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Thanks to the advent of the internet, information is no longer at a premium for everyday investors. Between earnings season -- the six weeks every quarter where a majority of S&P 500 companies report their operating results -- and weekly economic reports, investors can become overwhelmed and allow important data to slip through the cracks. You might not realize it, but what can easily be described as the most important data dump of the third quarter occurred in mid-August.
The UK is to raise taxes on performance fees, or “carried interest,” for private equity fund managers from 28% to 32%, effective April 2025 — a smaller increase than many in the industry had anticipated, according to a report by Reuters. In her budget announcement, UK finance minister Rachel Reeves outlined the tax hike as part of broader capital gains tax increases affecting most asset classes.
Image source: The Motley Fool. Prudential Financial (NYSE: PRU) Q3 2024 Earnings Call Oct 31, 2024 , 11:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to Prudential's quarterly earnings conference call. [Operator instructions] As a reminder, today's call is being recorded.
Berkshire Partners, a private equity firm that prioritises the middle market, has officially closed its Berkshire Fund XI with around $7.8bn in total commitments. Berkshire claims this makes the Fund its largest since its formation in 1986. Fund XI was oversubscribed, something the firm claims underscores the investors’ support for its multi-sector middle market investment […] The post Berkshire Partners closes Fund XI with $7.8bn in capital commitments appeared first on AltAssets Private
Image source: The Motley Fool. Lemonade (NYSE: LMND) Q3 2024 Earnings Call Oct 31, 2024 , 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello, and welcome to the Lemonade Q3 2024 earnings call. My name is Maxine, and I'll be coordinating today's call. [Operator instructions] I will now hand over to Yael Wissner-Levy, VP of communications to begin.
Private equity behemoth TPG has raised almost $5bn for its second climate-focused fund, with commitments currently reaching $4.4bn. According to Axios, a SEC filing has detailed that whilst it has raised $4.4bn from its Rise Climate II Fund, it expects commitments to reach $4.96bn. The Fund secured commitments from Saudi and UAE-located funds, bringing in […] The post TPG close to raising $5bn for its Climate Fund II appeared first on AltAssets Private Equity News.
Image source: The Motley Fool. Cigna Group (NYSE: CI) Q3 2024 Earnings Call Oct 31, 2024 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by for the Cigna Group's third quarter 2024 results review. [Operator instructions] As a reminder, ladies and gentlemen, this conference, including the Q&A session is being recorded.
Stax LLC has appointed Sagar Bansal as a Director in its London office, enhancing its consulting expertise in private equity. With over ten years in strategy consulting, Bansal has advised on more than 100 deals, focusing on sectors like FinTech and RegTech. His experience spans significant engagements with large and mid-cap private equity and corporate […] The post Stax strengthens its London team with Sagar Bansal appointment appeared first on AltAssets Private Equity News.
Stax LLC has appointed Sagar Bansal as a Director in its London office, enhancing its consulting expertise in private equity. With over ten years in strategy consulting, Bansal has advised on more than 100 deals, focusing on sectors like FinTech and RegTech. His experience spans significant engagements with large and mid-cap private equity and corporate […] The post Stax strengthens its London team with Sagar Bansal appointment appeared first on AltAssets Private Equity News.
Image source: The Motley Fool. Anheuser-Busch InBev/NV (NYSE: BUD) Q3 2024 Earnings Call Oct 31, 2024 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome to AB InBev's third quarter 2024 earnings conference call and webcast. Hosting the call today from AB InBev are Mr. Michel Doukeris, chief executive officer; and Mr.
Private-credit firm 5C Investment Partners, founded by former Goldman Sachs partners, has secured $1.6bn to launch its direct-lending initiative, targeting senior direct-lending deals, according to a report by Bloomberg. The report cites the company’s founders and Co-Managing Partners, Tom Connolly and Michael Koester, as confirming that the funding includes leverage and a co-investment programme, with Liberty Mutual Investments and Michael Dell’s family office, DFO Management, as anchor p
Shares of Twilio (NYSE: TWLO) rocketed as much as 18% higher on Thursday, powered by an impressive earnings report. The stock cooled down to a still-impressive 16% gain by 3 p.m. ET. Twilio is leaving analyst targets in the dust The Street consensus had called for third-quarter earnings of roughly $0.86 per share on sales near $1.09 billion. Instead, Twilio's revenues rose 10% year over year to $1.13 billion.
