Sat.May 18, 2024 - Fri.May 24, 2024

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Can Rivian Automotive Double in 5 Years? Here's What It Would Take.

The Motley Fool

Rivian Automotive (NASDAQ: RIVN) was one of the market's hottest stocks when it went public in November of 2021. Its stock more than doubled from its initial public offering (IPO) of $78 to its all-time high of $172.01 just a week later. At the time, investors were impressed by its production rates and its firm support from Amazon and Ford Motor. But as of this writing, Rivian's stock trades at about $10.

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Superpower Raises $4M Pre-Seed Funding

FinSMEs

Superpower, a San Francisco, CA-based provider of a healthcare platform, raised $4M in Pre-Seed funding. The round was led by Susa Ventures with participation from Long Journey Ventures, Family Fund, Atman VC, 24 Carrot VC, Focalpoint Partners, Seaside Ventures and angel investors Cameron and Tyler Winklevoss, Balaji Srinivasan, Scott and Cyan Banister, and Evan Charles […] The post Superpower Raises $4M Pre-Seed Funding appeared first on FinSMEs.

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4 Economic Charts That Might Surprise You

A Wealth of Common Sense

Four charts about the economy you might find surprising: 1. Wages are cumulative too. The Congressional Budget Office released new research comparing inflation on a basket of goods and services households at different income levels consume between now and 2019 along with changes in wages. Here’s the chart: And the explanation: For households in every quintile (or fifth) of the income distribution, the share of inc.

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Help your downsizing clients create their legacy

Investment Writing

Many investment and financial advisors have older clients who struggle with decluttering as they prepare to downsize. I picked up some useful ideas from a session presented by Matt Paxton, the host of the PBS program Legacy List and the author of a book that had the same title as his presentation, Keep the Memories, Lose the Stuff: Declutter, Downsize, and Move Forward with Your Life.

Investing 105
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A Must-Own Stock for Any Portfolio

The Motley Fool

When it comes to investing, I often look for companies that generate strong amounts of free cash flow (FCF), and companies that can grow their FCF. One company that has proven that over the years is AbbVie (NYSE: ABBV). I often refer to it as The Investor's Trifecta, offering growth potential, high yield, and solid dividend growth. Check out this short video to learn more, consider subscribing to the channel, and check out the special offer in the link below.

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LabGenius Raises £35M in Series B Funding

FinSMEs

LabGenius, a London, UK-based drug discovery company, raised £35M in Series B funding. The round was led by M Ventures (the strategic, corporate venture capital arm of science and technology company Merck), with participation from additional new investors Octopus Ventures and LG Corp, together with existing investors including Atomico, Kindred Capital, Lux Capital and Obvious […] The post LabGenius Raises £35M in Series B Funding appeared first on FinSMEs.

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Eir Partners Capital closes Eir Partners Investment Program II at $496m 

Private Equity Wire

Miami-based private equity firm Eir Partners Capital has closed its Eir Partners Investment Program II with $496m in capital commitments, having closed its predecessor, Eir Partners Program I, at $255m in 2021. The fund secured commitments from financial institutions, insurance companies, family offices, funds-of-funds, endowments and foundations, according to a press release.

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Here Are All 44 Stocks Warren Buffett Holds for Berkshire Hathaway's $378 Billion Portfolio

The Motley Fool

In case you missed it, what's arguably the most important data release of the second quarter occurred last week -- and I'm not talking about the monthly inflation report from the Bureau of Labor Statistics. May 15 marked the deadline for institutional money managers and wealthy investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission (SEC).

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H Raises $220M in Seed Funding

FinSMEs

H, a Paris, France-based global foundation model and agentic AI company, raised $220M in Seed funding. Backers included Accel, UiPath Inc., Bpifrance, through its Large Venture fund, Eric Schmidt, Xavier Niel, Amazon, FirstMark, Elaia Partners, Eurazeo, Yuri Milner, Bernard Arnault’s Aglaé Ventures, Creandum, Motier Ventures, Samsung, and Visionaries Club among others.

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When you’re out of the office, are you really away?

Million Dollar Round Table (MDRT)

By Matt Pais, MDRT Content Specialist On a recent vacation, Angelia Z. Shay, CLU, ChFC , noticed her two travel mates doing something that was entirely contrary to the purpose of the trip: They were working. “We were supposed to have gone to have time away; the two other girls were constantly in their email and on their phone,” the 24-year MDRT member from Ashland, Virginia, said.

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JPMorgan identifies private credit as “crucial expanding area”

Private Equity Wire

Private credit is a “crucial expanding area” within commercial and investment banking, according to a report by Alternative Credit Investor quoting Troy Rohrbaugh, co-chief executive of commercial and investment banking at JPMorgan Chase. At JPMorgan’s investor day in New York on Monday, Rohrbaugh said: “Private credit is a very important growing space and we believe we have an advanced strategy across the entire commercial and investment bank.

