January, 2024

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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.

Financing 142
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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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Trending Sources

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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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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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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 117
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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 115

More Trending

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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.

Financing 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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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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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.

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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 113
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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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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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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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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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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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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 113
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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 130
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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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Blackstone is prepping a new $10bn credit fundraise

AltAssets

Alternative investment giant Blackstone is preparing to launch a $10bn-targeting opportunistic credit fundraise following "remarkable" results from the firm's credit arm in 2023. The post Blackstone is prepping a new $10bn credit fundraise first appeared on AltAssets Private Equity News.

Investing 100
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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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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 113
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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 128
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2 Magnificent Artificial Intelligence (AI) Growth Stocks Set to Join Apple and Microsoft in the $3 Trillion Club by 2030

The Motley Fool

There's been a technological shift in the major market indexes over the past two decades. For example, in 2004, General Electric and ExxonMobil reined supreme in terms of market capitalization, clocking in at $319 billion and $283 billion, respectively. Now, just 20 years later, a review of the chart toppers helps illustrate the changing of the guard.

Stakes 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.

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Seven Hills Capital races to three month finish of its inaugural fund

AltAssets

Healthcare services-focused Seven Hills Capital has held the first and final close of its pilot fund at a hard cap of $125m. The post Seven Hills Capital races to three month finish of its inaugural fund first appeared on AltAssets Private Equity News.

Capital 102
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Watches of Switzerland trials AI to enforce ESG targets

Financial Times: Moral Money

Tools provided by a government-funded project will allow the group to put pressure on brand partners and supply chain to reduce carbon emissions

Funds 113
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Norm Ai Raises $11.1M in Seed Funding

FinSMEs

Norm Ai, a NYC-based company working for regulatory compliance with AI agents, raised $11.1M in Seed funding. The round was led by Coatue, with participation from Haystack Ventures, M13 Ventures, Basis Set Ventures, Expa Ventures, and Atypical Ventures. The company intends to use the funds to expand operations and its business reach. Led by CEO […] The post Norm Ai Raises $11.1M in Seed Funding appeared first on FinSMEs.

Funds 113
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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 125
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4 Top S&P 500 Dividend Growth Stocks Down Between 10% and 42% to Buy in 2024 and Hold Forever

The Motley Fool

Not every stock rose last year. Consider these four -- Nike (NYSE: NKE) , MarketAxess (NASDAQ: MKTX) , Paycom Software (NYSE: PAYC) , and The Hershey Company (NYSE: HSY) -- which fell between 10% and 42% in 2023. That stands in stark contrast to the S&P 500 index's 23% rise. Despite these worrying drops, nothing changed dramatically for the worse regarding any of the four dividend growers' operations.

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Union Square Advisors sees tech deals uptick in 2024

Private Equity Wire

Union Square Advisors, a technology-focused investment bank, is expecting to see an increase in technology sector deal-making in 2024, with recent positive momentum continuing over the course of the year. This is according to the company’s 2024 outlook report (titled “The Logjam Begins to Break”), which highlights that, despite factors such as the banking crisis, high inflation, rising interest rates, elevated commodity prices, and geopolitical issues significantly affecting deal activity

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Act One triples last fundraise total to close third VC fund

AltAssets

Los Angeles-based Act One Ventures has raised $73m for its third fund amid what it says is a “pivotal moment”, with other VC firms postponing fundraises or shutting down entirely amid lack of LP capital. The post Act One triples last fundraise total to close third VC fund first appeared on AltAssets Private Equity News.

Funds 98
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Investors raise billions to buy discounted stakes in start-ups

Financial Times M&A

Buyers return after secondary market for private shares was hit by higher interest rates

Stakes 143