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Tesla Sent a Clear Message to Wall Street on Tuesday

The Motley Fool

In this video, I will go over Tesla 's (NASDAQ: TSLA) first-quarter earnings. The company reported a double miss but shared some exciting news about its future. *Stock prices used were from the trading day of April 23, 2024. The video was published on April 24, 2024. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen.

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Treefera Raises $12M in Series A Funding

FinSMEs

Treefera, a London, UK-based provider of an AI-enabled data management platform, raised $12M in Series A funding. The round was led by AlbionVC. The company intends to use the funds to expand operations and its business reach. Co-Founded by Jonathan Horn and Caroline Grey, Treefera is an AI-powered data management platform empowering businesses in carbon removal, […] The post Treefera Raises $12M in Series A Funding appeared first on FinSMEs.

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The News is Making You Miserable

A Wealth of Common Sense

There was a recent poll about my home state of Michigan where they asked people for their thoughts on the state of the nation’s economy today. Just 35% of people described the economy as excellent (6%) or good (29%) while 65% described it as either not so good (28%) or poor (37%). But when asked how they would describe their own personal financial situation these days, a majority of people (61%) described their circ.

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CalPERS moots tying climate KPIs to incentive pay

Top 1000 Funds

CalPERS may tie the incentive pay of its staff to meeting climate KPIs in the near future. The fund's executive pay consultants also discussed other ways the fund should tweak incentive pay like adding an asset class investment performance weighting to the annual incentive formula.

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Sterling Group soars to $3.5bn Fund VI hard cap, almost double last fund total

AltAssets

Industrial-focused mid-market PE house The Sterling Group has soared to a $3.5bn final close for its sixth flagship fund - almost double the total it raised for its predecessor vehicle. The post Sterling Group soars to $3.5bn Fund VI hard cap, almost double last fund total first appeared on AltAssets Private Equity News.

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Meet Eli Lilly's Secret Weapon in the Billion-Dollar Weight-Loss Drug Market

The Motley Fool

Eli Lilly 's (NYSE: LLY) Zepbound has shown it has what it takes to become a blockbuster. The weight-loss drug, following regulatory approval late last year, brought in $175 million in revenue in just its first few weeks on the market. Doctors and their patients are flocking to weight-loss drugs known as GLP-1 agonists, and demand has even surpassed supply.

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Finyard: The Top Trends Shaping The FinTech industry

FinSMEs

By Dmitrij Pruglo, Finyard Group CEO The global FinTech market continues to expand at a staggering pace. Valued at $294 billion in 2023, it’s projected to reach $1.15 trillion by 2032, growing at a compound annual growth rate (CAGR) of 16.5%. This explosive growth reflects the seismic shifts transforming financial services as cutting-edge technologies and […] The post Finyard: The Top Trends Shaping The FinTech industry appeared first on FinSMEs.

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Oregon makes $1.5bn alts commitment

Private Equity Wire

Rex Kim, Chief Investment Officer of the Oregon Investment Council, which oversees Tigard, the $93.6bn Oregon Public Employees Retirement System, has announced a commitment of a combined $1.5bn to private markets strategies. At a meeting on 17 April, the council confirmed a $500m commitment to Pathway Private Equity Fund III-Co, a private equity fund of funds managed by Pathway Capital Management, as well as $350m to global infrastructure fund Stonepeak Infrastructure Fund V.

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Deal Roundup: Levine Leichtman to sell Tropical Smoothie Cafe to Blackstone, Astatine acquires NRG Riverside

AltAssets

Levine Leichtman Capital Partners has agreed to sell Tropical Smoothie Cafe to fellow private equity major Blackstone, after four years of ownership in which the company has more than doubled its unit count. The fast casual restaurant chain now has more than 1,400 locations across 44 US states. Matthew Frankel, managing partner of LLCP, said, […] The post Deal Roundup: Levine Leichtman to sell Tropical Smoothie Cafe to Blackstone, Astatine acquires NRG Riverside first appeared on AltAssets

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Why Old Dominion Freight Line Stock Crashed on Wednesday

The Motley Fool

Shares of less-than-truckload shipper Old Dominion Freight Line (NASDAQ: ODFL) fell 10.2% through 1:15 p.m. ET today despite largely meeting market expectations for its first-quarter earnings this morning. Heading into the quarter, analysts had forecast Old Dominion would earn $1.34 per share on sales of $1.47 billion. As it turned out, earnings were $1.34, and revenue only just missed expectations at $1.46 billion.

