FinSMEs

AUGUST 1, 2024

When, a Chicago, IL-based AI-powered offboarding solution designed to help employees navigate post-employment transitions and maintain access to healthcare by offering more affordable alternatives to COBRA, closed its latest Seed funding round of $4.6m. The round was led by B Capital and joined by TTV Capital, Joyance Partners, Alumni Ventures, Network Ventures, and Enfield Capital […] The post When Raises $4.6M in Seed Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 2, 2024

For nearly two years, Wall Street has been entrenched in a sensational bull market. In recent weeks, the ageless Dow Jones Industrial Average , broad-based S&P 500 , and innovation-fueled Nasdaq Composite all ascended to fresh record-closing highs. While there are a number of catalysts responsible for pushing the broader market to new heights, including a resilient U.S. economy and better-than-expected operating results for Wall Street's most-influential businesses, the rise of artificial in

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Top 1000 Funds

JULY 28, 2024

The Thinking Ahead Institute collaborated with the Future Fund and 25 other asset owners in an in-depth exploration of asset owner practices, the TAI Asset Owner Peer Study. These asset owners were carefully chosen for their robust governance, substantial size, and global perspectives.

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A Wealth of Common Sense

JULY 28, 2024

When you’re young, you spend a lot of time daydreaming about the type of person you’d like to become. I want to become a CEO, a politician, a business owner, an astronaut, an actor, an uber-rich person, etc. One reason the dreaded mid-life crisis exists is that expectations are often too high when you’re young. Reality punches you in the face in middle age.1 My antidote to a mid-life crisis involves some.

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FinSMEs

JULY 31, 2024

Ema, a San Francisco, CA-based generative AI company creating the universal employee of the future, added $36M to its Series A funding which now totals $50M. The round was led by Accel and Section 32 with participation from Prosus Ventures, Sozo Ventures, Hitachi Ventures, Wipro Ventures, SCB 10X, Colle Capital and Frontier Ventures. The company, which has […] The post Ema Adds $36M to Series A Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 2, 2024

Practically everyone building an artificial intelligence (AI) large language model relies on Nvidia (NASDAQ: NVDA) for its high-end graphics processing units (GPUs). Big tech companies like Alphabet , Microsoft , Amazon , Meta Platforms , and others have been committing billions of dollars to Nvidia just to get their hands on the next batch of chips.

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A Wealth of Common Sense

AUGUST 2, 2024

I enjoy reading and writing but I’m a visual learner. I like charts. Here are some crazy charts I’ve been thinking about lately. Torsten Slok shared a chart of gas prices going back to 2004: The average price over this 20+ year timeframe is around $3/gallon which isn’t too far from current levels. And $3.50/gallon today is not the same thing as $3.50/gallon in 2008.

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FinSMEs

AUGUST 1, 2024

Bee, a San Francisco, CA-based AI developer of a life admin wearable assistant, raised $7M in seed funding. The round was led by Exor with participation from Greycroft, New Wave VC, Banana Capital, and Brian Bedol. The company intends to use the funds to expand operations and its development efforts with launch set for Fall […] The post Bee Raises $7M in Seed Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 2, 2024

Bank stocks are ending the trading week on low note, down across the board much more than the broad market's setback of around 2.2%. As of 3:07 p.m. ET shares of JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) are lower to the tune of 5.1% and 6.9%, respectively, leading the charge lower in addition to setting an industrywide bearish tone. The prompt behind the selling?

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Private Equity Wire

AUGUST 1, 2024

Polish private equity firm Innova Capital Group, via its fund, Innova/6, has agreed to sell Optical Investment Group, a Romanian retailer of optical eyecare and eyewear products, to Italian-French multinational EssilorLuxottica. The transaction is expected to close in Q4 2024. Optical Investment Group was established in 2019 through a merger of Romanian optical retail chains OPTIblu and Optiplaza.

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AltAssets

AUGUST 2, 2024

Munich-based Golding Capital Partners has raised just over €100m for the first close of its latest co-investment fund. The post Golding grabs over €100m in first close of new co-invest fund first appeared on AltAssets Private Equity News.

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FinSMEs

AUGUST 1, 2024

Outpace Bio, a Seattle, WA-based cell therapy company using AI-powered protein design to program immune cells for improved function inside patients battling solid tumors, raised $144m in Series B financing. The Series B financing, which brought the total capital raised to approximately $200m, was led by RA Capital Management, with participation from new investors Qatar Investment Authority […] The post Outpace Bio Raises $144M in Series B Financing appeared first on FinSMEs.

