Private Equity Wire
AUGUST 7, 2024
Private credit funds are currently in discussions to provide at least AUD1.5bn ($978m) in junior debt to support a potential buyout of Australian data centre operator AirTrunk, according to a report by Bloomberg citing unnamed sources sources familiar with the negotiations. These loans from direct lenders would complement an existing AUD7bn financing offer from banks, the sources said.
The Motley Fool
AUGUST 9, 2024
For nearly six decades, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been dazzling Wall Street with his investing prowess. Since taking over the role as Berkshire's chief in the mid-1960s, the aptly named "Oracle of Omaha" has overseen a cumulative return in his company's Class A shares (BRK.A) of greater than 5,180,000%, and has practically doubled up the average annual total return, including dividends, of the benchmark S&P 500.
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FinSMEs
AUGUST 5, 2024
stabble, a Dubai, UAE-based provider of a Solana-based protocol established to minimize financial loss by reducing operational costs, raised $2.5M in a combined pre-seed, seed, and private funding round. The round was led by Masterblox with participation from Dynamic Labs, Founder Heads, Spicy Capital, DuckDAO, Marshland Capital, and ZEMU VC. The company intends to use the funds for product development, marketing, security […] The post stabble Raises $2.5M in Funding appeared first on FinS
A Wealth of Common Sense
AUGUST 4, 2024
Boy that escalated quickly. Markets sold off in a hurry this week. The S&P 500 is down almost 6% from the recent highs. The Nasdaq 100 is in an 11% drawdown. After an extremely calm year, the past week or so has finally seen some volatility in the stock market. Here’s the thing — it’s what happened before this that was not normal: This really cool chart came out a couple of weeks ago (via Sherwood).
Blackstone
AUGUST 8, 2024
A powerful shift is underway in credit markets as private lenders partner with banks to finance real economy assets. This long-term secular trend has helped private credit markets expand rapidly, but we believe that we’re still in its early innings. In our view, there’s a $25 trillion-plus opportunity ahead that can continue to drive tremendous growth and opportunity for our clients.
The Motley Fool
AUGUST 9, 2024
Medical Properties Trust (NYSE: MPW) has offered a double-digit dividend yield for over a year. That big yield was a sign that the market didn't believe the real estate investment trust (REIT) would be able to maintain its dividend level, even after cutting it by nearly 50% last August. The market's skepticism proved to be correct. The healthcare REIT is indeed reducing its dividend again.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
A Wealth of Common Sense
AUGUST 8, 2024
Mr. Roth IRA himself, Bill Sweet, joined me again to discuss questions about credit unions vs. banks, how the wash sale rule works, student loan forgiveness vs. tax filing status, tax implications from the sale of a rental property and index funds vs. financial advisors. Further Reading: The Siren Song of Market Timing 1I’m using 10 year Treasuries as my bond proxy here.
Private Equity Wire
AUGUST 9, 2024
LGT Capital Partners is expanding its semi-liquid open-ended solutions with the addition of two new private equity and private credit vehicles, allowing investors to invest efficiently in the firm’s fully funded structures and the LGT Endowment. LGT has raised over $2bn in assets for the new investment vehicles, which provide institutional investors and wealth management clients with access to private markets strategies and liquidity.
The Motley Fool
AUGUST 9, 2024
Many seniors get most or all of their retirement income from Social Security. Because of this, the program's annual cost-of-living adjustments, or COLAs, are extremely important. The purpose of the Social Security COLA is to help ensure that benefits keep pace with inflation. And those COLAs are calculated based on inflation data -- specifically, from the third quarter of the year.
FinSMEs
AUGUST 8, 2024
Flyr, a San Francisco, CA-based technology company for the travel industry, raised $295M in funding. The $225m Series D round was led by WestCap and included investments from Avianca, BlackRock, Streamlined Ventures, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). In addition, Flyr received an additional $70m in credit led by […] The post Flyr Raises $295M in Funding appeared first on FinSMEs.
A Wealth of Common Sense
AUGUST 6, 2024
Three things I’m thinking about during the stock market correction: This is why I love markets. Everything was calm. There was no volatility to speak of this year. Then BAM! Stocks are tumbling around the globe. Investors are recalibrating on the fly. People are worried about a recession, an AI bubble bursting, the Fed’s inaction, the labor market, the Yen carry trade and a whole lot more.
AltAssets
AUGUST 9, 2024
Global Alternative Investment Management LLC ("Global Alts") has successfully closed its latest venture capital fund, as it marks a significant investment in Groq, an AI-innovator which specialises in producing high-speed generative AI chips. The post Global Alternative Investment Management LLC closes venture capital fund targetting Groq investment first appeared on AltAssets Private Equity News.
