Sat.May 25, 2024 - Fri.May 31, 2024

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Goldman Sachs raises over $20bn for latest direct lending pool

Private Equity Wire

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.

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The Social Security COLA Forecast for 2025 Was Just Updated. Here's the Good News and Bad News for Retirees

The Motley Fool

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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Stock Market & Home Ownership Rates

A Wealth of Common Sense

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.

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Exactly.ai Raises $4.3M in Seed Funding

FinSMEs

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.

Funds 117
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Impact investing vs ESG: which produces the better results?

Financial Times: Moral Money

Some investors believe direct backing for enterprises is more positive than using a risk-focused fund manager

Investing 129
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The Zero Down Mortgage Is Back -- But Is It a Financial Mistake?

The Motley Fool

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.

Banks 246

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Valar Labs Raises $22M in Series A Funding

FinSMEs

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.

Funds 116
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Brookfield enters deal to purchase stake in French renewables firm Neoen

AltAssets

Canadian asset manager Brookfield has entered into discussions to purchase a majority stake in Neoen, a French renewables power producer. According to Reuters, Brookfield alongside its Renewable Partners arm and Temasek Holdings are seeking to purchase a majority stake in Neoen – valuing it at $6.6bn. Brookfield has highlighted its plan to snap up a […] The post Brookfield enters deal to purchase stake in French renewables firm Neoen first appeared on AltAssets Private Equity News.

Stakes 98
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Here's How Much the Average Retiree Has in Their Retirement Accounts

The Motley Fool

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.

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Blackstone Real Estate Sells Turtle Bay Resort

Blackstone News

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

Legal 98
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Authentic Raises $11M in Series A Funding

FinSMEs

Authentic, a NYC-based insurtech startup making it easier for SaaS platforms and franchisors to offer affordable captive insurance policies to their SMB customers, raised $11M in Series A funding. The round was led by FirstMark Capital with participation from Slow Ventures, Altai Ventures, MGV, Upper90, and Commerce Ventures. The company intends to use the funds […] The post Authentic Raises $11M in Series A Funding appeared first on FinSMEs.

Funds 118
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Chinese global fund launches hit record high amid yuan slump

AltAssets

Global fund launches in China have risen to a record high, amid economic decline across the nation. Reuters reports that the decline is driven by a weakening yuan and a fragile economy, which has increased the demand for foreign assets. This trend is the latest indication of low confidence among domestic investors. The yuan has […] The post Chinese global fund launches hit record high amid yuan slump first appeared on AltAssets Private Equity News.

Funds 97
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Generative AI Software Sales Could Soar 6,260% by 2032. 1 Unstoppable Artificial Intelligence (AI) Stock to Buy Before It Does (Hint: Not Nvidia)

The Motley Fool

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.

Stakes 246
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Oakley invests in life sciences regulatory and compliance specialist ProductLife Group

Private Equity Wire

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

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Product Fruits Raises Additional $1.6M in Equity Funding

FinSMEs

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.

Funds 117
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Goldman Sachs Alternatives closes fifth large-cap senior direct lending fund

AltAssets

Goldman Sachs Alternatives has closed the fifth large-cap senior direct lending fund, hitting a $13.1bn final close. The post Goldman Sachs Alternatives closes fifth large-cap senior direct lending fund first appeared on AltAssets Private Equity News.

Funds 97
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A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Growth Stock to Buy Now and Hold

The Motley Fool

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.

Investing 246
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Pennybacker closes Fund VI above target at $1.6bn

Private Equity Wire

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.

Funds 97
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Maven AGI Raises $20M in Series A Funding

FinSMEs

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.

Funds 116
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Fengate Asset Management continues US LP expansion with ex-BlackRock IR hire

AltAssets

Canada-headquartered private equity and alternatives investor Fengate Asset Management has brought in Luke Henderson to expand out its capital raising power in the US. The post Fengate Asset Management continues US LP expansion with ex-BlackRock IR hire first appeared on AltAssets Private Equity News.

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Meet the 3 Largest Holdings in Harvard University's Portfolio (Hint: Nvidia Isn't 1 of Them!)

The Motley Fool

When it comes to college prestige, Ivy League schools often sit at or near the top of the pecking order. In exchange for a small fortune -- as of the 2022-2023 academic year, annual tuition and fees were in the neighborhood of $60,000 for Ivy League schools -- applicants are promised a top-notch education and the chance to land a well-paying job upon graduation.

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Oklahoma Firefighters pension commits $20m to Schroders PE fund 

Private Equity Wire

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.

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GaiaNet Secures $10M in Seed Funding

FinSMEs

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.

Funds 116
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Deal Roundup: Spire invests in WatchMeGrow, Denim receives backing, KKR acquisition

AltAssets

Spire Capital Partners has announced a partnership and strategic growth investment in WatchMeGrow. WMG is a leading SaaS technology company providing security, compliance, business intelligence, analytics and secure video software to education, student enrichment, pet care and other enterprise sectors. “We are excited to partner with Spire Capital in our next chapter of growth,” said John Lewison, CEO […] The post Deal Roundup: Spire invests in WatchMeGrow, Denim receives backi

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U.S. Chip Manufacturing Could Triple in Less Than a Decade: 3 Artificial Intelligence (AI) Stocks Set to Benefit

The Motley Fool

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.

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Permira-owned Golden Goose to raise €100m in Milan listing

Private Equity Wire

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.

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Iris.ai Raises €7.64M in Series A Funding

FinSMEs

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.

Funds 116
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European VC firm Rialto comes out of stealth with $100m-targeting debut fundraise

AltAssets

Rialto, a European venture capital firm formed by a pair of tech industry veterans, has emerged from stealth to announce a $100m-targeting debut fundraise. The post European VC firm Rialto comes out of stealth with $100m-targeting debut fundraise first appeared on AltAssets Private Equity News.

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3 Reasons Retirees Could Be Surprised by the Most Recent 2025 Social Security Cost-of-Living Adjustment (COLA) Forecast

The Motley Fool

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.

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Waterland-backed creative group Further launches from merger 

Private Equity Wire

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.

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Kintsugi Raises $6M in Series A Funding

FinSMEs

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.

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Harnessing the new era of private credit secondaries

AltAssets

Private credit secondaries are experiencing a boom reminiscent of the rise in buyout secondaries in the wake of the 2008 financial crash. Ted Craig, investment funds and private capital partner at law firm Paul Hastings, explores the lessons credit secondaries can learn from its PE predecessor, and discusses the growth of the asset class in the current macroeconomic environment.

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Should Abbott and DexCom Investors Be Worried About Vertex Pharmaceuticals?

The Motley Fool

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.

Investors 246
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IK Partners to invest in BIOBank

Private Equity Wire

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