Tue.Oct 29, 2024

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I Used to Think 70 Was the Best Age to Claim Social Security Benefits. Here's Why I'd Now Rather Claim at 62.

The Motley Fool

One of the more important decisions anyone makes as they near retirement is deciding when to claim Social Security benefits. It's not a decision that should be glossed over, as it permanently affects your monthly benefits. This could matter a lot for people who plan to rely heavily on Social Security in retirement. I used to think claiming at 70 was the better route because of the increased monthly benefits.

Taxes 246
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Eagle Acquires Sam the Concrete Man

Private Equity Professional

Eagle Merchant Partners (EMP), an Atlanta-based private equity firm specializing in franchise and multi-unit businesses, has acquired a majority stake in Sam the Concrete Man (SamCo), the largest residential concrete services franchisor in the United States. SamCo is a franchised provider of driveway and sidewalk repair, patio installations, and other residential concrete projects.

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If You Bought 1 Share of Rivian at Its IPO, Here's How Much Money You'd Have Now

The Motley Fool

Rivian (NASDAQ: RIVN) is an exciting stock. Since going public in 2021, sales have skyrocketed by more than 1,000%. And with several new mass-market vehicles set to hit the road over the next few years, there's a good chance that Rivian's best days are still ahead of it. How much have investors made from investing in this EV stock thus far? Prepare to be surprised.

Returns 246
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Nautic Partners Raises $4.5 Billion for Eleventh Fund

Private Equity Professional

Nautic Partners has announced the close of its latest fund, Nautic Partners XI LP (“Fund XI”), with $4.5 billion in limited partner commitments, surpassing its initial target of $3.75 billion. The fund reached its hard cap and attracted a diverse group of investors, including public and private pension plans, insurers, health systems, fund of funds, family offices, financial institutions, endowments, and foundations across North, Central, and South America, Europe, Asia, and the Midd

Funds 130
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1 Huge New Reason to Buy Eli Lilly or Novo Nordisk Stock Right Now and Hold It Forever

The Motley Fool

As if there weren't enough reasons to buy shares of the cardiometabolic drug juggernauts Eli Lilly (NYSE: LLY) and Novo Nordisk (NYSE: NVO) , there's now one more big reason to expect these two stocks to keep climbing. While this new opportunity will take some time to cook before it's ready to delight shareholders, one of the two companies is making significant headway, so it won't be much longer in the grand scheme of things.

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L2 Point Closes Oversubscribed Inaugural Fund

Private Equity Professional

L2 Point Management has announced the closing of its first structured equity fund, L2 Point Opportunities Fund I LP (“Fund I”), with $312 million in capital, exceeding its target. Combined with an additional $148 million raised through Fund I co-investment vehicles, the firm’s total capital raised reaches $460 million. Limited partners in Fund I include a range of public pension plans, foundations, insurance companies, funds of funds, and high-net-worth individuals.

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Advanced Micro Devices (AMD) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Advanced Micro Devices (NASDAQ: AMD) Q3 2024 Earnings Call Oct 29, 2024 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the AMD third-quarter 2024 conference call. [Operator instructions]. And as a reminder, this conference is being recorded.

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More Upside Than Nvidia: 2 Better Artificial Intelligence (AI) Stocks to Buy Now, According to Wall Street

The Motley Fool

Interest in artificial intelligence (AI) exploded following the launch of ChatGPT in late 2022. Nvidia has been one of the biggest winners in terms of revenue growth and share price appreciation. But while Wall Street still expects the stock to move higher over the next year, analysts forecast more upside in Amazon (NASDAQ: AMZN) and Vistra (NYSE: VST).

Capital 246
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Canaccord Genuity Strengthens TMMIS Group with Lance Maerov Hire

Private Equity Professional

Canaccord Genuity has announced the addition of Lance Maerov to its U.S. investment banking team as a managing director within the technology, media, marketing, and information services (TMMIS) group. Mr. Maerov joins Canaccord Genuity from Dinmont Ridge , a firm he founded in 2023 to provide advisory services to private equity and strategic investors.

