Sat.Sep 21, 2024 - Fri.Sep 27, 2024

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Synthetic biology can save us – if it gets the capital it needs

Top 1000 Funds

In years gone by, governments underwrote the development of new technologies before opening the doors to the private sector to exploit the applications. Today, the private sector is the primary source of R&D funding, and foundational research in technologies such as biotech are struggling to attract capital.

Capital 128
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Buy Gas at Costco? Watch Out for This Scam

The Motley Fool

Image source: Getty Images Fueling up for less is one of the ways people save money at Costco (even if it occasionally means waiting in a line of cars to do so). On average, Costco gas is less expensive than area competitors. What keeps this perk so exclusive, however, is that you're required to scan your membership card at the pump. This can be your physical card or a digital card through the Costco app.

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The Middle Class: Feelings vs. Finances

A Wealth of Common Sense

Gallup has a poll that asks Americans what income strata they belong in. The results are relatively stable over the past 20+ years: Most people say middle class while very few people think they are upper class. The Pew Research Center has a new tool that allows you to enter your income and see where it is you fit both nationally and locally. Their numbers show the Gallup poll is right on the money as far as middle-class.

Financing 142
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MiB: Kyla Scanlon on Vibecessions & Gen Z

The Big Picture

This week, we speak with Kyla Scanlon , creator, host of YouTube’s,“Let’s Appreciate” podcast , writer of daily short-form videos about economy + markets. She has been published at Bloomberg, New York Magazine, FT, and the NYT. Her new book “ In This Economy?: How Money & Markets Really Work ” just came out this Summer. We discuss how she came up with the idea of a “ Vibecession ” and how it became a popular New York Times guest essay.

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Kainos promotes two to Partner

Private Equity Wire

Kainos Capital (Kainos), a food and consumer-focused private equity firm, has promoted David Gassko and Jeff Moredock to Partner. Gassko and Moredock were both previously Principals, and each have over a decade of experience in the food and consumer sectors. Gassko joined Kainos in 2013 as an Associate, having begun his career as an investment banker with Wells Fargo.

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Better Artificial Intelligence (AI) Stock: Nvidia vs. AMD

The Motley Fool

The semiconductor industry has received a big lift from the growing adoption of artificial intelligence (AI) technology in multiple industries ranging from data centers to smartphones to personal computers, which explains why the PHLX Semiconductor Sector index has clocked healthy gains of 20% so far in 2024. Nvidia (NASDAQ: NVDA) has been one of the biggest beneficiaries of the fast-growing demand for AI chips.

Returns 246

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Ajeej Capital, Nuwa Capital launch $100m MENA-focused tech debt investment fund

AltAssets

Amplify Growth Partnership, a collaboration between Ajeej Capital and Nuwa Capital, has revealed a $100m fund targeting debt deals for MENA-based tech companies. The post Ajeej Capital, Nuwa Capital launch $100m MENA-focused tech debt investment fund appeared first on AltAssets Private Equity News.

Debt 97
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The trait that will define ‘the California model’, according to CalPERS

Top 1000 Funds

Allocation to climate solutions and the ability to generate alpha from that across asset classes are what will define the future “California model”, according to CalPERS managing director of sustainable investment, Peter Cashion.

Assets 98
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CrowdStrike Caused 1 of the Biggest IT Outages Ever. You'll Never Believe What Its CEO Said Is Happening With the Business Now.

The Motley Fool

On July 19, a defect in a software update from cybersecurity specialist CrowdStrike (NASDAQ: CRWD) caused one of the largest IT outages in history. Around the world, flights were canceled, financial institutions were unable to process transactions, and investors started panicking. At the time of the outage, shares of CrowdStrike were trading near all-time highs.

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Rate Cuts & Historical Market Analogues

A Wealth of Common Sense

Studying market history has made me a better investor. Calculating historical performance data is one of my go-to moves for this blog. It helps provide some insight into the potential risks and range of outcomes in the markets. Market history also helps keep you grounded. It’s important to understand the booms and busts — the South Sea Bubble, the panic of 1907, the roaring 20s, the Great Depression, the Nifty.

