Fri.Jan 26, 2024

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Why I'm Not Chasing a Higher Social Security Benefit

The Motley Fool

The maximum Social Security benefit you can collect in 2024 is $4,873. And if that's the benefit you're in line for, you may be able to live quite comfortably on Social Security alone, even though retirees are commonly advised not to do that. Now to be fair, if you're in line for Social Security's maximum monthly benefit, it means you were a pretty high earner during your career.

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5 deals: PE firms bet on architecture, engineering and construction

PE Hub

Blackstone, OceanSound Partners, HIG Capital, Bernhard Capital and Wind Point Partners are some of the firms picking opportunities in this sector. The post 5 deals: PE firms bet on architecture, engineering and construction appeared first on PE Hub.

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Why I'm Not Opening Any CDs in 2024 -- Even Though Rates Are Up to 5.5%

The Motley Fool

Image source: Getty Images Have you seen how high the APYs have gotten on certificates of deposit (CDs)? As of Jan. 21, 2024, some of the offers on our best CDs list were offering rates of up to 5.51% APY! With the Fed (possibly) getting ready to cut interest rates, now could be a good chance to lock in a high yield on a CD. But even though the APYs are tempting, I'm not convinced that opening a CD is the right move for my personal finances.

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Warburg to sell Procare for $1.86bn; plus 5 PE deals betting on architecture, engineering and construction

PE Hub

Private equity goes bullish over architecture, engineering and construction. The post Warburg to sell Procare for $1.86bn; plus 5 PE deals betting on architecture, engineering and construction appeared first on PE Hub.

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83% of Warren Buffett's $365 Billion Portfolio Is Invested in Just 7 Stocks

The Motley Fool

For nearly six decades, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been putting on an investment clinic for all to see. Since taking over as the CEO of Berkshire in the mid-1960s, the "Oracle of Omaha," as Buffett has come to be known, has overseen an aggregate return in his company's Class A shares (BRK.A) of almost 4,500,000%, as of the closing bell on Jan. 19, 2024.

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Vista Equity Partners completes take-private buyout of software firm EngageSmart

PE Hub

The transaction puts EngageSmart at a valuation of about $4 billion. The post Vista Equity Partners completes take-private buyout of software firm EngageSmart appeared first on PE Hub.

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Peloton Equity and Fort Maitland Capital invest in medical tech company OnPoint

PE Hub

The investment will be used to enable OnPoint to accelerate its product development roadmap, bolster its sales and marketing efforts, and strengthen the company’s customer service. The post Peloton Equity and Fort Maitland Capital invest in medical tech company OnPoint appeared first on PE Hub.

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Tesla Is Just a Car Company, and It's Time Wall Street Valued It as Such

The Motley Fool

There are few constants on Wall Street. But one thing investors can always count on is a next-big-thing trend demanding attention. For much of the past half-decade, electric vehicles (EVs) have ranked high on the list of game-changing innovations. Although estimates vary wildly, as you'd expect from any industry-changing technology, Fortune Business Insights has penciled in a nearly 18% compound annual growth rate for the worldwide EV market through 2030.

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Long Ridge sells medical insurance claim settlements administrator Ametros to Webster Bank

PE Hub

The purchase price was $350 million. The post Long Ridge sells medical insurance claim settlements administrator Ametros to Webster Bank appeared first on PE Hub.

Banks 203
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1 S&P 500 Stock to Buy Before It Soars 105% in 2024, According to a Wall Street Analyst

The Motley Fool

The S&P 500 advanced 24% in 2023, its third-best annual performance of the past decade. Those gains were largely confined to the technology, communications services, and consumer discretionary sectors. The Magnificent Seven stocks factored heavily into that outcome, as did excitement about artificial intelligence. Meanwhile, the other eight market sectors underperformed the S&P 500.

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KKR-backed BrightSpring Health Services goes public

PE Hub

Based in Louisville, Kentucky, BrightSpring is a provider of home health services. The post KKR-backed BrightSpring Health Services goes public appeared first on PE Hub.

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Was Saving More Money Your New Year's Resolution? This Magnificent ETF Could Turn $300 Per Month Into $869,000 While Barely Lifting a Finger

The Motley Fool

Building wealth is an alien concept for many people. Investing in the stock market can be emotional, daunting, and exhausting. For these reasons, people sometimes struggle to build savings due to the intimidation the capital markets present. Luckily, choosing individual stocks that perform well over a long-term horizon is not required to accumulate savings.