The Motley Fool
AUGUST 9, 2024
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett once referred in 2020 to Apple (NASDAQ: AAPL) as Berkshire's third business, following its insurance arm and the BNSF railroad. However, that may not be the case for much longer. The Buffett-led conglomerate unwound a large chunk of its stake in the iPhone maker in the second quarter, the company revealed in its recent earnings report.
FinSMEs
AUGUST 4, 2024
Hedra, a San Francisco, CA-based provider of AI-powered tools for generating video content with human characters, raised $10m in seed funding. Backers included Index Ventures, Abstract, and Andreessen Horowitz, as as well as Jon Barron, David Benhaim, Kevin Hartz, Greg Mark, Robyn Peterson, Nikhila Ravi, John Rogovin, Bilawal Sidhu, and Outset Capital.
Private Equity Wire
AUGUST 9, 2024
Mid-market private equity firm Sentinel Capital Partners has closed the merger of its portfolio company TranSystems with Gannett Fleming, another transportation infrastructure service firm and a portfolio company of OceanSound Partners. Terms of the transaction were not disclosed. TranSystems provides engineering, architecture, and design consulting solutions for US transportation end markets.
AltAssets
AUGUST 9, 2024
Valor Equity Partners, a PE investment with $17.5bn AUM, has closed its flagship fund at $2.35bn in commitments. The fund, Valor Equity Partners VI, was significantly oversubscribed from its $2bn target, according to the company. The fund received firm support from existing and new limited partners, including multinational corporations, sovereign wealth funds, family offices, endowments, […] The post Valor Equity Parters closes its flagship fund on $2.35bn first appeared on AltAssets Priva
The Motley Fool
AUGUST 9, 2024
The automotive industry is evolving rapidly, and it's forcing companies like Ford Motor Company (NYSE: F) to adapt on the fly. Just six years ago former Ford CEO, Jim Hackett, made an announcement that Ford would cease all passenger car production in North America other than the prized Mustang. Six years ago it made sense for the folks at the Blue Oval to focus almost entirely on SUVs and trucks, which brought in majority of profits, and leave the low-margin passenger car business to competitors
FinSMEs
AUGUST 8, 2024
Rewest, a Tampa, FL-based provider of an automation platform for managed service providers, raised $45M in funding. The round, which brought the total raised to $104m, was led by Sapphire Ventures, with participation from existing investors Meritech Capital and OpenView. The company intends to use the funds to accelerate the pace of innovation for its RPA […] The post Rewst Raises $45M in Funding appeared first on FinSMEs.
Private Equity Wire
AUGUST 9, 2024
Anduril Industries, a defence technology start-up, has raised $1.5bn in a fundraising round led by Founders Fund, the venture capital firm founded by Peter Thiel, and Sands Capital, which values the California-based start-up at $14bn. Anduril will use the proceeds to accelerate the production of autonomous weapons for the US military and its allies, as investment in the sector surges in response to the ongoing conflict in Ukraine.
AltAssets
AUGUST 8, 2024
TPG has reportedly raised $580m for its debut fund targeting life sciences investing - and has used its Rise Fund impact vehicle to support the vehicle. The post TPG said to seal $580m for first life science fund, uses Rise Fund to commit to vehicle first appeared on AltAssets Private Equity News. The post TPG said to seal $580m for first life science fund, uses Rise Fund to commit to vehicle appeared first on AltAssets Private Equity News.
The Motley Fool
AUGUST 9, 2024
One of the biggest movements in the pharmaceutical industry right now is developing medications for weight loss. Glucagon-like peptide-1 (GLP-1) agonists such as Ozempic, Wegovy, Rybelsus, Saxenda, Mounjaro, and Zepbound are transforming how diabetes and obesity are treated. What's amazing is that all of the medications listed above are manufactured by just two companies: Novo Nordisk (NYSE: NVO) and Eli Lilly (NYSE: LLY).
FinSMEs
AUGUST 8, 2024
375ai, a Palo Alto, CA-based decentralized edge data intelligence network, raised $5M in Seed funding. The round was led by 6th Man Ventures, Factor, Arca, EV3, Primal Capital, and Auros. The company intends to use the funds to expand operations and its development efforts. Led by CEO Harry Dewhirst, 375ai is dedicated to building a large decentralized edge data intelligence network which, with a […] The post 375ai Raises $5M in Seed Funding appeared first on FinSMEs.
