Private Equity Wire
MAY 30, 2024
Goldman Sachs Alternatives has held the final close of West Street Loan Partners V, its latest large-cap senior direct lending vehicle, with $13.1bn of total capital, plus more than $7bn in related managed accounts and $550m of co-investment vehicles. The fundraise is the largest Loan Partners fund raised since the inception of the strategy in 2008, according to a press statement.
The Motley Fool
MAY 31, 2024
In 2022, the U.S. was hammered by the fiercest inflation it had faced in four decades amid the lingering macroeconomic disruptions and supply chain issues that followed the COVID-19 pandemic. As a result, in January 2023, Social Security beneficiaries got an 8.7% cost-of-living adjustment (COLA) -- the largest increase since the early 1980s. But many retirees are still struggling.
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FinSMEs
MAY 31, 2024
Exactly.ai, a London, UK-based provider of a platform platform for artists and illustrators to create AI models based on their own work, raised $4.3m in seed funding. The round was led by Speedinvest, with participation from InReach Ventures, Cornerstone VC, and GuruDev Capital. The company intends to use the funds to expand operations and its business reach. exactly.ai […] The post Exactly.ai Raises $4.3M in Seed Funding appeared first on FinSMEs.
A Wealth of Common Sense
MAY 31, 2024
It’s estimated just 1% to 3% of American households owned stocks heading into the Great Depression. Few people made enough money to save and invest back then plus it was difficult to access the market for regular people — no 401ks, IRAs, online brokers, robo-adviors, index funds, ETFs, Robinhood, etc. By the early-1980s stock ownership was more like 1 in 5 households.
Private Equity Wire
MAY 31, 2024
Golden Goose, the Italian luxury sports brand owned by British private equity firm Permira, is planning to raise €100m by floating at least 25% of the business on the Milan Stock Exchange, according to a report by the Financial Times. As well as raising cash from the sale of new shares, Golden Goose is also set to sell an unspecified number of existing shares.
The Motley Fool
MAY 30, 2024
Image source: The Motley Fool/Upsplash This morning I heard on the news that United Wholesale Mortgage, the largest mortgage lender in America, is offering what is essentially a zero down mortgage. It works like this: The lender writes a 97% mortgage with a 3% second mortgage, but it's the same thing as a zero down mortgage. I couldn't be happier to see this.
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A Wealth of Common Sense
MAY 29, 2024
Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: Wages grow faster than prices most of the time, but not always.
Private Equity Wire
MAY 31, 2024
IK Partners, via its IK Small Cap III Fund, will acquire a majority stake in BIOBank, a French manufacturer and distributor of bone allografts, from investment firms Verto Growth and Capital Croissance as well as the management team, who will be reinvesting. Financial terms of the transaction have not been disclosed. Founded in 1999 and headquartered in Lieusaint, BIOBank is a human tissue bank specialising in the preparation and distribution of bone allografts — which are taken from another ind
The Motley Fool
MAY 31, 2024
Saving and investing for retirement is essential if you want to enjoy your golden years. The average Social Security benefit for retired workers is currently $1,915 per month. That's not a ton of money to cover necessary expenses as well as retirement hobbies, activities, travel, etc. But consistently saving and investing in a tax-advantaged retirement account like a 401(k) or IRA can set you up to be able to spend much more later in life.
FinSMEs
MAY 30, 2024
Valar Labs, a Palo Alto, CA-based developer of computational histology AI (CHAI) tests for predicting response to cancer therapies, raised $22M in Series A funding. The round was led by DCVC and Andreessen Horowitz (a16z) Bio + Health with participation from Pear VC. Vineeta Agarwala, MD, PhD, General Partner at a16z Bio + Health, and […] The post Valar Labs Raises $22M in Series A Funding appeared first on FinSMEs.
