abu Dhabi-based BlueFive Capital co-led a $3 billion funding round for Kling AI, the video-generation unit of Chinese short-video giant Kuaishou, pushing its post-money valuati
July 6, 2026
Hamilton Lane Closes $3.8B Equity Opportunities Fund VI: What It Actually Means for Accredited Investors
Hamilton Lane just closed its sixth direct equity fund, Equity Opportunities Fund VI, at $3.8 billion raised in and alongside the fund — up 81% from the $2.1 billion its predecessor collected. That's
July 6, 2026
Hayfin's €15 Billion Fund Close Shows Where Smart Money Hides From Private Credit Liquidity Risk
Hayfin's €15B Direct Lending Fund V close reveals why institutions avoid semi-liquid BDCs. What accredited investors must know before allocating.
July 5, 2026
CVC's Sweet Tooth: Inside a $12B Bet on Food Ingredients
CVC bought Irca from Advent five weeks after buying IFF's ingredients unit for $4.3B. Here's what LPs in Fund IX should ask about this platform bet.
July 5, 2026
Why the $30 Trillion Alternatives Forecast Is Marketing, Not Math
BlackRock owns Preqin, the source of the '$30T by 2030' alternatives forecast, while PE fundraising hits a 7-year low. Here's the math they're not showing you.
July 5, 2026
RealtyMogul Review 2026: Low Minimums, Frozen Redemptions, and a Distribution Cut You Need to See
RealtyMogul's REITs cut distributions and froze redemptions in April 2026. Here's the fee breakdown, NAV data, and who should actually use this platform.
July 5, 2026