Executive branch · OGE Form 278-T
John Phelan
Office on the latest report: Department of The Navy, Secretary
87 purchases (at least $17.5M); 104 sales (at least $90.7M), on 13 reports, filed Feb 2026 – Jun 2026.
Periodic transaction reports that senior federal officials file under the Ethics in Government Act. Amounts are the ranges the form asks for; the date is when the transaction happened, and a report can follow weeks later. How to read these
- Purchase: Valence8 PE 2025 Fund $250,001 - $500,000
- Purchase: Valence8 PE 2024 Fund $100,001 - $250,000
- Sale: Carriage House Investments LLP $500,001 - $1,000,000
- Sale: Valence8 Cayman LP $100,001 - $250,000
- Sale: Kingfish Investments X, LLC $50,001 - $100,000
- Sale: MSD Special Investments Fund L.P. $15,001 - $50,000
- Purchase: HealthQuest Tactical Opportunities Fund L.P. $15,001 - $50,000
- Purchase: RCP GP Fund II, LP $100,001 - $250,000
- Purchase: Cresta Operating Partners (Non-Op Fund) LP $250,001 - $500,000
- Purchase: Cresta Royalty Partners II LP $50,001 - $100,000
- Purchase: Bear Lake Operations LLC $250,001 - $500,000
- Purchase: Cresta SC Fund I-A LP $15,001 - $50,000
- Sale: Cresta Royalty Partners LP $15,001 - $50,000
- Sale: Dawson Portfolio Finance 5 LP $15,001 - $50,000
- Sale: RCG Ventures Fund VIII $1,001 - $15,000
- Purchase: Valence8 PE 2025 Fund $1,000,001 - $5,000,000
- Sale: Kingfish Investments X, LLC $1,000,001 - $5,000,000
- Sale: Kingfish Investments V, LLC $250,001 - $500,000
- BDCSale: MSD Investment Corp. (BDC) $250,001 - $500,000
- Purchase: HealthQuest Tactical Opportunities Fund, L.P. $15,001 - $50,000
- Purchase: 26North BDC, Inc. $100,001 - $250,000
- Purchase: Dawson Portfolio Finance LP $50,001 - $100,000
- Sale: Double Mako Investments LLC $1,000,001 - $5,000,000
- Sale: White Tip Investments LLC $1,000,001 - $5,000,000
- Sale: MSD Capital, LP $1,000,001 - $5,000,000
- Sale: MSD Partners, L.P. $1,000,001 - $5,000,000
- Sale: 26North BDC, Inc. $15,001 - $50,000
- Sale: MSD Special Investments Fund II, L.P. $50,001 - $100,000
- Sale: MSD Hospitality Partners LP Over $50,000,000
- Purchase: Bear Lake Operations LLC $250,001 - $500,000
- Sale: Dawson Portfolio Finance 5 LP $1,001 - $15,000
- Sale: RCG Ventures Fund VIII $15,001 - $50,000
- Sale: Caden Opportunity Fund $1,000,001 - $5,000,000
- Sale: NFP Continuation Partners LP $250,001 - $500,000
- Purchase: HealthQuest Tactical Opportunities Fund LP $250,001 - $500,000
- Purchase: MSD Special Investments Fund II, LP $15,001 - $50,000
- Purchase: MSD EIV Private LLC $50,001 - $100,000
- Sale: RCG Momentum LP $50,001 - $100,000
- Sale: MSD EIV Private LLC $100,001 - $250,000
- Purchase: MSD Real Estate Credit Opportunity Fund II $100,001 - $250,000
- Sale: SRP Continuation Partners LP $15,001 - $50,000
- Purchase: Bear Lake Operations LLC $100,001 - $250,000