415 Capital Management GmbH has launched its second fund, 415 Capital Fund II, aiming to raise €150m ($165 million) for medical technology investments. The fund aims to support innovative medical technologies targeting cardiovascular and neurovascular diseases, the leading causes of death, disability, and healthcare costs globally. A significant portion of the fund’s commitments has been […] The post 415 Capital Management unveils second fund with €150m goals appeared first on AltAss
The Vanguard Utilities ETF (NYSEMKT: VPU) has returned 30% year to date, outstripping the 23% return in the S&P 500 (SNPINDEX: ^GSPC). The utilities sector rarely outperforms the broader market, but this year has been an exception. Investors have piled into utility stocks on the premise that artificial intelligence will boost energy consumption.
German private equity firm has completed its sixth exit of the year with the successful stock market debut of portfolio company, Steyr Motors, in the Scale segment of the Frankfurt Stock Exchange under the ticker symbol 4X0. The first quotation was €15.90 per share, giving the business a market capitalisation of €82.7m at the start of trading, after 1,110,000 new and existing Steyr Motors shares were placed with institutional investors in a private placement at a price of €14.00 per share.
For decades, big tech has been hunting for the next game-changing technology that could transform people's lives and add trillions to the global economy. Many think generative artificial intelligence (AI) could be the one. And Nvidia (NASDAQ: NVDA) has benefited from a surge in demand for its AI-capable chips to power the new industry. But with its shares up 193% so far in 2024, is it too late for new investors to bet on the company?
Benefits Canada reports world's 500 largest asset managers’ AUM up 12.5% in 2023: The world’s 500 largest asset managers’ assets under management increased by 12.5 per cent to US$128 trillion in 2023, compared to $113.7 trillion at the end of 2022, according to a new report by WTW’s Thinking Ahead Institute. It noted the annual growth rate represents a significant recovery from the major correction seen in 2022, when the total value of AUM dropped by $18 trillion.
Electric vehicle (EV) companies like Tesla (NASDAQ: TSLA) have experienced incredible growth over the past decade, but they have suffered from softening demand in major markets like the U.S. and Europe in 2024. Tough economic conditions headlined by high interest rates have pushed consumers to buy cheaper gas-powered cars. Plus, a recent study by Goldman Sachs suggests a lack of rapid charging infrastructure, and falling prices in the used market are becoming a concern as more EVs hit the road.
Private equity expands access to life-saving breast cancer screenings, writes Pamela Hendrickson of the Riverside Company. To mark the end of Breast Cancer Awareness Month, Pam Hendrickson, Vice Chairman of The Riverside Company and Chair of the American Investment Council’s Board of Directors, authored an op-ed in PE Hub yesterday on how private equity expands access to life-saving breast cancer screenings nationwide.
Image source: Getty Images If you're starting a small business, generally the first step is setting up the legal structure of your business. There are several options, even if you're running a solo operation, which can get confusing. Generally, a sole proprietorship (meaning a company owned by just one person who does all or most of the work on the business) will choose between remaining a sole proprietorship, which requires no paperwork at all, and an LLC.
SEOUL – November 1, 2024 – Funds managed by Blackstone Real Estate Partners (“Blackstone”) are partnering with Travelodge Asia, an integrated hotel investment and operating company focused on select-service hotels across Asia, to acquire an office building in Seoul’s Gangnam district, and convert into a new select-service hotel. Chris Kim, Head of Real Estate – Korea, Blackstone, said: “We are thrilled to continue investing in South Korea and start work on this property by doing what we do best
With shares up 2,620% in the past five years and 184% just in 2024 (as of Oct. 25), Nvidia continues to be the talk of the town. The artificial intelligence (AI) hardware maker is benefiting from strong demand for its products and services, driving rapid growth. Nvidia deserves credit for how it dominates the market for AI infrastructure. It's also very hard to overstate just how unbelievable the share price performance has been.
Rhino Health, a Boston, MA-based healthcare AI company, received an investment from Telus Global Ventures. The amount of the deal was not disclosed. The company intends to use the funds to continue designing solutions by leveraging federated learning and edge computing – technologies that both enable secure, decentralized data processing and AI model training.
