A Wealth of Common Sense
JUNE 30, 2024
Back in 2020 I wrote a quick rundown of the U.S. real estate market in charts to show how the pandemic was impacting the housing market. It’s been a few years so it’s time to update those charts. The existing home months’ supply measures the number of months it would take to sell all of the houses on the market at the current pace of sales: It’s well off the lows of late-2021/early-2022 and trendi.
The Motley Fool
JUNE 29, 2024
Professional fund managers are in charge of investing billions of dollars for investors. They're often highly educated, have years of investment experience, and get paid well for their skills and expertise. But the truth is most aren't worth the fees they charge. It doesn't take an advanced degree or special insider knowledge to do better than the vast majority of actively-managed mutual funds.
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FinSMEs
JULY 3, 2024
Vida, an Austin, TX-based provider of carrier-grade AI voice agents for small and medium-sized businesses (SMBs), raised $3M in Seed funding. The round was led by Stillmark. The company intends to use the funds to accelerate the deployment of its innovative AI voice solutions. Led by CEO Lyle Pratt, Vida is a provider of enterprise-grade AI […] The post Vida Raises $3M in Seed Funding appeared first on FinSMEs.
Top 1000 Funds
JULY 1, 2024
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
A Wealth of Common Sense
JULY 5, 2024
My personal finance pipedream for America is that we adopt something like Australia’s retirement system where workers are forced to save a certain percentage of their income for retirement. That pipedream will never happen because Americans hate being forced to do anything. You need to make people think that saving for retirement is their idea.
The Motley Fool
JULY 5, 2024
Croatian automaker Rimac announced a robotaxi concept last week, and Mobileye (NASDAQ: MBLY) is the one powering the company's autonomous driving technology. Could this be a path to millions of vehicles becoming fully autonomous? In this video, Travis Hoium covers the company's strategy to be a key technology provider. *Stock prices used were end-of-day prices of June 30, 2024.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Top 1000 Funds
JULY 3, 2024
OTPP has re-imagined the office with its new downtown Toronto headquarters. George Konidis explains how the premises will help attract top talent and support a new kind of working and collaboration.
Private Equity Wire
JULY 4, 2024
KnowBe4, a security awareness training and simulated phishing platform, has completed the acquisition of cyber security specialist Egress, the portfolio company of private equity firm Albion. Egress was founded in 2007 and offers a cloud email security platform using what it calls an adaptive security model, which leverages AI to assess human risk and provide email protection.
The Motley Fool
JULY 5, 2024
Artificial intelligence (AI) is the hot trend on the market today. While there is certainly some hype associated with it, AI looks to have some staying power and is poised to have a real effect on the economy. People and companies are using AI to use and create all kinds of transformative applications. Photo imaging that's never been done before and data analysis at unheard-of speeds are just two examples.
FinSMEs
JULY 1, 2024
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.
AltAssets
JULY 3, 2024
HitecVision, a veteran oil and gas investor for more than 30 years, is continuing to haul in capital targeting energy transition deals following its sharp pivot away from fossil fuels two years ago. The post HitecVision picks up LACERA Capital for second New Energy Fund following sharp pivot from fossil fuels first appeared on AltAssets Private Equity News.
Private Equity Wire
JULY 2, 2024
Nordics and Germany-based growth equity fund Nordic Alpha Partners has closed Fund II with €266m in commitments from Dutch bank ABN Amro, asset manager Unigestion, Danish holding company Novo Holdings and members of the Danish shipping family Maersk. Other investors include Allianz GI , European Investment Fund, G erman state fund KfW Capital and Copenhagen Infrastructure Partners.
The Motley Fool
JULY 5, 2024
For almost 60 years, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been wowing Wall Street with his investing prowess. Since becoming CEO in 1965, the affably dubbed "Oracle of Omaha" has overseen a nearly 4,950,000% aggregate return in his company's Class A shares (BRK.A). This explains why roughly 40,000 investors eagerly flock to Berkshire's annual shareholder meeting each year.
FinSMEs
JULY 3, 2024
Tembo, a Cincinnati, OH-based provider of a Postgres managed service for organizations to handle open-source database for transactional, analytical and AI workloads, raised $14M in Series A funding. The round was led by GreatPoint Ventures with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, Cintrifuse Capital, and angels.
AltAssets
JULY 1, 2024
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
Private Equity Wire
JULY 1, 2024
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
The Motley Fool
JULY 5, 2024
The financial services sector is one of the largest and oldest industries out there. But in the past decade or so, there has been tremendous innovation. That's because the internet and tech advancements have created new avenues for businesses to serve customers. This is precisely what SoFi Technologies (NASDAQ: SOFI) is doing. Its name recognition seems to get more powerful with each passing year.
FinSMEs
JULY 2, 2024
Uncaged Innovations, a NYC-based biomaterial company creating sustainable leather from grains at scale, raised $5.6M in Seed funding. The round was co-led by Green Circle Foodtech Ventures and Fall Line Capital, with participation from Ponderosa Ventures, Golden Seeds and existing investor InMotion Ventures, the investment arm of JLR (Jaguar Land Rover).
