The Motley Fool

NOVEMBER 5, 2024

Intel (NASDAQ: INTC) stock popped Friday after it reported ugly third-quarter results but its outlook for the fourth quarter was better than expected. However, the celebration was short-lived, as S&P Global announced after hours that rival Nvidia would replace Intel in the Dow Jones Industrial Average (DJINDICES: ^DJI). S&P Global said that the move would give a more representative exposure to the semiconductor industry as the Dow Jones is a price-weighted index and Nvidia's share price

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FinSMEs

NOVEMBER 5, 2024

Vertafore, a Denver, CO-based company providing end-to-end connectivity solutions, acquired Surefyre, a San Francisco, CA-based provider of a submission and underwriting workbench platform purpose-built to empower MGAs and wholesalers. The amount of the deal was not disclosed. This acquisition will further consolidate Vertafore’s position by adding Surefyre’s AI enabled, low-code/no-code solution to its MGA ecosystem of […] The post Vertafore Acquires Surefyre appeared first on

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Companies 109

A Wealth of Common Sense

NOVEMBER 3, 2024

It’s been a good year in the stock market. Through the close on Friday, the U.S. stock market is up 20% in 2024. The Russell 3000 Index is a good approximation of the total U.S. stock market. The index now has a little less than 2,700 stocks. Out of 2,670 stocks, 101 are up 100% or more this year (3.8% of the total). Thirteen stocks are up 300% or more, five are up 500% or greater and there is one stock in the one c.

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Stock Market Stock Market 134

Private Equity Wire

NOVEMBER 5, 2024

Astorg is expanding its Portfolio Performance team with two senior hires based in London – Keith Beattie as Partner to oversee the portfolio Operations team and Markus Nagel as Managing Director to the Operational Finance practice. Beattie will report to Benjamin Cordonnier, Head of Portfolio Performance and Partner, Business Services while Nagle will report to Beattie.

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Portfolios Consulting Consultants Financing 96

AltAssets

NOVEMBER 4, 2024

Littlejohn & Co has acquired modular building specialist Sunbelt Modular, which was founded more than 45 years ago. The post Deal Roundup: Littlejohn buys Sunbelt Modular, Renovus seals majority investment in Performive appeared first on AltAssets Private Equity News.

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The Motley Fool

NOVEMBER 5, 2024

Masayoshi Son is one of the most celebrated investors in modern history. As CEO of Japanese holding company SoftBank , Son has a rich history of architecting savvy investments across a host of different industry sectors. Sure, there have been some clunkers in SoftBank's portfolio (I'm looking at you, WeWork), but for the most part, Son seems to have a knack for identifying transformative technologies before they take off.

Public Companies 246

Public Companies Returns Return On Investment Portfolios 246

FinSMEs

NOVEMBER 5, 2024

Abu Dhabi, United Arab Emirates, 5th November 2024, Chainwire The post Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets appeared first on FinSMEs.

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Private Equity Wire

NOVEMBER 1, 2024

Brookfield Asset Management (BAM) is relocating its head office from Toronto to New York, in a strategic move aimed at increasing visibility in US stock indexes and attracting a wider pool of institutional and active public investors, according to a report by Bloomberg. The relocation is aimed at aligning the Canadian alternative investment giant more closely with US-focused indices, which could broaden its investor base and strengthen its presence in the largest market for its operations.

Asset Management 108

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AltAssets

NOVEMBER 5, 2024

Mid-market investor Saw Mill Capital has raised $435m for the final close of its third flagship fund targeting industrial services, professional services and engineered products companies. Saw Mill previously raised $270m for its debut fund way back in 2007, and $340m for Fund II in 2017. Never miss a story! Click to sign up to AltAssets’ free […] The post Saw Mill Capital seals $435m for biggest private equity fund yet appeared first on AltAssets Private Equity News.

Capital 91

Capital Professional Services Funds Investors 91

The Motley Fool

NOVEMBER 5, 2024

The tide may be turning for tobacco stocks. After going through a 10-year period of zero returns -- including dividends -- British American Tobacco (NYSE: BTI) has posted a total return of 28% year to date. Investors are getting more bullish on the stock after the company called for a second-half acceleration of its business and strong organic revenue growth from 2026 onward due to greater contributions from its reduced-risk nicotine products.

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A Wealth of Common Sense

NOVEMBER 5, 2024

As Charlie Munger liked to say, “Invert, always invert.” Here are some things about investing that I don’t believe: I don’t believe there is a sole way to invest. Everyone has a different emotional make-up and lesser version of themself. Plus, experiences and circumstances can shape your attitudes towards risk and return. There are a lot of strategies that can work.

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FinSMEs

NOVEMBER 4, 2024

Algebrik AI, a NYC-based provider of a cloud-native and AI-powered digital era loan origination platform, raised $4M in Series A funding. The closing of the investment is subject to obtaining appropriate regulatory approvals. Backers were not disclosed. The company intends to use the funds to accelerate the development of its software and advance its solutions […] The post Algebrik AI Raises $4M in Series A Funding appeared first on FinSMEs.