It's tough to know if you're really on track with your retirement savings until you crunch the numbers. You'll need to factor in things like retirement expenses and any income sources you'll have lined up. Of course, sitting down to think about all these things isn't always easy -- especially when you're juggling other financial priorities. But seeing how your retirement savings compare to others might give you the push you need.
MealMe, a San Francisco, CA-based provider of an API for food ordering, raised $8M in Series A funding. The round was led by Mercury Fund with participation from existing investors Palm Drive Capital and Gaingels. The company intends to use the funds to increase store selection while providing developer support and uptime to customers. Founded […] The post MealMe Raises $8M in Series A Funding appeared first on FinSMEs.
We throw the word "game-changing" out a little too often, but QuantumScape 's (NYSE: QS) next-generation solid-state battery technology could be just that. Imagine a battery for electric vehicles (EVs) that delivers better performance and range, discharge power, charging speed, and safety. That's what QuantumScape hopes to deliver to automakers, but there's one problem: Nobody has ever done it.
Starbucks (NASDAQ: SBUX) is in the middle of a significant turnaround effort. The business has been struggling to grow its sales in recent quarters, and that has created worry among investors. The situation has been concerning enough that the company has brought on a new CEO, Brian Niccol, who is looking to get Starbucks back on the right path. While the stock surged earlier this year on news that Niccol was joining the company and leaving Chipotle Mexican Grill to do so, a change in leadership
European growth investment firm Verdane has held the final close of Verdane Idun II, an Article 9 fund under the EU’s Sustainable Finance Directive, which will invest in businesses within the structural growth trend of decarbonisation, at its hard cap of €700m. The new fund will focus specifically on areas of energy transition and resource efficiency, and invest between €20m and €100m in sustainable businesses.
If you don't have many dividend-paying stocks in your portfolio, you might want to rethink your asset allocation because dividend payers can be surprisingly powerful long-term performers. For starters, a company generally needs to grow enough to have relatively reliable income, giving management the confidence with which to initiate -- and then maintain -- a dividend payment to shareholders.
Millions of older adults lean on Social Security heavily in retirement, and if you're married, that could provide an extra boost in the form of spousal benefits. You can collect up to 50% of your partner's full benefit amount in spousal benefits, and the average spouse of a retired worker collects just over $900 per month, according to 2024 data from the Social Security Administration.
Hassana Investment Company, the investment manager of Saudi Arabia’s $320bn General Organization for Social Insurance (GOSI) pension fund, is to allocate up to $500m in Brookfield Asset Management’s new Middle East-focused private equity fund. The companies have signed a memorandum of understanding (MoU) concerning Hassana’s anchor investment in Brookfield Middle East Partners (BMEP), which will look to raise at least $2bn including a $500m commitment from the private equity fi
Investing in growing companies with near-term catalysts for growth can put you on track to earn excellent returns. If you have some extra cash after paying off expenses or debt, here are two exciting stocks you can buy today that could soar in 2025 and beyond. 1. Tesla Tesla (NASDAQ: TSLA) overcame the odds to take on the leading car manufacturers over the last decade.
Bain Capital has acquired an 80% stake in private investment firm Aquila Group’s data centre subsidiary Aquila Compute, to accelerate plans to develop and operate sustainable data centres for hyperscale and AI customers across Europe. Founded by Aquila Group in 2020, AQ Compute provides modular and AI-ready data centre and colocation services, primarily powered by clean energy.
In just the past two years, the S&P 500 has amassed some incredible gains, rising by around 60% during that stretch. It's an incredible performance when you consider its long-run average is a return of approximately 10% per year. During this period, quite a few stocks have generated supersized returns, thanks to solid underlying businesses that created, or intend to create, immense value in the products and services they offer.
Decart, a San Francisco, CA-based AI research lab, raised $21M in funding. The round was led by Sequoia Capital, with participation from Zeev Ventures. The company intends to use the funds to expand operations and its development efforts. Founded by Dean Leitersdorf (CEO) and Moshe Shalev (CPO), Decart provides a platform that enables organizations to […] The post Decart Raises $21M in Funding appeared first on FinSMEs.
Joby Aviation (NYSE: JOBY) , a developer of electric vertical take off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) on Aug. 10, 2021. The combined company's stock started trading at $10.62, ended its first day at $13.40, but now trades at about $5. Like many other SPAC-backed start-ups, Joby disappointed its early investors by missing its own pre-merger estimates by a mile.
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