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Moelis appoints Trauber as chairman and global head of energy and clean technology

PE Hub

Based in Houston, Trauber will lead the firm’s global efforts in this space. The post Moelis appoints Trauber as chairman and global head of energy and clean technology appeared first on PE Hub.

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Rivian Stock Has 135% Upside, According to 1 Wall Street Analyst

The Motley Fool

Investors in Rivian Automotive (NASDAQ: RIVN) suffered staggering losses last week after the maker of electric trucks, vans, and SUVs reported mixed earnings Wednesday. The news wasn't all bad. For one thing, Rivian reported sales ahead of analyst targets at $1.32 billion, and its earnings weren't much worse than expected at $1.36 per share. However, management told investors that Rivian will only produce 57,000 electric vehicles in 2024 -- about as many as it produced in 2023.

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TSCP-backed PestCo Holdings snaps up residential pest control firm PestShield

PE Hub

PestCo is a provider of pest control services to residential and commercial customers. The post TSCP-backed PestCo Holdings snaps up residential pest control firm PestShield appeared first on PE Hub.

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But There's So Much Content Out There!

This is going to be BIG.

I’m very lucky. I know a lot of really smart, interesting people. That’s why I find myself telling a lot of people that I’d love it if they shared their thoughts more often in public. I don’t much care whether they do it in writing, or a newsletter, a podcast or on LinkedIn—but I feel like I every time I interact with them, I learn something or I’m inspired to think about things in a different way.

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What If You Invested at the Peak Right Before the 2008 Crisis?

A Wealth of Common Sense

Despite 5% short-term interest rates and stickier inflation than some people would like and the Fed potentially pushing back interest rate cuts for a few months and the new True Detective seasons being a massive disappointment…the S&P 500 continues to take out new all-time highs. By my count there have already been a baker’s dozen in 2024 alone.1 Here are the new highs by year since 2015: 2015: 10 2016: 1.

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All-Time Highs Are Historically Bullish

The Big Picture

A quick note to answer this question: What happens after markets make a new all-time high (after a year w/o one)? Check out the table above, via Warren Pies. He spoke with Batnick and Josh earlier this month. Going back to 1954, markets are always higher one year later – the only exception was 2007. That was after housing had peaked, subprime mortgages were defaulting, and the great financial crisis was about to start.

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Use Your Vehicle for Business? This One Mistake Could Get You Audited

The Motley Fool

Image source: Getty Images One of the benefits of being self-employed is getting to enjoy a host of different tax breaks. You may, for example, be eligible for a home office deduction if you work out of your home and have an area used solely for business purposes. You can also save money on your taxes by deducting expenses that include professional license fees, equipment, and office supplies, like pens and notepads.

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NayaOne Raises $4.7M in Funding

FinSMEs

NayaOne, a London, UK-based financial services company providing a sandbox platform, raised $4.7M in funding. The round was led by EJF Capital, with participation from Valley Ventures, the corporate venture capital arm of Valley Bank, and Carthona Capital. The company intends to use the funds to expand operations and its business reach. Led by CEO […] The post NayaOne Raises $4.7M in Funding appeared first on FinSMEs.

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Kedaara nears $1.7bn for record Indian PE fund

Private Equity Wire

Mumbai-based private equity firm Kedaara Capital is closing in on raising $1.7bn for its fourth private equity fund, which, if achieved, would make it India’s largest ever buyout fund and 54% bigger than its predecessor PE vehicle, according to a report by Reuters. The report cites sources with direct knowledge of the matter as confirming that about 80% of the fund will come from backers of Kedaara’s previous funds, with the other 20% coming from new investors including US-based Cle

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Kedaara said to near $1.7bn for India’s largest fund

AltAssets

Kedaara Capital is reportedly nearing $1.7bn in capital commitments for what would be India’s biggest ever private equity fund. The post Kedaara said to near $1.7bn for India’s largest fund first appeared on AltAssets Private Equity News.

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Payment tech offers everything private equity firms like GTCR love

PE Hub

'All commerce ultimately requires payment, so the space is always highly relevant and evolving,' said GTCR's Aaron Cohen. The post Payment tech offers everything private equity firms like GTCR love appeared first on PE Hub.

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Where Will Arm Holdings Stock Be in Five Years?

The Motley Fool

With shares up by 83% year to date, Arm Holdings (NASDAQ: ARM) enjoyed explosive stock price growth based on artificial intelligence (AI)-related optimism, which could boost sales for its intellectual property licensing business. But despite the hype, the company's valuation has become uncomfortably high. Let's discuss what the next five years could have in store for this booming stock.