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The Motley Fool

AUGUST 2, 2024

The stock market had a terrible end to the week, and very few companies were spared from the carnage. Three that were up are in the telecom industry and probably aren't on your list of top stocks right now. But maybe they should be. Despite the S&P 500 trading down 2.2% at 3 p.m. EDT, shares of Verizon (NYSE: VZ) have been up as much as 2.7%; AT&T (NYSE: T) was up 2.6%; and T- Mobile (NASDAQ: TMUS) was up 3.6% at its peak.

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Private Equity Wire

AUGUST 2, 2024

Dallas-based private oil and gas company Silver Hill Energy Partners has closed its second private equity fund, Silver Hill Energy Partners IV, with total capital commitments of $1.13bn. Silver Hill IV focuses on direct ownership, operation and control of onshore oil, natural gas and infrastructure assets in basins across the US. It was oversubscribed and received commitments from endowments, pension funds, medical and family foundations and family offices.

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A Wealth of Common Sense

AUGUST 1, 2024

Our resident insurance expert and financial advisor, Jonathan Novy, joined me on the show this week to discuss questions about life insurance vs. investing, HELOCs, taking out a loan to remodel your house and how the step-up basis works when one spouse passes away. Further Reading: The Fed Matters Less Than You Think 1There were a lot of theories about the reasoning for this at the time.

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FinSMEs

AUGUST 1, 2024

Tezi, a Menlo Park, CA-based autonomous AI recruiter, raised $9M in seed funding. The round was led by 8VC and Audacious Ventures, with participation from Liquid 2, Afore, Prime Set, and South Park Commons, as well as angel investors including the founding CEOs of Instacart and Thumbtack. The company intends to use the funds to […] The post Tezi Raises $9M in Seed Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 2, 2024

Semiconductor company and artificial intelligence (AI) darling Nvidia (NASDAQ: NVDA) might just be the most well-known company on the planet right now. Considering the enormous role Nvidia plays in the AI movement, it seems like the entire technology sector hinges on how Nvidia's business is performing. So far in 2024, Nvidia has grown its market cap by 127% -- currently hovering around $2.8 trillion.

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Private Equity Wire

AUGUST 2, 2024

Federated Hermes Private Equity has promoted Brooks Harrington, previously Deputy CIO and Head of US Investment, to CIO, Private Equity. In his new role, Harrington is responsible for the investment team and investment performance. He joined in 2015 from GE Capital, where he served as Associate. Harrington replaces Peter Gale, who held the role of CIO and Head of Private Equity for over 15 years.

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AltAssets

AUGUST 1, 2024

Lower mid-market private equity house Hidden Harbor Capital Partners has continued its powerful increase in fund size with the $800m final close of Fund III. The firm previously collected just over $265m for its debut fundin 2019, and followed that with more than $450m for its sophomore vehicle in 2022. Never miss a story! Click to […] The post Hidden Harbor scores another big fund size jump with $800m Fund III final close first appeared on AltAssets Private Equity News.

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FinSMEs

JULY 31, 2024

Noze, a Montreal, Canada-based leader in breath-based diagnostics, secured a $5m equity investment from the Bill & Melinda Gates Foundation. The funding follows two previous grants from the foundation, bringing its total contribution to $6.8m. The company intends to use the funds for further development of its disease detection platform for deployment in low and middle-income countries.

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The Motley Fool

AUGUST 2, 2024

Image source: Getty Images Last year, my husband and I had to replace our 17-year-old Prius with a newer vehicle. We knew we weren't ready to take the leap into a full-fledged EV, but we wanted a car that would offer comparable gas mileage to our Prius, only with more room. We landed on the Toyota RAV-4 Prime, a plug-in hybrid SUV. It seemed like a good middle ground solution, given that a full-fledged EV wasn't what we wanted.

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Private Equity Wire

AUGUST 2, 2024

Eurazeo, through its mid-large buyout team and co-investors, has completed its acquisition of Eres Group for over €350m, marking the fifth transaction for its ECV fund, which is now more than 40% deployed. Eurazeo is investing alongside the management, employees and founders of Eres Group. Founded in 2005 and based in Paris, Eres Group provides consulting and structuring, asset management and distribution of employee savings plans, retirement plans and employee share ownership plans.

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Walkner Condon Financial Advisors

JULY 30, 2024

Walkner Condon Financial Advisors recently had the honor of being selected for the USA Today/Statista “Best Financial Advisory Firms in the US” as the #18 best firm nationally and #1 in Wisconsin.