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Webster prepping sale of CenExel Clinical Research, sources say

PE Hub

Clinical research is increasingly catching the interest of PE investors; PE Hub has seen a flurry of deals in recent months. The post Webster prepping sale of CenExel Clinical Research, sources say appeared first on PE Hub.

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Ranked: The 5 Most Profitable Gigs to Pursue in 2024

The Motley Fool

Image source: Getty Images Want to make extra money in 2024? It might be time to start your own small business by doing some "side hustle" gigs. Sometimes moonlighting with work-from-home gigs can be the best way to boost your income. You might be surprised at how much money you can make during your nights and weekends -- while having fun and learning new skills!

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Churchill completes $400m mid-market CLO

PE Hub

Churchill MMSLF CLO III was structured in connection with Churchill’s co-investment partnership with Mubadala Investment Company. The post Churchill completes $400m mid-market CLO appeared first on PE Hub.

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Tesla Stock Has Plunged 52%. Can It Rejoin the $1 Trillion Club in 2024?

The Motley Fool

Tesla (NASDAQ: TSLA) stock peaked at more than $400 in 2021, which valued the company north of $1 trillion. But it has since plunged 52% from that high point amid a series of economic headwinds like high inflation and rising interest rates, which have forced consumers to tighten their belts. The electric vehicle (EV) industry is also slowly maturing, and Tesla is no longer the disruptive start-up it once was; it now sells millions of cars each year, which means it can't grow as quickly as it did

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LBC Credit Partners promotes Homyar Choksi to deputy chief investment officer

PE Hub

He is based in LBC's Rador, Pennsylvania headquarters. The post LBC Credit Partners promotes Homyar Choksi to deputy chief investment officer appeared first on PE Hub.

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Surprise! If You're a Medicare Enrollee, You May Have to Pay for These Expenses on Your Own.

The Motley Fool

Medicare provides health coverage to millions of seniors today. But even with that coverage, retirees commonly have to reach into their wallets to cover expenses that Medicare won't pay for. Here are a few items that fall into that category. 1. Dental care Medicare doesn't cover dental care. If you're a Medicare enrollee and need a cleaning, expect to pay out of pocket.

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Partners Group-backed EyeCare Partners taps Throckmorton as CEO

PE Hub

He is succeeding interim CEO Ben Brier. The post Partners Group-backed EyeCare Partners taps Throckmorton as CEO appeared first on PE Hub.

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Why Intel Stock Is Plummeting Today

The Motley Fool

Intel (NASDAQ: INTC) stock is sinking in Friday's trading. The semiconductor company's share price was down 11.3% as of 10:30 a.m. ET, according to data from S&P Global Market Intelligence. Intel published its fourth-quarter report after the market closed yesterday, and it actually delivered sales and earnings for the period that came in ahead of the market's expectations.

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Kinderhook-backed Continental Auto Parts snaps up collision auto parts provider Pro Parts

PE Hub

Based in Newark, New Jersey, CAP is an aftermarket collision automotive parts distribution company. The post Kinderhook-backed Continental Auto Parts snaps up collision auto parts provider Pro Parts appeared first on PE Hub.

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What Intel and Nvidia Stock Investors Should Know About Recent Semiconductor Updates

The Motley Fool

In today's video, I discuss recent news affecting Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Jan. 25, 2024. The video was published on Jan. 25, 2024. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for in

Investors 246
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HealthEdge promotes Hudson to principal

PE Hub

Hudson joined HealthEdge in 2017 as a senior analyst. The post HealthEdge promotes Hudson to principal appeared first on PE Hub.

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3 Struggling Stocks That Can Rise Between 83% and 264%, According to Wall Street

The Motley Fool

Analysts' price targets can give investors an idea of how much potential there is for a stock to rally. They can also be a reminder of just how quickly price targets can get outdated, even though they are meant to project how a stock might perform over the next 12 to 18 months. A rapidly falling stock can appear to be a huge bargain if its price target remains unchanged.