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Retiring In Another State? Don't Forget to Plan for These 3 Things

The Motley Fool

Relocating in retirement can bring you closer to family, hobbies, and better weather. But it's not always kind to your wallet. To maintain your financial security after leaving the workforce, you need to understand how your move will affect your budget and your tax bill. Here are three of the most important financial factors to keep in mind if you plan to move to another state in retirement. 1.

Taxes 245
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Expressable Raises $26M in Series B Funding

FinSMEs

Expressable, an Austin, TX-based company which specializes in research-based, family-centered speech therapy care, raised $26M in Series B funding. The round was led by HarbourVest Partners, with participation from Digitalis Ventures and existing investors F-Prime Capital and Lerer Hippeau. The company intends to use the funds to accelerate its market position and growing partnerships with […] The post Expressable Raises $26M in Series B Funding appeared first on FinSMEs.

Funds 109
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ETF Partners powers to €285m for oversubscribed sophomore sustainable VC fund

AltAssets

Sustainability-focused European VC investor ETF Partners has raised €285m for its oversubscribed fourth fund. The post ETF Partners powers to €285m for oversubscribed sophomore sustainable VC fund first appeared on AltAssets Private Equity News.

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Majority of PE firms see technology as a value-creation lever

Private Equity Wire

The overwhelming majority (96%) of private equity firms believe that technology is a “value-creation lever” and can add value throughout the investment lifecycle, although the industry remains overly reliant on manual systems and processes, according to a new survey from investor services group IQ-EQ. Some 93% of respondents ranked technology transformation as one of their top three business priorities over the coming 12 to 24 months.

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Can Artificial Intelligence (AI) Really Help Make You a Millionaire Before Retirement?

The Motley Fool

Reality often doesn't live up to the hype with new technologies. For example, 3D printing hasn't been the game-changer many expected. However, artificial intelligence (AI) just might be an exception. AI is already transforming multiple areas, including the world of investment planning. New AI models can digest every book and article about investing and money management.

Debt 245
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Nanopath Receives $4M in Grants

FinSMEs

Nanopath Inc., a Cambridge, Mass.-based point-of-care diagnostics company enabling high-quality molecular testing in minutes, received $4m in federal funding. The company was awarded: Both grants were awarded through the Small Business Innovation Research (SBIR) Program, a competitive program designed to stimulate technological innovations developed by small businesses.

Funds 108
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Healthtech investor Eir Partners almost doubles Fund I total with rapid sophomore raise

AltAssets

Mid-market healthcare and tech investor Eir Partners has picked up almost $500m for its seocnd fundraise, almost double the total it raised for its debut fund. The post Healthtech investor Eir Partners almost doubles Fund I total with rapid sophomore raise first appeared on AltAssets Private Equity News.

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Oddo BHF closes second PE secondaries fund at €715m

Private Equity Wire

Oddo BHF Asset Management’s private assets team has held the final close of the second vintage of its private equity secondaries strategy with €715m in total capital commitments exceeding its original €500m target, according to a report by Citywire. The new fund, which is the largest PE vehicle raised by the private assists team, attracted support from existing and new investors, both individual and institutional.

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Should You Buy Disney Stock if It Breaks Below $100?

The Motley Fool

It's been more than three months since shares of Walt Disney (NYSE: DIS) closed in the double digits. "Can Disney stock stay above $100 this time?" I wondered then. So far, so buoyant, but with the media giant's shares drifting back to the century mark, it's a matter worth revisiting. If Disney buckles below $100 again, is it a buying opportunity or a red flag?

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Johnson & Johnson to Acquire Proteologix

FinSMEs

Johnson & Johnson (NYSE: JNJ) entered into a definitive agreement to acquire Proteologix, Inc., a Redwood City, California-based biotechnology company focused on bispecific antibodies for immune-mediated diseases, for $850M in cash, with potential for an additional milestone payment. The transaction is expected to close mid-year 2024, subject to antitrust clearance and other customary closing conditions. […] The post Johnson & Johnson to Acquire Proteologix appeared first on FinSM

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Ohio pension picks HIG, Nautic funds among $520m of new commitments

AltAssets

HIG Capital's new flagship fund was among the latest slate of alternatives commitments from the Ohio State Teachers Retirement System. The post Ohio pension picks HIG, Nautic funds among $520m of new commitments first appeared on AltAssets Private Equity News.

