Private Equity Secondaries Hit $226-240B in 2025: What the Discount-to-NAV Data Really Shows
TL;DR: The private equity secondary market hit a record $226 billion to $240 billion in 2025, up 41% to 48% year over year, depending on whether you trust Evercore's or Jefferies' count. Roughly half...
Mubadala Opens Its $25 Billion Private Credit Book: What It Signals for Accredited Investors
TL;DR: On July 6, 2026, Mubadala Investment Company handed its entire $25 billion private credit book to Mubadala Capital, its asset-management arm, and threw in a $4.65 billion capital top-up so the
Stonepeak Infrastructure Credit Fund II's 3(c)(7) Filing Wave: What the Qualified-Purchaser Wall Means for Accredited Investors Chasing the AI Power Buildout
On July 2, 2026, Stonepeak filed a Form D for Stonepeak Infrastructure Credit Fund II LP, an infrastructure credit vehicle relying on Investment Company Act Section 3(c)(7) — meaning it can only accep
Hayfin's €15 Billion Fund Close Shows Where Smart Money Hides From Private Credit Liquidity Risk
Hayfin's €15B Direct Lending Fund V close reveals why institutions avoid semi-liquid BDCs. What accredited investors must know before allocating.
Interval Funds Explained: The Investment Vehicle That Locked Out Blackstone Investors in 2022
TL;DR: Interval funds give you access to private credit, real estate, and infrastructure that traditional mutual funds cannot hold. In exchange, you give up the right to sell whenever you want. Redemp
Cliffwater CCLFX Faces 13.9% Redemption Requests: The Private Credit Liquidity Crisis Retail Investors Did Not See Coming
TL;DR: Cliffwater Corporate Lending Fund (CCLFX), a $31.3B private credit interval fund, received redemption requests equal to 13.9% of shares in Q1 2026. That number jumped to 17% in Q2. The fund's
Interval Funds: Semi-Liquid Access to Private Markets and What the Fine Print Says
TL;DR: Interval funds offer quarterly liquidity windows into private credit, private equity, and real assets. They are registered under the Investment Company Act of 1940, issue 1099s instead of
Blackstone Gates BCRED for the First Time: What It Means for Your Alternative Investments
Blackstone just did something it has never done before. On June 4, 2026, the investment giant announced it would gate redemptions on BCRED, its flagship $79 billion private credit fund. Investors aske
Partners Group Capped Withdrawals at 5%. Here Is What Every LP in an Evergreen Fund Must Understand.
Partners Group Capped Withdrawals at 5%. Here Is What Every LP in an Evergreen Fund Must Understand. TL;DR: On June 3, 2026, Partners Group activated its redemption cap on the $8.6 billion Global Value SICAV fund after...