Mon.Jul 01, 2024

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Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

The Motley Fool

This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. In the course of the next 20 years, Americans are expected to inherit an astounding $72 trillion in assets. And whether your estate is a larger one or a more modest one, you may be eager to pass wealth down to your loved ones in the most efficient way possible.

Legal 246
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Pieces Raises $13.5M in Series A Funding

FinSMEs

Pieces, a Cincinnati, OH-based developer productivity tech startup, raised $13.5m in Series A funding. The round was led by Drive Capital with participation from Cincinnati’s Cintrifuse Capital, Miami University’s RedHawk Ventures and local high-net-worth investors. The company intends to use the funds to roll out the next phases of its product. Co-founded by Tsavo Knott, […] The post Pieces Raises $13.5M in Series A Funding appeared first on FinSMEs.

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Where Will Micron Technology Stock Be in 1 Year?

The Motley Fool

Micron Technology 's (NASDAQ: MU) 2024 stock market rally came to a screeching halt last week after the company released fiscal 2024 third-quarter results (for the three months ended May 30). The memory specialist's outlook didn't exceed Wall Street's expectations by a big enough margin, and the stock fell almost 8% just after its release. Micron's share prices were up nearly 67% in 2024 before its results came out, and the company headed into this latest report with high expectations thanks to

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AIMCo talks total portfolio approach, private credit, and risk

Top 1000 Funds

As AIMCo prepares to beef up its private credit team in New York, CIO Marlene Puffer explains how she plans to scale the allocation, as well as describing a new total portfolio approach to private markets, and the investor's new approach to risk management

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Nvidia's Stock Is Up 160% in 2024, but Is It a Bubble Waiting to Pop?

The Motley Fool

If you've been keeping up with the tech industry, you've witnessed artificial intelligence (AI) go from a niche topic to the hottest theme in business. It's almost inescapable at this point. Many businesses have benefited from the AI boom, but maybe none more so than Nvidia (NASDAQ: NVDA). The chipmaker's stock is up by more than 160% this year alone, continuing a rally that has seen its stock price increase by more than 760% in the past year and a half.

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American Discovery Capital Closes Fund II, at $190M

FinSMEs

American Discovery Capital, a Los Angeles, CA-based merchant bank focused on founder-led and family-owned companies operating in the lower middle market, closed its Fund II, at $190M. ADF I closed in 2019 and invested $60M across six portfolio companies and 17 add-on acquisitions. Consistent with its prior fund, ADF II will continue to target majority and significant […] The post American Discovery Capital Closes Fund II, at $190M appeared first on FinSMEs.

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Deal Roundup: BlackRock buys Preqin in £2.55bn deal, EQT and Oakley seal strong Idealista sale to Cinven for €2.9bn

AltAssets

BlackRock has agreed to buy private markets data provider Preqin in a £2.55bn cash deal. The company said it would bring Preqin’s data and research tools together with its own Aladdin portfolio management software as complementary businesses. The firm said private markets are the fastest growing segment of asset management, with alternative assets expected to […] The post Deal Roundup: BlackRock buys Preqin in £2.55bn deal, EQT and Oakley seal strong Idealista sale to Cinven for €2.9

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Planning to Claim Spousal Social Security Benefits? 3 Surprising Rules You Must Know First.

The Motley Fool

Social Security is the cornerstone of many Americans' retirement finances. The income it provides can be the difference between being able to enjoy your golden years and not having enough money to make ends meet. For some, the program's spousal benefits option can significantly boost a household's Social Security income. Those benefits can be worth up to half of the higher-earning spouse's full retirement benefit.

Financing 246
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CARV Launches Alphanet: $35M Node Sale Propels Decentralization Milestone

FinSMEs

Santa Clara, USA, 1st July 2024, Chainwire The post CARV Launches Alphanet: $35M Node Sale Propels Decentralization Milestone appeared first on FinSMEs.

