Gold and Silver Royalty Companies: A Lower-Risk Way to Play Rising Precious Metal Prices
TL;DR: OR Royalties closed 2025 with record revenue of $277.4 million, up from $191.2 million in 2024 , ended the year debt-free, and guided to a 97% average cash margin for 2026. That margin number...
Private Credit Fundraising Hits a Record First Half in 2026 Even as BDC Redemptions Surge: The Bifurcation Explained
TL;DR: Institutional private credit fundraising hit $190 billion in final closes in H1 2026, a 53% jump over H1 2025 and already 80% of last year's full-year total, according to With Intelligence's August 12, 2026 H1...
SEC Form D Data: Private Placements Raised $2.4 Trillion in 2025
TL;DR: Companies and funds raised $2.4 trillion through Regulation D private placements in 2025, up from $2.1 trillion in 2024, according to the SEC's own tally of Form D filings. That is more than 33 times the $70.3...
Cadre Review 2026: Fees, Track Record, and the Willow Wealth Risk
TL;DR: Cadre built a real institutional-caliber commercial real estate platform, with a genuine 2020-2022 track record and a secondary market that pioneered fractional CRE trading. My verdict for 2026 is that the...
Energy Capital Partners Closes $8.1B Fund VI to Bet on AI-Driven Power Demand
Energy Capital Partners closed its sixth flagship fund, ECP VI, at $8.1 billion in total capital commitments on August 6, 2026, blowing past its original $5 billion target by more than 50% and hitting an expanded hard...
GCM Grosvenor's $1.2B Credit Secondaries Fund Signals a Market Shift
TL;DR: GCM Grosvenor closed its first dedicated private credit secondaries fund at $1.2 billion, according to the firm's own July 23, 2026 announcement , with the deal still generating fresh trade coverage into early...
Canyon Partners Just Closed a $570 Million Opportunistic Real Estate Fund. Here's What That Signals
Canyon Partners Real Estate closed its Canyon US Real Estate Opportunity Fund (CREOF) at roughly $570 million on August 10, 2026, beating its $500 million target by about 14%, according to the...
Moonfare Review 2026: Is This Private Equity Access Platform Worth Its Minimums and Fees?
Moonfare has crossed €4 billion in assets under management as of mid-2026, and the number that actually matters for most readers of this newsletter is $75,000. That's the reduced US minimum for a...
Regal Healthcare Capital Partners Closes RHCP IV at $610M, Above Target
TL;DR: Regal Healthcare Capital Partners closed its fourth fund, RHCP IV, at $610M in total commitments on July 7, 2026, beating its $550M target by roughly 11%, according to Regal's press release
Hadrian's $1.37B Series D: What an $7.87B Valuation Really Tells LPs
Hadrian, the Los Angeles-based startup that builds AI-guided factories for aerospace and defense parts, raised $1.37 billion in a Series D round announced August 6, 2026, at a $7.87 billion post-money
Fund Extensions and Harvest Periods: What Happens When a PE Fund Outlives Its 10-Year Term
A fund extension is a clause in a private equity fund's limited partnership agreement (LPA) that lets the general partner (GP) keep operating the fund past its stated 10-year term, usually in one-year
What Happens When an LP Can't Meet a Capital Call: The Remedies Ladder, Consequences, and What to Do Before You Miss
TL;DR: When you miss a capital call in a private equity fund, the general partner does not negotiate. It enforces. Your Limited Partnership Agreement (LPA) gives the GP a tiered toolkit: penalty inter
Sale-Leaseback Transactions: The Accredited Investor's Guide to Net Lease Real Estate
TL;DR: A sale-leaseback is a transaction where a company sells real estate it owns and operates, then immediately signs a long-term lease to keep running its business from that same location, converti
Private Credit ETFs and the Liquidity Illusion: Why 'Daily Liquidity for Illiquid Assets' Will Fail Its First Stress Test
TL;DR: Private credit ETFs promise you daily stock-market liquidity over a portfolio of illiquid corporate loans, a structural contradiction that works smoothly until it doesn't. The poster child, Sta
Orion Pro Fund 2026: What 100% Bonus Depreciation Restoration Really Means for Net-Lease Investors
TL;DR: Orion Real Estate Group and Secure Properties have launched Orion Pro Fund 2026, LP , a private real estate fund targeting up to $200 million in equity to acquire single-tenant net-lease proper
Art-Backed Lending: How to Earn Yield on the Other Side of Fine Art Loans
TL;DR: Art-backed lending lets collectors borrow against fine art as collateral instead of selling it, keeping ownership, deferring capital gains taxes, and preserving long-term upside. The global mar
DST Fundraising Is on Pace for a Record 2026. Here's What 1031 Investors Need to Know.
TL;DR: Delaware Statutory Trust (DST) equity fundraising hit approximately $4.5 billion through June 2026, up 22% year-over-year, following a record $8.41 billion raised in 2025. Updated Mountain Dell
Inside the $100 Million Bet That Commercial Real Estate Has Bottomed
TL;DR: On August 3, 2026, US Capital Global Securities announced a $100 million Reg D preferred equity offering for REGAIN Investment Fund LLC , a portfolio of 27-plus office buildings totaling roughl
Why Family Offices Say They’re Interested and Still Never Wire
According to McKinsey's Global Private Markets Report 2025 , private capital deployment remained selective but active, with top-quartile managers continuing to raise capital even as fundraising condit
The Compliance Signal That Separates Serious GPs From Pitch-Deck Tourists
According to McKinsey's Global Private Markets Report 2025 , private capital deployment remained selective but active, with top-quartile managers continuing to raise capital even as fundraising condit