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Blackstone has reported stronger-than-expected earnings for the fourth quarter of last year, fuelled by a resurgence in dealmaking and early signs of stabilisation in the troubled commercial real estate (CRE) sector, according to a report by Reuters. The reports cites LSEG data as revealing that the worlds largest alternative asset manager posted a 56% surge in distributable earnings, reaching $2.2bn, or $1.69 per share, surpassing analyst expectations of $1.46.
Shares of Medtronic (NYSE: MDT) are off to a fantastic start in 2025, already rising by 13% year to date. The medical devices giant had some weakness in recent years amid disappointing trends from its diabetes segment, but it appears to have finally turned the corner with its increasingly diversified operating profile. Medtronic is capturing demand for its cutting-edge solutions, as recent product launches emerge to drive new growth.
Salt Creek Capital has exited its investment in King Tester Corporation (KTC) through the sale of the company to its current CEO, James Knight. Salt Creek originally acquired KTC in July 2015 in partnership with Mr. Knight. KTC is a manufacturer and supplier of metallurgical testing equipment. Its product lineup includes portable Brinell hardness testers, microscopes, digital and analog tension measuring instruments, and WDXRF (wavelength dispersive X-ray fluorescence) measurement products.
Private equity returns outperformed private credit in Q3 2024, marking a potential shift in market dynamics, according to State Street Corp. Private equity funds returned 3.09%, slightly edging out private credits 3.06%, driven by increased buyout activity, lower interest rates, and narrowing private debt spreads. State Streets Nan Zhang believes private equity could continue to gain momentum if inflation remains stable and buyout performance strengthens.
Image source: Getty Images Spoiler alert: I'm not about to give you three red-hot stock tips. Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts available today - enjoy peace of mind with competitive rates. But if I did, you'd be wise to ignore them. There are safer, more practical ways for everyday people to set themselves up for financial success.
TPG, Aermont, and Shurgard have placed non-binding offers for Access Self Storage, a privately owned network of storage facilities valued at over 1bn. Sources indicate that QuadReal Property Group, a Canadian property investor, is also in the bidding process. JP Morgan is overseeing the auction, which is anticipated to fetch well over 1bn. Blackstone, a leading private equity investor in real estate, reviewed the opportunity but opted not to participate.
TPG, Aermont, and Shurgard have placed non-binding offers for Access Self Storage, a privately owned network of storage facilities valued at over 1bn. Sources indicate that QuadReal Property Group, a Canadian property investor, is also in the bidding process. JP Morgan is overseeing the auction, which is anticipated to fetch well over 1bn. Blackstone, a leading private equity investor in real estate, reviewed the opportunity but opted not to participate.
LDC, the private equity investor which is part of Lloyds Banking Group, has strengthened its support for management teams across the UK with three senior hires in its Value Creation Partners (VCP) team. Mustafa Khanbhai joins as VCP Director, Commercial; Lizzie Meadowcroft as VCP Director, Operations, Carve Out & Integration; and Prashant Selvaratnam as VCP Director, Data Strategy & AI.
Many successful investors regularly invest new money. It's an under-appreciated, winning approach to the stock market. Here's why this approach is helpful: Individual stocks are prone to ups and downs. Furthermore, long periods of flat returns can unexpectedly be followed by sudden bursts higher. Additionally, new companies go public and new industries emerge, giving investors fresh opportunities.
NGP Energy Capital Management is considering selling Camino Natural Resources, a major private natural gas producer, in a deal that could be worth around $2bn, including debt. RBC Capital Markets has been hired to oversee the auction, which started earlier this month. A final sale is not certain, and NGP may decide to retain ownership. Neither NGP nor Camino have commented, while RBC has declined to address the matter.
Incline Equity Partners has announced the above-target final closing of Incline Ascent Fund II LP (Ascent II), with $500 million in committed capital. The closing of Ascent II follows the firms October 2023 closing of Incline Equity Partners VI LP , which secured $1.9 billion of capital. Earlier, in January 2022, Incline closed two funds: Incline Elevate Fund II LP , a $630 million fund focused exclusively on the lower middle market, and Incline Ascent Fund LP , which raised $310 million. “
Image source: The Motley Fool. AbbVie (NYSE: ABBV) Q4 2024 Earnings Call Jan 31, 2025 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning and thank you for standing by. Welcome to the AbbVie fourth-quarter 2024 Earnings Conference Call. [Operator instructions] Today's call is also being recorded.
Hong Kong, Hong Kong, 27th January 2025, Chainwire The post Movemaker: Aptos Growing Chinese-Speaking Region with Multi-Million-Dollar Support via its Official Community appeared first on FinSMEs.
After investing in Uber, Airbnb, OpenAI, and SpaceX, Leste Group has made Billor its latest bet. It committed a $330m credit facility and acquired a minority stake. The investment will help Billor enhance its technology platform and expand operations as it works toward its vision of empowering truck drivers to achieve financial independence. Leste will acquire truck leases from Billor until 2027.
Social Security only has nine years left until it becomes insolvent, and in light of the Social Security Fairness Act's recent passage , that might be too optimistic. The program is staying afloat by draining money from its trust funds, but it can't do that forever. Even in the worst-case scenario, benefits won't disappear completely. But cuts remain a possibility if the government doesn't find a way to increase the program's funding.
Private equity majors including Warburg Pincus, CVC Capital Partners and TPG are reportedly among bidders battling for a stake in Philippines private hospital business Metro Pacific, which could value it at about $3bn. The post Deal Roundup: PE heavyweights line up for $3bn Philippine hospital bidding, Gemspring exits OPEXUS to Thoma Bravo appeared first on AltAssets Private Equity News.