- Purchase: Cresta Royalty Partners II $500,001 - $1,000,000
- Purchase: Cresta Royalty Partners II $500,001 - $1,000,000
- Sale: Kingfish Investments II, LLC $100,001 - $250,000
- Sale: Kingfish Investments II, LLC $100,001 - $250,000
- Purchase: Vesper Muse LLC $15,001 - $50,000
- Purchase: Vesper Muse LLC $15,001 - $50,000
- Sale: Dawson Portfolio Finance 5 LP $1,001 - $15,000
- Sale: Dawson Portfolio Finance 5 LP $1,001 - $15,000
- Purchase: Turnbridge Equities Real Estate Fund II $100,001 - $250,000
- Purchase: Turnbridge Equities Real Estate Fund II $100,001 - $250,000
- Purchase: GMF Group Fund II, LLC $500,001 - $1,000,000
- Purchase: GMF Group Fund II, LLC $500,001 - $1,000,000
- Sale: RMDC, Inc. $500,001 - $1,000,000
- Sale: RMDC, Inc. $500,001 - $1,000,000
- Sale: Kingfish Investments II, LLC $15,001 - $50,000
- Sale: Kingfish Investments II, LLC $15,001 - $50,000
- Purchase: MSD Special Investments Fund II, LP $50,001 - $100,000
- Purchase: MSD Special Investments Fund II, LP $50,001 - $100,000
- Purchase: Valence8 PE 2024 Fund $250,001 - $500,000
- Purchase: Valence8 PE 2024 Fund $250,001 - $500,000
- Purchase: HealthQuest Tactical Opportunities LP $15,001 - $50,000
- Purchase: HealthQuest Tactical Opportunities LP $15,001 - $50,000
- Sale: MSD Holdings, LP $100,001 - $250,000
- Sale: MSD Holdings, LP $100,001 - $250,000
- Sale: Cotulla Aviation LP $1,000,001 - $5,000,000
- Sale: Cotulla Aviation LP $1,000,001 - $5,000,000
- BDCPurchase: MSD Investment Corp. (BDC) $250,001 - $500,000
- BDCPurchase: MSD Investment Corp. (BDC) $250,001 - $500,000
- Sale: Kingfish Investments X, LLC $500,001 - $1,000,000
- Sale: Kingfish Investments X, LLC $500,001 - $1,000,000
- Sale: Kingfish Investments X, LLC $1,000,001 - $5,000,000
- Sale: MSD Capital, LP $1,000,001 - $5,000,000
- Sale: Dawson Portfolio Finance 5 LP $15,001 - $50,000
- Purchase: MSD EIV Private LLC - Series B $1,001 - $15,000
- Sale: SRP Continuation Partners LP $15,001 - $50,000
- Purchase: HealthQuest Tactical Opportunities Fund $15,001 - $50,000
- Sale: RCG Momentum LP $50,001 - $100,000
- Purchase: AAG KP LP $1,000,001 - $5,000,000
- Purchase: RCP GP Fund II LP $100,001 - $250,000
- Purchase: HealthQuest Tactical Opportunities Fund $15,001 - $50,000
- Sale: Double Mako Investments, LLC $5,000,001 - $25,000,000
- Sale: White Tip Investments, LLC $250,001 - $500,000
- Sale: NFP Continuation Partners LP $250,001 - $500,000
- Sale: RCG Ventures Fund VIII $15,001 - $50,000
- Sale: MSD Special Investments Fund II $50,001 - $100,000
- Purchase: Valence8 PE 2024 Fund $250,001 - $500,000
- Purchase: Valence8 PE 2023 Fund $100,001 - $250,000
- Purchase: Valence8 PE 2022 Fund $50,001 - $100,000
- Purchase: HealthQuest Tactical Opportunities Fund $15,001 - $50,000
- Purchase: RM Atlantic Point Marina $1,000,001 - $5,000,000
- Purchase: RCP APM Holdings LLC $500,001 - $1,000,000
