In Q1 2026, the non-traded BDC market hit $20.8B in redemption requests — most investors received roughly half of what they asked for. Moody's revised the U.S. BDC sector outlook to Negative. Investors who thought they owned liquid private credit found out their fund manager decided whether they could get out.

On Percent's marketplace that same quarter: new issuances, scheduled payments, and a 0.44% lifetime net loss rate on asset-based deals that's held since inception.†

The difference is structural. BDCs often own concentrated corporate loans with quarterly redemption windows that close at the manager's discretion. Percent finances specialty lenders against pools of performing receivables — diversified, overcollateralized, short duration.

Track record through 3/31/26:†

See what private credit built for individual investors looks like.

^{Alternative investments are speculative. No assurance can be given that investors will receive a return of their capital. Secondary market transactions are subject to availability and issuer approval; liquidity is not guaranteed. †Past performance is not indicative of future results. Terms apply.}

NYC brags about its water. Here's what they don't tell you.

New York City's municipal water supply is regularly rated among the cleanest in the country. The Department of Environmental Protection (DEP) pulls from the Catskill and Delaware watersheds — pristine upstate reservoirs that feed into the city through 6,000 miles of mains. The source water? Genuinely excellent.

The problem isn't where the water comes from. It's what it travels through to get to your tap.

Queens is home to some of New York's oldest housing stock. Thousands of residential properties — particularly those built before 1986 — still have lead service lines connecting city mains to interior plumbing. The federal Lead and Copper Rule requires NYC to reduce lead at the tap to below 15 parts per billion. But even low levels of lead exposure carry documented health risks, especially for children under six and pregnant women.

If your home was built before 1986, there's a real chance your water is picking up lead somewhere between the street and your kitchen.

Hard water is the other problem nobody talks about.

Even if your building's pipes are modern, NYC's water has a hardness level that leaves mineral deposits on fixtures, affects the taste of your coffee, and accelerates appliance wear. You've seen the white crust on your kettle. That's calcium — harmless in small amounts, but a daily reminder that your water isn't just H₂O.

What smart Queens homeowners are doing about it.

A growing number of New York homeowners are moving away from bottled water (expensive, wasteful) and basic pitcher filters (slow, limited) toward under-sink reverse osmosis systems that address both problems at the source.

We recently came across Waterdrop's tankless RO line — and honestly, it's the first water filter brand we've seen that actually makes sense for NYC living. Their systems are compact enough for a Queens kitchen, certified against NSF/ANSI standards for lead removal, and come with a smart faucet that shows you real-time water quality readings.

Their entry-level D6 system is $249 — which pays for itself in under a year if you're currently buying bottled water. Their mid-range G3P600 runs $429 with 8 stages of filtration and a 24-month RO membrane. Both remove 99%+ of lead, chlorine, PFAS, and a wide range of other contaminants.

Also worth a look: The M6H Instant Hot RO System — filtered water and instant hot water in one under-sink unit, currently $70 off. If your kitchen runs through a lot of hot water for tea, coffee, or cooking, this one does double duty.

→ See current Waterdrop deals for NYC homes →

Annual filter replacements run about $100–$145, and Waterdrop offers 10% off on subscription deliveries. It's a one-time upgrade that removes a chronic worry from your home — and stops the $30-a-month Costco water run for good.

If you've been meaning to deal with the water situation and just haven't gotten around to it, this is the nudge. Your pipes have waited long enough.

— Metro Intel

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