Investors 117
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Luxembourg private debt market surpasses €500bn

Private Equity Wire

Despite global market challenges, assets under management in Luxembourg’s private debt market increased by 21% to €510bn from June 2023 to December 202, compounding on last year’s AuM growth of 51%, according to a survey by Association of the Luxembourg Fund Industry (ALFI). As well highlighting the ongoing appetite for private debt funds domiciled in Luxembourg, the annual KPMG Private Debt Fund Survey 2024 reveals that while North America continues to be an area of strong investment focu

Debt 96
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EQT misses €5bn target for new infra fundraise, closes vehicle on €2.9bn

AltAssets

EQT has closed its latest infrastructure fund on €2.9bn - well below the €5bn it was initially targeting for the vehicle. The post EQT misses €5bn target for new infra fundraise, closes vehicle on €2.9bn appeared first on AltAssets Private Equity News.

Funds 93
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Want $100 a Year in Costco Savings? Here's How to Get It

The Motley Fool

Image source: Getty Images If you're joining Costco , you get to choose between two membership tiers. Costco's basic Gold Star membership costs $65 per year, while the Executive membership costs double at $130. At first, you might think that getting the more expensive membership doesn't make sense. But you should know that the Executive membership comes with one giant perk -- 2% cash back on your purchases.

Finance 246
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Planning For Early Retirement

A Wealth of Common Sense

The Roth Man himself, Bill Sweet, joined me on the show this week to discuss questions about taxes in marriage, retirement withdrawal strategies, the tax implications of selling farmland and how to manage tax rates in early retirement.

Taxes 109
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L Catterton acquires majority stake in pilates chain Solidcore

Private Equity Wire

Buyout firm L Catterton, backed by luxury conglomerate LVMH, is to acquire a majority stake in the pilates studio operator Solidcore from VMG Partners, Peterson Partners, and Kohlberg & Company in a deal that values the fitness chain at $700m, according to a report by Reuters. The report cites unnamed sources familiar with the matter as confirming that L Catterton will hold its stake in Solidcore, which is known for its intense 50-minute workout sessions on its proprietary “Sweatlana” reform

Stakes 96
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Proptech specialist Era Ventures raises $88m debut fund

AltAssets

Era Ventures, a venture capital firm focused on positive change in the built world, has launched ints inaugural $88m fund. The post Proptech specialist Era Ventures raises $88m debut fund appeared first on AltAssets Private Equity News.

Funds 97
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Is Stock-Split Stock Super Micro Computer Headed to $729 per Share?

The Motley Fool

Companies that decide to split their stock -- increasing share count and decreasing per-share price -- are usually doing quite well. Most companies don't announce stock splits unless their shares have climbed significantly over time. However, there are occasions when a stock split occurs during a rocky period for the company's shares. This is the case for Super Micro Computer (NASDAQ: SMCI) , whose stock is down 35% since its split announcement in early August.

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Unified view boosting appeal of total portfolio approach

Top 1000 Funds

The changing nature of volatility in financial markets and a more client-centric approach that allows allocations to be tailored is helping more institutions adopt a total portfolio approach (TPA) to investment management, the Fiduciary Investors Symposium at Stanford University has heard.

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Citi and Apollo agree $25bn private credit tie-up

Private Equity Wire

Citigroup Inc and Apollo Global Management Inc have announced a strategic partnership to target $25 billion in private credit transactions over the next five years, marking a significant expansion into the rapidly growing sector, according to a report by Bloomberg. The partnership, which also includes Mubadala Investment Co and Apollo’s insurance unit, Athene, will initially focus on non-investment grade lending in North America.

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Madison Dearborn names Vahe Dombalagian to lead firm as co-CEOs step back

AltAssets

Private equity major Madison Dearborn Partners has revealed its new leadership, with Vahe Dombalagian promoted to managing partner and co-CEOs Tom Souleles and Tim Sullivan stepping back to become vice presidents. The post Madison Dearborn names Vahe Dombalagian to lead firm as co-CEOs step back appeared first on AltAssets Private Equity News.

Buyout 94
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A Little Good News for Nio Investors

The Motley Fool

The future of the automotive industry is almost certainly electric vehicles (EVs), even if growth has been slower than once anticipated. An even more intriguing investment opportunity is found overseas with Chinese EV makers as they are heavily subsidized by the government, boast leading technology, and produce vehicles that are well-received. In July, for the first time, sales of electric vehicles took a 51% market share of China's overall new passenger vehicle market.

Investors 246
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Smartsheet to be Acquired by Blackstone and Vista Equity Partners for $8.4 Billion

Blackstone News

The post Smartsheet to be Acquired by Blackstone and Vista Equity Partners for $8.4 Billion appeared first on Blackstone.

