Family Office Allocation to Alternatives in 2026: What the Data Actually Shows
Family offices held 44% of their portfolios in alternatives in 2024, versus roughly 56% in traditional stocks and bonds.
Masterworks Review 2026: What the Art-Investing Pitch Leaves Out
Masterworks charges a 1.5% annual management fee plus 20% of profits at sale, on top of a roughly 10-11% markup baked into the purchase price before you...
Hedge Fund High-Water Marks Explained: How They Protect You From Paying Twice for the Same Gains
A high-water mark is the clause in a hedge fund's fee agreement that stops your manager from charging you a performance fee twice on the same dollar of gains.
Cask Capital Review: What Tokenized Whisky Casks Actually Get You
TL;DR: Cask Capital, a London startup founded in 2023, sells fractional shares in whisky, tequila, rum, and wine casks starting around $161 per share, with up to 50 fractional positions per cask, and
Public.com Review 2026: 5.66% Bond Yield or Real Alts Access?
TL;DR: Public.com is a well-funded retail brokerage that does yield products exceptionally well. Its Bond Account, Treasury Account, and High-Yield Cash Account are genuinely useful tools for rate-sen
Arctos Partners Buys 10% of Atlanta Falcons at $10B+ Valuation: What NFL Private Equity Means for Investors
TL;DR: Arctos Partners is buying a 10% stake in the Atlanta Falcons at a valuation just over $10 billion, making this the firm's fourth NFL team and pushing its total sports assets past $11 billion. A
The PE Secondaries Market Just Hit $240 Billion: What the Data Actually Shows
The global private equity secondary market hit $240 billion in transaction volume in 2025, up 48 percent year over year and the largest total ever recorded, according to the Jefferies 2025 Global...
Homeshares Review 2026: What Home Equity Investing Actually Means for Accredited Investors
Homeshares is the accredited-investor platform run by Nada, a Dallas fintech, that pools capital into a Delaware limited partnership called U.S. Home Equity Fund I , which buys home equity agreements...
Lotus Infrastructure Raises $1.8 Billion: What It Means for Accredited Investors Eyeing Energy Infrastructure
TL;DR: Lotus Infrastructure Partners closed roughly $1.8 billion across its fourth flagship fund, related co-investment capacity, and a single-asset continuation vehicle, the largest capital raise in...
How to Read an Interval Fund's Repurchase Offer Before You Invest: A Checklist
An interval fund's repurchase offer is the only scheduled exit you will ever get. Before you wire a dollar, read every term of that offer. SEC Rule 23c-3 sets a floor of 5% and a ceiling of 25% of shares per quarter,...
Why Europe's Shrinking Share of Private Credit Fundraising Is the Buying Signal U.S. LPs Are Missing
TL;DR: Europe's share of global private credit fundraising fell to 23% in H1 2026 from 29% in 2025, and most U.S. allocators are reading that as a warning sign. I think they have it backwards. The drop in share is...
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...
CAIS Review 2026: The Alts Marketplace Wirehouse Advisors Actually Use
TL;DR: CAIS (caisgroup.com) is a B2B technology platform that gives independent financial advisors and RIAs access to institutional-quality alternative investments: hedge funds, private equity, private credit, real...
Master Limited Partnerships Explained: How MLPs Let Accredited Investors Access Energy Infrastructure Cash Flow
TL;DR: A master limited partnership (MLP) is a publicly traded partnership that combines stock-market liquidity with partnership tax advantages. Income passes through directly to you as a limited partner (LP) rather...
UBS's New Interval Fund Seeding Trick: Reorganizing an Existing Credit Partnership Into a Registered Vehicle
TL;DR: UBS Asset Management filed registration documents for the UBS Asset Management Credit Income Opportunities Fund, a non-diversified, closed-end interval fund organized as a Delaware statutory trust on July 9,...
Apollo Debt Solutions BDC's $514.9M CLO Close Amid Record Redemption Demand
Apollo Debt Solutions BDC closed a $514.9 million term debt securitization on August 6, 2026, the same week it confirmed that redemption demand had hit its highest level since the fund launched in 2022. According to...
Homestead Capital's $1.8B Agriculture Platform: Inside the First Close of Its $350M Private Credit Fund
On August 14, 2026, San Francisco-based Homestead Capital closed the first tranche of its debut commingled agriculture private credit fund, pulling in a $150 million anchor commitment from the private credit team of a...
Private Credit Is Financing the AI Datacenter Boom. Here's the Concentration Risk Nobody's Pricing.
TL;DR: Private credit funds are underwriting the AI datacenter boom by lending against GPUs and hyperscaler contracts, and the industry is pitching it as diversified, asset-backed credit. It is not....
What Is a Business Development Company (BDC)? A Retail Investor's Guide to Publicly Traded Private Credit
A Business Development Company, or BDC, is a publicly traded fund that lends to and invests in private middle-market companies (mostly), pays out at least 90% of its taxable income as dividends, and...
How to Build an Illiquidity Budget Before Committing to Alternative Investments
TL;DR: Before you wire a dollar into a private equity fund, a venture vehicle, or an evergreen private credit product, size an illiquidity budget first. Cambridge Associates' framework is a useful