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Quantum Capital has raised more than $10bn in capital commitments from a plethora of funds across private equity, private credit and structured capital platforms. All of the capital platforms are focused on the energy sector. Up to $5.25bn was raised in its private equity flagship Quantum Energy Partners VIII, $2.8bn was raised for its structured […] The post Quantum Capital rakes in $10bn capital commitments from a selection of funds appeared first on AltAssets Private Equity News.
Image source: The Motley Fool. First Solar (NASDAQ: FSLR) Q3 2024 Earnings Call Oct 29, 2024 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, everyone, and welcome to First Solar's third quarter 2024 earnings call. This call is being webcast live on the investors section of First Solar's website at investor.firstsolar.com.
Eagle Merchant Partners (EMP), an Atlanta-based private equity firm specializing in franchise and multi-unit businesses, has acquired a majority stake in Sam the Concrete Man (SamCo), the largest residential concrete services franchisor in the United States. SamCo is a franchised provider of driveway and sidewalk repair, patio installations, and other residential concrete projects.
The UK is to raise taxes on performance fees, or “carried interest,” for private equity fund managers from 28% to 32%, effective April 2025 — a smaller increase than many in the industry had anticipated, according to a report by Reuters. In her budget announcement, UK finance minister Rachel Reeves outlined the tax hike as part of broader capital gains tax increases affecting most asset classes.
Berkshire Partners, a private equity firm that prioritises the middle market, has officially closed its Berkshire Fund XI with around $7.8bn in total commitments. Berkshire claims this makes the Fund its largest since its formation in 1986. Fund XI was oversubscribed, something the firm claims underscores the investors’ support for its multi-sector middle market investment […] The post Berkshire Partners closes Fund XI with $7.8bn in capital commitments appeared first on AltAssets Private
Thanks to the advent of the internet, information is no longer at a premium for everyday investors. Between earnings season -- the six weeks every quarter where a majority of S&P 500 companies report their operating results -- and weekly economic reports, investors can become overwhelmed and allow important data to slip through the cracks. You might not realize it, but what can easily be described as the most important data dump of the third quarter occurred in mid-August.
L2 Point Management has announced the closing of its first structured equity fund, L2 Point Opportunities Fund I LP (“Fund I”), with $312 million in capital, exceeding its target. Combined with an additional $148 million raised through Fund I co-investment vehicles, the firm’s total capital raised reaches $460 million. Limited partners in Fund I include a range of public pension plans, foundations, insurance companies, funds of funds, and high-net-worth individuals.
Godspeed Capital Management, a lower middle-market private equity firm focused on defence & government services, solutions, and technology investments has appointed Ton Ruthers as its new Chief Financial Officer. Rutherford joins from Camden Partners, an enterprise software growth equity firm, where he was previously Chief Financial Officer and Chief Compliance Officer.
Godspeed Capital Management, a lower middle-market private equity firm focused on defence & government services, solutions, and technology investments has appointed Ton Ruthers as its new Chief Financial Officer. Rutherford joins from Camden Partners, an enterprise software growth equity firm, where he was previously Chief Financial Officer and Chief Compliance Officer.
Verdane, a European private equity firm, has raised €700m for its second fund dedicated to companies driving economic decarbonisation. As per Reuters, the fund, known as Verdane Idun II, more than doubled the hard cap of its predecessor, underlining the growing demand from a range of institutional investors from pension schemes to endowments and insurers, […] The post Verdane secures €700m in landmark decarbonisation fund appeared first on AltAssets Private Equity News.
Palantir Technologies (NYSE: PLTR) seems to be in the right place at the right time. Investor optimism about artificial intelligence (AI) is rising, while global tensions could boost demand for the company's military targeting and analytics software. But with Palantir's shares already up by 161% in 2024, how much longer can the bull run last? Let's dig deeper into what the next five years could have in store.
Canaccord Genuity has announced the addition of Lance Maerov to its U.S. investment banking team as a managing director within the technology, media, marketing, and information services (TMMIS) group. Mr. Maerov joins Canaccord Genuity from Dinmont Ridge , a firm he founded in 2023 to provide advisory services to private equity and strategic investors.