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Billionaire Paul Tudor Jones Just Sold all of His Palantir Shares and Is Piling Into This AI Stock Split Stock With a Massive Catalyst on the Horizon

The Motley Fool

Investors have flocked to artificial intelligence (AI) stocks this year, and as a result these technology players have led gains in the S&P 500 , helping the index climb more than 21%. Why such an interest in AI? Because it has the potential to transform many industries, making companies more efficient and profitable -- and even resulting in major discoveries like life-saving new medicines or high-performance autonomous vehicles.

Stakes 246
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Fuel success with effective delegation

Million Dollar Round Table (MDRT)

By Ivan Arturo Burbano, CLU, CFP If you’re not delegating, it’s likely you’re spending too much time doing administrative work. This could be holding back your ability to increase your production, expand your business, spend more time with family, and reach your other personal and business goals. When you’re at work, it’s important to spend time with your clients, because that’s how you get paid the most.

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Why Oct. 31 Could Be a Big Day for the Stock Market

The Motley Fool

The S&P 500 (SNPINDEX: ^GSPC) has advanced 22% year to date amid enthusiasm about artificial intelligence and interest rate cuts, notching about four dozen record highs along the way. Importantly, the S&P 500 also delivered its best year-to-date performance through the third quarter since 1997. That momentum could intensify or diminish depending on the events of Thursday, Oct. 31.

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How Callaway’s bet on driving range chain Topgolf went off course

Financial Times M&A

The merger of hospitality and golfing has fallen victim to changing consumer habits and high costs

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Are Joby and Archer the Future of Flight?

The Motley Fool

Air taxis have been under development for over a decade, and they're finally getting close to reality. A recent ruling by the Federal Aviation Administration lays the groundwork for flights as early as next year, and Joby Aviation (NYSE: JOBY) and Archer Aviation (NYSE: ACHR) are leading the space. In this video, Travis Hoium covers the recent news and opportunities for these stocks.

Returns 246
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Australian Ethical appoints Head of Private markets

Private Equity Wire

Australian Ethical Investments has named Adam Roberts as its new Head of Private Markets. Roberts brings over two decades of investing experience, having held senior roles at Macquarie Group and Cerberus Capital Management. At Macquarie, he served in several investing roles, as well as Global Head of Strategy across the asset management business. His recent focus was on infrastructure and real assets that deliver both commercial returns and measurable impacts, addressing issues like inequality a

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Do Elections Affect the Housing Market? Here's What Experts Say

The Motley Fool

Image source: Upsplash/The Motley Fool Whether you've bought and sold many properties or are a first-time home buyer looking for a mortgage , you may wonder how the upcoming election will affect the housing market. To learn the answer to that question, we've turned to the experts. While it's true that elections have consequences, some appear to be more dramatic than others.

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Keyhaven Capital Partners bolsters team with two new hires

AltAssets

Keyhaven Capital Partners, a PE firm dedicated to the European lower mid-market, has announced two new hires to bolster its investor relations team. In what is a newly created function, Patrick Gibson will be made responsible for capital formation. Prior to joining the firm, Gibson raised funding for co-investment and secondary transactions on an […] The post Keyhaven Capital Partners bolsters team with two new hires appeared first on AltAssets Private Equity News.

Capital 86
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3 Top Dividend ETFs That Could Build Generation-Spanning Wealth

The Motley Fool

Market volatility and economic uncertainty have many investors seeking reliable ways to build wealth. While technology stocks have dominated returns since the 2008 financial crisis, surpassing even the red-hot real estate sector, they often experience dramatic price swings and rely heavily on continued advances in artificial intelligence and automation.

