The Motley Fool
JULY 24, 2024
Social Security is the foundation for most Americans' retirement plans. Without that benefit program, nearly 4 in 10 Americans 65 and older would have incomes that fall below the federal poverty line, according to the Center on Budget and Policy Priorities. The difference between keeping all of their benefits and losing even a portion of them can be massive for those households.
Private Equity Professional
JULY 24, 2024
Agellus Capital has held a final and hard cap close of its debut fund, Agellus Capital Private Equity Fund I LP (Fund I), with total limited partner capital commitments of $400 million. The new fund was oversubscribed and closed above its $350 million target after just five months of fundraising. Agellus was founded in March 2024 by Thompson Street Managing Director Jeff Aiello and Audax Managing Director Beau Thomas.
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The Motley Fool
JULY 24, 2024
Mortgage rates remain elevated and existing home inventories remain near generational lows. In this video, I sit down with eXp Realty (NASDAQ: EXPI) CEO Leo Pareja to find out where he sees the real estate market heading for the rest of 2024, into 2025, and beyond. You might be surprised at his outlook. *Stock prices used were the morning prices of July 18, 2024.
FinSMEs
JULY 24, 2024
Promptfoo, a San Francisco, CA-based open-source LLM testing company, raised $5M in Seed funding. The round was led by Andreessen Horowitz with participation from Tobi Lutke (CEO, Shopify), Stanislav Vishnevskiy (CTO, Discord), Frederic Kerrest (Vice-Chairman & Co-Founder, Okta), and many other top executives in the technology, security, and financial industries.
The Motley Fool
JULY 24, 2024
Nvidia 's graphics processing units (GPUs) for data centers are used to develop the most advanced artificial intelligence (AI) models in the world, placing the company at the forefront of this new technological revolution. Nvidia has consistently delivered triple-digit growth in its revenue over the past year, catapulting the company to a whopping $2.9 trillion valuation.
FinSMEs
JULY 24, 2024
Vijil, a Menlo Park, CA-based company delivering AI agents to enterprises, raised $6M in Seed funding. The round was led by AIStart seed fund and Gradient Ventures. The company intends to use the funds to expand operations and its business reach. Led by CEO Vin Sharma, Vijil is helping enterprises build and operate AI agents […] The post Vijil Raises $6M in Seed Funding appeared first on FinSMEs.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
FinSMEs
JULY 24, 2024
Skippio, a Dublin, Ireland-based tech startup providing a platform to enhance the fan experience at large-scale venues and events, raised €540K in Seed funding. The round was led by private investors with the support of Enterprise Ireland High-Potential Start-Up (HPSU) funding. The company intends to use the funds to expand operations and its development efforts. […] The post Skippio Raises €540k in Seed Funding appeared first on FinSMEs.
The Motley Fool
JULY 24, 2024
Warren Buffett keeps selling stocks. The Oracle of Omaha has been a net seller of equities for his company's portfolio in each of the last six quarters, as reported by Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). The odds are good he'll make it seven in a row when Berkshire reports next month, and now he's going for eight with another major stock sale.
FinSMEs
JULY 24, 2024
Didero, a NYC-based AI procurement agent startup, raised $7M in Seed funding. The round was led by First Round Capital, with participation from Construct Capital, AI Grant, Box Group, Company Ventures, and Conviction. The company intends to use the funds to expand operations and its development efforts. Led by Tim Spencer, Tom Petit, and Lorenz Pallhuber, Didero […] The post Didero Raises $7M in Seed Funding appeared first on FinSMEs.
The Motley Fool
JULY 24, 2024
Beginning in January 2023, it seemed like Nvidia (NASDAQ: NVDA) stock went straight up for almost 18 months. There was good reason for that as investors piled in to the company that has become the face of a dramatically increasing artificial intelligence (AI) sector. But no stock goes straight up forever, and valuation still matters. A correction in the stock was inevitable and finally occurred over the last month.
FinSMEs
JULY 24, 2024
Lakera, a San Francisco, CA-based real-time generative AI (GenAI) security company, raised $20M in Series A funding. The round, which brought the total amount to $30M, was led by Atomico, with participation from Citi Ventures, Dropbox Ventures, and existing investors including redalpine. As part of this round, Atomico Partner Sasha Vidiborskiy will join Lakera’s board. […] The post Lakera Raises $20M in Series A Funding appeared first on FinSMEs.
