Fri.Jun 07, 2024

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10 States With the Highest Gas Tax

The Motley Fool

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.

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Charlesbank Invests $270m in Quorum Cyber

Private Equity Insights

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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Where Will Nvidia Stock Be in 10 Years?

The Motley Fool

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.

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Foresight holds first closing of flagship energy fund at €300m

Private Equity Insights

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.

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What Today's Stock Split Means for Nvidia (and You)

The Motley Fool

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.

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LDC Exits Cardel to Lifco in £50m Deal

Private Equity Insights

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.

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$50bn AUM New Mountain Capital and Grant Thornton Close Growth Investment Deal

Private Equity Insights

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.

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Why Constellation Energy Stock Surged Nearly 17% in May

The Motley Fool

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.

Prospects 246
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Eurazeo Sells Stake in MCH Private Equity for €80m Investment in MCH V Fund

Private Equity Insights

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

Stakes 130
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How High Could Nvidia's Stock Go This Year?

The Motley Fool

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.

Prospects 246
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Pemberton and ADIA raise $1bn for PE NAV lending

Private Equity Insights

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.

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3 Reasons to Buy Solana While It's Under $200

The Motley Fool

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).

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BB Capital Launches Two Private Markets Funds with €1bn Deal Size

Private Equity Insights

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.

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"Magnificent Seven" Stock Split: Who Will Be Next After Nvidia?

The Motley Fool

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.

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Corten Capital closes second fund at €680m

Private Equity Insights

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

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Nvidia Just Announced a Stock Split. History Says This Is What Happens Next.

The Motley Fool

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.

Banks 246
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American Discovery Capital closes second fund at $190m

Private Equity Insights

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.

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Why Crypto Stocks Skyrocketed Higher This Week

The Motley Fool

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%,

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Sound Growth Partners closes Fund I at $275m hard cap

Private Equity Insights

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.

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2 Soaring Nasdaq Stocks I'd Buy Now With No Hesitation

The Motley Fool

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.

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The Bottom 50%

A Wealth of Common Sense

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.

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Nvidia's 10-for-1 Split Isn't a Reason to Buy the Stock, but These 3 Reasons Are

The Motley Fool

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.

Investors 246
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Next Edge to wind down flagship credit fund after halting redemptions

Private Equity Wire

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

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1 Vanguard Index Fund Up 1,310% in 20 Years to Buy for the Artificial Intelligence (AI) Bull Market

The Motley Fool

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.

Funds 246
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Aquiline brings in $3.4bn across new flagship fund, HarbourVest-led continuation vehicle

AltAssets

Financial services and tech-focused private equity firm Aquiline Capital Partners has raised more than $2.3bn for its latest flagship fund and another $1.1bn for a continuation vehicle. The post Aquiline brings in $3.4bn across new flagship fund, HarbourVest-led continuation vehicle first appeared on AltAssets Private Equity News.

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Here's What Happens When You Rack Up a $20,000 Credit Card Balance

The Motley Fool

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.

Debt 246
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Deal Roundup: Blackstone buys Emerson out of JV in $3.5bn deal, Mutares makes seventh deal of the year

AltAssets

Blackstone is buying Emerson‘s 40% stake in their Copeland joint venture in a $3.5bn deal. The deal comes two years after Blackstone announced a $14bn agreement to buy a majority stake in Copeland, then known as the Climate Technologies division of Emerson. The company specialises in compressors and controls used for residential and commercial heating, […] The post Deal Roundup: Blackstone buys Emerson out of JV in $3.5bn deal, Mutares makes seventh deal of the year first appeared on

Stakes 98
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Could This Undervalued Stock Make You a Millionaire One Day?

The Motley Fool

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!

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Coller launches private wealth secondaries fund after expanding business unit outside of US

AltAssets

Secondaries-focused private equity major Coller Capital has launched its first fund accessible to eligible private wealth investors outside of the US. The post Coller launches private wealth secondaries fund after expanding business unit outside of US first appeared on AltAssets Private Equity News.

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Prediction: This Artificial Intelligence (AI) Company Will Be Acquired by Next Year

The Motley Fool

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.

Companies 246
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European investor Kartesia scores huge fund size increase with €1.8bn second senior debt fund

AltAssets

European financing investor Kartesia has closed its second senior debt fund on €1.8bn, almost double the size of its 2021 debut in the strategy. The post European investor Kartesia scores huge fund size increase with €1.8bn second senior debt fund first appeared on AltAssets Private Equity News.

Debt 97
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Where Will Shopify Stock Be in 1 Year?

The Motley Fool

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?

Returns 245
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LGT Capital Partners holds final close of third direct secondaries fund at $3bn

Private Equity Wire

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.

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My 2 Favorite Stocks to Buy Right Now

The Motley Fool

If I had to summarize my investment approach, it would be buying companies with strong dividend track records that currently have historically attractive yields. That's exactly what you'll find with Hormel Foods (NYSE: HRL) and The Hershey Company (NYSE: HSY) , two consumer staples stocks I happily own and have added to multiple times despite the ongoing headwinds they're both facing.

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