Private-credit firm 5C Investment Partners, founded by former Goldman Sachs partners, has secured $1.6bn to launch its direct-lending initiative, targeting senior direct-lending deals, according to a report by Bloomberg. The report cites the company’s founders and Co-Managing Partners, Tom Connolly and Michael Koester, as confirming that the funding includes leverage and a co-investment programme, with Liberty Mutual Investments and Michael Dell’s family office, DFO Management, as anchor p
Private equity behemoth TPG has raised almost $5bn for its second climate-focused fund, with commitments currently reaching $4.4bn. According to Axios, a SEC filing has detailed that whilst it has raised $4.4bn from its Rise Climate II Fund, it expects commitments to reach $4.96bn. The Fund secured commitments from Saudi and UAE-located funds, bringing in […] The post TPG close to raising $5bn for its Climate Fund II appeared first on AltAssets Private Equity News.
Nvidia 's (NASDAQ: NVDA) stock surged 2,750% over the past five years as the artificial intelligence (AI) market exploded. Nvidia once generated most of its sales from gaming GPUs for PCs, but the rise of generative AI platforms drove more companies to buy its high-end data center GPUs -- which are used to process complex AI tasks more efficiently than stand-alone CPUs.
Regal, a NYC-based customer-centric contact center software, closed a $40m funding round. Emergence Capital was the lead investor while Founder Collective and Homebrew both contributed. The company intends to use the funds to accelerate the rollout of its AI Phone Agents for contact centers tailored for healthcare, education, insurance, and local/home services – including specific […] The post Regal Raises $40M in Funding appeared first on FinSMEs.
General Atlantic, renowned for early-stage tech investments in companies like Facebook and Uber, is establishing its first office in the Middle East, led by Ziyad Baeshen, to focus on sourcing new investment opportunities in the region, according to a report by Bloomberg. The new office will aim to deepen connections with regional entrepreneurs and explore investments in sectors including technology, healthcare, financial services, consumer markets, and climate initiatives.
Stax LLC has appointed Sagar Bansal as a Director in its London office, enhancing its consulting expertise in private equity. With over ten years in strategy consulting, Bansal has advised on more than 100 deals, focusing on sectors like FinTech and RegTech. His experience spans significant engagements with large and mid-cap private equity and corporate […] The post Stax strengthens its London team with Sagar Bansal appointment appeared first on AltAssets Private Equity News.
Image source: The Motley Fool. Royal Caribbean Cruises (NYSE: RCL) Q3 2024 Earnings Call Oct 29, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Royal Caribbean Group third-quarter 2024 earnings call.
Image source: The Motley Fool. Prudential Financial (NYSE: PRU) Q3 2024 Earnings Call Oct 31, 2024 , 11:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to Prudential's quarterly earnings conference call. [Operator instructions] As a reminder, today's call is being recorded.
Image source: The Motley Fool. Lemonade (NYSE: LMND) Q3 2024 Earnings Call Oct 31, 2024 , 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello, and welcome to the Lemonade Q3 2024 earnings call. My name is Maxine, and I'll be coordinating today's call. [Operator instructions] I will now hand over to Yael Wissner-Levy, VP of communications to begin.
Image source: The Motley Fool. Ford Motor Company (NYSE: F) Q3 2024 Earnings Call Oct 28, 2024 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, everyone. My name is Layla, and I will be your conference operator today. At this time, I would like to welcome you to the Ford Motor Company third quarter 2024 earnings conference call.
Image source: The Motley Fool. Cigna Group (NYSE: CI) Q3 2024 Earnings Call Oct 31, 2024 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by for the Cigna Group's third quarter 2024 results review. [Operator instructions] As a reminder, ladies and gentlemen, this conference, including the Q&A session is being recorded.
Image source: The Motley Fool. Anheuser-Busch InBev/NV (NYSE: BUD) Q3 2024 Earnings Call Oct 31, 2024 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome to AB InBev's third quarter 2024 earnings conference call and webcast. Hosting the call today from AB InBev are Mr. Michel Doukeris, chief executive officer; and Mr.
Image source: The Motley Fool. fuboTV (NYSE: FUBO) Q3 2024 Earnings Call Nov 01, 2024 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the fubo third quarter 2024 earnings call.
This biggest question in artificial intelligence is rapidly changing from how to use it to how to power it. AI data centers demand massive amounts of power to run the compute necessary to make applications like ChatGPT work. In fact, powering its computers is the biggest cost for the AI start-up and industry bellwether OpenAI, showing how crucial it is for AI companies to find affordable energy.
