The Motley Fool

MAY 31, 2024

In 2022, the U.S. was hammered by the fiercest inflation it had faced in four decades amid the lingering macroeconomic disruptions and supply chain issues that followed the COVID-19 pandemic. As a result, in January 2023, Social Security beneficiaries got an 8.7% cost-of-living adjustment (COLA) -- the largest increase since the early 1980s. But many retirees are still struggling.

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Private Equity Insights

MAY 31, 2024

New York-based banking giant JPMorgan Chase & Co is actively seeking to acquire a private credit firm to strengthen its private capital operations within its $3.6tn asset management division. Earlier this year, JPMorgan engaged in talks to purchase Chicago-based Monroe Capital, but the negotiations did not result in a deal, according to Bloomberg’s sources.

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The Motley Fool

MAY 31, 2024

Saving and investing for retirement is essential if you want to enjoy your golden years. The average Social Security benefit for retired workers is currently $1,915 per month. That's not a ton of money to cover necessary expenses as well as retirement hobbies, activities, travel, etc. But consistently saving and investing in a tax-advantaged retirement account like a 401(k) or IRA can set you up to be able to spend much more later in life.

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Accounting Taxes Financing Finance 246

Private Equity Insights

MAY 31, 2024

Australian alternative asset manager HMC Capital has entered the private credit sector with an AUD127.5m acquisition of Melbourne-based real estate fund manager Payton Capital, according to a report by the Australian Financial Review. The deal, a combination of cash and stock, will be financed through a AUD100m institutional investor raise and a AUD30m share purchase plan, offering shares at $6.50 each.

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The Motley Fool

MAY 31, 2024

Artificial intelligence (AI) has spread like wildfire since early last year, and the benefits are clear. These generative AI algorithms take AI to the next level, creating original text, images, and video from a few simple prompts. As a result, users can simplify mundane and time-consuming tasks and increase productivity. As the old adage states, "Time is money," so businesses are eager to adopt these next-generation systems.

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Stakes Financing Finance Returns 246

Private Equity Insights

MAY 31, 2024

London-based private equity giant Hg has agreed to acquire AuditBoard, a cloud-based platform for audit, risk, compliance and ESG management, in a transaction valued at over $3bn including debt. The acquisition is being led by Hg’s San Francisco-based office, which opened in 2022. AuditBoard was founded in 2014 and serves more than 2,000 enterprises, including nearly 50% of the Fortune 500, according to a press statement.

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Private Equity Insights

MAY 31, 2024

AI hyperscaler CoreWeave, which operates data centres in the US, has secured a $7.5bn debt financing facility led by funds managed by Blackstone with participation from Magnetar as co-lead investor, as well as Coatue Management. Other firms to participate in the financing include Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries and Great Elm Capital.

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Debt Financing Finance Private Equity Firms 130

The Motley Fool

MAY 31, 2024

When it comes to college prestige, Ivy League schools often sit at or near the top of the pecking order. In exchange for a small fortune -- as of the 2022-2023 academic year, annual tuition and fees were in the neighborhood of $60,000 for Ivy League schools -- applicants are promised a top-notch education and the chance to land a well-paying job upon graduation.

Portfolios 244

Portfolios Education Hedge Funds Assets 244

Private Equity Insights

MAY 31, 2024

The Australian Retirement Trust, a pension fund valued at AUD 260bn ($174bn), plans to increase its private credit allocation over the next year, targeting opportunities in Europe and North America. In an interview with Bloomberg, Andrew Fisher, Head of Investment Strategy at ART, Australia’s second-largest pension fund, said that it aimed to raise its position from just under 1.5% to 2.5% within the next six to twelve months, though he did not specify the target value of the exposure.

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The Motley Fool

MAY 31, 2024

Social Security serves as a crucial source of income for millions of retirees today. And once your career wraps up, you may come to depend on those benefits to a large degree. But Social Security is facing some financial problems that could result in benefit cuts if lawmakers don't find an effective way to address them. According to the program's most recent Trustees Report, those cuts could happen as early as 2035 , which is when Social Security's combined trust funds are expected to run out of

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Private Equity Insights

MAY 31, 2024

Paris-based private equity firm Jeito Capital will sell its portfolio company HI-Bio, a clinical-stage biotech company focused on immune-mediated diseases, to Biogen for $1.15bn. The deal includes up to $650m in potential payments contingent on milestones being reached, Jeito said. According to a press statement, HI-Bio currently has several late-stage clinical development programmes for felzartamab, which aim to treat four IMDs: antibody-mediated rejection, IgA nephropathy, lupus nephritis a

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Capital Private Equity Firms Private Equity Firms Companies 130

The Motley Fool

MAY 31, 2024

The revival of stock splits has been one of the more noteworthy market trends in recent years. Companies generally embark on this course of action after years of consistently strong business and financial performance have driven the share price into the stratosphere. While a stock split doesn't change the intrinsic value of the company, it does make shares more affordable for employees and the general public, a reason that is frequently cited by companies as the primary reason behind the split.