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South Africa’s GEPF prepares the ground for a two pot system

Top 1000 Funds

South Africa’s $119 billion Government Employee Pension Fund is in the process of readying its investment processes for a new law that will allow people to draw down some of their retirement income early.

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ThreatLocker Raises $115M in Series D Funding

FinSMEs

ThreatLocker, an Orlando, FL-based global cybersecurity company that offers a Zero Trust endpoint security solution, raised $115M in Series D funding. The round was led by existing investor General Atlantic, with participation from other major investors StepStone Group and the D. E. Shaw group. The company intends to use the funds to focus on driving […] The post ThreatLocker Raises $115M in Series D Funding appeared first on FinSMEs.

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Pictet Alternative Advisors launches environmental technology fund 

Private Equity Wire

Pictet Alternative Advisors, the Pictet Group’s alternative investment business, has launched the Pictet Private Assets SICAV – Environment Co-Investment Fund I ELTIF, which is aiming to broaden investor access to environmental technology investments across private markets. According to a press release, the fund will target 20-25 investments across greenhouse gas reduction; sustainable consumer; pollution control; the circular economy; and enabling technology as part of a strategy implementing

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StepStone leads $762m secondaries deal for MLC private equity fund, co-invest stakes

AltAssets

StepStone has led a $762m secondaries deal for private equity assets held by Australian investment manager MLC Asset Management. The post StepStone leads $762m secondaries deal for MLC private equity fund, co-invest stakes first appeared on AltAssets Private Equity News.

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Tesla Just Shared Some Spectacular News for Nvidia Stock Investors

The Motley Fool

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) , Tesla (NASDAQ: TSLA) , and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of April 23, 2024. The video was published on April 23, 2024. Should you invest $1,000 in Nvidia right now?

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Sports investor Arctos to focus on US deals after raising $4.1bn fund

Financial Times M&A

Shareholder of Paris Saint-Germain targets predictable returns of home market where teams are not relegated and share profits

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Endeavor BioMedicines Raises $132.5M in Series C Financing

FinSMEs

Endeavor BioMedicines, Inc., a San Diego, CA-based clinical-stage biotechnology company, closed a $132.5m Series C financing, including the conversion of a $5m convertible instrument. The round was led by AyurMaya, an affiliate of Matrix Capital Management, with participation from new investors including Fidelity Management & Research Company, Invus, SymBiosis, Velosity Capital, and Woodline Partners; and […] The post Endeavor BioMedicines Raises $132.5M in Series C Financing appeared

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Palatine exits NRG Riverside

Private Equity Wire

Manchester-based private equity firm Palatine has exited specialist fleet solutions provider NRG Riverside via a sale of the business, following significant investment in its people and operations, to Astatine Investment Partners, a specialist PE investor focused on infrastructure investments. Financial terms have of the deal have not been disclosed.

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Africa-focused TLcom Capital closes sophomore fund to expand into Egypt

AltAssets

Nairobi, Lagos and London-based VC TLcom Capital has reached $154m to wrap up its second fund looking to “unlock massive value” in the continent's critical sectors. The post Africa-focused TLcom Capital closes sophomore fund to expand into Egypt first appeared on AltAssets Private Equity News.

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3 Lesser-Known Social Security Rules You Should Be Aware Of

The Motley Fool

Social Security is a complex program that must serve the needs of 70 million Americans with a diverse range of circumstances. There's no way anyone could construct a program that big without a lot of detailed planning and intricate rules. While many households rely on Social Security to make ends meet in old age and retirement, they may be missing out if they don't know some of its lesser-known rules.

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Goldman Sachs moves senior banker to Paris in post-Brexit revamp

Financial Times - Banking

Head of financial institutions group for Europe relocates at sensitive time for its operations on the continent

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Pelvital Raises Additional $2.32M in Seed Plus Funding

FinSMEs

Pelvital USA, Inc., an Eagan, MN-based women’s health company, closed an additional $2.32M in its seed-plus funding round. The round was led by Boomerang Ventures, with participation from Pier 70 Ventures, Life Science Angels, Tech Coast Angels Orange County, and Blue Pacific Fund. Concurrent with the close, Preetha Ram, PhD, Managing Partner at Pier 70 Ventures, joined the Pelvital […] The post Pelvital Raises Additional $2.32M in Seed Plus Funding appeared first on FinSMEs.

