A Wealth of Common Sense

NOVEMBER 9, 2023

A reader asks: Can you please explain why financial media personnel keep saying the 60/40 is dead but they are not saying target date funds are dead? Last year was one of the worst years ever for a 60/40 portfolio of U.S. stocks and bonds. These are the 10 worst calendar year returns for a portfolio comprising the S&P 500 and 10 year Treasuries going back to 1928: By my calculations, 2022 was the third worst year for.

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The Motley Fool

NOVEMBER 7, 2023

Leading gene therapy company CRISPR Therapeutics (NASDAQ: CRSP) had quite the memorable day on the market Tuesday. Following the release of encouraging quarterly results, bulls ran rampant on the stock, and it closed almost 14% higher. Meanwhile, the bellwether S&P 500 index could only muster a 0.3% bump today. A notably narrower net loss in CRISPR's third quarter CRISPR, which is a relatively early-stage company with sporadic revenue, did not record any take on the top line in its third qua

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PE Hub

NOVEMBER 7, 2023

Tri-State was founded in 1977 and acquired by long-time employee Tristan Taylor in 2015. The post HCI Equity Partners recaps automotive accessories provider Tri-State Enterprises appeared first on PE Hub.

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Private Equity Insights

NOVEMBER 10, 2023

(Bloomberg) — The Abu Dhabi Investment Authority, which controls almost $1 trillion in assets, is part of the KKR & Co.-led consortium acquiring Telecom Italia’s landline network. ADIA is one of the controlling investors of acquisition vehicle Optics Bidco, according to a statement that Telecom Italia filed late Monday. The sovereign wealth fund’s involvement was first reported by Bloomberg in July.

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A Wealth of Common Sense

NOVEMBER 5, 2023

American households have never been wealthier but that wealth is not evenly distributed. The top 10% controls more than 70% of the total wealth in this country as of year-end 2022.1 The good news is, there are those outside of the top 10% who are catching up. Based on the latest estimates from the Federal Reserve there are around 16 million American households with a net worth of $1 million or more.

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The Motley Fool

NOVEMBER 10, 2023

Shares of renewable energy company Plug Power (NASDAQ: PLUG) plunged 41.3% through 11:05 a.m. ET Friday morning after the company reported a big earnings miss last night. Heading into Q3, analysts weren't exactly optimistic about Plug, predicting the hydrogen fuel cell manufacturer and hydrogen gas producer would lose $0.30 per share on sales of only $238.9 million -- yet Plug managed to underperform even these predictions.

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Private Equity Insights

NOVEMBER 10, 2023

UK private equity firm Inflexion is selling off Chambers and Partners five years after it acquired it, in a deal valued at more than £400m. According to the Financial Times , the business is being sold to US investment group Abry Partners. Inflexion bought the legal ranking and insights business in March 2018, in what City A.M. understood at the time to be between £35m and £50m.

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A Wealth of Common Sense

NOVEMBER 10, 2023

Boring old money market funds are the hottest thing in fund flows this year. Just look at the massive amount of money that has poured into these things: There’s a good reason these funds saw stagnating asset growth in the 2010s — there was no yield. Now there is. Bloomberg’s Eric Balchunas and Jeff Seyffart show how banks and fund companies across the board are vacuuming up money now that money market f.

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The Motley Fool

NOVEMBER 10, 2023

Nvidia has been one of the hottest artificial intelligence (AI) stocks on the market in 2023, with its shares having more than tripled thanks to the way AI has supercharged the its revenue and earnings growth. However, Nvidia isn't the only stock that has won big from the proliferation of AI. Shares of Super Micro Computer (NASDAQ: SMCI) have matched Nvidia's returns in 2023 with gains of 208%.

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PE Hub

NOVEMBER 9, 2023

As part of the transaction, the combined company will be led by Greg Munves as CEO. The post ParkerGale scoops up two market intelligence firms Gap Intelligence and Deep.ad appeared first on PE Hub.

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Companies 224

Private Equity Insights

NOVEMBER 10, 2023

PSG Equity (PSG), a growth equity firm partnering with software and technology-enabled services companies in Europe, North America and Israel to help accelerate their growth, has held the final close of PSG Europe II (PSGE II), the firm’s second Europe-focused fund, with more than €2.6 billion in commitments Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up PSGE II, one of the largest growth equity funds raised to invest exclusively in Eur

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High Net Worth Individuals Private Equity Firms Private Equity Firms Pension Funds 130

A Wealth of Common Sense

NOVEMBER 7, 2023

People have a hard time accepting competing ideas at the same time. Humans are averse to discomfort so when that happens our brains work really hard to reduce that feeling. Cognitive dissonance makes it difficult to see both sides of an argument. Everything is either good or bad with no middle ground. And so it is with the economy. Some people think the current economic environment stinks.

