SuperAngel.Fund

JANUARY 19, 2024

If I am doing my job right the first time in “picking winners”, at least for a few subsequent rounds, our best deal flow should come from our existing portfolio. It is what drives our deal flow, information advantage, ability to support our network, and more. since 2019.

Startups 69

Startups Due Diligence Angel Investors Deal Flow 69

The Motley Fool

FEBRUARY 23, 2024

There are currently tax rules that sunset in '25. Any of the -- because a lot of what you do there is assisting in tax planning option for people looking to transition. I'd say it's always hard to predict what impacts activities in Washington, whether it's an election or tax rate changes or other changes.

Capital 130

Capital Securities and Exchange Commission (SEC) Asset Management Leveraging 130

The Motley Fool

FEBRUARY 8, 2024

And we delivered a 25% free cash flow margin on a trailing 12-month basis or 30% on a pre-tax basis. above the high end of our guidance range, driven by the items I just highlighted, and a slightly lower tax rate, driven by several discrete items related to additional foreign tax credits and incentives. per diluted share.

Taxes 100

Taxes Leveraging Capital Banks 100

This is going to be BIG.

OCTOBER 12, 2020

That’s not to mention that they’re doing it with dollars that are incentivized to come their way because of favorable tax treatment and loopholes. That’s why I share my deal flow with them free of any additional fees and carry. That’s also why we do educational classes on VC best practices.

Funds 146

Funds Best Practices Startups Deal Flow 146

The Motley Fool

APRIL 24, 2024

Our conversion rate of deals approved by our investment committee to letters of intent signed is the highest in over two years at approximately 38%. Simultaneously, we have ramped up our efforts and leveraged our tenant relationships, exemplifying how we create proprietary deal flow and accretive off-market opportunities.

Debt 130

Debt Leveraging Capital Financing 130

The Motley Fool

NOVEMBER 5, 2024

Deal flow is very strong, and we believe that we are still the best partner in the industry. Our effective GAAP tax rate during the quarter was 28.6%, an increase over the effective tax rate in the third quarter of 2023 of 18.6%. We continue to expect a normalized tax rate of about 32%. million or $0.24

Taxes 130

Taxes Accounting Consultants Consulting 130

The Motley Fool

FEBRUARY 9, 2024

We intend to launch a strategy focused on triple net lease in Europe, driven by deal flow we already see today. I'd like to end with a couple of comments on tax rates and FRE margins to set the stage for 2024 and beyond. On taxes, the headline here is we expect our effective tax rate to be lower for longer.

Capital 130

Capital Stakes Securities and Exchange Commission (SEC) Management Fees 130

The Motley Fool

FEBRUARY 27, 2024

We continue to experience healthy deal flow, which helped offset the margin impact of our system integration, which we estimate was approximately 130 basis points in the quarter. Our effective GAAP tax rate during the quarter was 19.3%. Gross profit increased 6.3% million, representing a 30.2% Turning to expenses.

Banks 130

Banks Capital Financing Finance 130

Pension Pulse

APRIL 25, 2024

As deal flow increases, “we’ll get to a more natural balance and you won’t have lenders having to do silly things,” he said. I like the part where he says it's not taxes, it's money hard working Canadians and their employers put into a fund to secure their retirement, we don't want to change the governance to make it a stealth tax.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

SuperAngel.Fund

MARCH 24, 2023

Overseeing all the paperwork, legal, tax, and accounting docs required to make each investment and manage each SPV on an ongoing basis was time-consuming and onerous. For each one, I had to file tax returns, issue K1s, track expenses, pay annual franchise tax and registered agent fees, and communicate investor updates to the group.

Angel Investors 59

Angel Investors Due Diligence Legal Startups 59

The Motley Fool

OCTOBER 23, 2024

Our team's continued efforts to create value and identify these opportunities combined with our improved cost of capital have opened up a larger opportunity set and resulted in accelerated deal flow. That said, we have heard from a number of sellers that they're waiting for November 7th.