Funds 103

Funds Companies Investing 103

Blackstone

OCTOBER 31, 2024

With 2024 in its final stanza, the world faces a trio of interconnected, generation-defining events, each with highly uncertain outcomes: an emotionally charged US presidential election, an escalating war in the Middle East, and the ongoing conflict in Ukraine. It’s easy to feel overwhelmed by the gravity of events like these. How we choose to view them depends very much on our own perspectives.

Banks 109

Banks Mergers and Acquisitions Assets Investment Horizon 109

Private Equity Wire

OCTOBER 30, 2024

Blackstone has held the final close of the the first series of its evergreen institutional US direct lending fund, Blackstone Senior Direct Lending Fund (BXD), with approximately $22bn of investable capital, including expected leverage. Fundraising exceeded BXD’s original $10bn target and brings Blackstone’s global direct lending platform to over $123bn in assets under management as of the third quarter of this year.

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The Motley Fool

NOVEMBER 5, 2024

Google's years-long run as the world's dominant internet search engine has turned Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) into a technology juggernaut worth over $2 trillion today. The stock has returned over 6,700% since its initial public offering (IPO) about 20 years ago, easily outpacing the S&P 500 's 680%. Companies grow up, mature, and then slow down.

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A Wealth of Common Sense

OCTOBER 31, 2024

We also discussed questions about Roth vs. traditional retirement accounts, the pros and cons of targetdate funds, retiring in your mid-30s and what to do about big gains in Mag 7 stocks. Further Reading: What’s the Investment Case For Gold? 1I had our chart guy Matt cut off the tops of the gold chart here because some of the returns in the 1970s were so high.

Accounting 109

Accounting Returns Funds Assets 109

FinSMEs

NOVEMBER 4, 2024

The financial world has undergone significant transformation since the introduction of Bitcoin in 2009. What began as an experimental digital payment system has evolved into a diverse ecosystem of cryptocurrencies and blockchain applications. Today, cryptocurrencies, from established ones like Bitcoin to meme-inspired tokens like Shiba Inu coin, represent a new asset class that’s captured the […] The post Cryptocurrency Essentials: What Every New Investor Should Know appeared first o

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AltAssets

NOVEMBER 5, 2024

Asset manager Capital Dynamics has raised about $1.1bn for its sixth flagship secondaries fund - a 40% jump compared to its last fund in the strategy. The post Capital Dynamics seals $1.1bn secondaries fund close, 40% more than predecessor fund appeared first on AltAssets Private Equity News.

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Private Equity Wire

NOVEMBER 5, 2024

Shamrock Capital (Shamrock), an LA-based investment firm specialising in the media, entertainment, and communications sectors, has held the final closing of Shamrock Capital Growth Fund VI (Growth VI) and Shamrock Capital Clover Fund I (Clover I), with a combined $1.6bn in capital commitments. After launching the fundraise in Q1, Growth VI was quickly oversubscribed, ultimately surpassing its hard cap of $1.25bn, while Clover I also significantly surpassed its target, raising approximately $320m

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Capital Pension Funds Funds Financial Institutions 92

The Motley Fool

NOVEMBER 5, 2024

When it comes to explaining the growth in tech stocks over the last two years, most investors will credit artificial intelligence (AI). To this end, stocks such as Nvidia reached record highs as customers and investors took great interest in its AI accelerators. Fortunately, the success of Nvidia and others does not mean investors are late to the party.

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Blackstone

OCTOBER 31, 2024

In our view, the intersection of digital infrastructure and the need for power is one of the most exciting and critical investment themes of our time. As AI continues to evolve, the demand for data centers and power will only grow, creating a wealth of opportunities. At Blackstone, we’re committed to being at the forefront of this megatrend, and I believe the next decade will bring tremendous value to investors who recognize the potential in this space.

Investing 99

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FinSMEs

OCTOBER 31, 2024

Flower, a Stockholm, Sweden-based energy tech company, raised additional €20M in funding, closing the total of Series A at €45M. The round was led by Northzone with additional investment from Giant Ventures, 82an Invest, Sony Innovation Fund, and angel investors Thomas von Koch and Sebastian Knutsson. Northzone General Partner Pär-Jörgen Pärson has also joined Flower’s board.

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AltAssets

NOVEMBER 1, 2024

GLM and its affiliated investment manager GoldenTree Asset Management has announced the closure of its $599m collateralised loan obligation. The CLO will be managed by GLM III. Following the closure of the CLO, GoldenTree has issued 29 CLO’s totalling approximately $16bn under its GLM CLO strategy. Since its creation in January 2017, the GLM […] The post GoldenTree Asset Management closes $599m CLO appeared first on AltAssets Private Equity News.

