Balbec Capital's $930M Bet on Mortgage Debt Banks Won't Touch
Balbec Capital's $930M Bet on Mortgage Debt Banks Won't Touch Balbec Capital LP just closed its seventh flagship credit fund at $930 million in committed capital, according to a Bisnow report on the
July 18, 2026
iCapital Review 2026: The Infrastructure Behind Your Advisor's Alt-Investment Menu
TL;DR: iCapital is not a platform you join. It is the back-end infrastructure that lets your bank or wealth advisor put private equity, private credit, and hedge funds on a menu for you to choose from
July 18, 2026
Neko Health's $700M Series C: A 4x Markup in 18 Months, But Whose $7 Billion Is It?
TL;DR: Neko Health, the full-body scanning startup co-founded by Spotify's Daniel Ek, raised $700 million in a Series C led by Lightspeed Venture Partners and O.G. Venture Partners. Media outlets, not
July 18, 2026
The SEC Wants to Open Private Markets to Retail Investors. The Liquidity Problem Is Already Showing Up.
TL;DR: On July 7, 2026, the SEC published its 2026 Reg Flex Agenda, listing "Enhancing Retail Exposure to Private Markets" as one of roughly 40 planned rulemakings. That follows the SEC's decision to scrap the old 15%...
July 17, 2026
SkyKnight Capital Closes $2B Fund V, Tripling Its Target: What the Oversubscription Really Signals
TL;DR: SkyKnight Capital closed its fifth flagship buyout fund at a $2 billion hard cap on July 1, 2026, blowing past its original $1.5 billion target and pulling in commitments equal to roughly three times that target...
July 17, 2026
9fin's BDC Watchlist Flags $5.7 Billion in At-Risk Loans, and the Market Already Priced It In
TL;DR: On July 16, 2026, debt-data platform 9fin launched a BDC Watchlist flagging $5.7 billion of loans across 157 business development companies (BDCs) as at risk of further deterioration, about 1.9% of the $305.2...
July 17, 2026
AlpInvest's $1.7 Billion Continuation Vehicle Fund: What a 393% Jump Signals
TL;DR: Carlyle's AlpInvest arm closed AlpInvest Atom Fund II (AAF II) at a $1.7 billion hard cap on July 15, 2026, a 393% jump from its 2023 predecessor fund, according to Alternatives Watch . The fund buys into...
July 17, 2026
Catastrophe Bonds Explained: How Cat Bonds and ILS Actually Work in 2026
TL;DR: Catastrophe bonds let insurers offload hurricane and earthquake risk to investors like you, in exchange for coupon yields that have averaged roughly 7.4% a year since 2002 and returned double digits three years...
July 17, 2026
Why Cox Capital's BDC Tender Offers Are Priced 15% to 30% Below NAV
TL;DR: Cox Capital Partners is offering cash tender offers to investors trapped in three gated private-credit BDCs: HPS Corporate Lending Fund (HLEND), Apollo Debt Solutions BDC (ADS), and Ares Strategic Income Fund...
July 17, 2026
Timberland Investing Explained: How TIMOs, Direct Land, and Timber REITs Actually Work
TL;DR: A TIMO (Timber Investment Management Organization) is a professional manager that buys, grows, and harvests timberland for investors. Pension funds and endowments have used them since the 1970s, and the NCREIF...
July 17, 2026
Moonfare Review 2026: What You're Really Paying For in Private Equity Access
TL;DR: Moonfare is a feeder-fund platform that pools smaller checks from individual accredited and qualified investors into single-LP vehicles, which then buy institutional-size stakes in private equity funds run by...
July 17, 2026
Fireworks AI Just Raised $1.5B at a $17.5B Valuation, and Nvidia Keeps Funding Its Own Customer
TL;DR: Fireworks AI, a San Mateo startup that helps developers train and run custom AI models instead of renting them from big labs, raised $1.5 billion in a Series D at a $17.5 billion valuation, according to...
July 17, 2026