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New York Stock Exchange Stock Exchanges Returns Companies 238

Private Equity Insights

MAY 31, 2024

Funds advised by European mid-market private equity firm Triton have agreed to sell BlitzLuxCo, the holding company of pharmaceutical packaging producer Bormioli Pharma Group, to Gerresheimer, a systems and solutions provider for the pharma, biotech and cosmetics industries. The transaction is expected to close in Q4 2024. Triton acquired Bormioli in 2017 via a corporate carveout.

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The Motley Fool

MAY 31, 2024

The S&P 500 includes some of the best companies in the world. Among the worst performers in the index this year are industry-leading businesses that could be undervalued. While the index is up 11% year to date, shares of Intel (NASDAQ: INTC) , Starbucks (NASDAQ: SBUX) , and Tesla (NASDAQ: TSLA) are down 39%, 19%, and 29%, respectively. We'll review why these stocks have slumped and whether investors should take advantage of the dip. 1.

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Private Equity Insights

MAY 31, 2024

Singapore led Southeast Asia in private capital investment last year, with US$3.7bn secured, comprising 41.1% of the region’s private equity deal value in 2023, a new report has found. Singapore also topped the region in transaction volume, completing 62 out of the 109 deals made across Southeast Asia, The Straits Times reported, citing global management consultancy Bain & Company’s South-east Asia Private Equity Report 2024.

Capital Investments 130

Capital Investments Capital Private Equity Firms Private Equity Firms 130

The Motley Fool

MAY 31, 2024

Fool.com contributor Parkev Tatevosian reviews Pfizer (NYSE: PFE) stock for passive income investors. *Stock prices used were the afternoon prices of May 28, 2024. The video was published on May 30, 2024. Should you invest $1,000 in Pfizer right now? Before you buy stock in Pfizer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Pfizer wasn’t one of them.

Investors 130

Investors Returns Portfolios Investing 130

FinSMEs

MAY 31, 2024

Exactly.ai, a London, UK-based provider of a platform platform for artists and illustrators to create AI models based on their own work, raised $4.3m in seed funding. The round was led by Speedinvest, with participation from InReach Ventures, Cornerstone VC, and GuruDev Capital. The company intends to use the funds to expand operations and its business reach. exactly.ai […] The post Exactly.ai Raises $4.3M in Seed Funding appeared first on FinSMEs.

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Funds Capital Companies 117

The Motley Fool

MAY 31, 2024

ChargePoint (NYSE: CHPT) is a key player in the electric vehicle (EV) market, but it doesn't make vehicles. It makes charging stations, which is more of a picks-and-shovels play in the EV space. The only problem is that so far, ChargePoint hasn't found a way to sell the vital products and services it provides profitably. Here's why the company's asset-light business isn't working out just yet.

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A Wealth of Common Sense

MAY 31, 2024

It’s estimated just 1% to 3% of American households owned stocks heading into the Great Depression. Few people made enough money to save and invest back then plus it was difficult to access the market for regular people — no 401ks, IRAs, online brokers, robo-adviors, index funds, ETFs, Robinhood, etc. By the early-1980s stock ownership was more like 1 in 5 households.

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Stock Market Stock Market Funds Investing 114

The Motley Fool

MAY 31, 2024

Fool.com contributor Parkev Tatevosian discusses an interesting scenario for Nvidia (NASDAQ: NVDA) customers. *Stock prices used were the afternoon prices of May 28, 2024. The video was published on May 30, 2024. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them.

Returns 130

Returns Portfolios Investors Investing 130

Private Equity Wire

MAY 31, 2024

Golden Goose, the Italian luxury sports brand owned by British private equity firm Permira, is planning to raise €100m by floating at least 25% of the business on the Milan Stock Exchange, according to a report by the Financial Times. As well as raising cash from the sale of new shares, Golden Goose is also set to sell an unspecified number of existing shares.

Private Equity Firms 88

Private Equity Firms Private Equity Firms Stock Exchanges Debt 88

The Motley Fool

MAY 31, 2024

Chewy 's (NYSE: CHWY) stock soared 27% on May 29 after the company released its latest report. For the first quarter of fiscal 2024, which ended on April 28, the online pet retailer's net sales grew 3% year over year to $2.88 billion and beat analysts' estimates by $40 million. Its adjusted earnings per share (EPS) jumped 55% to $0.31 and cleared the consensus forecast by $0.11.