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VC crypto investment on the up after long decline

Private Equity Wire

After a long decline in investment covering seven consecutive quarters, global venture capital investment in crypto companies is on the up again, rising to $2.4bn in the first three months of 2024, according to new data from PitchBook. A Reuters report cites new data from PitchBook in revealing that crypto venture capital flows peaked at $11.1bn in Q1 2022, before going into a long decline, on the back of a series of bankruptcies at major crypto firms during the year, with just $1.7bn invested i

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2 Cryptocurrencies to Buy in May 2024

The Motley Fool

With new signs that a crypto bull market has arrived, it could be time to look for new coins to add to your portfolio. Of course, the most promising crypto investments are those with new catalysts in place that can help them soar in value throughout 2024. With that in mind, there are two cryptocurrency coins on my radar right now: Bitcoin (CRYPTO: BTC) and Fetch.ai (CRYPTO: FET).

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QA.tech Raises Additional €3M in Seed Funding

FinSMEs

QA.tech, a Stockholm, Sweden-based company that develops an AI-based testing tool for applications and SaaS services, raised additional €3M in Seed funding. The round was led by PROfounders, with participation from Curiosity, byFounders, and angel investors Mads Johnsen, Jon Åslund, Robert Lagerström, Sven Perkmann, and Jens Saltin. The company intends to use the funds to […] The post QA.tech Raises Additional €3M in Seed Funding appeared first on FinSMEs.

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Middle East renewables investor Alcazar Energy collects $490m for sophomore fundraise

AltAssets

Sustainable infrastructure investor Alcazar Energy has raised $490m for the final close of its second fund targeting clean energy projects in emerging markets. The post Middle East renewables investor Alcazar Energy collects $490m for sophomore fundraise first appeared on AltAssets Private Equity News.

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Inter Milan facing Oaktree debt deadline

Private Equity Wire

China’s Suning Holdings could be on the verge of losing control of Italian Serie A giants FC Internazionale Milan with the deadline to repay close to €400m in debt to Oaktree Capital Management looming large, according to a report by Bloomberg. The debt is due for repayment on 20 May but payment could be made as late as Tuesday 21 May, following Monday’s bank holiday in Luxembourg, where Suning’s holding companies — which took out the debt — are based.

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3 Reasons to Buy Nvidia Stock Right Now (and 1 Reason to Sell)

The Motley Fool

If you want to bet on generative artificial intelligence (AI), there is still no better pick than Nvidia (NASDAQ: NVDA). The company dominates the market for cutting-edge AI data center chips. And unsurprisingly, shares have risen by a whopping 206% over the last 12 months alone. But can the bull run continue? Let's look at three reasons to continue buying Nvidia stock and one reason why it might be time to sell. 1.

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Teal Raises $8M in Seed Funding

FinSMEs

Teal, a NYC-based startup specializing in accounting infrastructure for Vertical SaaS businesses, raised $8M in Seed funding. The round was led by Torch Capital with participation from Basis Set Ventures, General Advance, Dash Fund, and angel investors including executives at Service Titan, Plaid, Brex, Unit, and Gusto. The company intends to us the funds to […] The post Teal Raises $8M in Seed Funding appeared first on FinSMEs.

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NextEnergy Capital clears £500m solar fund target, eyes £1bn hard cap

AltAssets

Solar-focused renewables manager NextEnergy Capital has beaten its target for its latest UK-focused fund, reaching £625m. The post NextEnergy Capital clears £500m solar fund target, eyes £1bn hard cap first appeared on AltAssets Private Equity News.

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Silverfleet sells OneStock stake

Private Equity Wire

Pan-European private equity firm Silverfleet Capital will sell its minority stake in OneStock, a European order management system SaaS provider, to private investment firm Summit Partners. Financial details of the transaction, which is expected to close during May 2024 subject to certain regulatory approvals, have not been disclosed. OneStock is headquartered in Toulouse, France and operates offices in London, Paris and Milan.

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Beyond Nvidia: 3 Under-the-Radar Stocks to Cash In on the AI Boom

The Motley Fool

Nvidia has become a darling in the investment community over the past few years. The semiconductor company has developed the chips driving the current boom in artificial intelligence (AI). That has driven the company's profits and stock price skyward. However, Nvidia isn't the only beneficiary of the AI boom. Many companies that either are capitalizing on the megatrend or will do so are currently hovering under the radar of many investors.

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Overland AI Raises $10M in Seed Funding

FinSMEs

Overland AI, a Seattle, WA-based company which specializes in off-road ground vehicle autonomy for the defense sector, raised $10M in Seed funding. The round was led by Point72 Ventures with participation from Shasta Ventures, Ascend VC, Pioneer Square Labs, Voyager Capital, and Cubit Capital. The company intends to use the funds to expand operations and development […] The post Overland AI Raises $10M in Seed Funding appeared first on FinSMEs.

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PE veteran Peterson Partners picks up $265m for biggest fund yet

AltAssets

Veteran private equity investor Peterson Partners has closed its tenth flagship fund on $265m, a new record for the firm. The post PE veteran Peterson Partners picks up $265m for biggest fund yet first appeared on AltAssets Private Equity News.

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