- Sale: Caden Long Equity Fund $100,001 - $250,000
- Purchase: 26Nova Co-Invest $1,000,001 - $5,000,000
- Purchase: ACG Cakes LP $1,000,001 - $5,000,000
- Sale: Dawson Portfolio Finance 5 LP $1,001 - $15,000
- Sale: Kingfish Investments VI, LLC $1,000,001 - $5,000,000
- Sale: Kingfish Investments II, LLC $100,001 - $250,000
- Purchase: Turnbridge Real Estate Fund II $100,001 - $250,000
- Purchase: Cresta Operating Partners LP $250,001 - $500,000
- Sale: Two Roads Developments LLC loan $500,001 - $1,000,000
- Purchase: HealthQuest Tactical Opportunities Fund $15,001 - $50,000
- Sale: MSD Hospitality Partners LP $500,001 - $1,000,000
- Sale: Cresta Royalty Partners LP $50,001 - $100,000
- Sale: Dawson Portfolio Finance 5 LP $1,001 - $15,000
- BDCSale: MSD Investment Corp. (BDC) $250,001 - $500,000
- Sale: Cresta SC Fund I-A LP $50,001 - $100,000
- Sale: Carriage House Investments LLP $100,001 - $250,000
- Purchase: MSD EIV Private, LLC $15,001 - $50,000
- Purchase: Dawson Portfolio Finance 5 LP $15,001 - $50,000
- Purchase: TMG Haynesville Investors, LLC $250,001 - $500,000
- Purchase: 26North BDC, Inc. $100,001 - $250,000
- Sale: Cotulla Aviation LP $1,000,001 - $5,000,000
- Purchase: Cresta Royalty Partners II LP $100,001 - $250,000
- Sale: Two Roads Development LLC Loan $1,000,001 - $5,000,000
- Sale: 26North BDC, Inc. $15,001 - $50,000
- Purchase: MSD EIV Private, LLC $100,001 - $250,000
- Purchase: HealthQuest Tactical Opportunities Fund, L.P. $15,001 - $50,000
- Sale: NFP Continuation Partners, LP. $250,001 - $500,000
- Sale: Caden FLV, LLC $15,001 - $50,000
- Sale: RCG Ventures Fund VIII $1,001 - $15,000
- Sale: Dawson Portfolio Finance 5 LP $15,001 - $50,000
- Sale: HealthQuest Tactical Opportunities Fund $250,001 - $500,000
- Sale: MSD Real Estate Credit Opportunity Fund II $50,001 - $100,000
- Sale: Caden FLV, LLC $500,001 - $1,000,000
- Sale: SRP Continuation Partners LP $100,001 - $250,000
- Purchase: RCP GP Fund II LP $250,001 - $500,000
- Sale: RCG Momentum LP $50,001 - $100,000
- Purchase: Turnbridge Real Estate Fund II $100,001 - $250,000
- Sale: RCG Ventures Fund VIII $15,001 - $50,000
- Sale: MSD Hospitality Partners LP $500,001 - $1,000,000
- Sale: MSD Credit Opportunity Fund, L.P. $100,001 - $250,000
- Sale: Cresta SC Fund I-A LP $50,001 - $100,000
- Sale: Dawson Portfolio Finance 5 LP $15,001 - $50,000
- Sale: MSD EIV Private, LLC $50,001 - $100,000
- Purchase: Kingfish Investments II, LLC $500,001 - $1,000,000
- Purchase: Cresta Royalty Partners LP $50,001 - $100,000
- Purchase: 26North Private Equity Fund I $100,001 - $250,000
- Sale: Caden Long Equity Fund $100,001 - $250,000
- Purchase: Valence8 PE 2023 Fund $50,001 - $100,000
- Purchase: Valence8 PE 2022 Fund $50,001 - $100,000
- Sale: Cotulla Aviation LP $50,001 - $100,000
- Purchase: HealthQuest Tactical Opportunities Fund, L.P. $15,001 - $50,000