The Motley Fool
JULY 24, 2024
Social Security benefits can be claimed at any age between 62 and 70. Starting earlier will get you smaller checks but many more of them, while delaying your claim will beef up your checks, though you'll receive fewer of them. The decision of when to start collecting your Social Security benefits is a big one, and you'll want to put a lot of thought into it.
FinSMEs
JULY 24, 2024
Harvey, a San Francisco, CA-based provider of a legal AI platform, raised $100M in Series C funding, at $1.5 Billion valuation. The round was led by GV (Google Ventures) with participation from OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel. The company intends to use the funds to scale and improve its AI-powered […] The post Harvey Raises $100M in Series C Funding appeared first on FinSMEs.
The Motley Fool
JULY 24, 2024
The hype around artificial intelligence (AI) is justified; researchers seem pretty sure that AI technology will add trillions of dollars in value to the global economy over the coming decade and beyond. That said, it's unclear today which companies will be best at capturing this massive economic opportunity. That's likely why AI hype has boosted so many technology stocks over the past 18 months.
FinSMEs
JULY 24, 2024
SoundHealth, a San Francisco, CA-based medical technology company raised $7M in Seed funding. The round was led by Moai Capital and J4 Ventures with participation from TeleSoft Partners, Tau Ventures, TechU Ventures and Rhythm Venture Capital. Peter Moran, an early-stage investor in digital health and wellness companies, a former long-time managing partner at DCM Ventures, […] The post SoundHealth Raises $7M in Seed Funding appeared first on FinSMEs.
The Motley Fool
JULY 24, 2024
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock is losing ground Wednesday. The tech giant's share price was down 3.4% as of 10:30 a.m. ET, according to data from S&P Global Market Intelligence. Alphabet published second-quarter results after the market closed yesterday. Despite strong sales and earnings beats in the quarter, investors are selling out of the stock in response to the company's forward guidance.
FinSMEs
JULY 24, 2024
Splight, a San Francisco, CA-based AI startup which specializes in grid operations technologies, raised $12M in Seed funding. The round was led by noa (formerly A/O) and joined by EDP Ventures, Elewit, Draper Cygnus, Draper B1, Ascent Energy Ventures, Fen Ventures, Reaction Global, Barn Investments, and the UC Berkeley Foundation, among others. The company intends […] The post Splight Raises $12M in Seed Funding appeared first on FinSMEs.
The Motley Fool
JULY 24, 2024
Image source: Getty Images Never say never, but if you're waiting for mortgage rates to drop as low as 4% any time soon, you're likely to be disappointed. Stick with us here, though. We may be able to offer a few ideas to anyone hoping to buy a home. A matter of perspective I enjoyed time with three high school friends this past weekend. My husband (and dogs) were kind enough to visit one of our sons for a few days, leaving the house to the four old friends.
AltAssets
JULY 24, 2024
Global investment house Adams Street Partners has named COO and partner Jim Walker as global head of wealth at the $59bn-managing firm. The post Adams Street names COO Walker as global head of wealth first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 24, 2024
The capital markets have been roaring so far this year. Through the first six months of 2024, the S&P 500 gained 14% while the Nasdaq Composite soared by 18%. One stock that has not fared so well though is QuantumScape (NYSE: QS). From January through the end of June, shares of the electric vehicle battery maker cratered 29%. However, earlier this month QuantumScape announced a major new development with its existing partner, Volkswagen.
AltAssets
JULY 24, 2024
Value4Capital, a lower mid-market investor targeting Poland and the wider CEE region, has already beaten the target for its latest fund with a €100m first close. The post Poland, CEE-focused Value4Capital beats new fund target at first close, eyes €140m hard cap first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 24, 2024
Nvidia (NASDAQ: NVDA) was a $360 billion company at the start of 2023, but thanks to a whopping 745% gain in its stock price, the company is now worth over $3 trillion. It's experiencing a surge in demand for its data center chips, which are the most powerful in the industry for processing artificial intelligence (AI) workloads. In June, Nvidia stock was trading at over $1,200 per share, which made it somewhat inaccessible to smaller investors, so management executed a 10-for-1 stock split effec
Private Equity Wire
JULY 24, 2024
Platinum Equity, a private investment firm with more than $48bn in assets, is to acquire GSM Outdoors, a US outdoor and consumer sporting goods company with a portfolio of around 50 brands, from Gridiron Capital. Financial terms of the acquisition, which is expected to complete in Q3 2024, have not been disclosed. Headquartered in Irving, Texas, GSM Outdoors provides branded consumables, accessories and gear for outdoor activities.
