The Big Picture
AUGUST 12, 2024
I’m deep in my book writing work discussing federal debt when I see a tweet that simply epitomizes the entire genre. Full disclosure: My priors on federal debt are that I don’t know where the line of too much should be drawn, but I do know that none of the terrible things we were warned about over the past 50 years due to excess debt have come to pass.
The Motley Fool
AUGUST 16, 2024
Social Security benefits get annual cost-of-living adjustments (COLAs) to help beneficiaries keep pace with rising prices across the economy. Inflation has moderated in recent months, and that trend is expected to continue, so The Senior Citizens League (TSCL) recently revised its 2025 COLA forecast downward, albeit modestly. "The 2025 COLA prediction is about 2.57%, down from 2.63% last month," according to TSCL statistician Alex Moore.
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A Wealth of Common Sense
AUGUST 16, 2024
I’m a neat freak, so occasionally, I clean out my office and re-organize. While doing so earlier this week I came across an old Life magazine a reader sent me a number of years ago. It’s from June 1962 and the stock market was the cover story: The pictures are fantastic. So was the lede of the story: The signs, like rumblings of an Alpine ice pack at the time of thaw, had been heard.
FinSMEs
AUGUST 14, 2024
Consensus, a Boston, MA-based an provider of an AI-powered search engine for scientific research, raised $11.5M in Series A funding. The round was led by Union Square Ventures, whose previous Series A investments include Twitter, Coinbase, and MongoDB. USV is joined by a group of other investors including Perplexity lead investors Nat Friedman and Daniel Gross, and previous Seed […] The post Consensus Raises $11.5M in Series A Funding appeared first on FinSMEs.
The Big Picture
AUGUST 11, 2024
Our story so far : Stuck at home over the pandemic, it was a perfect time to revisit a pastime of my youth – buying cheap beater cars, and turning them into something fun and worthwhile. Only this time, I have a lifetime of experience with what does and doesn’t work well, along with a somewhat more generous budget. All of this got restarted about a decade ago; I was personalizing a 2013 flood salvage-title Rubicon ; it reminded me how much fun it was to do these little projects.
The Motley Fool
AUGUST 16, 2024
Despite taking shareholders on a very bumpy ride, Uber (NYSE: UBER) has been a huge winner. In the past 24 months, since August 2022, shares of this growth tech stock have skyrocketed 121%. Investors would've more than doubled their money owning this business, compared to a 34% return from the S&P 500 index. But is now the right time to buy Uber?
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
FinSMEs
AUGUST 12, 2024
Gaussion, a London, UK-based provider of a novel solution that enhances battery performance, raised $12M in Series A funding. The round was led by Autotech Ventures with participation from BGF and UCL Technology Fund. The company intends to use the funds to enable its market entry which includes producing and selling its products and potentially […] The post Gaussion Raises $12M in Series A Funding appeared first on FinSMEs.
Steve Sanduski
AUGUST 14, 2024
Guest: Erin Scannell , Chief Executive Officer of Heritage Wealth Advisors. In a Nutshell: When I talked to Erin Scannell in 2020, he was directing 50 team members, 18 advisors, and about $2 billion in AUM. Four years later, Heritage has doubled to $4 billion in AUM, and Erin is in charge of over 80 team members, including 20 advisors and a robust support team.
The Motley Fool
AUGUST 16, 2024
For those wondering why Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett garners so much attention on Wall Street, look no further than his track record. Since ascending to the CEO chair in 1965, he's overseen a greater than 5,230,000% aggregate return in his company's Class A shares (BRK.A) and nearly doubled up the benchmark S&P 500 's annualized total return, including dividends.
Wealthfront
AUGUST 14, 2024
Welcome to our Ask Wealthfront series, where we tackle your questions about personal finance and investing. Want to see your question answered here? Reach out to us on social media and we’ll try to address it in a future column. I’m saving for a house. Should I invest my down payment or keep it in […] The post Ask Wealthfront: Should I Invest My Down Payment?
FinSMEs
AUGUST 11, 2024
Myavana, an Atlanta, GA-based company which specializes in AI-driven personalized hair care, raised $5.9M in Seed funding. Backers included Prisma Ventures, H/L Ventures, New Age Capital, BrainTrust, Duo Partners, REFASHIOND Ventures, Resilient Ventures, Amazon, Reform Ventures, and NGC Capital. The company intends to use the funds to expand operations and consolidate its position.
A Wealth of Common Sense
AUGUST 15, 2024
My colleague Alex Palumbo joined us on the show this week to discuss questions about how to deploy a big chunk of cash savings, how to diversify out of company stock, benchmarking financial performance and how to think about alpha when it comes to choosing a financial advisor. Further Reading: The Holy Grail of Portfolio Management 1The S&P 500 was up 9.8% per year while the 10 year Treasury gained 4.6% annually from.
