Citation Capital's $1.2 Billion Debut Fund Defies the Worst PE Fundraising Drought in Years
Citation Capital closed its debut fund at $1.2 billion on July 13, 2026, hitting a $1.1 billion hard cap from outside investors plus GP and affiliate capital, according to the firm's official press...
July 19, 2026
Recallable Capital and Recycling Provisions: What They Really Cost LPs
Recycling provisions let a private equity general partner reinvest exit proceeds instead of returning them to you, and recallable capital lets the GP pull back a distribution you already banked....
July 19, 2026
Feeder Funds Explained: How Private Equity's Access Vehicles Work (and Where the Fees Hide)
TL;DR: A feeder fund is a legal pass-through that pools your money and routes it into a master private equity fund you couldn't access directly. That pass-through charges its own fee. On top of the...
July 19, 2026
Republic Review 2026: Fees, Volume, and the Accredited-Only Pivot
Republic raised only $15.6 million through Reg CF in the United States in 2024. Wefunder raised $99.4 million. StartEngine raised $85.6 million, according to Kingscrowd's 2025 crowdfunding exits and...
July 19, 2026
Agentiq's Reg A+ Bet on Ronny Cruz: Why the Fee Stack Beats the Odds
TL;DR: Agentiq wants you to buy a piece of a 20-year-old minor-league infielder's future paycheck. Ronny Cruz signed the deal in June 2026, the first athlete on the platform, giving up 10% of his...
July 19, 2026
KKR's $500 Million Bet on Thomson Reuters' Print Business Comes With a Guarantee
TL;DR: KKR, the $758 billion private equity firm, agreed on July 14, 2026 to buy 51% of Thomson Reuters' Global Print business for $500 million in cash, according to a Thomson Reuters SEC filing...
July 19, 2026
Databricks Hits $188 Billion Before the Money Even Closes
Databricks just told the world it's worth $188 billion. The money hasn't landed yet. TechCrunch reported on July 17, 2026 that Coatue is leading a new round at that price, with roughly $3 billion...
July 19, 2026
LP-Led Secondaries and the NAV Discount: Why Fund Stakes Trade Below Reported Value
LPs selling private equity fund stakes in 2025 got 87% of reported NAV on average, and buyout stakes fetched 92% while venture stakes fetched just 78%, according to the Jefferies 2025 Global Secondary
July 18, 2026
NAV Loans in Private Equity: How Fund-Level Financing Works, and the DPI Controversy LPs Need to Watch
A NAV loan is a line of credit that a private equity fund borrows against the current value of the companies it already owns, not against the money its investors still owe. The market has grown to rou
July 18, 2026
Reinsurance Sidecars: The Other Insurance-Linked Bet, and Why It's Not a Cat Bond
Reinsurance Sidecars: The Other Insurance-Linked Bet, and Why It's Not a Cat Bond A reinsurance sidecar is a temporary, fully collateralized partnership where you take a proportional slice of one rei
July 18, 2026
Fidelis Just Sold $191.5 Million in House-Flipping Debt. Here's Why That Matters for Accredited Investors.
Fidelis Just Sold $191.5 Million in House-Flipping Debt. Here's Why That Matters for Accredited Investors. Fidelis Investors closed a $191.5 million securitization of residential transition loans on
July 18, 2026
AIP Capital and Monroe Capital's $643M Aircraft ABS: What the Tranches Tell You About Aviation as Fixed Income
AIP Capital and Monroe Capital closed a $643 million aircraft asset-backed securitization on July 17, 2026. It's their first joint deal, and it packages 18 aircraft leased to 12 airlines across 10 cou
July 18, 2026