The Motley Fool
JULY 24, 2024
If you're gearing up to sign up for Medicare, whether in conjunction with retirement or not, it's a big deal. Once you're eligible for Medicare, you may find that your healthcare costs go down (depending on the coverage you have right now). But you may also find that you're faced with some tricky decisions you need help navigating. With that in mind, here's some important information for people who are on the cusp of signing up for Medicare coverage. 1.
AltAssets
JULY 24, 2024
Lower mid-market investor NewSpring has followed its recent $400m growth fund announcement by raising $390m for its latest mezzanine investment vehicle. The post NewSpring brings in $390m for fifth mezzanine fund first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 24, 2024
Eli Lilly (NYSE: LLY) sells a wide variety of drugs across treatment areas, but this pharma company has soared into the spotlight in recent times thanks to two products in particular, both weight-loss drugs. Demand for these products has surpassed supply, and they helped revenue climb in the double digits in the most recent quarter. Mounjaro brought in $1.8 billion, and the newly approved Zepbound generated $517 million in revenue in the quarter -- its first full quarter of commercialization.
Private Equity Wire
JULY 24, 2024
Blackstone is intensifying its focus on international credit opportunities, and is aiming to grow its portfolio to include a wider range of debt, including local-currency investments, according to a report by Bloomberg quoting the company’s Global Head of Credit & Insurance, Gilles Dellaert. Speaking during an interview in Tokyo, Dellaert said: “We see substantial growth potential in Europe and Asia.
The Motley Fool
JULY 24, 2024
Retirement planning often gets put on the backburner when you're young, but if you want a shot at becoming a retirement millionaire, it's best to start sooner rather than later. There are many types of retirement accounts to choose from, including a 401(k) and traditional IRA. However, we'll focus on how you can crush your financial goals with a Roth IRA if you haven't turned 50 yet.
Private Equity Wire
JULY 24, 2024
Genstar Capital, a San Francisco-headquartered private equity firm focused on the financial services, software, industrials and healthcare sectors, has made a majority investment in Docupace, a provider of back-office software for wealth management enterprises and financial advisors. The transaction is expected to close in Q3 2024. FTV Capital, which made a growth investment in the company in 2020, will remain a minority investor in Docupace.
The Motley Fool
JULY 24, 2024
CrowdStrike 's (NASDAQ: CRWD) stock price tumbled 11% on July 19 after the cybersecurity company's flawed software update for Windows PCs sparked a global IT outage across banks, airports, hospitals, government agencies, retailers, and other businesses. The company says it's already identified the issue and is in the process of rolling back the disastrous update, but it's still too early to assess the long-term damage to its business and brand.
A Wealth of Common Sense
JULY 24, 2024
Today’s Animal Spirits is brought to you by Global X and Fabric: See here to learn more about Global X’s suite of ETFs Go to meetfabric.com/spirits for more information on life insurance from Fabric by Gerber Life On today’s show, we discuss: The Biggest Winners in the Stock Market Household Wealth Gains Are a Tailwind to Consumer Spending American Borrowers Are on Shakier Ground.
The Motley Fool
JULY 24, 2024
Image source: Getty Images I used to think business class tickets were strictly for wealthy travelers. When I saw the cash price of business class flights, I was shocked that anyone would spend that much. But now that I have more travel experience, I realize it's possible to book affordable business class tickets. There are many strategies flyers can use to get a good deal.
Private Equity Wire
JULY 24, 2024
LA-based software and technology-focused private equity firm Diversis Capital has made an investment in Decision Lens, a provider of public sector planning software. According to a press statement, Decision Lens’ customers include the US Department of Defense, the intelligence community, federal civilian agencies, as well as state and local governments.
The Motley Fool
JULY 24, 2024
Nvidia (NASDAQ: NVDA) CEO Jen-Hsun Huang has been selling shares of his company's stock over the past two months, including 840,000 shares last week worth $59.3 million. The CEO has taken advantage of the stock's huge rise in share price, which has more than doubled this year and is up an astronomical 2,700% over the past five years. Let's take a closer close at the recent sales of Nvidia by executives and whether investors should follow suit.
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