
Alternative Investments
Collateralized Fund Obligations: How Wall Street Is Securitizing Private Markets
TL;DR: A Collateralized Fund Obligation (CFO) is a securitization backed by a pool of private fund LP stakes, not individual loans. Churchill Asset Management and Seviora closed a $400 million CFO in
Jeff Barnes, MBA··10 min read

Real Estate
CRE CLO Securitization: The $26B Market Reshaping Commercial Real Estate Finance
Commercial real estate CLO issuance hit $26 billion in the first half of 2026, a 51% increase year-over-year and on pace to surpass the 2021 record of $45.4 billion, according to Commercial Real Estat
Jeff Barnes, MBA··7 min read

Real Estate
Fidelis Just Sold $191.5 Million in House-Flipping Debt. Here's Why That Matters for Accredited Investors.
Fidelis Just Sold $191.5 Million in House-Flipping Debt. Here's Why That Matters for Accredited Investors. Fidelis Investors closed a $191.5 million securitization of residential transition loans on
Jeff Barnes, MBA··10 min read