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Canada’s Top Pension Funds Embark on Major Private Credit Expansion with C$1.3 Trillion in Assets

Private Equity Insights

Six of Canada’s biggest pension funds managing C$1.3 trillion ($965.47 billion) in assets have begun a major expansion into private credit, moving into an area previously dominated by banks. Canada Pension Plan (CPP) Investments, Ontario Teachers’ Pension Plan (OTPP), Ontario Municipal Employees Retirement System (Omers), OPTrust, Healthcare of Ontario Pension Plan (HOOPP) and British Columbia Investment Management Corporation (BCI) told Reuters they intend to increase their exposure

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Why Plug Power Stock Surged 34% This Week

The Motley Fool

Shares of Plug Power (NASDAQ: PLUG) skyrocketed this week, surging 34.3% at its highest point in trading, according to data provided by S&P Global Market Intelligence. Investors in the hydrogen fuel cell maker aren't accustomed to such a solid rally -- Plug Power stock, after all, has been in a free fall and is still down 79% in just one year, as of this writing.

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Windjammer Capital closes Fund VI at $1.3bn

Private Equity Insights

Windjammer Capital Investors (Windjammer), a private equity investment firm focused on control equity investments in middle-market businesses, has closed its sixth fund, Windjammer Capital Fund VI (Fund VI), at its hard cap with $1.3bn in capital commitments. The fund, which exceeded its initial target of $1bn, is 48% greater than the firm’s $870m predecessor vehicle.

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1 Unusual Warren Buffett Growth Stock Down 52% to Buy in 2024

The Motley Fool

In September 2020, Berkshire Hathaway made an unusual move. The famous investment conglomerate bought stock in a company at its initial public offering (IPO) -- something it hadn't done since Warren Buffett became the company's CEO in May 1965. Most likely under the advisement of one of Buffett's top investment lieutenants, Berkshire invested $735 million in Snowflake (NYSE: SNOW) at a price of $120 per share.

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BGF private equity invested over €20m in Irish firms last year after completing two new deals

Private Equity Insights

The London-headquartered private equity fund has invested almost €115 million in Irish companies since it first entered the market in 2017. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up BGF, the British private equity firm, completed more than €20 million worth of investments in Irish small and medium-sized companies over the course of last year.

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Where Will Visa Be in 5 Years?

The Motley Fool

Although past results don't necessarily predict future returns, we can look back to figure out how things might fare moving ahead. With this perspective, Visa (NYSE: V) could continue to outperform. In the last decade, the payments company has seen its shares rise nearly fivefold, a gain that crushes the S&P 500. Can this financial stock continue its unstoppable track record in the next few years?

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Apollo Is Among Private Equity Firms Considering a Redstone Buyout

Private Equity Insights

Apollo Global Management Inc. is considering making an offer for National Amusements Inc., the Redstone family company that controls film and TV giant Paramount Global. Apollo is one of a number investors, both wealthy individuals and professional money managers, that have reached out in recent weeks to BDT & MSD Partners, the investment bank advising the Redstones, according to people familiar with the discussions.

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The S&P 500 Just Hit An All-Time High. Here's 1 Artificial Intelligence (AI) Stock That Still Looks Like a Bargain

The Motley Fool

Over the last year, a big contributor to the momentum in the market has been hype around artificial intelligence (AI). The overall bullish outlook on the technology seems to have carried over into 2024. This week, the S&P 500 closed at an all-time high level of 4,868.55. Some of the biggest contributors to the market over the last 12 months are the " Magnificent Seven " stocks -- a moniker used to describe the largest technology enterprises by market cap.

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Bain Capital Credit closes latest fund at more than $1bn

Private Equity Insights

Bain Capital Credit, the firm’s global credit business with $45bn in AUM, has closed its latest debt vehicle, Bain Capital Middle Market Credit 2022 (MMC 22), with commitments totalling more than $1bn, according to the Wall Street Journal. MMC 22, Bain Capital Credit’s fourth fund in its private credit strategy, is intended to provide flexible, junior debt to middle market companies with EBITDA between $25m to $75m, located across the US, Europe, Australia and New Zealand.

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Here's the Average Spousal Social Security Retirement Benefit at Age 67

The Motley Fool

For many married retirees, Social Security is essential to their retirement budgets. Nearly 9 out of 10 retirees said Social Security is at least a minor source of household income, in an annual Gallup poll. As such, making the most of the benefits available to you is important to ensure you can get the most out of your golden years. One important aspect of Social Security available to married couples are spousal benefits.