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FlowGPT Raises $10M Pre-Series A Funding

FinSMEs

FlowGPT, a Berkeley, CA-based platform fostering an open ecosystem for AI application creators and the community, raised $10M in Pre-Series A funding. The round was led by Goodwater Capital with participation from DCM. The company intends to use the funds to expand its engineering and research teams globally, and to further develop a dynamic and […] The post FlowGPT Raises $10M Pre-Series A Funding appeared first on FinSMEs.

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Goldman Sachs to raise ninth PE fund, says CEO

Private Equity Wire

Goldman Sachs is planning to raise funds for its ninth private equity fund later this year, according to a report by Reuters citing comments made by Chief Executive Officer David Solomon at a conference in Miami on Tuesday. Solomon didn’t disclose the target size of the fund, which will be known as Capital Partners IX, but described it as a “significant fundraising” Goldman closed its eighth private equity fund in 2022 with $9.7bn in capital commitments.

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What’s the Bear Case For Housing Prices?

A Wealth of Common Sense

The housing market wasn’t supposed to remain this strong. People were forecasting for a 20% drop in housing prices in 2022. It made sense at the time. Everyone was predicting a recession. Prices had shot up 50% in three years. The Fed was jacking up interest rates. Mortgage rates went vertical. And all we got was a wimpy 2-3% dip in prices. I cannot predict the future but it’s hard to come up with a bearish th.

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Why Altcoins Were on Fire Today

The Motley Fool

Fear of missing out, or FOMO, can be a powerful inducement for investors, particularly in the volatile world of cryptocurrency. On Wednesday, the emotion helped push the world's most popular digital coin to price levels it hasn't seen in years. As is often the case, on the back of that increase, a large number of altcoins followed suit, with more than a few rising at a double-digit percentage.

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Halo Raises $20M in Funding

FinSMEs

Halo, an Austin, TX and Dublin, Ireland-based provider of a subscription-based bodycam and cloud-based digital asset management platform, raised $20M in funding. The round was led by Volition Capital. The company intends to use the funds to accelerate adoption of its video evidence gathering technology. Led by CEO Fiona Shanley, Halo provides a subscription-based system […] The post Halo Raises $20M in Funding appeared first on FinSMEs.

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Renovus Capital Partners closes $325m continuation fund

Private Equity Wire

Philadelphia-based private equity firm Renovus Capital Partners has closed its first multi-asset $325m continuation fund (Renovus Continuation Fund), bringing its total capital across multiple investment vehicles to over $1.5bn. According to a press release, the fund was formed to recapitalise four portfolio companies from two previous funds – Renovus Capital Partners, and Renovus Capital Partners II – and will also provide those companies with an additional $60m for strategic add-on acquisition

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Creating Generational Wealth

A Wealth of Common Sense

A reader asks: I am 73, my wife is 58 and I have a 15 year old son. We own a small farm and house in Iowa. We also own three properties in Spain where we spend most of the year. We have no debt and are sitting on 2 million in cash, most of it is short term bills. I deal in vintage guitars and will keep doing it as long as I can. We have a great life and are careful with our spending.

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Silver Oak-backed Summit scoops up data center services firm Deft

PE Hub

Summit is a provider of virtual services and cloud-based application hosting. The post Silver Oak-backed Summit scoops up data center services firm Deft appeared first on PE Hub.

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Why Super Micro Computer Stock Is Falling Due to Nvidia and SoundHound AI News Today

The Motley Fool

Super Micro Computer (NASDAQ: SMCI) stock is pulling back in Wednesday's trading. The company's share price was down 2.9% as of 3 p.m. ET, according to data from S&P Global Market Intelligence. The otherwise red-hot artificial intelligence (AI) stock had been down as much as 4.6% earlier in the day's trading. While there isn't any business-specific news driving Supermicro's stock lower today, the company's valuation is dipping due to developments for other high-profile AI companies.

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Glean Raises Over $200M in Series D Funding

FinSMEs

Glean, a Palo Alto, CA-based provider of an AI-powered work assistant, raised over $200M in Series D funding, at $2.2 Billion valuation. The round was led by existing investors Kleiner Perkins and Lightspeed Venture Partners, with participation from existing investor Sequoia Capital, new investors Coatue, ICONIQ Growth, IVP, Latitude Capital, and Adams Street, strategic investors […] The post Glean Raises Over $200M in Series D Funding appeared first on FinSMEs.

