The Redemption Panic: Why BDC Gates Aren’t Defaults Non-traded BDCs are gating withdrawals again. Having already lost money on retail private credit once, here’s how I read the headlines — and the three things that would actually worry me. The headlines vs. the data Every few weeks in 2026 another headline lands: a giant private-credit […]
The VC Myth, Debunked: Why Patent Funders Aren’t VCs Reading Sean K. Thompson’s new preprint — and what the publicly disclosed Burford and Omni Bridgeway data actually say about how patent funders make money. The Setup In 2025, four WilmerHale attorneys published The Venture Capital Model Applied to Litigation Funding: Misaligned Incentives and the Harm […]
The $10M Extraction: Anatomy of a Subordinate Note What a 27-page Series Note Supplement reveals about a real estate deal that the marketing page doesn’t A word on why I read 27 pages of a note supplement most investors will never open. Willow Wealth is the company formerly known as YieldStreet — the platform where […]
The Patent Platform Turn: How Families Beat Single Cases How patent acquisition and licensing-first strategies are reshaping litigation finance (2025–2026) My interest here isn’t academic. The “old model” this post describes — one patent, one defendant, one big swing — is exactly how I bought patent cases as a retail investor on LexShares. I held […]
The Extended Hold: A 16-Month Deal That Ran 45 How a 16-month small business lending deal stretched to 45 months — and still delivered 13%+ returns The Numbers Invested $70,000 Returned $87,032.77 Net Profit $17,032.77 MOIC 1.24x IRR 13.12% Target Term 16 months Actual Term 45 months The Investment In April 2018, YieldStreet launched Short […]
