The Motley Fool
JUNE 7, 2024
Image source: Getty Images If you've ever found yourself grumbling at the gas pump, you're definitely not alone. The price you pay per gallon doesn't just cover the cost of the fuel itself; a significant portion of it goes toward taxes. And depending on where you live, that tax can make a big difference in what you pay to fill up your tank. Some states have much higher gas taxes than others, which can impact your personal finances.
Private Equity Insights
JUNE 7, 2024
US private equity firm Charlesbank Capital Partners has made an investment in Quorum Cyber, which is intended to help the global cybersecurity firm accelerate its growth strategy through talent recruitment and expansion of its services. London-based private equity firm Livingbridge is an existing partner of Quorum, having overseen development of its customer platform Clarity, team training and further expansion into the US market.
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The Motley Fool
JUNE 7, 2024
If you bought $1,000 of Nvidia (NASDAQ: NVDA) stock 10 years ago, you would have roughly $2.3 million today, a potentially life-changing return of 23,000%. While the company has probably become too large to deliver such rapid gains in the future, the next decade could bring many exciting opportunities as artificial intelligence (AI) technology develops.
Private Equity Insights
JUNE 7, 2024
Foresight Group Holdings Limited (Foresight), a private investment manager focused on real assets and capital for growth, has secured commitments of €300m at the first close of Foresight Energy Infrastructure Partners II (FEIP II). The fund has attracted support from two new cornerstone investors to the strategy, one of which is Border to Coast Pensions Partnership, a UK pension pool for Local Government Pension Schemes.
The Motley Fool
JUNE 7, 2024
The big moment is here. After today's market close, Nvidia (NASDAQ: NVDA) will complete its 10-for-1 stock split, an operation that will bring down the price of this high-flying stock from roughly $1,200 to more like $120. Nvidia shares have soared -- more than 500% over the past three years -- thanks to the company's leadership in the high-growth artificial intelligence (AI) chip market.
Private Equity Insights
JUNE 7, 2024
LDC, a private equity investor which is part of Lloyds Banking Group, has exited its investment in Cardel, a manufacturer and supplier of components used in the production of secure ID documents, and payment cards, to listed Swedish investment group Lifco. LDC first backed Cardel’s management team, led by CEO Marshall Haldane, in May 2017 to support the business’ international and domestic growth plans.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Insights
JUNE 7, 2024
New Mountain Capital, a growth-oriented private investment firm with approximately $50bn in assets under management, has closed a ‘significant’ growth investment in Grant Thornton, a US provider of audit, assurance, tax and advisory services. CDPQ and OA Private Capital made minority investments in Grant Thornton alongside New Mountain Capital in a deal that is aimed at accelerating the firm’s business strategy, according to a press statement.
The Motley Fool
JUNE 7, 2024
Shares of Constellation Energy (NASDAQ: CEG) rallied 16.8% in May, according to data provided by S&P Global Market Intelligence. Powering the utility's strong performance were its first-quarter results and the growing optimism surrounding artificial intelligence (AI)-driven power demand growth. An AI-powered boost ahead? Constellation Energy reported strong first-quarter results in early May.
Private Equity Insights
JUNE 7, 2024
French private equity firm Eurazeo has sold its 25% stake in MCH Private Equity, an asset manager specialising in small-cap private equity investments in Spain. As a result of the transaction, which is subject to regulatory approval, Eurazeo retains an €80m investment in the MCH V fund having first invested in the firm in 2019. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up In a press statement, Olivier Millet, Managing Partner and a me
The Motley Fool
JUNE 7, 2024
Nvidia 's (NASDAQ: NVDA) 10-for-1 stock split is a milestone for the artificial intelligence (AI) chip leader. It's the company's first stock split in nearly three years after it split its shares during the pandemic-era tech boom. It also adds to a streak of stock splits enacted by the " Magnificent Seven " since this group of high-flying tech players began soaring at the start of the pandemic.
Private Equity Insights
JUNE 7, 2024
Private credit investor Pemberton Asset Management is partnering with the Abu Dhabi Investment Authority to raise at least $1bn to provide net asset value loans to private equity firms, according to a report by Bloomberg. In a statement, Pemberton said that the new strategy would provide buyout firms with capital that will help them increase their commitments or do bolt-on acquisitions.
The Motley Fool
JUNE 7, 2024
Buying a high-priced stock can be tricky since there's always the risk you may end up buying it at or near its peak. And even though a business is growing, the inevitable question becomes whether the business is growing fast enough to justify its valuation. Nvidia (NASDAQ: NVDA) is an excellent example of that. At a market cap of $2.8 trillion, it has become one of the most valuable stocks in the world.