The Motley Fool
AUGUST 16, 2024
Never underestimate the power of a product launch into a large market, particularly in the auto industry. Scandinavian vehicle maker Polestar Automotive (NASDAQ: PSNY) announced that the production of its latest electric vehicle (EV) has begun in the U.S., and investors were clearly impressed with this news. According to data compiled by S&P Global Market Intelligence , as of Thursday night Polestar's share price had risen more than 10% week to date.
Private Equity Wire
AUGUST 16, 2024
Mid-market private equity firm MidOcean Partners has acquired SI Solutions, a provider of engineering, testing, inspection, compliance and maintenance services for power and critical infrastructure end markets. Terms of the transaction have not been disclosed. SI employs over 450 and provides services to enable the reliability of the US power markets, safety and regulatory compliance of critical assets, and continued expansion of public and private infrastructure in the US and abroad.
FinSMEs
AUGUST 15, 2024
Goodfire, a San Francisco, CA-based startup committed to demystifying generative AI models, raised $7M in seed funding. The round was led by Lightspeed Venture Partners, with participation from Menlo Ventures, South Park Commons, Work-Bench, Juniper Ventures, Mythos Ventures, Bluebirds Capital, and several notable angels. The company intends to use the funds to scale up the […] The post Goodfire Raises $7M in Seed Funding appeared first on FinSMEs.
AltAssets
AUGUST 15, 2024
The $255bn-managing Ontario Teachers' Pension Plan has named former Brookfield Reinsurance Group CFO Mabel Wong as its own chief financial officer. The post OTPP names Mabel Wong as CFO, four months after losing Deacon to Sun Life first appeared on AltAssets Private Equity News. The post OTPP names Mabel Wong as CFO, four months after losing Deacon to Sun Life appeared first on AltAssets Private Equity News.
The Motley Fool
AUGUST 16, 2024
Few hedge fund managers have been as all-in on artificial intelligence (AI) as David Tepper. His Appaloosa fund's portfolio has been stacked with AI stocks for quite a while. However, the billionaire investor doesn't appear to be as enamored with AI these days. Tepper slashed his positions in several AI stocks in the second quarter of 2024. Tepper's top five AI cuts in Q2 Each of Appaloosa's top five holdings has a major focus on AI.
Private Equity Wire
AUGUST 16, 2024
EQT Private Equity is to acquire a majority stake in AMCS, a provider of cloud-based and AI-enabled planning, performance, safety and sustainability-focused software for waste management, recycling and other resource-intensive industries. The transaction, which is subject to customary conditions and approvals, is expected to close before Q1 2025. The acquisition is being made jointly by EQT X and EQT Future, while AMCS Co-Founder and CEO Jimmy Martin and previous majority investor Insight Partne
FinSMEs
AUGUST 13, 2024
Clearly, a London, UK-based provider of a climate intelligence platform using AI to provide fleet operators with critical trip-level emission and energy insights, raised $4.3M in Seed funding. The round was led by Pace Ventures and Nine Realms, with participation from existing mobility investors Mobilion, Next Gear and M1720 alongside angels Lord Nash and Margaux Primat.
AltAssets
AUGUST 16, 2024
The Virginia Retirement System has picked alternative investment firms including Thoma Bravo and Olympus Partners among its latest suite of fund commitments. The post Thoma Bravo, Olympus Partners among over $1.8bn of new Virginia Retirement System commitments first appeared on AltAssets Private Equity News. The post Thoma Bravo, Olympus Partners among over $1.8bn of new Virginia Retirement System commitments appeared first on AltAssets Private Equity News.
The Motley Fool
AUGUST 16, 2024
Now that we're well into August, many retirees are starting to get antsy over Social Security. Specifically, they're eager to know what cost-of-living adjustment (COLA) they're looking at for 2025. So far, estimates are pointing to a smaller Social Security COLA in 2025 than in 2024. And that's not what retirees want to hear. But a larger COLA may not do a whole lot of good, either.
Private Equity Wire
AUGUST 16, 2024
IK Partners' IK Small Cap II Fund has completed the sale of Carspect Group, a provider of vehicle inspection services in Sweden, Estonia and Latvia, to TÜV SÜD. Financial terms of the transaction have not been disclosed. Headquartered in Bromma, Sweden, Carspect Group carries vehicle services including control, follow-up and registration inspections.
FinSMEs
AUGUST 13, 2024
Ragie, a San Francisco, CA-based platform that enables developers to build AI applications connected to their own data, raised $5.5M in funding. The round was led by Craft Ventures, Saga VC, Chapter One, and Valor. The company intends to use the funds to expand operations and its development efforts. Founded by Bob Remeika and Mohammed Rafiq, Ragie […] The post Ragie Raises $5.5M in Funding appeared first on FinSMEs.