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Aztec Group appoints US Head of Private Credit

Private Equity Wire

Fund and corporate services administrator Aztec Group has appointed Todd Werner as US Head of Private Credit, with responsibility for developing and implementing strategy and expanding Aztec Group’s presence in the US market. According to a press statement, Werner will also play a key role in developing Aztec’s Private Credit business in the United States by “supporting the evolution of best practice, financial governance and strategic considerations related to the processing a

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Spain’s Miura Partners brings 2024 fundraising to over €800m with hard cap Fund IV close

AltAssets

Spanish buyout house Miura Partners has pulled in €475m for the hard cap final close of its fourth fund. The post Spain’s Miura Partners brings 2024 fundraising to over €800m with hard cap Fund IV close appeared first on AltAssets Private Equity News.

Buyout 92
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Cathie Wood Says Software Is the Next Big AI Opportunity -- 1 Spectacular Stock You'll Regret Not Buying if She's Right

The Motley Fool

Cathie Wood is the head of Ark Investment Management, which operates a family of exchange-traded funds (ETFs) focused on innovative technology stocks. Last year, Wood said software companies could be the next big opportunity in the artificial intelligence (AI) industry. She predicts they will eventually generate $8 in revenue for every $1 they spend on AI data center chips from suppliers like Nvidia.

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UniCredit lifts stake in Commerzbank to 21%

Financial Times M&A

Italian bank says purchase will complete only once it receives regulatory approval to increase holding from 9%

Stakes 103
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Pictet raises over $200m for thematic private equity Technology Fund II

Private Equity Wire

Pictet Alternative Advisors (PAA), an independent unit of the Pictet Group which manages hedge fund PE and real estate investments, has held the final close of the second vintage of its technology-focused thematic private equity fund at more than $200m. Managed by Stanislas Chanavat, Chuang Zhu, Nicolas Schwyn and Jacqueline Xu, the Technology strategy targets high-conviction investment opportunities in the key segments of enterprise software, data & AI, cybersecurity and fintech.

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Green campaigners lambast UN climate summit hosts for clinging to fossil fuels

Financial Times: Moral Money

Also in today’s newsletter, an interview with the chief executive of ESG darling Schneider Electric

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1 Unstoppable Semiconductor ETF That Could Turn $200,000 Into $1 Million

The Motley Fool

The artificial intelligence (AI) revolution wouldn't be possible without semiconductors. They fill the data centers that developers use to build AI models, and they power the computers and devices we use to access the technology. Picking the winners and losers in the semiconductor space won't be easy because the pace of innovation is staggering. Nvidia had a market capitalization of $360 billion at the start of 2023, and less than two years later, it now stands at a whopping $3 trillion!

Returns 246
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Commerzbank warns UniCredit merger is threat to German businesses

Financial Times M&A

German bank says potential multibillion tie-up with Italian rival could hit lending to Mittelstand companies

Banks 103
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TPG acquires minority stake in wealth manager Homrich Berg at $1bn valuation

Private Equity Wire

Private equity firm TPG has agreed to buy a minority stake in Homrich Berg, an investment that will allow the wealth management firm to pursue growth opportunities, according to a report by Reuters citing a joint statement from the companies. While financial terms of the deal have not been released, then report cites unnamed sources as revealing that TPG’s investment valued Homrich Berg at around $1bn.

Stakes 91
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The Big China Long?

Pension Pulse

By Liz Lee and Ellen Zhang of Reuters report China launches late stimulus push to meet 2024 growth target: China's central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back towards this year's roughly 5% target. More fiscal measures are expected to be announced before China's week-long holidays starting on Oct. 1, after a meeting of the Communist Party's top leaders showed an increa

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Why Intel Stock Wasn't Lighting a Fire Under Investors on Friday

The Motley Fool

Some investors probably saw a missed opportunity with the latest news about Intel (NASDAQ: INTC) on Friday. A media report claimed that the company rebuffed a buyout offer of one of its less popular business units. As a result, an ambivalent market traded the chip maker's stock sideways. It ended up closing flat on the day, marking an only slightly better trading session than the marginally declining S&P 500 index.

Investors 246
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Can Andrea Orcel be stopped from buying Commerzbank?

Financial Times M&A

UniCredit chief faces stiff opposition from German government and irritation within the ECB

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