Blackstone News
MAY 29, 2024
Inclusive of recent land sale, sale proceeds total $768 million New York – Blackstone Real Estate today announced that it has reached an agreement to sell Turtle Bay Resort for $725 million. Blackstone purchased the hotel in 2018 for $332 million and subsequently invested significant capital in renovations. Rob Harper, Head of Blackstone Real Estate Asset Management Americas, said, “This transaction is an excellent outcome for our investors and a testament to Blackstone’s ability, including th
Private Equity Wire
MAY 30, 2024
Pan-European private equity investor Oakley Capital, via its Oakley Capital Fund V, has invested in ProductLife Group, a European provider of outsourced development, regulatory and compliance services to the global life sciences industry. According to a press statement, Oakley will work alongside management and reinvesting shareholder 21 Invest to support the company’s continued international expansion, as well as accelerating investments into AI technology to drive technology enablement o
The Motley Fool
MAY 31, 2024
Artificial intelligence (AI) has spread like wildfire since early last year, and the benefits are clear. These generative AI algorithms take AI to the next level, creating original text, images, and video from a few simple prompts. As a result, users can simplify mundane and time-consuming tasks and increase productivity. As the old adage states, "Time is money," so businesses are eager to adopt these next-generation systems.
FinSMEs
MAY 29, 2024
Product Fruits, a Prague, Czech Republic-based provider of a AI-driven digital adoption platform (DAP), raised additional $1.6M in equity funding. The round, which brought the funding total amount to $3.5M, included participation from Reflex Capital Lighthouse Ventures, LVRG, and Venture to Future Fund. The company intends to use the funds to expand AI development and […] The post Product Fruits Raises Additional $1.6M in Equity Funding appeared first on FinSMEs.
Financial Times: Moral Money
MAY 29, 2024
Some investors believe direct backing for enterprises is more positive than using a risk-focused fund manager
Private Equity Wire
MAY 30, 2024
The Oklahoma Firefighters Pension & Retirement System has committed $20m to Schroders Capital Private Equity Global Direct IV, according to a report by Pensions & Investments. The commitment to the co-investment fund of funds was confirmed by Troy Brown, managing director at Mariner Institutional, who serves as the fund’s investment consultant.
The Motley Fool
MAY 31, 2024
Artificial Intelligence (AI) is causing a paradigm shift in today's modern technological world. AI technologies are making their presence felt in all walks of life -- be it education, business, investing, or home management. Not surprisingly, artificial intelligence has also become a major investment trend on the stock market, and has captivated the interest of both amateur and seasoned investors.
FinSMEs
MAY 29, 2024
Maven AGI, a Boston, MA-based AI customer support startup, raised $20M in Series A funding. The round was led by M13 and participation from Lux Capital, E14 Fund (part of MIT), and executives from OpenAI, Google, HubSpot, and Stripe. The company, which has raised $28M in total funding to date, intends to use the funds […] The post Maven AGI Raises $20M in Series A Funding appeared first on FinSMEs.
Financial Times: Moral Money
MAY 29, 2024
Investors are increasingly focused on environmental and social issues, but how does impact investing compare with buying ESG funds?
Private Equity Wire
MAY 30, 2024
Dutch firm Waterland Private Equity has launched creative group Further, following the merger of three companies: branding agency DesignStudio; motion design studio Analog; and immersive experience design studio PixelArtworks. All three companies’ founders will remain within the group, with Paul Stafford, founder of DesignStudio, taking on the role of Group CEO.
The Motley Fool
MAY 30, 2024
For the first time in a long while, the United States is serious about increasing domestic semiconductor ("chip") manufacturing. For years, the U.S. has been hyper-reliant on Taiwan for chip production; however, the threat that China will seek to reunify with the island, potentially by force, makes this a massive economic risk. Because of this, the U.S. introduced the CHIPS and Science Act, which provides monetary incentives to companies that increase manufacturing capacity domestically.
FinSMEs
MAY 29, 2024
GaiaNet, a San Francisco, CA-based company advancing an AI infrastructure project that aims to decentralize current AI agent software, raised $10M in Seed funding. Backers included Generative Ventures’s Lex Sokolin, Republic Capital’s Brian Johnson, 7RIDGE’s Shawn Ng, Kishore Bhatia, EVM Capital, Mirana Ventures, Mantle EcoFund and ByteTrade Lab. The company intends to use the funds […] The post GaiaNet Secures $10M in Seed Funding appeared first on FinSMEs.
