Private Equity Wire
JULY 9, 2024
Norwest Capital Advisors (Norwest Capital) has held the final close of Norwest Equity Partners XI and Norwest Mezzanine Partners V with approximately $1.0bn and $400m of of total capital commitments, respectively. The funds, which will focus on investments in middle market buyout and mezzanine opportunities, attracted several large institutional investors as limited partners.
The Motley Fool
JULY 12, 2024
The Social Security program undergoes several important changes each year to keep benefits aligned with prices and wages, but the cost-of-living adjustment (COLA) is the most anticipated. COLAs are supposed to reimburse Social Security recipients for the buying power that benefits lost in the prior year. However, whether COLAs are truly serving that purpose is questionable.
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Private Equity Insights
JULY 12, 2024
An investor group backed by Clayton Dubilier & Rice and Permira has made a non-binding offer to take French cybersecurity company Exclusive Networks SA private at a value of about €2.2 billion ($2.4 billion). Investors would get €24 a share under the terms of the deal being discussed, Exclusive Networks said in a statement Tuesday, confirming an earlier Bloomberg News report.
The Big Picture
JULY 7, 2024
@TBPInvictus here If you’re tired of California-minimum-wage-and-its-impact-on-limited-service-restaurant-employment stories, I understand. Leave this page immediately. I’m tired of it, too, but some stories are so factually challenged that they demand a response. So, allow me to address a hot mess of a story that appeared recently in the California Globe.
A Wealth of Common Sense
JULY 7, 2024
I’ve been writing about the housing market for years now. It fascinates me to no end because housing is one of the most important decisions from a personal and financial perspective. In recent years, much of my focus has been on how broken the residential housing market is. Higher prices and mortgage rates have driven housing affordability to levels we’ve never seen before in the United States.
The Motley Fool
JULY 12, 2024
When it comes to Wall Street investing greats, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett is on a pedestal of his own. Since taking the reins at Berkshire in 1965, he's overseen a cumulative return in his company's Class A shares (BRK.A) of 5,028,429%, as of the closing bell on July 10. On an annualized basis, the "Oracle of Omaha" has practically doubled up the total return, including dividends paid, of the benchmark S&P 500 since the mid-1960s.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Sara Grillo
JULY 12, 2024
Question from a subscriber: “ I want to start writing articles as a guest blogger to attract new clients. How do I get started?” Guest blogging is when you write a blog on a one-time or periodic basis for a publication as a way to get known as an expert in a particular subject. You do this as a non-staff writer, or guest writer. Although you usually are not paid for guest blogging, you get exposure to the periodical’s audience – often in the tens of thousands.
A Wealth of Common Sense
JULY 12, 2024
Charley Ellis wrote a great book about the index fund revolution back in 2016. One of my favorite parts of the book is where Ellis looks at how Wall Street has changed in the past 50 years: MBAs were uncommon. PhDs were never seen. Commissions still averaged 40 cents a share. All trading was paper based. Messengers with huge black boxes on wheels, filled with stock and bond certificates, scurried from broker to broker tr.
The Motley Fool
JULY 12, 2024
Costco Wholesale (NASDAQ: COST) is finally scratching a seven-year itch. The leading warehouse club operator announced this week that it is boosting its annual membership prices by 8% in September. Its most popular entry-level Gold Star plan will increase from $60 to $65 a year, essentially jumping by the price of its signature $4.99 rotisserie chicken.
FinSMEs
JULY 10, 2024
Skild AI, a Pittsburgh, PA-based AI robotics company, raised $300M in Series A funding, at $1.5 Billion valuation. The round was led by Lightspeed Venture Partners, Coatue, SoftBank Group, and Jeff Bezos (through Bezos Expeditions), with participation from Felicis Ventures, Sequoia, Menlo Ventures, General Catalyst, CRV, Amazon, SV Angel, and Carnegie Mellon University.
Private Equity Wire
JULY 12, 2024
JP Morgan Private Capital, the venture and growth equity division of JP Morgan Asset Management, has added Joseph Siletto as a managing partner to its life sciences team, based in Boston, US. Siletto will work alongside Anya Schiess and Gaurav Gupta, reporting to Stephen Squinto. The team invests in healthcare companies, specifically within biotechnology, medical devices, health technology and services, as well as the diagnostics and tools subsectors.
