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On Monday, the SEC staff issued a no-action letter that allows registered open-end funds, including mutual funds and ETFs, to co-invest under the simplified exemptive orders that it began issuing in 2025.

Rob Day, Partner and Co-Founder at Spring Lane Capital, explores how the urgent need for power capacity is fundamentally reshaping data center investment strategy, from the surge in microgrid development to the strategic risks of over-reliance on natural gas. He reveals why the economics of battery-powered microgrids are closer to viability than most realize and shares a practical playbook for developers looking to start consuming power today while building tomorrow's AI infrastructure.

Washington’s legal landscape for noncompetition agreements is changing again. Beginning June 30, 2027, nearly all noncompetition covenants will be void and unenforceable in the state. Washington will join at least four other states in near-total bans of such agreements.