AltAssets
JULY 2, 2024
Ardian has agreed to buy a majority stake in DIAM, a specialist in the visual merchandising and shopfitting markets for the beauty and luxury sectors, alongside BNP Paribas Développement. Ardian previously invested in DIAM between 2016 and 2018. The company has continued to grow, and last year its sales exceeded €400m. Arnaud Difer, head of […] The post Deal Roundup: Ardian buys back into DIAM, Astorg ups Acturis stake to 52% first appeared on AltAssets Private Equity News.
Private Equity Wire
JULY 3, 2024
European private credit manager Pemberton Asset Management has held the first close of its new NAV strategic financing strategy at over $1bn of investible capital. The strategy, which provides financing solutions to private equity firms, secured investment from Abu Dhabi Investment Authority as anchor investor, Legal & General and others. According to a press statement, NAV strategic financing “capitalises on the growth of the private equity fund finance market to provide non-dilutive
The Motley Fool
JULY 5, 2024
Bank of America analyst Michael Hartnett took a cue from a classic Western film last year when he expanded on the idea of the FAANG stocks, dubbing his new set of the most important companies on Wall Street the " Magnificent Seven. " These commanding megacaps are: Microsoft (NASDAQ: MSFT) Apple (NASDAQ: AAPL) Nvidia (NASDAQ: NVDA) Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) Amazon (NASDAQ: AMZN) Meta Platforms (NASDAQ: META) Tesla (NASDAQ: TSLA) All of them remain dominant forces in today's market -
FinSMEs
JULY 2, 2024
Champaign, Illinois, United States, 2nd July 2024, Chainwire The post Pi Squared Raises $12.5 Million in Seed Funding Led by Polychain Capital to Build a Universal ZK Circuit Powered by Proof of Proof appeared first on FinSMEs.
AltAssets
JULY 2, 2024
American Discovery Capital has hit a $190 million final close for its sophomore fund, more than triple the total it collected for its 2019 debut vehicle. The post Merchant bank American Discovery Capital seals big fund size jump with $190m Fund II first appeared on AltAssets Private Equity News.
Private Equity Wire
JULY 2, 2024
European mid-market private equity firm Inflexion is to sell its investment in ITM, a data services and technology provider for the pensions market, to Lumera, a Sweden-based, private equity-backed insuretech company. According to a press statement, Inflexion supported ITM to complete three acquisitions and launch new services and software products, while the firm’s local expert supported the expansion of ITM’s back office operations into India.
The Motley Fool
JULY 5, 2024
There might not be anything harder than building a private spaceflight company. One company has done so with consistent commercial success -- SpaceX -- with other start-ups such as Blue Origin failing to gain much traction even with close to unlimited funding from their owners. The opportunity in front of these companies is enormous. Analysts expect the space economy to be worth more than $1 trillion within a decade, but few are seemingly up to the task.
FinSMEs
JULY 2, 2024
Rejuvenate Bio, a San Diego, CA-based biotechnology company dedicated to developing novel gene therapies for chronic age-related diseases, received $4M in grant from California Institute for Regenerative Medicine (CIRM). The company intends to use the funds to complete its IND-enabling activities for the development of RJB-0402 for the treatment of desmoplakin gene variant arrhythmogenic cardiomyopathy […] The post Rejuvenate Bio Receives $4M in Funding appeared first on FinSMEs.
AltAssets
JULY 4, 2024
Bain Capital is out eyeing the successor to its $11.8bn North America fund raised in 2021, new filings submitted to the US securities regulator show. The post Bain Capital back in market with new flagship North America fund, follow-up to $11.8bn Fund XIII first appeared on AltAssets Private Equity News.
Private Equity Wire
JULY 1, 2024
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.
The Motley Fool
JULY 5, 2024
Many people find investing daunting, and for good reason. Selecting individual investments can be a confusing, time-consuming, and stressful task. There's always a fear that you might be "wrong" even though everyone is wrong sometimes. Don't let that put you off. There's a simple way to get started, and all you need are two Vanguard exchange-traded funds (ETFs)!
FinSMEs
JULY 2, 2024
Redactive AI, a Melbourne, Australia-based provider of a developer platform that solves for the missing AI engineering and security skill sets lacking within enterprise software teams, raised $7.5M USD in Seed funding. The round was led by Felicis and Blackbird, alongside Atlassian Ventures and automation unicorn Zapier. The company intends to use the funds to […] The post Redactive AI Raises $7.5M USD in Seed Funding appeared first on FinSMEs.
AltAssets
JULY 4, 2024
Consumer-focused private equity investor L Catterton has brought in Bain Capital partner Miray Topay as head of the firm's London office. The post Bain Capital senior exec Miray Topay leaves after 11 years to head up L Catterton London office first appeared on AltAssets Private Equity News.
Private Equity Wire
JULY 2, 2024
Marathon Asset Management, a global credit manager with $23bn in AUM, and Webster Financial Corporation, the holding company for $76bn commercial bank Webster Bank, are to launch a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies. According to a press statement, “the partnership combines each firm’s credit expertise, private equity sponsor relationships and standing in the middle market with Marathon’s 26-plus years of expe
The Motley Fool
JULY 5, 2024
Image source: Getty Images If you spend enough time on social media, you'll find them: the financial security bros. They'll tell you how to become more financially secure with their 14-point plans, but they never really tell you what financial security means. This is probably, in part, because financial security can mean a lot of different things to different people, depending on their income and financial situation.
FinSMEs
JULY 1, 2024
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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