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Generative artificial intelligence (AI) has been the first big usage of AI. However, the next major wave may be agentic AI. Generative AI uses generative software models to create text, image, video, or audio content in response to a user prompt. An example would be asking ChatGPT a question and getting a text response. With agentic AI, meanwhile, automated AI agents will go out and complete assigned tasks autonomously without constant human supervision.
The founder of Newbury Partners, Richard Lichter, has started a new venture to support small private equity firms struggling with fundraising gaps. Causeway has introduced a fund aimed at capitalizing on a unique opportunity. This is due to the sluggish fundraising environment, which has impacted even strong firms with excellent track records. Known as Seasoned Primaries, these funds are 25% to over 50% committed at final closing, closely resembling traditional secondaries.
Nvidia (NASDAQ: NVDA) already has soared in the first stages of the artificial intelligence (AI) story. The company designs the most sought-after graphic processing units (GPUs), or chips that power crucial AI tasks, like the training and inferencing of models. Nvidia's GPUs take the No. 1 spot in the industry because they're the fastest around, helping customers save time and, eventually, money.
GFL Environmental announced on Tuesday that it will sell its environmental services division in a deal worth $5.59bn. The Canadian waste management company based in Vaughan, Ontario plans to use the proceeds to reduce debt and repurchase shares. The business will be sold to private equity firms Apollo and BC Partners. GFL will retain a $1.18bn equity stake in the business, which contributed approximately 23% of its total revenue in the third quarter.
Quantum computing stocks took a dive Wednesday after investors' perceptions about the outlook for the sector were dramatically corrected. Valuations in the nascent space had been riding high for about a month -- ever since Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) unveiled its new Willow quantum computing chip, which achieved benchmarks never reached before, including performing calculations in minutes that would have taken standard supercomputers billions of years.
Graycliff Partners has acquired Boss Industries , a manufacturer specializing in power take-off and engine-driven air technology, from Wynnchurch Capital. Boss products include integrated air compressors, generators, spray coating and vapor recovery systems that are used in construction, firefighting, military, tire service, mechanics trucks, railroads, and mining applications.
Shares of Serve Robotics (NASDAQ: SERV) skyrocketed 55.2% in December, according to data provided by S&P Global Market Intelligence. As 2024 drew to a close, investors seemed to be increasingly hungry for investments on the more speculative side of the spectrum, and Serve certainly fits that description. Granted, if investors are going to make a more speculative investment, they could do far worse than Serve.
Roman Products , a portfolio company of Salt Creek Capital , has been acquired by Matrix Adhesives Group , a portfolio company of Goldner Hawn. Roman Products is a manufacturer of wallcovering adhesives, primers and sealers, removers, and related tools used by professionals and do-it-yourselfers. According to the company, it is largest producer of wallpaper adhesive, primer, and removers in North America.
Roman Products , a portfolio company of Salt Creek Capital , has been acquired by Matrix Adhesives Group , a portfolio company of Goldner Hawn. Roman Products is a manufacturer of wallcovering adhesives, primers and sealers, removers, and related tools used by professionals and do-it-yourselfers. According to the company, it is largest producer of wallpaper adhesive, primer, and removers in North America.
Point72 Asset Management, the hedge fund founded by Steve Cohen, is entering the booming private credit market with a new strategy headed by Todd Hirsch, a former senior managing director at Blackstone, according to a report by Reuters citing an internal company statement. The move signals Point72s ambition to tap into the growing demand for private credit, which has become a key focus for alternative asset managers.
The State of the Game The private credit arms race has taken the industry landscape by storm, with Ken Moelis citing the shift as the greatest change in the history of transactional finance. [1] Already enjoying years of measured growth, when banks and the broadly syndicated loan market stepped back from lending in 2023 due to market volatility, private credit stepped up, cementing private credits position as a force in financing markets.