Private Equity Wire
AUGUST 7, 2024
Veritas Capital, a $40bn private investment firm focused on companies that provide critical products, software, and services to government and commercial customers, is to acquire NCR Voyix’s cloud-based digital banking business for $2.45bn in cash. The terms of the transaction include a future additional contingent consideration of up to $100m. NCR Voyix’s digital banking platform is currently the largest independent platform of its kind in the United States.
AltAssets
AUGUST 9, 2024
Creative Planning, one of the largest independent wealth management firms in the U.S., is reportedly seeking to raise between $1bn and $4bn, according to a report by Citywire. The post Creative Planning eyeing capital rise of up to $4bn first appeared on AltAssets Private Equity News. The post Creative Planning eyeing capital rise of up to $4bn appeared first on AltAssets Private Equity News.
The Motley Fool
AUGUST 9, 2024
Spousal Social Security benefits sound pretty straightforward: You marry a qualifying worker, sign up for benefits, and receive monthly checks. This is all true, but it leaves out a few important details that retired couples and those nearing retirement need to know. Here are three key rules to keep in mind when planning your retirement budget and applying for spousal Social Security benefits.
FinSMEs
AUGUST 5, 2024
Hyperbolic, a New York-based provider of GPU resources and AI services through a cloud platform, raised $7m in seed funding. The round was led by Polychain Capital and Lightspeed Faction with participation from Chapter One, LongHash, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, Third Earth Capital, and angel investors like Balaji Srinivasan, Illia Polosukhin, […] The post Hyperbolic Raises $7M in Seed Funding appeared first on FinSMEs.
Private Equity Wire
AUGUST 7, 2024
First Reserve, a global private equity firm investing across energy, utility, and general industrial end-markets, has promoted Rohit Agarwal from Associate to Vice President. Agarwal is a member of the firm’s private equity investment team. He has contributed to investment funds and portfolio companies including Refuel, USA DeBusk and Hoover Circular Solutions.
AltAssets
AUGUST 7, 2024
The $145.5bn-managing New York State Teachers’ Retirement System has agreed to invest more than $800m across a string of private equity fundraises. The post NY pension giant commits more than $800m to buyout funds first appeared on AltAssets Private Equity News.
The Motley Fool
AUGUST 9, 2024
One of the clear and present trends driving the market since early last year is that of artificial intelligence (AI). Investors need only review the list of the world's most valuable companies to see this paradigm shift on full display. Indeed, seven of the top 10 are major players in the race to adopt generative AI, with others climbing the ranks at a breathtaking pace.
FinSMEs
AUGUST 6, 2024
Growlink, a Denver, CO-based controlled environment agriculture (CEA) provider of advanced IoT controllers, sensors, and cultivation software, raised $2M in Seed funding. The round was led by Casa Verde. Led by CEO Ted Tanner, Growlink is a provider of advanced agricultural technology solutions designed to optimize the cultivation process for cannabis growers.
Private Equity Wire
AUGUST 7, 2024
Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has held the final close of its Stonepeak Opportunities Fund at its revised hard cap of $3.15bn, after strong investor demand exceeded the original $2.5bn target. The fund, which targets core-plus and value-add opportunities in the middle-market infrastructure sector, including control investments as well as structured capital solutions, with a focus on communications, transport and logistics, and energy an
AltAssets
AUGUST 8, 2024
LGT Capital Partners has raised more than $2bn across a pair of its semi-liquid open-ended investment vehicles. The post LGT draws in more than $2bn for semi-liquid, open ended private credit, secondaries vehicles first appeared on AltAssets Private Equity News. The post LGT draws in more than $2bn for semi-liquid, open ended private credit, secondaries vehicles appeared first on AltAssets Private Equity News.
The Motley Fool
AUGUST 9, 2024
Fool.com contributor Parkev Tatevosian explains what the Super Micro Computer (NASDAQ: SMCI) stock split could mean for investors. *Stock prices used were the afternoon prices of Aug. 6, 2024. The video was published on Aug. 8, 2024. Should you invest $1,000 in Super Micro Computer right now? Before you buy stock in Super Micro Computer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Super Micro Com
FinSMEs
AUGUST 6, 2024
Nob Hill Therapeutics, an Albuquerque, NM-based an early-stage pulmonary medical device and therapeutics company, raised $3M in Series A funding. The round was led by Tramway Venture Partners and included investments from TCA Venture Group and VIC Technology Venture Development (which founded NHT). In connection with the financing, Chris Japp, Managing Partner of Tramway Venture Partners, […] The post Nob Hill Therapeutics Raises $3M in Series A Funding appeared first on FinSMEs.
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