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FinSMEs

AUGUST 2, 2024

Type One Energy, a Knoxville, Tenn.-based provider of sustainable fusion power, closed its $82.4m seed financing round. Backers included Centaurus Capital, GD1, Foxglove and other funds from Australia. In addition to bringing new investors into the fusion sector, Type One Energy received commitments from long-time investors in the industry, including Breakthrough Energy Ventures (BEV) co-founder […] The post Type One Energy Group Closes $82.4M Seed Financing Round appeared first on FinSMEs

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The Motley Fool

AUGUST 2, 2024

For much of the past year, Microsoft (NASDAQ: MSFT) enjoyed the esteemed title of the world's most valuable public company. An artificial intelligence (AI)-fueled boost -- and underperformance from Apple -- helped propel Microsoft into the top spot, but a recent sell-off erased more than $300 billion in market cap over the past month (as of July 29).

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Private Equity Wire

AUGUST 1, 2024

DWS has added Max Elliott-Taylor as CLO Portfolio Manager to its EMEA alternative credit team, effective immediately. Based in London, Elliot-Taylor reports to Dan Robinson, EMEA Head of Alternative Credit. Elliot-Taylor’s appointment follows those of Vlado Spasov as Head of Capital Solutions in April; Roscoe Roman as Senior Investment Manager for EMEA Alternative Credit in March; and Dan Robinson as EMEA Head of Alternative Credit last November.

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AltAssets

JULY 30, 2024

Healthcare investor Amulet Capital has raised about $1.2bn for the final close of its third fund - almost double the total it collected for its predecessor vehicle. The post Amulet Capital almost doubles fund size again with $1.2bn Fund III final close first appeared on AltAssets Private Equity News.

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FinSMEs

JULY 29, 2024

SePRO Corporation, a Carmel, Indiana-based specialty environmental restoration company focused on water quality, received an investment from Stanley Capital Partners and Goldman Sachs Alternatives. Stanley Capital Partners made a majority investment while Goldman Sachs Alternatives joined as a minority co-investor. The financial details for this transaction were not disclosed.

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The Motley Fool

AUGUST 2, 2024

Image source: Upsplash/The Motley Fool There's a lot of weird information on the internet about a lot of stuff. But boy, does it love get-rich-quick schemes that promise you'll make a bunch of money while doing almost nothing. The truth, of course, is a lot different. What you end up with is a system that doesn't work, an extra job that wastes your precious time, or a con job that just sucks in your money like a reverse firehose.

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Private Equity Wire

AUGUST 1, 2024

NorthWall Capital, a credit investment firm providing private capital solutions to counterparties in Western Europe, has appointed Scott Carpenter as its new Chief Operating Officer. Carpenter replaces Founding Partner and Chief Operating Officer Ian Lokkerbol, who is retiring to pursue a career in nature conservation. Carpenter most recently spent 11 years at Alpha Wave Global, a $19bn AUM global investment company focused on private equity, private credit and public markets, his last role bein

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AltAssets

JULY 31, 2024

EB-SIM and Union Investment have raised €500m for the second close of their renewable energy fund. The post EB-SIM, Union Investment reach €500m for renewable energy investment fundraise first appeared on AltAssets Private Equity News.

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FinSMEs

AUGUST 1, 2024

Protect AI, a Seattle, WA-based artificial intelligence (AI) and machine learning (ML) security company, raised $60M in Series B funding. The round was led by Evolution Equity Partners with participation from 01 Advisors, StepStone Group, Samsung, and existing investors Acrew Capital, boldstart ventures, Knollwood Capital, Pelion Ventures, and Salesforce Ventures.

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The Motley Fool

AUGUST 2, 2024

The airline sector is beginning to feel a squeeze, and no one is under more pressure than Spirit Airlines (NYSE: SAVE). Shares of the discount airline lost 17.8% in July, according to data provided by S&P Global Market Intelligence , after a mid-quarter update prompted discussions about a potential bankruptcy filing. A bad situation could get worse Spirit has been flying through a lot of headwinds.

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Private Equity Wire

AUGUST 2, 2024

Jefferies Financial Group has completed the previously announced sale of Italian wireless broadband provider OpNet’s operations to Wind Tre, a subsidiary of CK Hutchison Group Telecom Holdings. Under the terms of the sale, which was disclosed in February, Jefferies will receive net cash proceeds of approximately $317m between the 1 August closing date and H1 2025.

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