The Big Ten Conference is exploring private equity investment opportunities, signaling a shift in its approach to college sports financing. Investment bank Evercore, retained by the conference, has received initial offers from private equity firms, though details remain undisclosed. A conference spokesperson confirmed Evercores inquiries, stating that the Big Ten is assessing strategic partnerships to expand its business ventures, including events and sponsorships.
I'm at an age where most of my peers aren't retiring. But in recent years, I've seen a lot of my friends' parents retire, as well as older relatives of mine. And I've noticed a common trend -- diving headfirst into retirement without really thinking things through. Put bluntly, that's a mistake. And it's one I'd like to help more near-retirees avoid.
Early-stage life science investor Red Tree Venture Capital has picked up at least $133m towards its sophomore fund, targeting innovations coming out of West Coast academic and research institutions. The post Ex-TPG partner, Stanford bioengineering professor eye up to $350m for second Red Tree Venture fund appeared first on AltAssets Private Equity News.
Cogenuity Partners closed its first fund, Cogenuity Fund I, securing $425m in total commitments. The San Francisco-based private equity firm, founded in 2024, focuses on businesses within the advanced industrial economy, investing in companies that provide essential products, services, and equipment across high-value manufacturing, infrastructure solutions, critical industrial services, and industrial technology.
Cogenuity Partners (Cogenuity), a lower middle market private equity firm investing in businesses operating within the advanced industrial economy, has closed its inaugural fund, Cogenuity Fund I, with $425m in total capital commitments. Cogenuity formally commenced its fundraising process in August and received commitments from a diverse limited partner base that included a number of blue-chip investors, including endowments and foundations, insurance companies, funds-of-funds and strategic inv
Costco Wholesale (NASDAQ: COST) has routinely been a top retail stock to own. It's coming off a stellar performance in 2024, when its shares rallied nearly 39%. And there's good reason for that, as the company has continued to post strong, resilient growth numbers even as other retailers struggled due to rising costs. But the problem is that with the stock rising rapidly and now trading at an inflated valuation, near its all-time high, it could be ripe for a decline.
Manulife Investment Management has hit a third and final close for its Forest Climate Fund on more than $480m. The post LPs drawn to climate change mitigation help Manulife raise over $480m for Forest Climate Fund appeared first on AltAssets Private Equity News.
Blue Sage Capital closed its fourth private equity fund, Blue Sage Capital IV, at $618m, exceeding its $400m target and $550m hard cap. The Texas-based firm, known for investing in lower middle-market companies, raised more than twice the amount of its $300m predecessor fund. Investor demand for the fund was exceptionally strong, with Blue Sage securing backing from a diverse group of Limited Partners, including university endowments, charitable foundations, pension funds, large family offices,
NGP Energy Capital Management is considering selling Camino Natural Resources, one of the largest privately held natural gas producers in Oklahomas Anadarko Basin, in a deal that could value the company at around $2bn, including debt, according to a report by Reuters. The reports cites unnamed sources familiar with the matter as revealing that NGP has enlisted RBC Capital Markets to oversee the auction process, which formally began earlier this month.
The Internal Revenue Service (IRS) recently updated its rules concerning individual retirement accounts (IRAs) for 2025. The annual contribution limits will remain the same this year, as detailed below: Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. See the 10 stocks Taxpayers under age 50 can contribute $7,000 to an IRA in 2025.
Consumer-focused private equity house Meaningful Partners has picked up more than $150m for the above-hard-cap final close of its sophomore fund. LA-based Meaningful said the close of Dedicated Capital Vehicle II had pushed its assets under management to about $500m, targeting lower-mid-market and growth companies poised for rapid scaling. Never miss a story!
AnaCap has taken a majority stake in Edge Group, an Italian insurance broking platform, marking one of the first investments for its latest flagship fund. The deal follows AnaCaps acquisition of Yard Reaas in April 2024, further expanding its footprint in Italys financial services sector. Founded in 2014 and based in Milan, Edge provides a range of commercial insurance solutions, including liability, multi-risk policies, accident, and health coverage.
Global private equity dealmaking saw a 7% increase in buyout capital in 2024, reaching $511.6bn compared to $478.3bn in 2023, although the fundraising environment remained difficult, according to the Private Equity Q4 2024: Preqin Quarterly Update report. Europe stood out as the only region to record a quarter-on-quarter rise in deal value, with $31.8bn invested in Q4, a 7% increase from the previous quarter, accounting for 28% of the global total.
DeepSeek just took the market by storm, launching a large-language artificial intelligence (AI) model very similar to OpenAI's ChatGPT but at a fraction of the development cost, at least according to the Chinese start-up behind the technology. DeepSeek's mobile app has already been downloaded by millions, surpassing ChatGPT's download volumes across several major platforms.
Majuro, Marshall Islands, 30th January 2025, Chainwire The post Elastos Secures $20M Investment from Rollman Capital to Unlock Trillions in Bitcoin Finance appeared first on FinSMEs.
The Big Ten Conference is evaluating interest from private equity firms, a move that marks a potential shift from the basketball leagues past resistance to outside investment in college sports, according to a report from Sportico on Thursday. Investment bank Evercore, which was previously retained by the Big Ten, has begun fielding initial offers from private equity firms, sources told Sportico.
A lot has changed at General Electric, or what remains of the company, which is now known as GE Aerospace (NYSE: GE). In fact, 2024 was its first year after a dramatic company overhaul. There are very positive things going on here, and they haven't gone unnoticed. Which sets up the tough question of whether or not GE Aerospace is a millionaire-maker stock.
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