CFTC's Reversal on Gemini: What a Vacated 2022 Case Reveals About the New Enforcement Playbook
TL;DR: The CFTC and Gemini just jointly asked a federal court to vacate the 2022 consent order that made Gemini a poster child for crypto enforcement overreach. The agency admits the case relied on a...
July 15, 2026
Nuveen's $58.7M NREX I: What an Institutional DST Actually Costs You
TL;DR: Nuveen closed its NREX I Delaware Statutory Trust at $58.7 million, packaging three fully-leased Class A light-industrial buildings in Minneapolis (405,756 square feet) into a 1031 exchange veh
July 14, 2026
Chicago Atlantic's $62.5M Koach Deal Shows What Cannabis Real Estate Credit Actually Pays
TL;DR: Chicago Atlantic Real Estate Finance (REFI) just issued 4.3 million shares to Koach Capital in exchange for $62.5 million of second-lien notes secured by 32 cannabis retail properties. The note
July 14, 2026
Rithm Property Trust's New Stock Offering: The Sponsor Is Buying Both Sides of This Multifamily Bet
TL;DR: Rithm Property Trust (NYSE: RPT) filed to sell new common stock to help fund a roughly $951.1 million pile of multifamily construction and bridge loans it's buying from an affiliate, Genesis Ca
July 14, 2026
The $138 Million Warning: How One Adviser Sold Clients Funds He Secretly Controlled
TL;DR: Vincent Camarda ran A.G. Morgan Financial Advisors and also owned the five private funds he sold to his own advisory clients. The SEC says he raised at least $138 million from 431 investors, pu
July 14, 2026
The SEC's New Retail Fraud Working Group Is a 2017 Rerun, and the Numbers Say Watch Closely
TL;DR: The SEC created a new Retail Fraud Working Group on July 7, 2026, led by Kate Zoladz, Kim Frederick, and David Woodcock. It is a near-copy of the Retail Strategy Task Force that Jay Clayton lau
July 14, 2026
Cove Capital Investments Review: Debt-Free DST Model, Unverified Track Record
TL;DR: Cove Capital Investments is a Torrance, California DST sponsor founded in 2012 by Dwight Kay and Chay Lapin, built around an all-cash, debt-free acquisition model that removes lender foreclosur
July 14, 2026
Non-Traded REIT Share Classes Explained: What Every Letter Really Costs You
TL;DR: A non-traded REIT's share class letter tells you almost nothing about the property portfolio and almost everything about who gets paid to sell it to you. Fortress Credit Realty Income Trust jus
July 14, 2026
Elevation Capital's $500M Fund IX Bets on India's AI App Layer
Elevation Capital just closed a $500M fund to back seed and Series A AI startups in India, and paired it with a $400M late-stage vehicle for $900M in total firepower. Check sizes at the earliest stage
July 14, 2026
Acurio Ventures' €115M Secondaries Fund: What VC Secondaries Actually Are, and Whether US Investors Have an Equivalent
TL;DR: Bilbao-based Acurio Ventures closed a €115 million fund built entirely to buy stakes in European VC funds from LPs who want out early, a corner of the market called "VC secondaries." Acurio say
July 14, 2026
Citation Capital's $1.2 Billion Debut Fund: Inside the Largest Female-Founded Buyout Raise Ever
TL;DR: Citation Capital, a Dallas and Greenwich-based buyout shop founded by two former Goldman Sachs and BDT Capital dealmakers, closed its first fund at $1.2 billion, hit its hard cap, and is now si
July 14, 2026
Churchill and Seviora's $400 Million CFO: What It Is, and Why You Can't Own It
TL;DR: Churchill Asset Management and Seviora Holdings closed a roughly $400 million collateralized fund obligation (CFO) on July 13, 2026, blending Churchill's U.S. private equity and junior cap
July 13, 2026