A Wealth of Common Sense
JULY 9, 2024
Greg Ip at The Wall Street Journal penned a piece recently that warned potential homebuyers about the prospect of low returns from current levels: I don’t need to offer any more details from the story because you already know them. Housing prices are up a lot. Mortgage rates are also up a lot. This is a fair warning. We essentially pulled forward a decade’s worth of housing returns into the first few years of.
The Motley Fool
JULY 12, 2024
Intel (NASDAQ: INTC) stock gained 2.5% through 10 a.m. ET Friday on positive comments about the computer hardware titan's progress building a computer software business. As Reuters reports, Intel chief technology officer Greg Lavender painted a positive picture of Intel's software prospects, saying the company is on course for $1 billion in software sales through 2027.
FinSMEs
JULY 9, 2024
Accend, a NYC-based company helping fintechs and banks accelerate business customers’ onboarding process, raised $3.2M in Seed funding. The round was led by Adverb Ventures with participation from Y Combinator, General Catalyst, 645 Ventures, and angels from Brex, Stripe, and Carta. The company intends to use the funds to expand operations and its development efforts Co-founded by Joseph Zhou, Pranjal Daga and Yutong […] The post Accend Raises $3.2M in Seed Funding appeared first on
Private Equity Wire
JULY 12, 2024
Nordic Capital, a private equity investor investing in healthcare, technology & payments, financial services, as well as service & industrial tech, is to acquire a majority share in Sensio, a social care technology provider. The investment is being made in partnership with the company’s management, while Longship, the company’s previous majority owner since 2018, will also invest as a significant minority owner.
A Wealth of Common Sense
JULY 11, 2024
A reader asks: On this week’s episode, you guys mention that nobody uses the 4% rule. I have been tracking my annual expenses for the last few years and multiplying it by 25 as a ballpark figure of what I need to retire. Is this not a good way to estimate? If not, what do you suggest? Sorry if this is a dumb question, but yes, I have read this in a lot of blogs.
The Motley Fool
JULY 12, 2024
After a strong start to 2024, the crypto market suddenly fell by nearly 20% last month. While it is still well within bull market territory, the recent correction can present a compelling opportunity for investors looking to bolster their exposure. However, not every crypto is cut from the same cloth. Just because there is a widespread correction doesn't mean just any cryptocurrency is worth your hard-earned money.
FinSMEs
JULY 8, 2024
Biostate AI, a Palo Alto, CA-based scalable biodata foundry startup, raised $4M in funding. The round was led by Matter Venture Partners, with participation from Vision Plus Capital, Catapult VC, the Caltech Seed Fund, Dario Amodei (CEO of Anthropic), Joris Poort (CEO of Rescale), Michael Schnall-Levin (CTO of 10X Genomics) and Emily Leproust (CEO of Twist Bioscience).
Private Equity Wire
JULY 12, 2024
Platinum Equity Advisors, a US-based private equity form focussed on leveraged buyout investments of established companies in the US, Europe and Asia is to acquire aircraft landing gear specialist Héroux-Devtek Inc for $1.35bn, according to a report by Canadian Press. Héroux-Devtek shares closed at $25.32 on the Toronto Stock Exchange on Wednesday after news broke of the deal, which will see Platinum Equity maintaining and investing in Héroux-Devtek’s headquarters and other operations in Q
The Big Picture
JULY 6, 2024
Source: New York Times The NYT: The final votes in Britain’s parliamentary elections are still being counted, but one thing is crystal clear: After 14 years in power, the Conservative Party is out. More than that: It’s been thoroughly punished by the British public, reduced to barely 120 seats, the party’s worst result in its history. Several prominent figures — including former Prime Minister Liz Truss — lost their seats.
The Motley Fool
JULY 12, 2024
It's been a monster week for QuantumScape (NYSE: QS). The stock, which was down 22% this year until July 10, is now up 15% year to date as of this writing thanks to a massive development that sent it skyrocketing on Thursday. Shares of the electric vehicle (EV) battery start-up were trading 57% higher for the week through 11 a.m. ET Friday. QuantumScape's deal with Volkswagen is a huge milestone QuantumScape is building solid-state lithium-metal batteries for EVs and is yet to start commercial p
FinSMEs
JULY 9, 2024
Maximum Fidelity Surgical Simulations (MaxFi), a St. Louis, MO-based company providing lifelike cadavers to create highly realistic surgical simulations for medical education, raised $2.25M in Seed funding. The round was led by St. Louis Arch Angels, BioGenerator Ventures and Missouri Technology Corporation (MTC). The company intends to use the funds to expand operations and its development efforts.