Financial Times M&A
MAY 27, 2024
US company faces tight shareholder vote on whether its takeover offer for consortium partner Hess will be approved
Private Equity Wire
MAY 31, 2024
Texas-based private equity firm Satori Capital has invested in Automatic Fire Protection, a provider of fire sprinkler and alarm systems in Texas. The company’s services include installation, maintenance and inspections for sprinkler, alarm and extinguisher systems. According to a press statement, AFP maintains the oldest active fire sprinkler license in Texas and employs around 150 employees.
The Motley Fool
MAY 30, 2024
Social Security is a vital source of income for the majority of retirees. About half of households with someone age 65 or older receive at least 50% of their income from Social Security, according to data collected by the Social Security Administration. Six in 10 retirees say the program is a major source of income in the most recent iteration of an annual Gallup poll.
FinSMEs
MAY 29, 2024
Iris.ai, an Oslo, Norway-based provider of an AI engine for scientific text understanding, raised €7.64M in funding. The round was led by Silverline Capital whose contribution is being matched by the European Innovation Council (EIC) Accelerator Fund, the flagship startup grant from the EIC. The company intends to use the funds for its continued growth and […] The post Iris.ai Raises €7.64M in Series A Funding appeared first on FinSMEs.
Financial Times M&A
MAY 28, 2024
World’s biggest miner seeks further negotiations on proposed £39bn deal
Private Equity Wire
MAY 30, 2024
Private investment house Ardian has raised €530m for Ardian Growth Fund III, exceeding its €500m target size and raising more than double than the firm’s previous fund, which closed in 2018 at €230m. Ardian Growth Fund III secured commitments from investors across 12 countries, including from banks and insurance companies, entrepreneurs, pension funds and government agencies.
The Motley Fool
MAY 30, 2024
Successful investors think about the future by focusing on what the new opportunities might be. They also pay attention to threats that could emerge that might impact the stocks they own. Sometimes, those threats come out of the blue, but other times, they're identifiable well in advance. If you own shares of Abbott (NYSE: ABT) or DexCom (NASDAQ: DXCM) , there's a looming threat to know about.
FinSMEs
MAY 30, 2024
Kintsugi AI, a Francisco, CA-based provider of a tax automation platform, raised $6M in Series A funding at a $40M valuation. The round was led by Link Ventures, Venture Highway, KyberKnight, Plug and Play, DeVC and angels investors. The company intends to use the funds to further develop its end-to-end sales tax management solution. Co-founded by Pujun Bhatnagar, Barkin Doganay, and Jeff Gibson, Kintsugi AI […] The post Kintsugi Raises $6M in Series A Funding appeared first on FinSMEs.
Financial Times M&A
MAY 30, 2024
Six-week-long pursuit failed but will leave its mark on the mining industry
Private Equity Wire
MAY 29, 2024
Real assets investment manager Pennybacker Capital Management has held the final closing of its sixth value opportunity series fund, Pennybacker VI, with $1.6bn in total capital commitments. Fund VI focuses on investments in US real estate assets across equity and debt opportunities. Austin, Texas-based Pennybacker has approximately $4bn in AUM and runs real estate and infrastructure investment strategies through closed-end and open-ended vehicles across the capital structure.
The Motley Fool
MAY 30, 2024
One of the most respected milestones a public company can reach is being added to the S&P 500. This stock index acts as an important barometer of the overall market -- and being included in this exclusive club implies that a company is among the best in its industry. Of course, there's no guarantee a company will stay in the index as businesses can experience dramatic ebbs and flows in their results -- thereby impacting trading activity and valuations.
FinSMEs
MAY 30, 2024
Maxa, a Montreal, Canada-based Snowflake Native App for business system and ERP insights automation for the Gen AI era, raised USD21M in Series A funding. The round was led by FRAMEWORK and BDC Capital’s Industrial Innovation Venture Fund. Other investors included Snowflake Ventures, Amiral Ventures and NAventures, the venture arm of National Bank of Canada, […] The post Maxa Raises USD21M in Series A Funding appeared first on FinSMEs.
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