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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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VTG, a leading provider of national security solutions, has announced the acquisition of Miklos Systems. Founded in 1993, MSI has built a strong reputation for delivering full software lifecycle development, cloud services, cybersecurity, data science, and systems engineering to mission-critical programs across the Intelligence Community (IC). H.I.G. Capital, a leading global alternative investment firm with […]
The post Deal Roundup: VTG acquiries Miklos Systems, H.I.G Capital set to sell Project Informatica appeared first on AltAssets Private Equity News.
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A Major Moment for the British Economy: What to Watch in the U.K. Budget The New York TimesBudget 2025 live updates: Rachel Reeves to outline tax and spending changes BBCAutumn Budget 2025: The UK prepares for 'smorgasbord' of tax hikes CNBCLabour's budget will probably focus on short-term survival The Economist
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Asian Stocks Set to Extend Gains on Fed Cut Hopes: Markets Wrap Bloomberg.comStock market today: Dow, S&P 500, Nasdaq rally for 3rd day as Fed rate cut hopes grow, Apple and Alphabet notch records Yahoo FinanceSuddenly, the Fed interest rate cut in December looks like it is very much back on the table FortuneStocks climb on hopes for lower interest rates as Dow rallies 660 points AP News
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Kevin Hassett, a top White House economic adviser , is said to become the front-runner to lead the Federal Reserve, raising questions about its independence.
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HIG Capital has agreed to sell Italian IT operator Project Informatica to EMK Capital. The company completed seven acquisitions during HIG's ownership and quadrupled its revenues, the firm said.
The post Deal Roundup: HIG Capital sells Project Informatica to EMK Capital, Truelink sells Koch Filter in $450m deal appeared first on AltAssets Private Equity News.
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New limits for rent algorithm that prosecutors say let landlords drive up prices NPRNew limits for a rent algorithm that prosecutors say let landlords drive up prices ABC NewsGiant landlord settles with California for colluding on rents in L.A. and elsewhere Los Angeles TimesRealPage Agrees to Settle Federal Rent-Collusion Case The New York Times
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New survey data shows 87 percent of small business owners think holiday season sales will top 2024 — and fuel revenue grow next year.
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West Virginia Sen. Jim Justice agrees to pay nearly $5.2 million in overdue personal taxes CBS NewsSenator Agrees to Pay Over $5 Million in Back Taxes to I.R.S. The New York TimesSen. Jim Justice, wife to pay $5 million in back taxes to settle IRS suit The Washington PostSen. Jim Justice and his wife sued for, agree to pay $5 million in unpaid taxes from 2009
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Sullivan Street Partners has sold UK civil engineering and and electrification transport infrastructure specialist Octavius Infrastructure to RSK Group.
The post Deal Roundup: Sullivan Street sells Octavius Infra to RSK, Accession Capital Partners backs Agrova appeared first on AltAssets Private Equity News.
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Brookfield has agreed to buy the 26% stake in Oaktree Capital it does not already own in a roughly $3bn deal.
The post Deal Roundup: Brookfield to take full control of Oaktree through $3bn stake buy, Sentinel sells NSI HVAC arm for $550m appeared first on AltAssets Private Equity News.
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Is it true that many young professionals don't know how to save money?
I recently had dinner with an old college friend. I was expecting to catch up on friends, family and our careers, but it was clear he wanted some basic financial information.
Knowing I advise young professionals on their finances, he zeroed in on the following questions: "How much should I save, and how do I know if my savings plan is on track?"
SEE MORE Millennials Want a Different Kind of Retirement
Many highly talented and bright young individuals - often earning six figures, receiving an annual bonus and holding stock options - often struggle with how to spend and save their money. My advice is to develop a process that focuses on three fundamental ideas that anyone can use.
Control Savings and Spending by Paying Yourself First
Putting together a budget and tracking spending are useful tools - but they can be tedious and hard to sustain. Instead of starting with expenses, I begin by allocating the desired amounts of money to various savings and investment accounts.
I set up automated contributions to my 401(k) retirement account, Roth Individual Retirement Account (IRA) and after-tax brokerage accounts. Once that money is set aside, I have total peace of mind knowing I can afford to spend what's left and still be on track to hit my financial goals.
If, like me, you make the majority of day-to-day purchases on your credit card, another easy way to spot-check spending is making sure you can pay your credit card bill in full each month without tapping your savings.
Don't get me wrong - developing a detailed budget is a valuable exercise when done periodically. And it's parti
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