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The Motley Fool

NOVEMBER 10, 2023

The S&P 500 (SNPINDEX: ^GSPC) gained nearly 6% during the first week of November, marking its best weekly performance of the year. That upward momentum was broad-based in nature: 159 stocks in the S&P 500 (nearly one-third of the index) also had their best weeks of the year, according to The Wall Street Journal. The primary driver of that momentum was action (or lack thereof) taken last week by the Federal Reserve.

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PE Hub

NOVEMBER 6, 2023

Recochem is a Montreal-based manufacturer, marketer and distributor of aftermarket transportation and household fluids. The post UK-based CapVest acquires Recochem from HIG Capital appeared first on PE Hub.

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Capital 222

Private Equity Insights

NOVEMBER 10, 2023

New York-based private equity firm Harvest Partners (Harvest), has closed it latest buyout fund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target. HP IX is 30% larger than the firm’s previous private equity fund, which raised $4.1bn in 2019 and has been fully deployed. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Founded in 1981, Harvest has over 40-years of history of

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Private Equity Professional

NOVEMBER 10, 2023

RidgeLake Partners has made a minority investment in Gridiron Capital. RidgeLake was formed by OA Private Capital (Ottawa Avenue Private Capital) and Apogem Capital, a subsidiary of New York Life, as a platform to acquire non-control equity interests in middle market private equity firms. “RidgeLake’s investment and partnership with Gridiron will allow us to accelerate… This content is for members only.

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The Motley Fool

NOVEMBER 10, 2023

Fool.com contributor Parkev Tatevosian compares QuantumScape (NYSE: QS) and ChargePoint (NYSE: CHPT) to answer which is the best stock to buy today. *Stock prices used were the afternoon prices of Nov. 8, 2023. The video was published on Nov. 10, 2023. 10 stocks we like better than ChargePoint When our analyst team has a stock tip, it can pay to listen.

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Returns Investors Investing 246

PE Hub

NOVEMBER 9, 2023

The pre-employment testing services of Biddle Consulting Group operating under the name TestGenius were not part of the acquisition. The post LLCP-backed Resolution Economics picks up Affirmative Action Plan and acquired practice groups appeared first on PE Hub.

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Consultants Consulting 220

Private Equity Insights

NOVEMBER 10, 2023

SWEN Capital (SWEN), a European private equity firm with over €7.7bn in AUM, has held the final close of the second vintage of its European infrastructure fund, SWIFT 2, an impact fund dedicated to renewable gas investments at €580m. The fund raised more than twice its original target, and more than three times the final close of its predecessor fund SWIFT 1.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Funds Capital 130

Private Equity Professional

NOVEMBER 10, 2023

Great Range Capital has held a final close of Great Range Capital Fund III LP at its hard cap with $250 million of limited partner commitments. Great Range invests in Midwest-based companies that have revenues ranging from $20 million to $150 million and at least $3 million of EBITDA. Sectors of interest include niche manufacturing,… This content is for members only.

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The Motley Fool

NOVEMBER 10, 2023

Image source: Getty Images Every year, the IRS makes inflation adjustments to the U.S. tax brackets to make sure the rates are applying to the same amount of spending power. The 2024 figures were just announced, and because inflation remained at a historically high level throughout 2023, the income ranges that correspond to each marginal tax rate are increasing substantially for the 2024 tax year.

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PE Hub

NOVEMBER 6, 2023

The wind farms are located about 100 kilometers from the German North Sea coast and began operating in 2019 and 2020 The post CPP Investments to exit 24.5% stake in German offshore wind assets appeared first on PE Hub.