- Sale: RSL Football Holdings LLC $1,000,001 - $5,000,000
- Purchase: Cresta Royalty Partners II LP $100,001 - $250,000
- Sale: Kingfish Investments II, LLC $250,001 - $500,000
- Purchase: Arcadia Gameto Investors LP $100,001 - $250,000
- Purchase: Highline Investors LLC $1,000,001 - $5,000,000
- Purchase: 12 South Investor JV, LLC $250,001 - $500,000
- Sale: Dawson Portfolio Finance 5 LP $1,001 - $15,000
- BDCSale: MSD Investment Corp. (BDC) $250,001 - $500,000
- Purchase: TMG Haynesville Investors, LLC $100,001 - $250,000
- Purchase: Dawson Portfolio Finance 5 LP $100,001 - $250,000
- Sale: RCG Ventures Fund VIII $1,001 - $15,000
- Purchase: Cresta Royalty Partners LP $50,001 - $100,000
- OWLSale: Blue Owl Capital Inc. Class A Common Stock (OWL) $5,000,001 - $25,000,000
- Sale: TMG Monument Investors LLC $100,001 - $250,000
- Purchase: MSD Special Investments Fund II $50,001 - $100,000
- Purchase: TMG VCLR Investor, LLC $1,001 - $15,000
- Purchase: RCG Momentum, LP $100,001 - $250,000
- Purchase: MSD EIV Private, LLC (JRK Investments III) $100,001 - $250,000
- Sale: Kingfish Investments X, LLC $100,001 - $250,000
- Sale: 26North BDC, Inc $15,001 - $50,000
- Sale: SRP Continuation Partners, LP $100,001 - $250,000
- Purchase: RCG Momentum, LP $250,001 - $500,000
- Sale: Red Cell Partners $1,000,001 - $5,000,000
- Sale: Red Cell Incubation Fund LP $500,001 - $1,000,000
- Purchase: HealthQuest Tactical Opportunities Fund, L.P. $100,001 - $250,000
- Sale: Dawson Portfolio Finance 5 LP $15,001 - $50,000
- Purchase: RCP GP Fund II, LP $100,001 - $250,000
- Sale: RSL Football Holdings LLC $1,000,001 - $5,000,000
- Purchase: HealthQuest Tactical Opportunities Fund, L.P. $15,001 - $50,000
- Sale: Cotulla Aviation LP $250,001 - $500,000
- Purchase: Red Cell Incubation Fund, LP $100,001 - $250,000
- Sale: Kingfish Investments II, LLC $1,000,001 - $5,000,000
- Sale: TMG Monument Investors LCL $15,001 - $50,000
- Sale: Dawson Portfolio Finance 5 LP $1,001 - $15,000
- Sale: Cresta SC Fund I-A LP $50,001 - $100,000
- Sale: MSD Hospitality Partners LP $1,000,001 - $5,000,000
- Purchase: 26North Private Equity Fund I $100,001 - $250,000
- Purchase: RCG Ventures Fund VIII, LP $1,000,001 - $5,000,000
- Purchase: MSD Special Investments Fund II $15,001 - $50,000
- Sale: MSD Credit Opportunity Fund, L.P. $250,001 - $500,000
- Sale: Kingfish Investments X, LLC $1,000,001 - $5,000,000
- Sale: Cresta Royalty Partners LP $15,001 - $50,000
- BDCSale: MSD Investment Corp. (BDC) $250,001 - $500,000
- Purchase: Turnbridge Real Estate Fund II $250,001 - $500,000
- Sale: Kingfish Investments V, LLC $1,000,001 - $5,000,000
- Purchase: Dawson Portfolio Finance 5 LP $100,001 - $250,000
- Purchase: MSD EIV Private, LLC $100,001 - $250,000
Source: e-filed OGE Form 278-T reports published by the Office of Government Ethics. Reports can be late, amended or wrong at the source; see methodology.