HBX Group, the Spanish travel technology company known for its Hotelbeds brand and backed by private equity firms Cinven, EQT, and Canadian pension fund CPP Investments, is gearing up for a 1bn ($1.04bn) initial public offering (IPO) in the coming weeks, according to a report by Reuters. The report cites unnamed sources familiar with the matter as revealing that HBX Groups listing on the Madrid Stock Exchange has been in the works for over a year, with the firm’s owners carefully timing th
Lyft (NASDAQ: LYFT) , the second-largest ride-hailing company in the U.S., went public on March 29, 2019, at $72 per share. It closed at its record high of $78.29 that same day. Today, Lyft's stock trades 80% lower at $15. The bulls retreated as its growth slowed, it racked up more losses, and it struggled to keep pace with its larger competitor, Uber (NYSE: UBER).
Private equity firms Apollo Global Management and BC Partners have joined forces to agree a deal to acquire GFL Environmentals Environmental Services business at an enterprise value of CAD8bn ($5.59bn). This high-profile deal underscores private equitys increasing focus on the environmental services sector, known for its defensive characteristics and growth potential.
Early stage hydrogen and decarbonisation investor AP Ventures has registered more than $194m for its third fund, putting it almost halfway to its $500m goal. The post Decarbonisation, hydrogen investor AP Ventures nears halfway mark for $500m-targeting Fund III appeared first on AltAssets Private Equity News.
IonQ (NYSE: IONQ) stock is getting crushed in Wednesday's trading. The quantum-computing specialist's share price was down by 38.3% as of 2:38 p.m. ET and had been down by as much as 47.8% earlier in the session. That plunge followed public comments made by Nvidia CEO Jensen Huang about the outlook in the quantum-computing space. According to Huang, commercially viable quantum computers are likely much further away than many investors have been hoping.
AI startup Anthropic is reportedly closing in on a new $2bn funding round led by Lightspeed Venture Partners, which would value the business at about $60bn. The post Deal Roundup: Anthropic said to near $60bn valuation, Apollo and BC seal $8bn GFL Environmental Services buy appeared first on AltAssets Private Equity News.
Shares of Credo Technology Group (NASDAQ: CRDO) rallied 37.3% in December, according to data from S&P Global Market Intelligence. All of Credo's gains occurred in the wake of its early-December earnings report, in which the company beat expectations and issued blowout forward guidance, indicating an uptake in its unique technologies for artificial intelligence (AI) data centers.
Insurance, wealth management and benefits investment specialist Viewpoint Ventures is back with its sophomore fundraise, two years after closing its debut fund on $150m. The post Insurance, wealth broker and manager services specialist Viewpoint Ventures back with Fund II raise appeared first on AltAssets Private Equity News.
Shares of quantum computing company Rigetti Computing (NASDAQ: RGTI) were up a mind-blowing 400.3% during December, according to data provided by S&P Global Market Intelligence. The company updated its roadmap in November, which seems to have served as an early catalyst. Then on Dec. 9, Alphabet 's Google announced a quantum breakthrough that exhilarated the investing community about the potential of quantum computing generally.
OnPay, an Atlanta, GA-based provider of payroll, HR, and benefits solutions, raised over $100M in funding. The round was led by Carrick Capital Partners, with participation from AB Private Credit Investors, the middle market private capital platform of AllianceBernstein, as well as existing investors, and a debt facility provided by MC Credit Partners.
Electric Power Engineers, an Austin, TX-based energy and power systems engineering and consulting firm, received a Growth investment from Berkshire Partners. The amount of the deal was not disclosed. The company intends to use the funds to to accelerate growth, expand its capabilities and enhance its technological advantage, including through strategic acquisitions.
Aviceda Therapeutics, a Cambridge, MA-based private, clinical-stage biotech company focused on developing new immunomodulators, raised $207.5M in Series C financing. The round was led by Omega Funds and TCGX, with participation from Enavate Sciences and Jeito Capital, alongside Longitude Capital, Blue Owl Healthcare Opportunities, and other investment firms.