AltAssets
AUGUST 15, 2024
Pension investment giant the Canada Pension Plan Investment Board has named Caitlin Gubbels as its new global private equity head to replace long-serving Suyi Kim. The post Long-serving CPPIB PE head Kim to leave after 17 years, Gubbels named as successor first appeared on AltAssets Private Equity News. The post Long-serving CPPIB PE head Kim to leave after 17 years, Gubbels named as successor appeared first on AltAssets Private Equity News.
The Motley Fool
AUGUST 16, 2024
All told, I likely won't be able to pinpoint exactly how much money I'll need down to the penny for a comfortable retirement. Maybe $1 million will do the trick, or perhaps $400,000 in an individual retirement account will suffice, especially if I have other accounts to tap into. However, I do know that $87,000 -- the median retirement savings for American households -- won't cut it for me personally.
Private Equity Wire
AUGUST 16, 2024
Golub Capital is ramping up its trading operations for private credit deals, signalling growing interest among some industry participants in developing a secondary market for direct loans, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as revealing that the firm traded approximately $1bn in private debt during the first half of the year, positioning itself as one of the most active players in the space, alongside major institutions, including JPMorg
FinSMEs
AUGUST 13, 2024
PayZen, a San Francisco, CA-based fintech technology company tackling healthcare affordability via AI-powered solutions, raised $232M in Series B funding. The round was led by NEA, with participation from existing investors including 7wireVentures, SignalFire, Viola Ventures, and others. The company intends to use the funds for growth and market expansion.
AltAssets
AUGUST 15, 2024
Alternative assets major EQT is looking to raise $12.5bn for its new Asia-focused fund, BPEA Private Equity Fund IX. The post EQT sets $12.5bn target for new Asia-focused BPEA fundraise first appeared on AltAssets Private Equity News. The post EQT sets $12.5bn target for new Asia-focused BPEA fundraise appeared first on AltAssets Private Equity News.
The Motley Fool
AUGUST 16, 2024
Image source: Getty Images When I first joined Costco , I didn't have kids yet and therefore didn't spend as much as I do now on groceries. But years back, I decided to upgrade to an Executive membership when my family started spending more on food, and I've stuck with it ever since. In fact, there's pretty much nothing anyone can say to convince me to give up that Executive membership -- despite the higher cost.
Private Equity Wire
AUGUST 16, 2024
Atlanta-based private equity firm Resurgens Technology Partners has completed fundraising for its Fund III with $800m in commitments, exceeding those of its two previous funds, RTP I and RTP II, which raised $200m and $500m respectively. As with its predecessors, Fund III will target majority investments in founder-owned software businesses as well as carve-out transactions or venture-backed recapitalisations.
FinSMEs
AUGUST 11, 2024
DevRev, a Palo Alto, CA-based provider of an AI-native platform that unifies customer support and product development, raised $100M in Series A funding, at $1.1 Billion valuation. The round was led by Khosla Ventures, Mayfield Fund, and Dheeraj Pandey’s family office, Param Hansa Values, in addition to accelerators and family offices of tech CEOs and VCs. […] The post DevRev Raises $100M in Series A; Valued at $1.1B appeared first on FinSMEs.
AltAssets
AUGUST 14, 2024
Multi-family office Stonehage Fleming has hit an above-$160m final close for its Global Private Capital Fund 2024 - its largest fund to date. The post Multi-family office Stonehage Fleming raises over $160m for its biggest-ever PE fund of funds first appeared on AltAssets Private Equity News. The post Multi-family office Stonehage Fleming raises over $160m for its biggest-ever PE fund of funds appeared first on AltAssets Private Equity News.
The Motley Fool
AUGUST 16, 2024
Stocks across tech have declined over the last month, as recent economic reports have made Wall Street fearful of a looming recession. A new jobs report revealed the U.S. labor market added 114,000 jobs in July, significantly lower than expected and the 179,000 reported in June. The figures caused a sell-off in the stock market, with tech companies experiencing some of the worst declines.
Private Equity Wire
AUGUST 15, 2024
Private equity and infrastructure investment manager Foresight Group has exited Kingsbridge Healthcare Group, the largest private hospital group in Northern Ireland. Founded in 2005 as 3fivetwo Healthcare, Kingsbridge currently has four hospitals (three in Northern Ireland and one in County Sligo, Ireland). The group offers orthopaedic, cataract, urology and cosmetic surgeries, as well as operating clinics for prostate conditions and sports injuries, private GP services and diagnostics including
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