January, 2024

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Find untapped deal flow in aged portfolio company holding periods

Private Equity Info

Access untapped M&A deal flow by searching for aged private equity-backed portfolio companies that may be seeking an exit.

Deal Flow 278
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This is the Best U.S. Economy Since the 1990s

A Wealth of Common Sense

As millennials reach middle age (hand up), prepare yourself for a wave of 1990s nostalgia. Remember MTV? Remember life before smartphones and social media? Remember rap groups? Remember life before everyone was forced to care about politics? Remember Saved by the Bell? Remember going to Blockbuster on a Friday night to pick out a movie? Finance people also have an affinity for the 1990s economy.

Finance 143
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Trending Sources

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Prediction: 3 Artificial Intelligence (AI) Stocks That Will Lead the New Bull Market

The Motley Fool

It's official: A new bull market is here. And part of the reason for that is the rise of artificial intelligence (AI). This roundtable panel of Motley Fool contributors agrees that AI stocks will lead this new bull market. But will the AI stocks that led the market out of the doldrums and toward the recent highs be the same stocks that will carry the bull market forward?

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Summit Partners buys auto body repair services provider CollisionRight from CenterOak

PE Hub

Since its formation in 2020, CollisionRight’s network has expanded to more than 85 repair centers across nine states. The post Summit Partners buys auto body repair services provider CollisionRight from CenterOak appeared first on PE Hub.

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Are You Bullish or Bearish in 2024?

The Big Picture

What are the Bull and Bear cases for 2024? I don’t do annual forecasts1 because the short-term is way too random. Instead, I prefer to consider market history and recent data, and ask “What are the possible and probable outcomes for this year?” I find it very useful as an investor to be able to see both sides of the bull-bear debate.

Bidding 131
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Goldman Sachs passes alts fundraising target ahead of schedule

Private Equity Wire

Goldman Sachs has surpassed its fundraising target for alternative investments by over $25bn and, with a year to spare, raising over $251bn since year-end 2019 versus a target of $225bn, according to the company’s latest earnings release. Goldman Sachs now has over $450bn in alternatives assets, with scaled offerings across private credit, private equity, infrastructure, real estate, sustainable investing, secondaries, GP stakes and third-party manager selection.

Stakes 121

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Americans Are Better Off Than You Think

A Wealth of Common Sense

Bernie Sanders was railing against wealth inequality again last week: The rich do control most of the financial assets in this country. The top 10% owns close to 90% of the stock market in the U.S. Most of the income gains in the past 40 years or so have gone to the wealthy. That’s not great. But the idea that two-thirds of all Americans cannot cover an emergency expense simply doesn’t hold up to the facts.

Assets 141
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IBM's Artificial-Intelligence Business Is Booming

The Motley Fool

International Business Machines (NYSE: IBM) , a company that has been largely written off by investors over the past decade, is having a moment. A yearslong transformation effort has rejiggered the company's portfolio, aligning it on two priorities: Hybrid cloud computing and artificial intelligence. In both areas, IBM's strength lies in its ability to offer full-scale solutions to its enterprise clients.

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Burt Malkiel & Alex Michalka’s Insights for Investors in 2024

Wealthfront

In planning your investment strategy for 2024 and beyond, there are wise principles to keep in mind: While no one can predict how market prices will move in any particular period, there are time-tested general rules that can put the odds of success squarely in your favor. In this letter we will offer some simple […] The post Burt Malkiel & Alex Michalka’s Insights for Investors in 2024 appeared first on Wealthfront Blog.

Investors 122
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State Coincident Indicators Slipping

The Big Picture

I am popping out of book leave to share this single data point that snuck out over the holidays: The Federal Reserve Bank of Philadelphia’s State Coincident Indicators for November 2023. I like the SCI – its broad, consistent, and does not operate with too big of a lag. Over the past three months, the indexes increased in 25 states, decreased in 21 states, and remained stable in four, for a three-month diffusion index of 8.

Banks 131
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Wisedocs Raises $9.5M in Series A Funding

FinSMEs

Wisedocs, a Toronto, Canada-based machine learning software-as-a-service (SaaS) for medical record review, indexing, and summarization, raised $9.5M in Series A funding. The round was led by Information Venture Partners, and by Thomson Reuters Ventures and ManchesterStory. The company intends to use the funds to expand operations and its business reach.

Funds 117
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KKR completes acquisition of remaining 37% of Global Atlantic

Private Equity Wire

KKR & Co has closed its previously-announced acquisition of the remaining 37% of Global Atlantic, increasing its ownership of the insurance company, which caters for both individual and institutional clients, to 100% in the process. KKR has acted as Global Atlantic’s asset manager since acquiring a majority stake in the business in 2021. Global Atlantic will continue to be led by its management team and operate under the Global Atlantic brand.