Private Equity Insights
JUNE 7, 2024
BB Capital Investments has launched two new funds within the firm’s private markets fund-of-funds strategy – the BB Capital Private Credit Fund and the BB Capital NextGen Fund – both of which it says are unique to the Dutch market. BB Capital Private Credit Fund provides access to a diversified portfolio of private credit funds, while BB Capital NextGen Fund provides access to international impact funds focused on the crucial themes of climate change, the circular economy and social equality.
The Motley Fool
JUNE 7, 2024
Solana (CRYPTO: SOL) has taken investors on a wild ride since its first block was created on March 16, 2020. The cryptocurrency launched at $0.95 and soared to an all-time high of $260.06 on Nov. 6, 2021, but now trades at about $165. At first, Solana's blockchain attracted a lot of attention from developers as a faster alternative to Ethereum (CRYPTO: ETH).
Private Equity Insights
JUNE 7, 2024
London-based private equity firm Corten Capital has held the final close of Corten Capital II at €680m. The fund will focus on investments in business software, services and data companies across Europe and North America. Corten Capital I, the firm’s predecessor fund, is now substantially invested and will continue to build its portfolio companies Matrix42and Ekco, according to a press statement, which have seen significant growth and value creation since the firm invested in them in 2021 and 2
The Motley Fool
JUNE 7, 2024
Nvidia (NASDAQ: NVDA) was already the hottest stock on the market, but investor interest in the AI chip leader is reaching a fever pitch ahead of its 10-for-1 stock split, which is set to take effect after the markets close June 7. The first post-split trading day will then be June 10. Nvidia already delivered blockbuster returns for investors who bought the stock early in the generative AI cycle.
Private Equity Insights
JUNE 7, 2024
Lower middle market-focused private equity firm American Discovery Capital has held the final close of American Discovery Fund II at $190m in total capital commitments. ADC’s latest fund closed at more than three times its predecessor, American Discovery Fund I, which closed in 2019 and invested $60m across six portfolio companies and 17 add-on acquisitions.
The Motley Fool
JUNE 7, 2024
The crypto industry came to life this week driven by gains from Bitcoin (CRYPTO: BTC). Economic news this week was a bit mixed with a strong jobs report coming out on Friday after OPEC maintained oil production cuts earlier in the week. Bond yields rose as investors pushed out expectations for a rate cut. According to data provided by S&P Global Market Intelligence , shares of Coinbase Global (NASDAQ: COIN) rose as much as 16.5% for the week, MicroStrategy (NASDAQ: MSTR) was up as much as 12.7%,
Private Equity Insights
JUNE 7, 2024
Seattle-based private equity firm Sound Growth Partners (SGP) has closed its oversubscribed inaugural buyout fund at its hard cap after securing $275m in capital commitments, including anticipated leverage. The fund will invest in niche market leaders in the lower middle market using the firm’s One-Stop Buyout approach, providing all the capital necessary to close a transaction.
The Motley Fool
JUNE 7, 2024
The U.S. stock market has been in an impressive bull rally for the past year and a half, despite a slowing economy, high inflation, and mounting geopolitical pressures. The technology-heavy Nasdaq Composite index posted a remarkable 43% gain in 2023, driven mainly by the artificial intelligence (AI) trend. The trend seems to have persisted, and the Nasdaq Composite is up by 14% so far in 2024.
Private Equity Wire
JUNE 7, 2024
A surge in redemption requests has prompted private debt manager Next Edge Capital to gate its flagship credit fund, leaving clients unable to access their money and the firm now planning to wind down the portfolio over the next two years, according to a report by the Globe and Mail. The move is the Toronto-based asset manager’s second wind-down of a private debt fund, with the firm having been in the process of closing the Next Edge RCM Private Yield Fund, whose credit adviser is RC Morri
The Motley Fool
JUNE 7, 2024
On Monday, the stock price of Nvidia (NASDAQ: NVDA) will fall about 90%. But don't worry, Nvidia holders -- you'll also have 10 times as many shares, as the company will perform the 10-for-1 stock split it announced on its May 22 earnings call. Stock splits don't change the underlying valuation of a company, but some think they're reasons to buy a stock.
A Wealth of Common Sense
JUNE 7, 2024
Americans are earning more income from their investments than ever before. Here’s the data from the Wall Street Journal: Americans in the first quarter earned about $3.7 trillion from interest and dividends at a seasonally adjusted annual rate, according to the Commerce Department, up roughly $770 billion from four years earlier. That’s a whole lot of passive income.