Relief Cardiovascular, a Costa Mesa, CA-based company developing solutions for the management of heart failure, raised$12Min Series A financing. The round was co-led by Broadview Ventures and Advent Life Sciences, with participation from Pacific Health Investment, Heartwork Capital, and an undisclosed multinational strategic. The company intends to use the funds to support further product development and […] The post Relief Cardiovascular Raises $12M in Series A Financing appeared first on
360 Advanced, a St. Petersburg, FL-based consulting firm focused on cybersecurity and compliance frameworks, received an investment from Bregal Sagemount Basecamp. The amount of the deal was not disclosed. The company intends to use the funds to expand operations and its development efforts. Led by CEO Dan Collins, 360 Advanced specializes in delivering high-quality, client-centric […] The post 360 Advanced Receives Investment from Bregal Sagemount Basecamp appeared first on FinSMEs.
Hunter Point Capital (HPC), an independent investment firm providing capital solutions to alternative asset managers, has expanded its Asia Pacific presence with the appointment of Peter Rosenbloom as Managing Director, Head of Asia Pacific on the firm’s Capital Formation team. In this newly created role, Rosenbloom will be responsible for deepening HPCs presence and relationships with institutional investors and alternative investment firms in the region.
Unlisted, a NYC-based AI-powered real estate technology company specializing in off-market and private home sales, raised $2.25M in Seed funding. The round was led by HearstLab, with product and commercial support from Hearst Newspapers and with additional participation from VC 414 and StageNext. The company intends to use the funds to create more opportunities for […] The post Unlisted Raises $2.25M in Seed Funding appeared first on FinSMEs.
We look forward to working alongside the Cadillac team to help enable them to do their very best work and maximally serve our customers. Ian Reynolds, Managing Partner, Thesis Capital Partners Axial Members Member Type Independent Sponsor Investment Bank Axial Member Since 2023 2014 Headquarters Houston, TX Birmingham, MI Axial Closed Deals 1 2 Axial Profile View Profile View Profile Acquired Business Location: Bayamn, Puerto Rico Description : Founded by Norman Shulevitz in Detroit, Michigan i
Keyhaven Capital Partners has partnered with Miura Partners and Evolve Healthcare Partners to support their acquisition of HealthTech BioActives (HTBA), a global specialist in natural ingredients and active pharmaceutical production. HTBA, headquartered in Barcelona, Spain, specialises in the research, development, and production of naturally derived ingredients, including citrus flavonoids and active forms of vitamin B12.
Alesta Therapeutics, a Leiden, the Netherlands-based biotechnology company focused on developing transformative small molecule therapies for rare diseases, raised 65M in Series A funding. The round was led by Frazier Life Sciences and Droia Ventures, with participation from Novartis Venture Fund, RTW Investments, RV Invest, Thuja Capital and SSI Strategy.
AI startup Anthropic is planning to raise an additional $2bn in a funding round led by Lightspeed Venture Partners that values the business at $60bn, according to a report by Reuters citing unnamed sources familiar with the deal. The round marks a dramatic leap from Anthropic’s $18bn valuation just last year, following a fundraising round led by VC firm Menlo Ventures.
Esphera SynBio, an Ottawa, Ontario, Canada-based synthetic biology company, raised USD2M in Seed funding. Backers included GKCC and FACIT. The company intends to use the funds to expand operations and its R&D sector. Led by CEO Dr. Brian Lichty, Esphera is a seed stage biotechnology company combining technologies developed at McMaster University and the Ottawa Hospital Research Institute, […] The post Esphera SynBio Closes USD2M Seed Financing appeared first on FinSMEs.
Lower, a Columbus, OH-based digital mortgage lender, acquired Neat Labs, a company providing end-to-end mortgage origination software. The amount fo the deal was not disclosed. Lower will integrate Neat Labs’ proprietary software into LowerOS, a comprehensive, cloud-based mortgage platform designed to deliver a borrower experience and reduce the time and cost to produce a loan. […] The post Lower Buys Neat Labs appeared first on FinSMEs.
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