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Stakes Assets Investing 217

Private Equity Insights

NOVEMBER 10, 2023

Nordic Capital is to acquires a majority share in IntegriChain, a provider of pharmaceutical technology, data, consulting, and outsourcing solutions designed to improve how life sciences products reach customers. IntegriChain delivers ICyte, a fully integrated platform for commercialisation and market access, helping manufacturers bring their science to market while ensuring patients have affordable, timely, and sustainable access to therapy.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Capital Consulting 130

Private Equity Professional

NOVEMBER 7, 2023

Lower-middle-market investor Kian Capital Partners has hired Jimbo Izlar as a new vice president. Mr. Izlar will be based in Atlanta, and he will be active with investment sourcing and screening, due diligence, transaction execution and portfolio management. “An integral part of Kian’s investment thesis is providing first institutional capital to founder/owner-operated businesses and working… This content is for members only.

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Due Diligence Transaction Execution Capital Portfolios 130

The Motley Fool

NOVEMBER 10, 2023

Shares of Medical Properties Trust (NYSE: MPW) fell hard on Friday, down 8.6% on the day. The hospital-focused real estate investment trust (REIT) has been absolutely hammered this year, as quickly rising interest rates have not only hurt valuation, but also forced the company to grow at a slower pace and attempt to de-lever the business with asset sales.

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PE Hub

NOVEMBER 7, 2023

Robert W. Baird & Co. and Kirkland & Ellis LLP advised LLCP and Smith System in connection with the transaction. The post MidOcean buys workplace safety training provider Smith System from LLCP appeared first on PE Hub.

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Private Equity Insights

NOVEMBER 10, 2023

Following a challenging year marked by rising interest rates and slower growth, successful private equity firms are adapting to the changing environment, according to Dechert’s 6th annual Global Private Equity Outlook report. According to the report, which surveyed 100 senior-level executives at private equity firms based in North America (45%), Europe, the Middle East & Africa (EMEA) (35%) and Asia-Pacific (APAC) (20%) with assets of more than $1bn, 94% are likely to pursue take-private tra

Private Equity Firms 130

Private Equity Firms Private Equity Firms Stakes Finance 130

Private Equity Professional

NOVEMBER 7, 2023

H.I.G. Capital has sold Recochem, a provider of industrial and household fluids, to CapVest Partners. H.I.G. will maintain a minority equity interest in Recochem in partnership with CapVest. Recochem is a manufacturer of branded, private label and bulk automotive aftermarket and household fluids used in consumers and industrial applications. The company’s products include windshield wiper… This content is for members only.

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Capital 130

The Motley Fool

NOVEMBER 10, 2023

If you thought 2023 was an exciting year for artificial intelligence (AI), wait until you see what 2024 has to offer. Although the AI revolution was unofficially kicked off in late 2022 when ChatGPT rose to fame, 2023 saw many incredible releases by some of the biggest tech names in the industry. 2024 will surely bring more of the same, as many of these products are starting to be launched to broader, business-focused audiences.

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Shareholders Investors Returns Companies 246

PE Hub

NOVEMBER 6, 2023

Medical Specialists of the Palm Beaches is a primary care-focused, multi-specialty physician group practice in South Florida. The post Ascend Partners-backed MSPB acquires concierge medicine practice Colton and Kaminetsky appeared first on PE Hub.

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Private Equity Insights

NOVEMBER 10, 2023

A private equity consortium led by Permira and Blackstone, is in advanced negotiations over a deal to acquire European online classified ads business Adevinta ASA in what would be one of the biggest buyouts of the year, according to a report by Bloomberg. The report cites unnamed sources with knowledge of the matter as revealing that the consortium is hoping to reach an agreement on the terms of the acquisition, which will be financed with private credit, as early as next week.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Buyout Finance 130

Private Equity Professional

NOVEMBER 7, 2023

Kohler has agreed to spin out its energy business, Kohler Energy, as a separate, independent business, to Platinum Equity with Kohler maintaining a minority interest in the business. This transaction has been valued at up to $3 billion. Kohler Energy was formed by Kohler in April 2023 to consolidate its power businesses under one umbrella… This content is for members only.

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The Motley Fool

NOVEMBER 9, 2023

Image source: Getty Images With grocery prices through the roof, your credit cards have probably been getting a workout. But you can do your bank account a favor by stocking up on some Costco frozen food items. Here are some top picks that deserve a place in your freezer. These items are delicious and can form the basis for quick, affordable meals on nights you don't really feel like cooking.

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Banks Accounting Finance Financing 246

PE Hub

NOVEMBER 6, 2023

Currently, Parkview manages 22 dental practices that provide both general dentistry and specialty dental services. The post Parkview Dental Partners secures investment from Cathay Capital appeared first on PE Hub.

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Capital Investing 214