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Here's How to Get Costco to Give You Back $100 per Year

The Motley Fool

Image source: The Motley Fool/Upsplash When I first joined Costco, I insisted on sticking to a basic membership for quite some time. The concept of having to pay money to get access to a store was foreign to me. And back then, my husband and I didn't have kids and didn't have the same need for bulk food purchases we do now. So the basic membership made sense.

Financing 246
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HgT sells SaaS specialist F24 to PE firm Altor

Private Equity Wire

The HgCapital Trust has agreed the sale of European software-as-a-service provider F24 to Altor, a Stockholm-based private equity firm investing across Sweden, Denmark, Finland, Norway and the DACH region. The terms of the transaction, which is subject to closing conditions, have not been disclosed. This transaction values HgT’s investment in F24 at approximately £18.4m, which would represent an uplift of £0.8m (4% or 0.2 pence per share) over the carrying value of £17.6m in the net asset

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Looking for a Home-Run Artificial Intelligence (AI) Investment? Consider This AI Stock That Nvidia Is Investing In.

The Motley Fool

Hitting a home run in investing can be very satisfying as the returns can be incredible. But alongside home runs come strikeouts, and when you're an all-or-nothing style of investor, strikeouts happen a lot more than home runs. Still, if the overall returns make up for the massive losses, this can be a worthy investment strategy for those with the right stamina.

Investing 246
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PAI Partners and Inveready team up to make Avatel bid

Private Equity Wire

French private equity firm PAI Partners and Spanish investment firm Inveready have collaborated on a bid for Avatel, Spain’s fifth-largest telecoms company, according to a report by Expansion, citing unidentified market sources. While other bidders are also vying for Avatel, which is valued at approximately €550m ($592.41m), the PAI Partners and Inveready alliance is reportedly closest to finalising a deal, which could be signed by the end of this month.

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Here's the Average Social Security COLA From 1975 to 2023

The Motley Fool

Social Security adjusts the benefits it pays each year to help retirees keep up with rising costs of living. This can be especially helpful in inflationary environments. In fact, Social Security beneficiaries received an 8.7% raise for 2022 after inflation spiked higher. Last year, the cost-of-living adjustment, or COLA, was significantly lower, at just 3.2%.

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Cheyne Strategic Value Credit appoints Head of Origination and Trading

Private Equity Wire

Alternative investment fund manager Cheyne Capital Management has appointed Dan Magee as Managing Director, Head of Origination and Trading for Cheyne Strategic Value Credit. Magee, who will be based in London, succeeds David Lofts, who will remain a partner in the business but will transition to the US, where he will engage with US-based counterparties in the origination of cross-border opportunities while partnering with Magee to enhance existing relationships with European corporate advisory

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Want Decades of Passive Income? 2 Top Dividend Stocks to Buy Now and Hold Forever.

The Motley Fool

There's something quite pleasant about having cash deposited into your investment account quarter after quarter and year after year. Here are two outstanding dividend stocks with long histories of rewarding their shareholders with steadily rising cash payments. Both stocks can help you build your own streams of passive income. Top dividend stock No. 1: Lockheed Martin Lockheed Martin (NYSE: LMT) helps the U.S. government and its allies protect their citizens from a growing number of threats.

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Tenzing continues rapid fund size growth with £900m Fund III, more than double size of predecessor

AltAssets

UK-based private equity house Tenzing has soared past £900m for its third fund, making the new vehicle more than double the size of its sophomore effort. The post Tenzing continues rapid fund size growth with £900m Fund III, more than double size of predecessor first appeared on AltAssets Private Equity News.

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Can Nvidia Stock Cross $1,000 Again After the Stock Split?