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European private credit reverts to mid-2022 levels

Private Equity Wire

A new study from Deloitte shows that European private lending activity has reverted to levels last seen in mid-2022 — a sign that investors anticipate European Central Bank interest rate cuts in 2024 as they take on risky corporate debt, according to a report by Reuters. Deloitte’s study was published on Tuesday and reveals that private debt funds extended 189 loans in Q4 2023 — the most since Q2 2022, just before the ECB first raised interest rates.

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Ex-Goldman Sachs senior exec who launched PE firm after health scare raises $260m Fund II

AltAssets

Healthcare investor ORI Capital, launched by former Goldman Sachs Greater China healthcare investment banking head Simone Song, has closed its second fund on $260m. The post Ex-Goldman Sachs senior exec who launched PE firm after health scare raises $260m Fund II first appeared on AltAssets Private Equity News.

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Behrman Capital-backed kSARIA acquires electrical cables manufacturer Charles E. Gilman Company

PE Hub

kSARIA is a Hudson, Massachusetts-based provider of mission-critical connectivity solutions for the aerospace and defense end markets. The post Behrman Capital-backed kSARIA acquires electrical cables manufacturer Charles E. Gilman Company appeared first on PE Hub.

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10 Best Growth Stocks to Buy Now in March

The Motley Fool

Fool.com contributor Parkev Tatevosian has selected 10 magnificent growth stocks for long-term investors to consider. *Stock prices used were the afternoon prices of Feb. 26, 2024. The video was published on Feb. 28, 2024. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, 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 Nvidia wasn’t one of them.

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Pelage Pharmaceuticals Raises $16.75M in Series A Funding

FinSMEs

Pelage Pharmaceuticals, a Los Angeles, Ca-based clinical-stage regenerative medicine company, raised $16.75M in Series A funding. The round was led by GV with participation from Main Street Advisors, Visionary Ventures and YK BioVentures. The company intends to use the funds to advance a first-in-class treatment for androgenetic alopecia or pattern baldness, and other types of […] The post Pelage Pharmaceuticals Raises $16.75M in Series A Funding appeared first on FinSMEs.

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Siepe expands leadership team

Private Equity Wire

Siepe, a provider of tech services and compliance and reporting for high yield, private credit and alternative investment managers, has made two senior hires in its leadership team – Shelly Torkelson and Teresa Lange Pierson. Torkelson has been named Director of Software-as-a-Service (SaaS), while Lange Pierson has joined as Director of Compliance. Torkelson was previously Managing Director of Client Service at Virtus Partners (acquired by FIS in 2019), overseeing the firm’s CLO, fund, and middl

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“Never been a more profitable time to invest in MENA,” says COTU Ventures amid inaugural fund launch

AltAssets

Dubai-based COTU Ventures has raised $54m for its maiden fund to support early stage startups in the Middle East and North Africa. The post “Never been a more profitable time to invest in MENA,” says COTU Ventures amid inaugural fund launch first appeared on AltAssets Private Equity News.

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Great Hill-backed Totango merges with software firm Catalyst

PE Hub

Redwood City, California-based Totango is an enterprise customer success software firm. The post Great Hill-backed Totango merges with software firm Catalyst appeared first on PE Hub.

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Is It Too Late to Buy SoundHound AI Stock Now?

The Motley Fool

When it comes to artificial intelligence (AI) companies, the " Magnificent Seven " stocks seem to garner much of the attention from media and investors. This cohort, which is comprised of mega-cap behemoths Apple , Microsoft , Alphabet , Amazon , Nvidia , Meta Platforms , and Tesla , are all playing a role in the advancement of artificial intelligence (AI) -- cloud computing, robotics, self-driving cars, semiconductors, and more.

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mTab Raises $15M in Financing

FinSMEs

mTab, a Yorba Linda, CA-based market insights platform provider, closed a $15m growth credit financing. Kayne Anderson Growth Capital provided the financial resources. The company intends to use the funds to further accelerate its growth and global expansion to support more customers in new industries, along with advanced technology enhancements to its platform.

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Private Equity Wire US Emerging Managers Summit 2024

Private Equity Wire

Join and connect with other senior executives at new and emerging private equity firms, as they gather for the Private Equity Wire US Emerging Managers Summit 2024 to discuss their current challenges and top priorities for the year ahead. Taking place on Wednesday, 13 March at Convene 101 Park Avenue in New York, experts will share their insights on the current state and future direction of the economy, as well as the strategies and best practices that can help your firm be positioned for a succ

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MISTAKE MONDAY for February 26: Can YOU spot what’s wrong?

Investment Writing

Can you spot what’s wrong in the image below? Please post your answer as a comment. One item stands out as wrong beyond any question, even without knowing the context of this table. I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for February 26: Can YOU spot what’s wrong? appeared first on Susan Weiner Investment Writing.