Debt 130

Debt Capital Leveraging Assets 130

The Motley Fool

AUGUST 8, 2023

Our buyers are doing a fantastic job partnering with suppliers, and we are seeing healthy deal flow across categories. For adjusted net income purposes, we forecast a slightly higher 2023 tax rate of 30%. We're seeing healthy deal flow across departments, which feels really good. and gross profit increased 16.9%

Banks 100

Banks Deal Flow Education Debt 100

The Motley Fool

AUGUST 3, 2023

The tax-efficient net unrealized gain on our equity portfolio now stands at $5.4 Our effective tax rate for the first half of 2023 was 21%, compared to 22% in the same period last year. billion for the year, up 7% from last year, while generating pre-tax operating income, $325 million. billion, compared to $4.2

Liabilities 100

Liabilities Asset Management Shareholders Capital 100

The Motley Fool

FEBRUARY 29, 2024

To add more context around overall deal flow, EMEA grew the fastest during the quarter, followed by the Americas and APJ. Our non-GAAP results for the third quarter exclude, among other items, a discrete income tax benefit of $207 million from the release of a valuation allowance for GAAP purposes.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Professional Services Deal Flow 130

Axial

JANUARY 23, 2025

Last year resulted in a record-breaking year for deal volume on Axial, with 10,735 deals coming to market in 2024 a 7.8% The increase happened largely in the second half of the year, with both Q3 and Q4 resulting in 26% and 15% higher deal flow than the same periods in 2023, respectively.

Investment Banks 59

Investment Banks Investment Banking Banks Mergers and Acquisitions 59

The Motley Fool

JULY 24, 2024

Our team's efforts continue to produce unique and proprietary deal flow, and we continue to identify attractive investment opportunities across all three external growth platforms.

Debt 130

Debt Capital Assets Asset Management 130

The Motley Fool

APRIL 12, 2024

And our investment bank and commercial bank are going to be closely coordinated to harvest the deal flow around the world. Look, as Mark said in his opening and Andy has been talking about, this should be a sort of up to a 30% pre-tax margin business. Andy is focused on rationalizing the expense base. And is that sustainable?

Banks 130

Banks Mergers and Acquisitions Assets Investment Banks 130

The Motley Fool

AUGUST 6, 2024

Our effective GAAP tax rate during the quarter was 31.9%. We are now forecasting a normalized tax rate of about 32% due to higher non-deductible share-based compensation expense. This includes a $3.8 million residual impact from systems-related commission support, which came in as expected. Net interest expense increased 16.6%

Accounting 130

Accounting Returns Leveraging Taxes 130

Axial

OCTOBER 26, 2023

Technology ranked 4th in deal flow but had the highest average pursuit rate, 8.76%, of all sectors. See below for the full Q3 deal activity overview on the Axial platform, and for a more detailed breakdown by industry, check out The SMB M&A Pipeline: Q3 2023. .”

Investment Banks 52

Investment Banks Investment Banking Banks Mergers and Acquisitions 52

The Motley Fool

DECEMBER 5, 2023

And is there any difference in linearity of deal flow during the quarter, this quarter versus previous quarters? Just with the tax, more recently, you're increasingly targeting identity systems. A reconciliation of the GAAP and non-GAAP results is provided in today's press release and in our shareholder letter.

Mergers and Acquisitions 130

Mergers and Acquisitions Liabilities Banks Capital 130

Pension Pulse

DECEMBER 16, 2024

This approach not only enhances long-term risk-adjusted returns, but also allows for diversification and access to deal flow that is not otherwise available through indexing to public markets. They should and can use tax dollars to help drive policy and they should be held accountable for those decisions, including at the ballot box.

Pension Funds 59

Pension Funds Funds Liabilities Assets 59

The Motley Fool

JANUARY 12, 2024

Asset and wealth management reported net income of 925 million with pre-tax margin of 28%. But having said that, I think we're seeing a bit of pickup in deal flow, and I would expect the environment to be a bit more supportive. And then to complete our lines of business, AWM on Page 8. Revenue of 4.7

Banks 130

Banks Capital Assets Investment Banks 130

The Motley Fool

FEBRUARY 15, 2024

Typically, the fourth quarter is the strongest quarter of revenues for Walker & Dunlop Affordable Equity, formerly Alliant, due to the gains realized from the disposition of maturing tax credit deals. We have a fantastic business model that generates strong cash flow, and we ended the year with $329 million of cash on hand.

Debt 100

Debt Financing Finance Banks 100

The Motley Fool

AUGUST 2, 2023

As we look forward, deal flow is significant. On the mortgage company side, total pre-tax income for the -- in the quarter. That includes the great financial crisis, that includes the period of COVID, and we go back to the late 80s and early 90s, some of us. The investment opportunities we're seeing are very, very attractive.

