Fine Art Investment Funds: The Illiquid, High-Fee Alternative Behind the British Rail Legend
TL;DR: The British Rail Pension Fund earned roughly 13% annualized on art it bought between 1974 and 1999, spending £40 million on about 2,500 works before fully divesting by 2003. It's the single...
July 7, 2026
TeraWulf's $19 Billion Anthropic Lease: What the Bitcoin-Miner-to-AI Pivot Really Signals
According to TeraWulf's 8-K filing , the Bitcoin miner signed a 20-year lease with Anthropic PBC worth roughly $19 billion, turning a coal-country power site in Hawesville, Kentucky into what will...
July 7, 2026
Goldman Sachs Bets $110M That AI Can Make Banks' Riskiest Calls: Inside Taktile's Series C
According to PYMNTS , Taktile has raised a $110 million Series C led by the growth equity arm of Goldman Sachs Alternatives, with the round announced July 6, 2026. The company builds AI decisioning...
July 7, 2026
Trading Cards as an Alternative Asset: What the Fractional Platforms Won't Tell You About Liquidity
TL;DR: Collectable Sports Assets LLC, the SEC-registered platform that let accredited and retail investors buy fractional shares of vintage trading cards, halted secondary trading in 2024 and issued...
July 7, 2026
Merchant Cash Advance Funds: High-Yield Private Credit or Regulatory Time Bomb?
TL;DR: Merchant cash advance funds pitch accredited investors on 20-40%+ effective yield by purchasing small businesses' future credit card receivables at a discount, but the FTC has already...
July 7, 2026
PIPE Deals: How Accredited Investors Buy Public Companies at a Discount
TL;DR: On July 1, 2026, BridgeBio Pharma closed a $933.9 million PIPE (private investment in public equity) with Sixth Street and a KKR affiliate, selling Series A convertible preferred stock at...
July 7, 2026
Structured Notes: The 'Best of Both Worlds' Pitch Accredited Investors Should Interrogate
TL;DR: U.S. structured note issuance hit a record $226 billion in 2025, up 14.1% year over year, per SPI Intelligence's USA Market Report. According to the SEC's own investor bulletin on structured...
July 7, 2026
Market-Neutral Hedge Fund Strategies: How Uncorrelated Returns Actually Work
TL;DR: A market-neutral hedge fund isn't trying to beat the SP 500. It's trying to earn a small, steady spread over cash by holding roughly 50% of net assets long and 50% short, so the portfolio's bet
July 6, 2026
Moonfare Review: What Accredited Investors Actually Buy in a Feeder Fund — and What It Costs
Moonfare has scaled to 3.9 billion in assets under management with more than 5,600 investors across 24 countries , and it did it by cutting the private equity check size from the traditional $5 millio
July 6, 2026
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