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Historical Returns For Stocks, Bonds & Cash

A Wealth of Common Sense

Bonds have had a rough go at it these past few years. 2021 was a down year. 2022 was the worst year in history for bonds. 2023 was better although rates were so volatile that the ride certainty wasn’t much fun to be on. In the 10 years ending 2023, 10 year Treasury bonds had an annual return of just 1.5%. The annual inflation rate over that same time frame was 2.8%, meaning you lost money on a real basis in the benc.

Returns 141
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3 Reasons Not to Get a New Car in 2024

The Motley Fool

Image source: Getty Images If you have a number of lofty goals set for 2024, you're probably in good company. Many people make personal finance resolutions at the start of a new year, and one of yours might be to replace your old clunker of a car with a newer model. It's easy to see why you'd want to upgrade your car, especially if you drive often. But here's why you may want to avoid buying a car this year.

Finance 278
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Iceland’s LV battens down for AI and ESG-linked volatility ahead

Top 1000 Funds

The CIO of Iceland's second largest pension fund outlines the importance of diversification overseas – and the challenge of not being able to hedge inflation in the fund's liabilities because of limitations in the banking sector.

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At the Money: Forecasting Recessions

The Big Picture

At the Money: Forecasting Recessions with Claudia Sahm (January 31, 2024 ) Investors don’t like recessions. But how can they tell if one’s coming? There’s an indicator for that. It’s called the “Sahm Rule,” named for economist Claudia Sahm. In this episode, we discuss how to use labor data to forecast recessions.

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Internet 2.0 Conference’s 2024 Edition Brings Game-Changing Discussions

FinSMEs

Dubai, UAE, January 31st, 2024, FinanceWire The Internet 2.0 Conference will be back in 2024, providing leaders with a legitimate platform in Dubai and Las Vegas to envision the future of technology. The highly anticipated Internet 2.0 Conference is returning with its 2024 Edition, promising to be a cornerstone event for tech enthusiasts and professionals […] The post Internet 2.0 Conference’s 2024 Edition Brings Game-Changing Discussions appeared first on FinSMEs.

Returns 116
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Blackstone Announces New Co-Chief Investment Officers and Co-Head of Real Estate

Blackstone News

Ken Caplan & Lionel Assant Promoted to Co-Chief Investment Officers of Blackstone Nadeem Meghji Promoted to Global Co-Head of Blackstone Real Estate NEW YORK – January 11, 2024 – Blackstone (NYSE: BX) announced today that Ken Caplan, current Global Co-Head of Real Estate, and Lionel Assant, European Head of Private Equity, have been elevated to newly created roles as Global Co-Chief Investment Officers (CIOs) of Blackstone.

Investing 115
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What Comes After a Good Year in the Stock Market?

A Wealth of Common Sense

2023 was a good year for the stock market. Bad years in the stock market are typically followed by good years (but not always): The obvious follow-up here is: What happens after good years? Or how often do we see good years followed by good years? There are, of course, bad years that follow good years, just like there are good years that follow bad years.

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A Bull Market Is Coming: 2 Unstoppable Artificial Intelligence (AI) Stocks Up 114% and 219% in 2023 to Buy in 2024

The Motley Fool

The stock market is coming off a great year in 2023, with the S&P 500 index surging 26.3%, including dividends. It's on the cusp of setting a new all-time high for the first time in two years. It only has to gain another 2.2% to get there, and it would mark the official beginning of a new bull market. ^SPX data by YCharts Artificial intelligence (AI) was the hottest stock market theme in 2023, led by Nvidia which seized a dominant share in the market for AI data center chips.

Education 278
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Norwegian VC firm Sandwater just raised double its target for its inaugural impact fund

AltAssets

Oslo-based venture capital firm Sandwater has hit double its fundraising target to reach a NOK1.4bn ($135m) final close for its inaugural fund. The post Norwegian VC firm Sandwater just raised double its target for its inaugural impact fund first appeared on AltAssets Private Equity News.

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MiB: Cathy Marcus, Co-CEO, Global COO of PGIM Real Estate

The Big Picture

 This week, we speak with Cathy Marcus , co-chief executive officer and global chief operating officer of PGIM Real Estate , which manages over $200 billion in assets. As co-CEO, Marcus develops and leads the company’s global strategy; as global COO, she is responsible for overseeing business and investment operations globally. She is also co-chair of the board of directors of RealAssetX , PGIM Real Estate’s innovation lab aimed at accelerating advancement in the real assets industry.

Startups 117
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Roofer.com Raises $7.5M in Seed Funding

FinSMEs

Roofer.com, a Dallas, TX-based technology company in the roofing industry, raised $7.5M in Seed funding. The round was led by Mucker Capital with participation from Soma Capital, HF0, Asymmetric Capital Partners, Alumni Ventures, HustleFund, The Council, GoAhead Ventures, Mirada Capital and several angels such as the Founder and CEO of Mercury and the Founder and […] The post Roofer.com Raises $7.5M in Seed Funding appeared first on FinSMEs.