Capital 100

Capital Asset Management Assets Shareholders 100

Axial

FEBRUARY 27, 2024

From a financial perspective, CPS can be flexible with deal structure to meet unique tax or estate planning needs and/or allow for the owner to maintain equity in the business. Unlike strategic acquirers, we are not looking to fundamentally reshape the business or personnel.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Buyout Mergers and Acquisitions 59

The Motley Fool

OCTOBER 17, 2024

The relationships we have there, that deal flow is very helpful to our credit business as well. We think these semi-liquid structures which have reporting that's more timely, in many cases, are more tax efficient. The other thing that I think is important to remember is our scale as an equity investor.

Debt 130

Debt Management Fees Assets Financing 130

The Motley Fool

NOVEMBER 7, 2023

Healthy deal flow and a favorable buying environment drove margin expansion and more than offset inventory inefficiencies related to our system transition, which we estimate to have impacted gross margin by approximately 50 basis points. Our new stores are performing well and building in line with our expectations.

Banks 100

Banks Debt Leveraging Capital 100

The Big Picture

OCTOBER 31, 2023

I’m I’m thinking about the tax consequences of what you just said. I was 00:37:42 [Speaker Changed] Just thinking of the, the tax consequences of having to sell the privately held shares out into the market and then someone else in the same, under the same roof goes out and buys those publicly shares.

Hedge Funds 64

Hedge Funds Mutual Funds Funds Due Diligence 64

The Motley Fool

JULY 27, 2023

We have provided the granular guidance on corporate unallocated expense, deal related amortization, interest expense and tax rate in the supplemental deck posted to our IR site. There's not a lot of deal flow. This is an area where people have been looking at how they're going to be managing their own expenses.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Debt Capital 100

The Big Picture

JULY 2, 2024

So in the early years we only had 10 million of assets, but we had billions of dollars of deal flow. You, you could show up in a way that isn’t taxing to them. . ’cause the returns are less than the initial investment. 00:24:31 [Speaker Changed] That was the big thing that we learned in the early years.

Legal 59

Legal Hedge Funds Financing Finance 59

The Motley Fool

JULY 31, 2023

So, I think that we have not changed our underwriting standards, and we are seeing some good deal flow. So, there's adequate deal flow for us to maintain our policy to think in terms of investing $100 million a year. David Marsh -- Singular Research -- Analyst Got it. Thank you, guys, very much for the color.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Capital Debt Deal Flow 130

The Motley Fool

NOVEMBER 1, 2024

But as we look at 2025 and given what we're working on, we remain confident that we are going to be bringing to the table both gaming and nongaming deals, big and small. So that negates some of the competitive opportunity.

Assets 130

Assets Capital Funds Deal Flow 130

The Motley Fool

FEBRUARY 21, 2025

And again, I -- at a time like this when the gaming deal flow is what it is, we believe we serve our stockholders very well by developing these kinds of relationships to give our stockholders participation in what we think is some of the most compelling placemaking taking place right now. Thanks and good morning.

Assets 130

Assets Mergers and Acquisitions Debt Capital 130

The Motley Fool

APRIL 12, 2024

Our as-adjusted tax rate for the first quarter was approximately 23% and included discrete tax benefits related to stock-based compensation awards that vest in the first quarter of each year. These inflows were partially offset by seasonal tax trading-related outflows from our U.S. style box exposure in Precision ETFs.

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 130

The Motley Fool

JANUARY 12, 2024

Our as-adjusted tax rate for the fourth quarter was approximately 24%, driven, in part, by discrete items. We currently estimate that 25% is a reasonable projected tax run rate for 2024, though the actual effective tax rate may differ because of nonrecurring or discrete items or potential changes in tax legislation.

Assets 130

Assets Shareholders Asset Management Capital 130

The Motley Fool

FEBRUARY 13, 2025

We held our team together throughout the downturn to be able to capture deal flow when markets returned and our investment sales team's efforts in the back half of 2024 were fantastic and set us up very well for 2025 and beyond. Walker -- Chairman and Chief Executive Officer It was standard deal flow.

Assets 130

Assets Financing Asset Management Finance 130

The Motley Fool

JULY 15, 2024

Our as-adjusted tax rate for the second quarter was approximately 24%. We continue to estimate that 25% is a reasonable projected tax run rate for the remainder of 2024. The actual effective tax rate may differ because of nonrecurring or discrete items or potential changes in tax legislation.

Assets 130

Assets Liabilities Leveraging Asset Management 130