The Unregistered Finder Problem: What Every Angel Network Must Know in 2026
The legal risk around unregistered finders in private placements is not theoretical. The SEC and FINRA actively investigate and pursue enforcement actions against individuals who receive transactio...
June 22, 2026
How Family Offices Invest in Alternatives: The Allocation Blueprint for Accredited Investors
The UBS Global Family Office Report 2025 surveyed family offices managing an average of $1.6 billion in assets and found that private equity represents 21% of average global family office portfolio...
June 22, 2026
Brian Armstrong Wants a Literacy Test, Not a Wealth Test. The SEC Might Agree.
In June 2026, Coinbase CEO Brian Armstrong appeared on Yahoo Finance's Power Players podcast and called for eliminating the US accredited investor wealth thresholds, replacing them with a financial...
June 22, 2026
Key Person Risk in Private Equity: What LP Agreements Actually Protect You From
TL;DR 97% of private equity LPAs automatically suspend the investment period when a key person event occurs, but the strength of that protection depends entirely on how the provision is drafted
June 21, 2026
SEC Raises Qualified Client Thresholds June 29: Who Gets Locked Out of Performance-Fee Funds
On June 29, 2026, the SEC's inflation-adjusted thresholds for "Qualified Client" status take effect under SEC Release IA-6961 , issued April 28, 2026. The new numbers are concrete: the
June 21, 2026
Tax Treatment of Alternative Investments: Why Your K-1 Arrives in March and Costs You Money
TL;DR Your K-1 from a private equity or real estate fund will not arrive until March 15 at the earliest, and September 15 if the fund takes an extension. That means you will almost certainly need to
June 21, 2026
Percent Review 2026: 10-14% Yields on Private Credit Notes — What You're Actually Buying
TL;DR Percent.com targets 10-15% annualized yields on private credit notes. The weighted average across funded deals has come in around 14.43%, with gross returns after losses reported at
June 21, 2026
Distressed Debt Investing: What Happens When You Buy Bonds at 40 Cents
TL;DR Distressed debt means buying bonds or loans trading below 80 cents on the dollar (or yielding 1,000+ basis points over Treasuries) from forced sellers who need cash more than they need price.
June 21, 2026
Infrastructure Investing for Accredited Investors: CPI-Linked Returns and 20-Year Lock-Ups
TL;DR Private infrastructure targets 8.3%–11.0% net IRR over 2025–2034, outpacing projected U.S. equity returns of 4.8%–7.8% over the same period (Macquarie Asset Management, 2025). Accredited
June 21, 2026
CLO Investing for Accredited Investors: What the Senior Tranche Actually Pays
TL;DR The US CLO market hit $135 billion in new issuance in 2025 , up 18% year-over-year. Institutional capital is voting with real dollars. AAA CLO tranches now price at SOFR+120 , delivering
June 21, 2026
Self-Directed IRA for Alternative Investments: The Rules That Can Blow Up Your Retirement
TL;DR A self-directed IRA lets you hold real estate, private equity, crypto, and other alternative assets inside a tax-advantaged account, but the IRS rules are strict and the penalties are severe.
June 21, 2026
How an LBO Actually Works: What Private Equity Does With Your Capital
TL;DR A leveraged buyout puts acquisition debt on the target company's balance sheet, not the fund's. LPs contribute equity. The company services the interest from its own cash flows. PE buyout funds
June 21, 2026