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Mid-market investor Unigestion Private Equity has hit a €1.7bn hard cap final close for its sixth flagship secondaries fund.
The post Unigestion scores big fund size increase with latest secondaries fund through €1.7bn hard cap close appeared first on AltAssets Private Equity News.
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Nordic private equity house Axcel has closed its first dedicated lower-mid-market fundraise on its €459m hard cap.
The post Axcel speeds to ‘efficient' €459m hard cap close for first lower-mid-market vehicle appeared first on AltAssets Private Equity News.
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European deeptech investor Jolt Capital has hit a €600m first close for its fifth flagship fund, putting it more than half way to its €1bn target.
The post Jolt Capital over halfway to Fund V target thanks to €600m first close appeared first on AltAssets Private Equity News.
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Prime Minister Bart De Wever sets out conditions that would resolve his objections to a proposed €140bn EU loan to Kyiv
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Kester, a sector-focused private equity firm, has completed the first and final close of its fourth fund, Kester Capital Fund IV, at its hard cap of £425m. The four-month fundraise was materially oversubscribed, resulting in a single close driven by strong demand from both existing and new institutional investors. Fund IV marks a significant increase […]
The post Kester concludes first and final close of Fund IV at £425m hard cap appeared first on AltAssets Private Equity News.
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Also in this newsletter: UNHCR sources additional EU funding for Sudan crisis
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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Links mentioned in this episode:
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Is Your Retirement Portfolio a Tax Bomb?
Transcript:
David Muhlbaum: You've been told by plenty of people, us included, that saving for retirement is important. You've probably also heard that step one is putting aside salary in a 401(k) plan, if one is available to you, or some other retirement vehicle. But there's a catch. Saving for your retirement is a good thing, but in short, if you keep deferring the taxes, they'll likely bite you in the end. We'll talk to an expert in defusing what's s
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