Market capitalization is the total value of a company's stock, or the amount of shares multiplied by the share price. It doesn't tell you anything about a company's performance or prospects, but it does tell you what the market thinks of it, to some extent. The more favored a stock is, the likelier it is to have a high market cap. However, most newer companies have lower market caps because they haven't even started growing.
Electric vehicle (EV) battery technology company QuantumScape (NYSE: QS) provided a business update last week and investors liked what they heard. The stock shot higher by more than 20% on that news. But reality set in this week as investors acknowledged there's still a long road for QuantumScape's technology to be commercially viable. That's led to a sharp decline in the stock this week.
Cathie Wood might be best known for her bullish stands on Tesla or Palantir , but recently the outspoken investor has been quietly building a position in up-and-coming fintech player SoFi Technologies (NASDAQ: SOFI). Right now, SoFi is Wood's fourth-largest position across her portfolio of exchange-traded funds (ETF) -- and she isn't the only one on Wall Street who remains optimistic.
A good way to help develop your investment prowess is by looking at the actions of acclaimed money managers. Sounds easy, but how exactly can you do that? Well, luckily, the Securities and Exchange Commission requires institutional investors managing over $100 million to file a form 13F once per quarter. You can think of a 13F as an itemized receipt, breaking down each trade Wall Street's brightest minds conducted during the quarter.
In this video, I will go over Amazon 's (NASDAQ: AMZN) third-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Oct. 31, 2024. The video was published on Oct. 31, 2024. Should you invest $1,000 in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to
Bill Gates has sat near the top of the list of the wealthiest people in the world for decades. The Microsoft (NASDAQ: MSFT) co-founder became the first-ever centibillionaire in 1999, 18 years before anyone else would reach that level of wealth. Around that time, he and then-wife Melinda established a non-profit aimed at improving healthcare and reducing poverty around the world.
Shares of Twilio (NYSE: TWLO) rocketed as much as 18% higher on Thursday, powered by an impressive earnings report. The stock cooled down to a still-impressive 16% gain by 3 p.m. ET. Twilio is leaving analyst targets in the dust The Street consensus had called for third-quarter earnings of roughly $0.86 per share on sales near $1.09 billion. Instead, Twilio's revenues rose 10% year over year to $1.13 billion.
It's difficult to believe, but a new year is almost upon us. It's not too soon to start thinking about which stocks you'll want to own in 2025, and which holdings you want to leave in 2024. As is always the case, you'll want to make these decisions on a case-by-case basis. So how does real estate investment trust Realty Income (NYSE: O) stack up as we head toward 2025 (and beyond)?
The Vanguard Utilities ETF (NYSEMKT: VPU) has returned 30% year to date, outstripping the 23% return in the S&P 500 (SNPINDEX: ^GSPC). The utilities sector rarely outperforms the broader market, but this year has been an exception. Investors have piled into utility stocks on the premise that artificial intelligence will boost energy consumption.
For decades, big tech has been hunting for the next game-changing technology that could transform people's lives and add trillions to the global economy. Many think generative artificial intelligence (AI) could be the one. And Nvidia (NASDAQ: NVDA) has benefited from a surge in demand for its AI-capable chips to power the new industry. But with its shares up 193% so far in 2024, is it too late for new investors to bet on the company?
Social Security has a serious problem. The cost of paying benefits is rising faster than revenue from taxes and trust fund interest as the baby-boom generation enters retirement. Consequently, the program has operated at a deficit in each year since 2021, and the trustees expect the problem to persist indefinitely until Congress intervenes. That situation is slowly depleting the OASI trust fund, the source of Social Security benefits paid to retired workers, spouses, and survivors.
Electric vehicle (EV) companies like Tesla (NASDAQ: TSLA) have experienced incredible growth over the past decade, but they have suffered from softening demand in major markets like the U.S. and Europe in 2024. Tough economic conditions headlined by high interest rates have pushed consumers to buy cheaper gas-powered cars. Plus, a recent study by Goldman Sachs suggests a lack of rapid charging infrastructure, and falling prices in the used market are becoming a concern as more EVs hit the road.
Image source: Getty Images If you're starting a small business, generally the first step is setting up the legal structure of your business. There are several options, even if you're running a solo operation, which can get confusing. Generally, a sole proprietorship (meaning a company owned by just one person who does all or most of the work on the business) will choose between remaining a sole proprietorship, which requires no paperwork at all, and an LLC.
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