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Dubai-based Magellan Capital has launched an evergreen asset-backed credit fund with $50m of seed capital, targeting more than $250m in assets under management over the medium term.
The post Magellan Capital launches $250-targeting GCC asset-backed lending fund appeared first on AltAssets Private Equity News.
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Firm caps redemptions as retail investor exodus accelerates across the industry
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The stock's volatile run appeared largely disconnected from company fundamentals and instead reflected a burst of social media enthusiasm.
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Big3's success proves you can find funding, but you can't fake a fandom.
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DayMark Wealth Partners has reached the final close of DayMark Fund I at $25m, completing the vehicle in partnership with Opto Investments. The fund was structured to offer accredited investors and qualified clients with diversified, growth-oriented exposure to private markets through a single vehicle. Capital will be split equally between private equity and venture capital, […]
The post DayMark closes $25m private markets fund with Opto appeared first on AltAssets Private Equity News.
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The British Business Bank has made a £40m cornerstone commitment to FPE Capital's Fund IV to widen access to growth capital for smaller businesses with higher potential across the UK. The commitment comes as the fund completes its first close, surpassing the size of its predecessor. It also strengthens the Bank's relationship with FPE. The […]
The post FPE Capital Fund IV secures £40m BBB commitment appeared first on AltAssets Private Equity News.
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Many of us have taken advantage of Amazon Prime's liberal return policy - in a good way, of course. We buy something online from Amazon, decide it isn't what we were expecting, then start the easy online process of returning the item. Your refund is usually applied to your payment method as soon as it's checked in to the shipper, say a UPS store.
SEE MORE Alternatives to Amazon Prime for Free Shipping and More
Have you ever wondered what happens to many of those returned, open-box items? Enter Amazon Warehouse, home of those returns and a lesser-known perk for everyone else to score a bargain - if you don't mind slightly used items (perhaps that indoor flying home surveillance camera wasn't someone's cup of tea).
Unlike Amazon Outlet with its plethora of overstock new items, Amazon Warehouse items have likely been in someone else's mitts, grubby or no
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Stocks continued their push higher Friday, with today's gains helping the major market indexes snap a three-week losing streak.
SEE MORE 12 REITs Flaunting Fast-Growing Dividends
There was nothing particularly new today to boost investor sentiment. Both the economic and earnings calendars were thin. And early afternoon speeches from Kansas City Fed President Esther George and Fed Governor Christopher Waller echoed the hawkish tone struck by central bank officials in recent weeks. It could just be that Wall Street has come to terms with the fact that the Fed will almost certainly issue a third-straight 75 basis point rate increase at its policy meeting later this month. Or perhaps investors are simply taking advantage of bargains from the late-August selloff.
Whatever the reason, today's rally was broad-based, with all 11 sectors finishing higher. Leading the pack was communication services, which jumped 2.8% on strong gains for components Meta Platforms (META, 4.4%) and Netflix (NFLX, 2.7%). Energy ( 2.5%) also outperformed as U.S. crude futures bounced 3.9% to $86.79 per barrel.
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As for the major indexes, the Nasdaq Composite's 2.1% rally to 12,112 outpaced its peers. Still, the S&P 500 Index ( 1.5% to 4,067) and the
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 Investors pulled out of most asset classes, with stocks and bond funds seeing a combined $36 billion of outflows in the week to Wednesday, BofA said, amid fears of economic damage from the ...
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