The Motley Fool

Nvidia 's (NASDAQ: NVDA) stock popped up by a dramatic 500% in the past three years. Undoubtedly, much of this recent rally has been fueled by the company's position as a key beneficiary and enabler of the ongoing artificial intelligence (AI) wave. Nvidia offers a full-stack AI platform, comprising cutting-edge AI-optimized hardware chips, a complete software ecosystem, high-speed networking solutions, and servers to enable clients to build "AI factories," or the essential infrastructure for AI-

Capital 246
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Ardian raises $3.2bn for sixth-generation co-investment platform

Private Equity Wire

Private investment house Ardian has raised $3.2bn for the sixth generation of its global co-investment platform, Ardian Co-Investment Fund VI, including fund commitments and mandates from Ardian Customized Solutions. This represents a 23% increase on funds raised by Ardian’s fifth generation co-investment fund, Ardian Co-Investment Fund V, in 2019. The new fund attracted 188 investors globally, including from Europe, the Americas, the Middle East and Asia.

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Why Broadcom Stock Surged 21% Higher in June

The Motley Fool

Shares of Broadcom (NASDAQ: AVGO) were off to the races last month, soaring 21% in June, according to data from S&P Global Market Intelligence. The semiconductor specialist delivered robust financial results and made an announcement that boosted investor sentiment. A beat and raise courtesy of the AI revolution Early last month, Broadcom kicked off the festivities with the results of its fiscal second quarter, which ended May 5, and investors cheered.

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GSB launches debt and equity capital markets division

Private Equity Wire

Financial services group GSB has launched GSB Capital, a new division focussing on debt and equity capital markets for individual and corporate clients, which will be headed by Grant Bergman. As part of the growth plan, GSB Capital is aiming to launch a co-investment vehicle later this year, which, according to a press statement, will allow it to “further support disruptive, innovative and impactful businesses globally” Bergman previously launched and led private company advisory tea

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Should You Buy Broadcom Stock Hand Over Fist Before Its 10-for-1 Stock Split?

The Motley Fool

Broadcom 's (NASDAQ: AVGO) share price nearly doubled last year. The stock is up over 45% so far in 2024. That's great news for shareholders. However, for some investors, this tremendous success pushed Broadcom's share price so high (over $1,600) that they were reluctant to buy. That won't be a problem for too much longer. In its first-quarter update a few weeks ago, Broadcom announced plans for a 10-for-1 stock split after the market close on July 12, 2024.

Banks 246
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K Health Raises $50M in Funding

FinSMEs

K Health, a NYC-based provider of an AI primary care platform, raised $50M in funding. The round was led by Claure Group, with participation from investors including Pablo Legorreta (founder and CEO of Royalty Pharma), and existing investors Mangrove Capital Partners, Valor Equity Partners, and Atreides Management, LP. The company intends to use the funds […] The post K Health Raises $50M in Funding appeared first on FinSMEs.

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1 Solid AI Stock That's Not Nvidia to Keep an Eye On in the Second Half of 2024

The Motley Fool

Artificial intelligence (AI) is undoubtedly one of the biggest trends in our generation, one that could rival (some argue even surpass) that of the internet. The rise of AI would lift many companies to new heights while sending some to the brink of extinction. For instance, Nvidia , a leading supplier of graphics processing units (GPUs) for AI computation, saw its market capitalization briefly surpass Microsoft to become the most-valuable company in the world before retreating slightly to occupy

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Anbogen Therapeutics Raises USD 7.5M in Series A+ Funding

FinSMEs

Anbogen Therapeutics, Inc., a Taipei, Taiwan-based clinical-stage company developing cancer therapies, raised USD 7.3M in Series A+ funding. The round was led by KGI Venture Capital and both new and existing investors. The company intends to use the funds to support the Phase II clinical trial of ABT-301 in combination with PD-1 inhibitors for treating […] The post Anbogen Therapeutics Raises USD 7.5M in Series A+ Funding appeared first on FinSMEs.

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These 3 High-Yield Midstream Stocks Are Set to Soar in the Second Half of 2024 and Beyond

The Motley Fool

Pipeline and midstream energy stocks have had a strong start to 2024. This can been seen in the performance of major sector exchange-traded funds (ETFs) such as the Alerian Energy Infrastructure ETF (NYSEMKT: ENFR) , up about 18% year to date, and the Alerian MLP ETF (NYSEMKT: AMLP) , up nearly 17%. The latter only includes the stocks of midstream companies structured as master limited partnerships (MLPs) , while the former includes midstream companies structured as both MLPs and corporations.

