Wed.May 31, 2023

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Bowling restaurant chain Pinstripes scores investment from Granite Creek

PE Hub

Pinstripes will use the proceeds from the investment to finance its expansion. The post Bowling restaurant chain Pinstripes scores investment from Granite Creek appeared first on PE Hub.

Investing 216
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The Art of Storytelling & Story Listening

Indigo Marketing Agency

At the recent Jolt Conference , Director of Marketing Elizabeth Reider met one of our influencers, Dr. Preston Cherry , who shared the art of storytelling for financial advisors. Dr. Cherry discussed some great practices we think advisors can implement today when sitting down to meet with a current or prospective client. Active Listening When you’re meeting with a client or prospect, it’s their turn to share; you want to connect with who they are and where they are.

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Trending Sources

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Sterling Group’s small-market team launches auto services platform; Trinity Hunt invests in Centricity Research

PE Hub

Trinity backs clinical research network Centricity. The post Sterling Group’s small-market team launches auto services platform; Trinity Hunt invests in Centricity Research appeared first on PE Hub.

Investing 197
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Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies

Blackstone News

Rebrand to Copeland Reflects 100-Year Legacy of Leadership in HVAC and Refrigeration Technology and Solutions Sustainable Climate Solutions Leader Positioned for Next Phase of Growth with Enhanced Focus on Innovation to Transform How People Live and Work Emerson Receives Approximately $9.7 Billion in Upfront, Pre-Tax Cash Proceeds and $2.25 Billion Seller’s Note; Retains 40% Common Equity Ownership NEW YORK and ST.

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AIMCo recruits Kevin Bong as chief strategist, head of Singapore

PE Hub

Bong joins AIMCo from the Government of Singapore Investment Corp (GIC). The post AIMCo recruits Kevin Bong as chief strategist, head of Singapore appeared first on PE Hub.

Investing 197
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Fearless girl: Is finance making progress?

Top 1000 Funds

Visible positioning on the inclusion of women in financial services is now the norm. But the number of women who are CFA Institute members globally – often seen as a proxy for the industry – is just 19 per cent. So, what else can be done to further improve diversity?

More Trending

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Exxon and Chevron shareholders cut support for climate resolutions

Financial Times: Moral Money

Annual meeting votes highlight differences between investors at US and European oil companies

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HCI Equity-backed Tech24 buys commercial kitchen repair services firm TMR

PE Hub

TMR specializes in servicing hot and cold side equipment and HVAC repair, primarily in restaurants and convenience stores. The post HCI Equity-backed Tech24 buys commercial kitchen repair services firm TMR appeared first on PE Hub.

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Identifying Emerging Managers

The Big Picture

I am moderating a fascinating panel today at Bloomberg’s Hedge Fund Start-Up Conference 2023. It is a great collection of newer hedge fund managers who have put up impressive numbers consistently over the past few years. The challenge for investors in alternatives is twofold: The first is identifying those managers who can consistently generate alpha in excess of fees; and the second, is to find them early enough so they are still willing to accept your capital.

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AEI taps Hickey as managing director and Appleman as VP

PE Hub

Both will support capital raising across the firm’s four investment strategies, which include private equity, venture capital, structured solutions and aerospace leasing. The post AEI taps Hickey as managing director and Appleman as VP appeared first on PE Hub.

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The Lex Newsletter: Tokyo comes to Wall Street (again)

Financial Times - Banking

Japanese financial groups have been beefing up their US presence

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The potential and pitfalls of AI for private equity

PE Hub

Taking a measured approach to evaluating AI tools arms PE firms to navigate the opportunities and risks of various potential solutions. The post The potential and pitfalls of AI for private equity appeared first on PE Hub.

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Time to Ditch The Alberta Pension Plan Once and For All

Pension Pulse

Anthony Pizzino, CEO of the National Association of Federal Retirees, wrote an op-ed for the Globe and Mail on why with Alberta election over, Danielle Smith must formally toss out her provincial pension plan idea: Only 21 per cent of Albertans think the province should withdraw from the Canada Pension Plan and create its own plan – an idea once backed by Premier Danielle Smith, whose United Conservative Party won another majority in Monday’s election.

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Trinity Hunt invests in clinical trial network Centricity Research

PE Hub

McGuireWoods served as legal advisor to Trinity Hunt on the deal. The post Trinity Hunt invests in clinical trial network Centricity Research appeared first on PE Hub.

Legal 188
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Mailbag: Tax Strategies, Charitable Lead Trusts, and More

Integrity Financial Planning

When you’ve made your small business both your livelihood and retirement plan, there’s a lot to sort out when you’re ready to sell it. Brian answers a question from the mailbag from someone ready to wash his hands of owning and running a storage facility. What can he do to avoid a big tax bill? Another listener asks what he should know about a charitable lead trust.