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Private Equity Wire

MAY 31, 2024

IK Partners, via its IK Small Cap III Fund, will acquire a majority stake in BIOBank, a French manufacturer and distributor of bone allografts, from investment firms Verto Growth and Capital Croissance as well as the management team, who will be reinvesting. Financial terms of the transaction have not been disclosed. Founded in 1999 and headquartered in Lieusaint, BIOBank is a human tissue bank specialising in the preparation and distribution of bone allografts — which are taken from another ind

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The Motley Fool

MAY 31, 2024

Chewy (NYSE: CHWY) shares have been in the doldrums over the past couple of years despite encouraging earnings reports from the online seller of pet supplies and services. The stock has lost more than 80% from its high back in 2021. But this has served as a great entry point for investors looking for a quality growth player at a dirt cheap price -- and Charles Schwab Investment Management has been seizing the opportunity.

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Stakes Earnings Before Interest Amortization Depreciation 130

Private Equity Wire

MAY 31, 2024

Texas-based private equity firm Satori Capital has invested in Automatic Fire Protection, a provider of fire sprinkler and alarm systems in Texas. The company’s services include installation, maintenance and inspections for sprinkler, alarm and extinguisher systems. According to a press statement, AFP maintains the oldest active fire sprinkler license in Texas and employs around 150 employees.

Capital 83

Capital Private Equity Firms Private Equity Firms Companies 83

The Motley Fool

MAY 31, 2024

One of the hottest stocks on Wall Street has been GigaCloud Technology (NASDAQ: GCT) , which was up 470% in the year ending May 23. However, the stock's meteoric rise has also led to scrutiny of the company among investors. The stock has about 9% of its shares sold short, and has been the subject of two recent scathing reports from short-sellers. Note that short-sellers make money when the stock they are short on goes down.

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Amortization Depreciation Enterprise Values Earnings Before Interest 130

Private Equity Wire

MAY 31, 2024

Cerberus Capital Management has launched North Wind, a business focused on hypersonic test capabilities in the US, following the acquisition of Calspan’s hypersonic and defence test systems business units from TransDigm Group. North Wind, which is headquartered in Minnesota, will focus on ground-based facility design, build and operations, testing and analysis.

Capital 82

Capital Companies Investing 82

The Motley Fool

MAY 31, 2024

British American Tobacco (NYSE: BTI) has a huge 9.7% dividend yield. Given the roughly 1.3% yield on offer from the broader market, the ultra-high yield is a clear sign of increased risk. That's not shocking, given that the company's main product is facing a secular decline. But there's more to worry about here than just cigarettes. British American Tobacco is doing reasonably well There's no way to sugarcoat what's going on with British American Tobacco's business.

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AltAssets

MAY 31, 2024

Truelink Capital, a new manager formed in 2022, has begun raising its debut fund, securing $151m as of October 2023, according to Buyouts. The company has raised capital through several other channels, suggesting the possibility of deal-by-deal investments beyond the core fund, the report said. Truelink, which was founded by Todd Golditch and Luke Myers, […] The post Truelink Capital begins raising debut fund first appeared on AltAssets Private Equity News.

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Capital Buyout Funds Companies 80

The Motley Fool

MAY 31, 2024

Beating the market is a goal of almost every investor. To stack the odds in your favor, it's not enough to simply choose industry leaders. It usually works to stick with companies growing revenue and profits at above-average rates compared to the typical company in the S&P 500 index. Since 1985, the S&P 500 has delivered median annualized earnings growth of 11.8%, according to LSEG Datastream.

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AltAssets

MAY 31, 2024

BanyanGlobal Family Business Advisors has elected Ben Francois to be its second managing partner following the departure of Rob Lachenauer. Mr Francois will assume the position of managing partner after serving at the company for six years. Prior to joining Banyan, he was a partner at Carmelina Capital, a PE outfit specialised in investing in […] The post BanyanGlobal Family Business Advisors names Ben Francois managing partner first appeared on AltAssets Private Equity News.

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Capital Companies Investing Buyout 74

The Motley Fool

MAY 31, 2024

The bear market of 2022 is quickly becoming a distant memory. Sparked by the launch of ChatGPT and the generative AI boom, the S&P 500 has rallied to all-time highs, setting a new record in January and pushing to new heights since then. However, some stocks have been left behind. The housing sector, in particular, has struggled as existing home sales have plunged, and businesses that depend on housing transactions have suffered as well.

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Returns Companies Portfolios Investors 130

The Big Picture

MAY 31, 2024

This week, we speak with Jeffrey Sherman , deputy chief investment officer at DoubleLine Capital. Sherman oversees and administers DoubleLine’s investment management subcommittee; serves as lead portfolio manager for multisector and derivative-based strategies; and is a member of the firm’s executive management and fixed-income asset allocation committees.

Mutual Funds 73

Mutual Funds Assets Financing Finance 73

The Motley Fool

MAY 31, 2024

Image source: Getty Images In 2023, 63% of Americans could not cover an unplanned $500 expense by tapping their savings, according to SecureSave. If you were laid off earlier this year and raided your emergency fund to get through that period of unemployment, that's actually a good thing. It means you had savings and were able to use that money to avoid costly credit card debt.

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