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Japanese lift maker Fujitec explores sale to private equity

Financial Times M&A

Talks with multiple groups including Sweden’s EQT have taken place in recent months

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I'm Over 40 and This Is My Biggest Financial Regret

The Motley Fool

Image source: Getty Images Not many people get through their life without having some financial regrets. Maybe it's a car you bought that was too expensive, a money pit home renovation, or spending too much on a family vacation that wasn't worth the cost. But while many financial regrets have to do with spending money, one of my biggest regrets so far is not saving money and investing it early enough in my working career.

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H.I.G Capital closes substantially oversubscribed $2bn middle-market fund

AltAssets

H.I.G Capital, a global alternative asset management, has closed its oversubscribed $2bn U.S lower middle market fund H.I.G Capital Partners VII. Fund VII, according to H.I.G, continues the company’s highly successful strategy of making control equity investments in US’s lower middle-market companies. Since its establishment in 1993, H.I.G’s private equity platform has financially backed middle […] The post H.I.G Capital closes substantially oversubscribed $2bn middle-market fund appeared

Capital 79
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Forget CDs. This Move Could Earn You Twice as Much on Your Money Now That Rates Are Falling

The Motley Fool

Image source: The Motley Fool/Upsplash There's a reason so many people are rushing to open CDs before the end of 2024. In September, the Federal Reserve lowered its benchmark interest rate by half a percentage point. And the Fed still has two more opportunities to cut interest rates before the end of the year. Not only are CD rates down already thanks to the Fed's initial rate cut, but they're expected to keep falling.

Banks 246
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BC Partners to sell majority stake in $9.73bn GardaWorld

Private Equity Wire

BC Partners, a private investment firm with €40bn in AUM across private equity, private debt, and real estate strategies, has agreed to sell the majority of its stake in Garda World Security Corporation (GardaWorld) in a deal that values the business at CAD13.5bn ($9.73bn). The transaction will see Founder, Chairman, President and CEO Stephan Crétier, together with select members of Management, acquire approximately 70% of GardaWorld while funds advised by HPS Investment Partners (HPS Partners),

Stakes 77
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Nvidia Stock Is Soaring to All-Time Highs: Here's What NVDA Stock Investors Should Know

The Motley Fool

Nvidia 's (NASDAQ: NVDA) stock price is rising as recent data suggest the artificial intelligence (AI) boom is persisting. *Stock prices used were the afternoon prices of Oct. 25, 2024. The video was published on Oct. 27, 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.

Investors 245
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Vinted concludes secondary investment at €5bn valuation

AltAssets

Vinted, a second-hand C2C marketplace focused on fashion, has closed a secondary share sale of €340m at a valuation of €5bn. The transaction was headed by TPG – a global alternative asset manager. According to TPG, the transaction validates Vinted’s opportunity and progress in developing and growing the second-hand market globally and diversifies the firm’s […] The post Vinted concludes secondary investment at €5bn valuation appeared first on AltAssets Private Equity News.

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2 Warren Buffett Growth Stocks to Buy Right Now

The Motley Fool

Investing in strong consumer brands with excellent earnings growth prospects is a tried-and-true strategy of building wealth in the stock market. Warren Buffett has patiently held shares of growing businesses to build tremendous wealth for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders, and this approach can work for you, too. Here are two Berkshire-held stocks that could double your money within five years. 1.

Prospects 245
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Fortress and BlackRock eye joint bid for €3bn German insurer Viridium

Private Equity Wire

A consortium led by Mubadala Capital-backed private equity firm Fortress Investment Group and BlackRock is among several parties evaluating bids for Viridium Group, a German life insurance consolidator, according to a report by Bloomberg. The report cites unnamed sources familiar with the situation as highlighting that Viridium, which is valued at around €3bn ($3.2bn), has attracted interest from notable players including Blackstone, Deutsche Bank’s DWS Group, Partners Group, and insurers

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3 Passive Income ETFs for Your Retirement Strategy

The Motley Fool

Market uncertainty and mounting concerns about Social Security's future have investors increasingly focused on building reliable income streams. The Social Security Administration's projections suggest the program's trust funds could face challenges in maintaining full benefit payments in the coming decades, highlighting the importance of developing independent income sources for retirement.