Taxes 52
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Great Hill hires Roberts as managing director

PE Hub

Roberts joins the firm’s digital commerce team, focusing on investments across ecommerce, marketplaces, consumer products, services and adjacent enabling software verticals. The post Great Hill hires Roberts as managing director appeared first on PE Hub.

Investing 182
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Finding Ideal Clients With Webinars and Courses

Indigo Marketing Agency

As a financial advisor, finding ideal clients can be a challenging task. However, with the increasing popularity of webinars and courses, it has become easier to connect with potential clients and build credibility. In a recent panel discussion at the Jolt Conference , experts shared insights on how financial advisors can use webinars and courses to attract clients.

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Clairvest, Morgan Stanley’s PE secondaries group invest in Top Aces

PE Hub

Top Aces is a Dorval, Quebec-based provider of advanced airborne training. The post Clairvest, Morgan Stanley’s PE secondaries group invest in Top Aces appeared first on PE Hub.

Investing 182
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ESG: war in Ukraine leaves ethical investors sitting on defence

Financial Times: Moral Money

While number of funds investing in armaments has ticked up marginally, managers in this space are still 70-90% underweight

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Kinderhook Industries-backed REIC buys Midstream Equipment Corp

PE Hub

Midstream Equipment Corp is a Calgary-based provider of specialty rental solutions for critical applications in the oil and gas and large industrial sectors. The post Kinderhook Industries-backed REIC buys Midstream Equipment Corp appeared first on PE Hub.

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Franklin Templeton to buy Putnam Investments for more than $1bn

Financial Times M&A

Acquisitive California asset manager strikes deal that will expand business in alternatives and retirement plans

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Stonepeak appoints Leitner as senior managing director

PE Hub

Based in New York, Leitner will help lead the continued buildout of Stonepeak’s credit investing capabilities. The post Stonepeak appoints Leitner as senior managing director appeared first on PE Hub.

Investing 178
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Exploring the Price (Value) Factor

Ron A. Rhodes

What is the “Price” (Value) Factor? Simply stated, a diversified basket of “value” stocks (i.e.

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Kelso-backed Novvia Group buys packaging firm Northern Container

PE Hub

Novvia is a global rigid container and life sciences packaging distributor. The post Kelso-backed Novvia Group buys packaging firm Northern Container appeared first on PE Hub.

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How can a fractional CFO help accelerate growth for startups and scaleups?

Insight Partners

For early stage companies, the steady hand of an experienced Chief Financial Officer (CFO) can be hugely beneficial. However, getting someone on board who can offer genuine expertise is easier, and cheaper, said than done. This is where a fractional CFO — i.e. an experienced CFO that joins your company on a part-time or contract basis — can be of great help.

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CVC Credit supports refinancing of cybersecurity consultancy Optiv

PE Hub

Optiv is a portfolio company of KKR. The post CVC Credit supports refinancing of cybersecurity consultancy Optiv appeared first on PE Hub.

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NUBURU Delivered First Units Under Partnership with Essentium in Additive Manufacturing for Metal Industrial Parts

Anzu Partners

CENTENNIAL, Colo.–( BUSINESS WIRE )–NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, today announced that multiple units were delivered to Essentium, a worldwide leader in industrial additive manufacturing (AM). In May 2022, Essentium and NUBURU jointly announced a multi-year, multi-million-dollar agreement to develop and manufacture a blue laser-based metal AM platform.

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Alpine Investors-backed Axcel Learning acquires IT certification exam prep firm Dion Traininig

PE Hub

Axcel Learning is a professional education platform. The post Alpine Investors-backed Axcel Learning acquires IT certification exam prep firm Dion Traininig appeared first on PE Hub.

Education 164
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Lansdowne to buy investment boutique in long-only push

Financial Times M&A

Deal for Crux cements evolution of what was once one of Europe’s leading hedge funds into a mainstream asset manager

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Clarion Capital backs fintech firm Ready Credit

PE Hub

The investment will be used by Ready Credit to accelerate growth. The post Clarion Capital backs fintech firm Ready Credit appeared first on PE Hub.

Capital 171
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The coming crackdown on the ESG ratings industry

Financial Times: Moral Money

Also in today’s newsletter, UK power provider Drax crosses the Atlantic

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WCAS-backed EnableComp appoints Miller as CFO

PE Hub

EnableComp is a provider of work comp reimbursement solutions. The post WCAS-backed EnableComp appoints Miller as CFO appeared first on PE Hub.

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The institutional investors souring on China

Financial Times M&A

Plus, HSBC considers whether Ping An has political motivations and cyberweapon maker Paragon takes on NSO Group

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Sterling Group’s lower mid-market team forms tire and auto services platform

PE Hub

The firm is working with John Adams, the former CEO of Full Speed Automotive. The platform will acquire tire and retail service retail locations in various markets across the country. The post Sterling Group’s lower mid-market team forms tire and auto services platform appeared first on PE Hub.

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