Asset Management 95

Asset Management Assets Investing Funds 95

Private Equity Wire

NOVEMBER 4, 2024

Campbell Lutyens has added to its secondary advisory practice with the appointment of Chirag H Shah as a Managing Director, Chirag who has over two decades of global private equity experience, will be based in the firm’s New York office. In his new role, Chirag will focus on GP and LP relationships across North America. Prior to joining Campbell Lutyens, Chirag spent 13 years as an institutional investor leading fund investments and co-investments at top investments, including the Alaska P

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Mergers and Acquisitions Financing Finance Asset Management 95

The Motley Fool

NOVEMBER 5, 2024

Warren Buffett hasn't seen a lot to like in the stock market recently. The chairman of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has sold more stock than he bought in his company's equity portfolio for eight consecutive quarters. That includes selling shares in some of its most profitable positions. He started taking shares of Berkshire's huge Apple position off the table at the end of last year, selling more than two-thirds of its stake during the past four quarters.

Banks 245

Banks Stakes Enterprise Values Earnings Before Interest 245

Million Dollar Round Table (MDRT)

NOVEMBER 3, 2024

By Irene Stolte, ChFC, CLTC If you’d like to discover new ideas and build connections, MDRT book clubs offer both. You will meet other MDRT members as you discuss takeaways from favorite business books, including how what you read changed your view of your life, personally and professionally. Here is a list of my favorite books read by MDRT book clubs: “The Go-Giver: A Little Story About a Powerful Business Idea” by Bob Burg and John David Mann This business parable is about a go-getter named Jo

Consulting 81

Consulting Consultants 81

FinSMEs

OCTOBER 31, 2024

Blue Earth Therapeutics Ltd, an Oxford, UK-based leader in the development of therapeutic radiopharmaceuticals, closed a $76.5M Series A financing. The round was led by Soleus Capital and co-led by Sands Capital Management with existing investor Bracco Imaging SpA also participating. Woodline Partners and PBM Capital also joined in the financing as new institutional investors.

Financing 111

Financing Finance Capital Funds 111

AltAssets

OCTOBER 31, 2024

Stax LLC has appointed Sagar Bansal as a Director in its London office, enhancing its consulting expertise in private equity. With over ten years in strategy consulting, Bansal has advised on more than 100 deals, focusing on sectors like FinTech and RegTech. His experience spans significant engagements with large and mid-cap private equity and corporate […] The post Stax strengthens its London team with Sagar Bansal appointment appeared first on AltAssets Private Equity News.

Consulting 97

Consulting Consultants 97

Private Equity Wire

NOVEMBER 5, 2024

Investment bank Cavendish has appointed Roger Lee as its new Head of Equity Strategy to develop a new equity strategy product with a UK focus. Lee joins from Investec Bank where he held the role of Head of UK Equity Strategy. At Investec, Lee created the firm’s new Equity strategy product – ranked number two in the 2023 SMID Institutional Investor survey.

Banks 89

Banks Investment Banks Investment Banking Accounting 89

The Motley Fool

NOVEMBER 5, 2024

Artificial intelligence (AI) stocks are some areas in the market where investors are looking for stocks that could go parabolic -- a status given to a stock because its price chart looks like a parabola, quickly increasing on the price axis in a relatively short time. I've identified two companies that could achieve this status: SoundHound AI (NASDAQ: SOUN) and Snowflake (NYSE: SNOW).

Prospects 244

Prospects Banks Investors Companies 244

Million Dollar Round Table (MDRT)

OCTOBER 31, 2024

By Apelles Poh Hong Pang Are you a positive or negative person? Do you struggle to deal with difficulties in your life? These three questions helped me reframe my perspective toward the problems I face. They are very practical, and we can apply them immediately to the challenges confronting us now. What could have been worse? “I complained that I have no shoes, until I saw someone with no feet.

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FinSMEs

OCTOBER 31, 2024

MealMe, a San Francisco, CA-based provider of an API for food ordering, raised $8M in Series A funding. The round was led by Mercury Fund with participation from existing investors Palm Drive Capital and Gaingels. The company intends to use the funds to increase store selection while providing developer support and uptime to customers. Founded […] The post MealMe Raises $8M in Series A Funding appeared first on FinSMEs.

Funds 108

Funds Capital Investors Companies 108

AltAssets

NOVEMBER 4, 2024

Arcmont Asset Management and Churchill Asset Management, the European and US asset management companies of Nuveen Private Capital, have named former Carlyle exec Katherine Elmore-Jones as head of private equity business development in Europe The post Carlyle fundraising veteran Elmore-Jones joins Nuveen Private Capital to head up European PE investor relations appeared first on AltAssets Private Equity News.

Capital 82

Capital Asset Management Investors Assets 82

Private Equity Wire

NOVEMBER 1, 2024

Despite ongoing discussions about the convergence of public and private markets, Blue Owl Capital’s co-CEO Marc Lipschultz insists on maintaining that there is a clear distinction between the two, according to a report by Bloomberg. While some executives advocate for more liquidity within the $1.7tn private market space, Lipschultz highlighted that Blue Owl is not focusing on developing products aimed at facilitating easier entry and exit for investors.

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Assets Debt Banks Capital 98