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Neko Health's $700M Series C: A 4x Markup in 18 Months, But Whose $7 Billion Is It?

NAV Loans in Private Equity: How Fund-Level Financing Works, and the DPI Controversy LPs Need to Watch

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Balbec Capital's $930M Bet on Mortgage Debt Banks Won't Touch
Balbec Capital's $930M Bet on Mortgage Debt Banks Won't Touch Balbec Capital LP just closed its seventh flagship credit fund at $930 million in committed capital, according to a Bisnow report on the

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

AIP Capital and Monroe Capital's $643M Aircraft ABS: What the Tranches Tell You About Aviation as Fixed Income
AIP Capital and Monroe Capital closed a $643 million aircraft asset-backed securitization on July 17, 2026. It's their first joint deal, and it packages 18 aircraft leased to 12 airlines across 10 cou

Neko Health's $700M Series C: A 4x Markup in 18 Months, But Whose $7 Billion Is It?
TL;DR: Neko Health, the full-body scanning startup co-founded by Spotify's Daniel Ek, raised $700 million in a Series C led by Lightspeed Venture Partners and O.G. Venture Partners. Media outlets, not

NAV Loans in Private Equity: How Fund-Level Financing Works, and the DPI Controversy LPs Need to Watch
A NAV loan is a line of credit that a private equity fund borrows against the current value of the companies it already owns, not against the money its investors still owe. The market has grown to rou

LP-Led Secondaries and the NAV Discount: Why Fund Stakes Trade Below Reported Value
LPs selling private equity fund stakes in 2025 got 87% of reported NAV on average, and buyout stakes fetched 92% while venture stakes fetched just 78%, according to the Jefferies 2025 Global Secondary
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