Funds 116
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Top 25 Lower Middle Market Investment Banks of 2023

Axial

Axial is excited to release our 2023 Lower Middle Market Investment Banking League Tables. To assemble this list, we reviewed the 2023 deal-making activities of 807 investment banks and advisory firms that met the qualifications to be considered for league tables. In 2023, the sell-side membership brought 9,957 deals to market via the Axial platform.

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What is the Historical Rate of Return on Housing?

A Wealth of Common Sense

A reader asks: Ben, I love reading your work. Stocks, bonds, and cash are the categories to compare but it hit me as a “boomer” retired, what about home ownership as a comparison? Stay warm! This question was in response to my recent piece on the historical returns for stocks, bonds and cash: There are typically a fair number of requests for other asset classes whenever I post this kind of data.

Returns 138
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Will Disney Stock Finally Get Back to $100 Next Month?

The Motley Fool

It's been more than eight months since Walt Disney (NYSE: DIS) last traded in the triple digits, but momentum is finally on its side. The stock that has lost to the S&P 500 (SNPINDEX: ^GSPC) for three consecutive years has more than doubled the market's return in January with a 6% return heading into this week. This could be the time for the entertainment giant to end its run of trading exclusively in the double digits since early May of last year.

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BlackRock cuts 600 staff as asset managers defend profit margins

Financial Times: Moral Money

Fink and Kapito say headcount will increase this year as firm invests in technology and new offerings

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At the Money: Investor Incompetence

The Big Picture

At The Money: David Dunning professor of psychology at the University of Michigan ( Go Blue! ) (January 10, 2024) Investor incompetence might play a larger role in poor performance than you think. That’s thanks to a phenomenon called the Dunning-Kruger Effect. Full transcript below. ~~~ About this week’s guest: David Dunning is a professor of psychology at the University of Michigan.

Investors 113
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Wondercraft Raises $3M in Seed Funding

FinSMEs

Wondercraft, a London, UK-based AI audio content company, raised $3M in Seed funding. The round was led by Will Ventures and backed by Y Combinator, ElevenLabs, Steven Bartlett and other Angels. The company intends to use the funds to further build out the capabilities of the platform and expand the features available to its users. Founded by Dimitris Nikolaou and Youssef […] The post Wondercraft Raises $3M in Seed Funding appeared first on FinSMEs.

Funds 116
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2024 Valuation Expectations: Insights From Axial Investment Bankers

Axial

Last quarter, we surveyed the Axial Investment Bank membership on the topic of exit preparation. We previously covered valuation expectations and the contributing factors that lead to buyer and seller misalignment. Today, we are diving deeper and sharing insights on the valuation outlook for 2024. We are grateful to all the Investment Bankers who contributed to the survey and provided useful color for this series on exit preparation.

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17 Thoughts About Money

A Wealth of Common Sense

Some money stuff I’ve been thinking about lately: 1. Freedom is overrated as a financial goal. There are plenty of billionaires who can do whatever they want, whenever they want and spend as much money as they want. Many of these people still seem miserable or don’t take advantage of their perceived freedom. Financial contentment is a better goal than financial freedom. 2. ‘Money can’t buy happines.

Financing 136
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Should You Sign Up for Pay-Per-Mile Auto Insurance in 2024?

The Motley Fool

Image source: Getty Images When you own a car, auto insurance is an inevitable expense that comes with it. Ascent research finds that U.S. drivers pay $3,017 per year, on average, to maintain auto insurance. But the premium you pay will hinge on a variety of factors, including: Your driving history The make, model, and condition of your car at the time you buy it Your location Another factor that might influence your car insurance costs is the extent to which you use your car.

Companies 264
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PSG pays over €100m to acquire majority interest in Visit Group

Private Equity Wire

PSG Equity (PSG), a growth equity firm focused on software and technology-enabled services companies, has paid over €100m to acquire a majority interest in Visit Group, a Nordic-based, hospitality and travel software company. Headquartered in Gothenburg, Sweden, Visit Group provides collaborative commerce software to in-destination experience vendors, including lodgings, day tours and attractions, mountain resorts, ferry operators, amusement parks and activity vendors.

Finance 103
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10 New Years Day Reads

The Big Picture

Happy New Year! Kick it off right with our first day of the year reads: • Everything Wall Street Got Wrong in 2023 : Stocks were supposed to slump and bonds rally as the Fed drove the US into a recession. It didn’t play out as strategists expected. ( Bloomberg ) • Crypto Animal Spirits Are Back. What’s Ahead for 2024. Bitcoin backers are looking forward to an ETF and other catalysts that could lift prices in 2024. ( Barron’s ) see also Stocks Beat the Odds This Year.

Assets 107