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LiveOak Fiber Secures $250M in Financing

FinSMEs

LiveOak Fiber, a Brunswick, GA-based regional broadband service provider, raised $250M in financing. The financing underwritten by J.P. Morgan. The company intends to use the funds to continue its progress and expand further into new and existing communities. Led by CEO Jody Craft, LiveOak Fiber is an all-fiber broadband service provider, dedicated to providing fast connectivity […] The post LiveOak Fiber Secures $250M in Financing appeared first on FinSMEs.

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Better Streaming Service Stock: Alphabet vs. Netflix

The Motley Fool

The news that Alphabet 's (NASDAQ: GOOGL) (NASDAQ: GOOG) YouTube claimed the largest share of TV viewership in May may seem difficult to comprehend. While traditional TV has declined for some time, many might assume that a streaming site like Netflix (NASDAQ: NFLX) would win over the most viewers. Despite this victory, it may leave investors confused as to which streaming service stock might serve them better.

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Kimbel Mechanical Systems Receives Investment From Good Springs Capital

FinSMEs

Kimbel Mechanical Systems, Inc., a Fayetteville, AR-based mechanical contractor, received an investment from Good Spring Capital. 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 Rob Kimbel, Kimbel is a national mechanical contractor that specializes in servicing residential and commercial […] The post Kimbel Mechanical Systems Receives Investment From Good Springs Capital appeared first on FinSMEs.

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Intel Stock Is Down, but Is It Also Out?

The Motley Fool

Intel (NASDAQ: INTC) is a stock that investors could easily dismiss. The longtime leader in the semiconductor industry has been eclipsed by Nvidia and AMD -- and amid the staggering costs of entering the foundry business, many investors have turned their backs on the chipmaker. The good news for Intel is that artificial intelligence (AI) has led to a massive spike in semiconductor demand.

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SprayVision Raises Series A Funding

FinSMEs

SprayVision, an Ostrava, Czech Republic-based company which specializes in process control and simulation of paint coating operations, raised an undisclosed amount in Series A funding. The round was led by Momenta with participation from J&T Ventures. The company intends to use the funds to accelerate its operations, creating an industrial impact through innovative process control and […] The post SprayVision Raises Series A Funding appeared first on FinSMEs.

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Nvidia Led the Market Higher in the First Half of 2024, but Another "Magnificent Seven" Stock Is Poised to Power the Market in the Second Half

The Motley Fool

The first half of 2024 has been a strong one for the stock market, and the clear leader driving that growth has been Nvidia (NASDAQ: NVDA). The stock of the chipmaker has been on a meteoric rise over the past five years and that momentum continued into the first half of 2024 with the stock up over 150%. With the first half of the year now behind us, though, it is time to look for a stock that can potentially help power the market higher in the second half.

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Kanvas Biosciences Secures Additional $12.5M in Funding

FinSMEs

Kanvas Biosciences, Princeton, NJ-based spatial biology company, raised additional $12.5M in funding. The round, which brought the total amount to $29.5M, was led by DCVC and Lions Capital LLC, and participation from FemHealth Ventures, Germin8, Ki Tua Fund, and Pangaea Ventures as well as existing investors. Paul Theunissen, Managing Partner at Lions Capital Partners LLC, will join the company’s Board, and Ashlie L […] The post Kanvas Biosciences Secures Additional $12.5M in Funding

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4 Things You Must Know if You Deposit $10K Into Your Bank Account

The Motley Fool

Image source: Getty Images If you have $10,000 or more to deposit at your bank, you're probably eager to get it into your account where the funds will be safe and accessible. Before you head down to your local branch, though, there are a few key points you need to know when you have a very large deposit to make. Here are four of them. 1. The Bank Secrecy Act requires the bank to report it to the IRS If you have a deposit of $10,000 or more, a law called the Bank Secrecy Act actually requires the

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