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Pfizer’s guidance bump will not heal deeper wounds

Financial Times M&A

Starboard is right to take drugmaker to task for bingeing on overpriced deals

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1 Supercharged Vanguard Fund That Can Turn $275 Per Month Into More Than $1 Million

The Motley Fool

If you don't have a significant amount of savings built up right now, that doesn't mean you can't put yourself on a path to growing your portfolio to more than $1 million. You can invest while saving to help make the most of any money that you're able to put aside into stocks. A safer option than investing in individual stocks is to hold an exchange-traded fund ( ETF ) in your portfolio.

Funds 244
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Cruisebound Raises $13M in Funding

FinSMEs

Cruisebound, a NYC-based company providing digital cruise assistant services for first-time cruisers, raised $13M in funding. The round was led by Thayer Ventures with participation from Link Ventures, former Booking Holdings Chairman and CEO Jeff Boyd, PAR Capital Ventures, Tripadvisor co-founder and former CEO Steve Kaufer, Flybridge, Plug & Play Ventures and others.

Funds 69
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This Is the Only Detroit Auto Stock Worth Owning Now

The Motley Fool

Value investors looking for stocks could very well stumble into the Detroit automotive industry, with shares such as Ford Motor Company (NYSE: F) , General Motors (NYSE: GM) , and at least for this exercise, Stellantis (NYSE: STLA) all trading at cheap valuations as intense competition in the EV industry, among other issues, has weighed on financial results.

Buyout 243
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Intrax Acquires Gap 360

FinSMEs

Intrax, a San Francisco, CA-based provider of cultural exchange programs, announced the acquisition of Gap 360, a UK-based company specializing in gap year travel experiences for young adults. The amount of the deal was not disclosed. The acquisition enables Intrax to further diversify its program portfolio, which already includes high school exchange (Ayusa), au pair […] The post Intrax Acquires Gap 360 appeared first on FinSMEs.

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Costco Executive vs. Sam's Club Plus: Which Is the Better Deal?

The Motley Fool

Image source: Getty Images Picking a favorite wholesale club is one of those adult rites of passage that you don't realize exists until you reach it. Are you going to be a Costco household or a Sam's Club one? Both offer similar products and services -- and enthusiastic fanbases. And a lot of those fans have the top-tier membership: Costco Executive or Sam's Club Plus.

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Moondream Raises $4.5M in Pre-Seed Funding

FinSMEs

Moondream, a San Francisco, CA-based maker of an open-source vision-language model to incorporate AI into applications, raised $4.5M in Pre-Seed funding. The round was led by Felicis, alongside the M12 GitHub Fund and Ascend. The company intends to use the funds to accelerate product growth, expand the team, and keep up with demand from the […] The post Moondream Raises $4.5M in Pre-Seed Funding appeared first on FinSMEs.

Funds 64
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5 Reasons Costco May Cancel Your Membership

The Motley Fool

Image source: Upsplash/The Motley Fool From Costco's generous return policy to its ever-popular sample stations, the retailer prioritizes customer satisfaction. But that doesn't mean Costco will let just anything fly. Did you know that Costco retains the right to cancel a membership at any time? Although Costco refunds the membership cost when a cancellation occurs, it can be surprisingly difficult to become a member again.

Financing 241
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TripFactory Raises $50M in Series A Funding

FinSMEs

TripFactory, a Singapore-based global travel platform, raised $50M in Series A funding. The investor was an unamed International Corporate Group headquartered in India. The deal values the company at half a billion dollars. The company intends to use the funds to expand operations and its development efforts. Founded by Vinay Gupta and a team of entrepreneurs, including Amit […] The post TripFactory Raises $50M in Series A Funding appeared first on FinSMEs.

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