Hurdle Rate in Private Equity: Why the 8% Preferred Return Matters to LPs
The hurdle rate, also called the preferred return, is the annual return threshold that LPs must receive before a private equity GP can collect carried interest. The industry standard is 8%, per ILPA d
Separately Managed Accounts in Alternative Investments: Why the Ultra-Wealthy Skip Commingled Funds
A separately managed account (SMA) in alternative investments is a bespoke portfolio arrangement where a single LP receives customized terms, direct asset-level transparency, and negotiated fee struct
Blackstone's $676 Million FUTRONIC Deal: What PE's Robotics Bet Signals for Accredited Investors
TL;DR: Blackstone has agreed to take a majority stake in FUTRONIC, a South Korean maker of high-precision actuators and motion-control systems for cars and industrial robots, in a deal industry...
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...
SkyKnight Capital Closes Fund V at $2 Billion, More Than Doubling Its Last Raise
SkyKnight Capital just closed its fifth buyout fund at $2 billion, according to Connect Money . The fund, SkyKnight Capital Fund V, was oversubscribed against a $1.5 billion target, closed on...
Three PE Funds Closed Oversubscribed This Week. Here's Who Actually Benefits
Three private equity firms announced oversubscribed, hard-capped fund closes within 48 hours of each other this week, according to Connect Money . I don't think that's a coincidence, and I don't...
Warren Equity Partners Closes $2.8B Fund V: Why LPs Doubled Down on Infrastructure Services
Warren Equity Partners closed its fifth flagship fund at a $2.8 billion hard cap on July 13, 2026, according to Alternatives Watch. That's more than double the $1.4 billion the Jacksonville Beach, Flo
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...
Russell Investments' $416B Platform Sold to B Capital-CalPERS Consortium
TL;DR: A consortium led by B Capital, a $12B Singapore-based venture capital firm, is acquiring Russell Investments, a 90-year-old asset manager with $416B in global AUM and $23B parked in...
CVC's $3.4B Catalyst III Close Reveals the K-Shaped Split in Private Equity
TL;DR: CVC Capital Partners just closed Catalyst III, its third European mid-market buyout fund, at roughly €3.0 billion ($3.4 billion), nearly double the €1.75 billion ($2.0 billion) target it set ou
Blackstone's Dresser Utility Solutions Buy: Inside a $28B Energy Transition PE Playbook
TL;DR: On July 6, 2026, Blackstone Energy Transition Partners agreed to buy Dresser Utility Solutions, a 145-year-old Houston-based maker of gas and water metering and instrumentation equipment, from
Capitol Meridian Buys the Building, Not the Contract: Inside the Westway Enterprises SCIF-as-a-Service Deal
Capitol Meridian Buys the Building, Not the Contract According to EIN Presswire , Capitol Meridian Partners has acquired Westway Enterprises LLC, the largest provider of ICD 705-accredited classified...
TeraWulf's $19 Billion Anthropic Lease: What the Bitcoin-Miner-to-AI Pivot Really Signals
According to TeraWulf's 8-K filing , the Bitcoin miner signed a 20-year lease with Anthropic PBC worth roughly $19 billion, turning a coal-country power site in Hawesville, Kentucky into what will...
Moonfare Review: What Accredited Investors Actually Buy in a Feeder Fund — and What It Costs
Moonfare has scaled to 3.9 billion in assets under management with more than 5,600 investors across 24 countries , and it did it by cutting the private equity check size from the traditional $5 millio
Hamilton Lane Closes $3.8B Equity Opportunities Fund VI: What It Actually Means for Accredited Investors
Hamilton Lane just closed its sixth direct equity fund, Equity Opportunities Fund VI, at $3.8 billion raised in and alongside the fund — up 81% from the $2.1 billion its predecessor collected. That's
Why the $30 Trillion Alternatives Forecast Is Marketing, Not Math
BlackRock owns Preqin, the source of the '$30T by 2030' alternatives forecast, while PE fundraising hits a 7-year low. Here's the math they're not showing you.
Continental's €4 Billion ContiTech Sale to Lone Star Funds: The Corporate Carve-Out Playbook
Continental AG confirmed on July 3, 2026 that its Executive and Supervisory Boards approved a deal to sell the ContiTech industrial-rubber division to Lone Star Funds at a €4 billion ($4.6 billion)...
KKR's $4.2 Billion EDF Power Solutions Deal Signals Infrastructure's New Core Status
KKR agreed on June 30, 2026 to pay approximately $4.2 billion in equity value, plus up to $390 million in earnouts, for EDF Power Solutions' entire U.S. and Canadian renewable energy business, a...
Harvest Partners Buys Integra Testing Services From Keystone Capital: Inside a Sponsor-to-Sponsor Deal
Harvest Partners, LP announced on July 1, 2026 that it has acquired Integra Testing Services, a national provider of commercial HVAC testing, balancing, and controlled-environment compliance...
Monomoy Capital Closes $1.3B Jiffy Lube Buyout: Inside Shell's Franchise Carve-Out
Shell USA has stopped changing your oil. On July 1, 2026, Monomoy Capital Partners completed its roughly $1.3 billion acquisition of Jiffy Lube International from Shell, closing a deal first...