Private Equity Wire
JULY 10, 2024
Blue Owl Capital, a €162bn alternative asset manager know for its private credit, GP strategic capital and real estate platforms, has appointed Antonis Maggoutas as a managing director and Head of DACH for its Institutional Business Development team. Based in the firm’s newly opened Frankfurt office, Maggoutas will oversee Blue Owl’s DACH sales and client services activities across all of the firm’s investment platforms, with the aim to engage with key clients and prospects acr
AltAssets
JULY 8, 2024
Mid-market buyout firm Behrman Capital is nearing a final close for its $500m-targeting Fund VII. The post Behrman Capital nears final close for $500m-targeting Fund VII first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 12, 2024
Archer Aviation (NYSE: ACHR) has a deal with Southwest Airlines (NYSE: LUV) to develop air taxi networks in California. It is a big sign of confidence in the "flying car" start-up and investors are excited about the development, sending Archer shares up 11% as of 11:30 a.m. ET. Take an air taxi to the airport! Archer is one of several companies working to develop electric vertical takeoff and landing (eVTOL) aircraft for commercial use. eVTOLs take off and land like helicopters, meaning they can
FinSMEs
JULY 9, 2024
The Lasso, a NYC-based provider of an online car bidding platform, raised $9.8M in funding. The round was led by Crosslink Capital and Manresa Ventures with participation from Contour Venture Partners, Liquid2 Ventures, Ritual Capital, Correlation Ventures, and others. The company intends to use the funds to expand operations and its development efforts.
Private Equity Wire
JULY 10, 2024
North Sky Capital (North Sky) has held the final close of its latest impact secondaries fund, Clean Growth VI (CG VI), with $250m of capital commitments from a range of investors including pension plans, foundations, wealth management platforms and family offices from across the United States, Canada, Brazil, Singapore and the UK/Europe. The goal of the fund is to generate strong private equity returns for its investors, while also creating positive environmental and social benefits.
AltAssets
JULY 12, 2024
Alpine Space Ventures, a German early-stage investor co-founded by former SpaceX exec Bulent Altan, has raised €170m to close its debut fund. The post Former SpaceX exec closes €170m fund targeting space-based connectivity, data startups first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 12, 2024
The artificial intelligence (AI) industry is still very young, but investors have already observed its incredible potential to create value. Nvidia , for example, added $2.8 trillion to its market capitalization since the start of 2023 alone. However, AI is evolving quickly, and picking the winners and losers over the long term won't be easy. Buying an exchange-traded fund (ETF) can be a great solution to that challenge for most investors.
FinSMEs
JULY 12, 2024
Byway, a London, UK-based travel tech startup, raised £5M in Series A funding. The round was led by Heartcore Capital, with participation from Eka Ventures and re-investing angels. The company intends to use the funds to accelerate the development of its journey-planning technology, JourneyAI, and to further enhance its expansion into new regions. Led by […] The post Byway Raises £5M in Series A Funding appeared first on FinSMEs.
Private Equity Wire
JULY 10, 2024
Blackstone has appointed Tyler Dickson, formerly Global Head of Investment Banking and Vice Chair of Banking & International at Citi, in a newly-created role leading client relations at Blackstone Credit & Insurance (BXCI). As Global Head of Client Relations, Dickson will oversee BXCI’s Institutional Client Solutions team, and more broadly partner on BXCI’s origination efforts with borrowers around the world.
XY Planning Network
JULY 8, 2024
As the world of financial advice continues to evolve from being mostly investment product-driven to delivering a one-time financial plan as a basis for investment recommendations and, more recently, toward ongoing, comprehensive financial planning advice, the tools advisors use to analyze client situations and generate insightful advice have also evolved.
The Motley Fool
JULY 12, 2024
The markets have been roaring as of late. Both the Nasdaq Composite and S&P 500 indexes are trading near all-time highs as investor optimism continues to soar. One stock that has enjoyed some new life is Tesla (NASDAQ: TSLA). From Jan. 1 to June 30, Tesla stock posted a decline of 20%. However, from July 1 through July 10, shares of Tesla soared by 25%.
FinSMEs
JULY 11, 2024
Buildots, a Santa Clara, CA-based AI construction software company, raised $15M in funding. The round was led by Intel Capital with participation from OG Tech Partners and previous investors. In conjunction with the financing, Lisa Cohen, Investment Director at Intel Capital, will join as a board observer. The company intends to use the funds to expand […] The post Buildots Receives $15M Investment From Intel Capital appeared first on FinSMEs.
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