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Apollo-backed Concord increases Hipgnosis price in bidding war with Blackstone

Private Equity Wire

Concord, a US investment group backed by Apollo Global Management, has raised its bid for Hipgnosis Songs Fund (HSF) to $1.5bn, surpassing a competing offer from Blackstone and initiating a bidding war, according to a report by the Financial Times. Over the weekend, Blackstone proposed to the company’s board to acquire the music rights group for $1.24 per share in cash, aiming to counter Concord’s offer.

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Blackstone backs $1.2bn-totalling single-asset continuation fund

AltAssets

Vestar Capital Partners has brought in big name investors to close a $1.2bn single asset continuation vehicle for its stake in global consumer behaviour advisory firm Circana. The post Blackstone backs $1.2bn-totalling single-asset continuation fund first appeared on AltAssets Private Equity News.

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This 15%-Plus-Yielding Passive Income Stock Continues to Deliver Despite Persistent Challenges

The Motley Fool

AGNC Investment (NASDAQ: AGNC) pays a prodigious dividend. The mortgage-focused real estate investment trust (REIT) currently yields 15.7%. That's more than 10 times the S&P 500 's dividend yield of 1.4%. The mortgage REIT generated more than enough income to cover its monster payout in the first quarter. While it hit some turbulence early in the second quarter, it should be able to continue earning enough to cover its monthly dividend in the near term.

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BHP proposes takeover of Anglo-American in mining mega-deal

Financial Times M&A

Combination would bring together two of the leading players in the industry

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MARKT-PILOT Raises $43M in Series A Funding

FinSMEs

MARKT-PILOT, an Esslingen, Germany-based market-oriented spare parts pricing company, raised $43M in Series A funding. The round was led by Insight Partners with participation from existing investor Capnamic. The company intends to use the funds to further expand its business in Europe and the US. Led by Alex Morbe, CEO, MARKT-PILOT enables market-oriented spare parts pricing through […] The post MARKT-PILOT Raises $43M in Series A Funding appeared first on FinSMEs.

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IK Partners acquires minority stake in industrial polymer manufacturer A-SAFE 

Private Equity Wire

IK Partners’s IK Partnership II (IK PF II) Fund has acquired a minority stake in A-SAFE, a UK designer, manufacturer and distributor of industrial polymer safety barrier systems, from the company’s management team, led by Co-CEOs James and Luke Smith. The transaction marks the fund’s final investment as it is now fully committed. Financial terms have not been disclosed.

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Strattam Capital pushes AUM past $1bn with third flagship tech fund close

AltAssets

Tech investor Strattam Capital has brought its assets under management to more than $1bn with the final close of its third flagship fund. The post Strattam Capital pushes AUM past $1bn with third flagship tech fund close first appeared on AltAssets Private Equity News.

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This Ultra-High-Yield Dividend Stock Continues to Grow Despite its Challenges

The Motley Fool

NextEra Energy Partners (NYSE: NEP) has battled persistent headwinds over the past couple of years. Rising interest rates have made it more challenging for the company to refinance existing funding and finance its growth. Those issues have weighed on the renewable energy stock, driving its dividend yield up over 12%. Despite those headwinds, the renewable energy company has been able to continue growing.

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BlackRock steps up security for Larry Fink after ‘anti-woke’ backlash

Financial Times: Moral Money

Asset manager’s CEO has become a popular target for criticism over its ESG investing stance

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Outpost Raises $12.5M in Series A Funding

FinSMEs

Outpost, an Austin, TX-based provider of a network of managed semi-truck parking facilities, raised $12.5M in Series A funding. The round was led by GreenPoint Partners with support from Speedwagon Capital Partners. The company intends to use the funds to accelerate expansion of its managed properties and technology platform. Led by CEO Trent Cameron, Outpost […] The post Outpost Raises $12.5M in Series A Funding appeared first on FinSMEs.

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PAI Partners acquires majority stake in Audiotonix from Ardian 

Private Equity Wire

Private equity firm PAI Partners has agreed to acquire a majority stake in Audiotonix, a UK designer and manufacturer of professional audio mixing consoles and equipment, from Ardian, who will retain a minority stake alongside management. PAI’s investment is intended to support Audiotonix in leveraging “sustained and accelerating secular trends towards the experience economy”, according to a press release.

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HarbourVest leads €350m continuation fund for GreenPeak Partners Fund II portfolio pair

AltAssets

HarbourVest Partners has led the first continuation fund from DACH buy-and-build specialist GreenPeak Partners, which has raised a total of €350m. The post HarbourVest leads €350m continuation fund for GreenPeak Partners Fund II portfolio pair first appeared on AltAssets Private Equity News.

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