The Motley Fool
JUNE 7, 2024
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has never had more cash than it does now. At the end of the first quarter, the conglomerate led by CEO Warren Buffett had over $189 billion in cash and short-term investments on its books. The buildup of that cash stockpile has some concerned that it might be a silent warning to the stock market. After all, if Buffett isn't putting that cash to work, there must not be many good deals in the market.
Private Equity Wire
JUNE 7, 2024
Private equity leaders are cautioning that the industry is likely to face years of lower returns as they work to sell off assets accumulated during the investment boom of the coronavirus pandemic, according to a report by the Financial Times. Following a period of rapid growth and record fundraising, buyout groups are now challenged with exiting investments in unsold companies worth trillions of dollars.
The Motley Fool
JUNE 7, 2024
The Vanguard Information Technology ETF (NYSEMKT: VGT) returned 1,310% over the last two decades, compounding at 14.1% annually. By comparison, the S&P 500 (SNPINDEX: ^GSPC) returned 599% during the same period, compounding at 10.2% annually. Put differently, $100 invested monthly in the Vanguard ETF would be worth about $132,000 today, while the same amount invested in an S&P 500 index fund would be worth just $78,000.
Private Equity Wire
JUNE 7, 2024
LGT Capital Partners has completed the final close of Crown Secondaries Special Opportunities III at $3bn, exceeding the original target size of $2.5bn. The firm’s fund provides liquidity solutions for private equity-owned companies. CSSO III acquires direct minority stakes in private equity-owned portfolio companies, finances M&A growth and participates in concentrated continuation vehicles.
The Motley Fool
JUNE 7, 2024
Image source: Getty Images It's natural to turn to credit cards every so often for unplanned expenses or larger purchases you can't quite cover on the spot. But relying on credit cards too often could lead to a situation where your debt has gotten out of hand. That's the situation a lot of consumers are in today. Recent data from Experian finds that Gen Xers owe more money on their credit cards than any other generation, with an average balance of $9,123.
Private Equity Wire
JUNE 7, 2024
A company backed by global private investment firm Permira has made a significant investment in PharmaCord, a provider of patient services for the pharmaceutical industry, which will continue to be led by founder and CEO Nitin Sahney. Both Sahney and the existing management team will also remain as significant investors in the business, although financial terms of the transaction have not been disclosed.
The Motley Fool
JUNE 7, 2024
For investors working with nothing more than whatever money's left over at the end of every month after all the bills are paid, the idea of becoming a millionaire can feel out of reach. There's good news, though. It's not impossible to build a seven-figure nest egg, even from meager beginnings. The keys to doing so are consistently coming up with whatever money you can to contribute to the effort, using time to your full advantage, and, of course, picking the right stocks!
Private Equity Wire
JUNE 7, 2024
Aquiline Capital Partners, a private investment firm focused on financial services and related technologies, has raised $2.3bn for its fifth private equity fund, Aquiline Financial Services Fund V, making it the firm’s largest fund to date. AFS V attracted support from the firm’s existing investor base of financial institutions, sovereign wealth funds, public pension funds, funds of funds and family offices, as well as first-time commitments from investors across the US, Europe, the
The Motley Fool
JUNE 7, 2024
The S&P 500 and Nasdaq Composite have both posted returns of roughly 10% so far in 2024. One of the biggest catalysts driving these returns is artificial intelligence (AI). While this might make the technology sector particularly tempting, smart investors know that not all opportunities are equal. One stock that got ahead of itself amid AI euphoria is UiPath (NYSE: PATH) , a developer of robotics processing automation (RPA) software to help office workers with administrative tasks.
Private Equity Wire
JUNE 7, 2024
Yellow Wood Partners, a Boston-based private equity firm focused on consumer brands and companies, has completed the acquisition of Elida Beauty, which includes Q-Tipsm Timothy and Impulse, from Unilever. In conjunction with the closing, consumer packaged goods executive Alfie Vivian has been appointed as CEO of Elida to work with the Yellow Wood team towards the company’s growth.
The Motley Fool
JUNE 7, 2024
Shopify 's (NYSE: SHOP) stock performance has been a mixed bag since the company went public in 2015. Those who bought in at the start and have held on since then are sitting on a 2,220% gain. But the stock has also taken some steep drops along the way. Over the past 30 days, for instance, shares have lost one-fifth of their value. What lies ahead for Shopify, operator of one of the world's largest e-commerce platforms?
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