alternativeinvestment
India’s National Company Law Tribunal (NCLT), a quasi-judicial authority that deals with corporate disputes, on Tuesday admitted the beleaguered education technology startup Byju’s parent Think and Learn for insolvency resolution in response to a plea filed by the country’s national governing body of cricket- the Board of Control for Cricket in India (BCCI). This comes as a significant development for the future of Byjus- once India’s most valuable startup (it was valued at $22 billion in 2022) backed by marquee investors like Sequoia Capital, Tiger Global Management, Silver Lake and Mark Zuck...
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Private equity firm Bain Capital is set to acquire Envestnet in a $4.5 billion deal, supported by major investors like BlackRock and Fidelity Investments. This transaction is poised to significantly impact the financial software and wealth management sectors, making it one of the most notable private equity moves of the year. Envestnet’s client base and market presenceEnvestnet, based in Berwyn, Pennsylvania, is a leading provider of software for wealth managers and data services for financial institutions and investment research firms. The company serves a diverse and extensive client base, i...
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Dutch investment group Prosus is set to lead a $100 million funding round for BlueStone, an omni-channel jewelry startup. This round is expected to value BlueStone at approximately $960 million, more than doubling its valuation from $440 million in September 2023. The funding round will include both primary and secondary share sales. Around $60 million of the total will be a primary capital raise, which BlueStone plans to reinvest into its business operations. The remaining funds will come from secondary share sales, allowing early investors to exit. Venture capital firms such as Peak XV Partn...
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The tanking of Warner Bros Discovery’s share price, and uncertainty about the company’s future, has at least led to good news and opportunity for one party. Warner Bros Discovery share price crashed to an all-time low, read our analysis: WBD could tank to $5 soon Liberty Global gains controlling interest in Formula EYesterday, broadband and telecommunications company Liberty Global Ltd. announced that it will acquire shares held by Warner Bros. Discovery in the electric car racing series Formula E. The acquisition of shares held by Warner Bros. Discovery will, on completion, bring Liberty Glob...
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In May, shares of KKR (NYSE: KKR) increased by 10.5%, driven by the company’s first-quarter results and several strategic partnerships. According to S&P Global Market Intelligence, KKR reported notable financial performance and expanded its investment footprint through various collaborations. KKR’s first-quarter earnings report reveals significant growthKKR reported strong first-quarter results in early May, highlighting over 20% growth in fee-related earnings, total operating earnings, and adjusted net income. The private equity firm also increased its assets under management (AUM) by 13%, re...
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The State of Wisconsin’s Investment Board (SWIB) created in 1951 has invested over $160 million in BlackRock’s spot Bitcoin ETF IBIT and Grayscale’s GBTC. The investment marks a move by the US state to adopt the asset alongside other investment vehicles for public pensions and trust funds. A key piece of crypto legislation will soon be put to vote in the Congress, The Financial Innovation and Technology for the 21st Century Act (FIT21). US State of Wisconsin bullish on Bitcoin?The US State of Wisconsin is likely bullish on Bitcoin as the investment board declares an investment of $99 million i...
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GameStop trader Keith Gill made a return to social media, inspiring a rally in crypto meme coins and “Roaring Kitty” inspired Solana-based meme, ROAR. Data from CoinGecko shows that the return of the investor who spearheaded 2021’s GameStop rally has fueled gains in dog and cat memes and Solana-based meme coins. ROAR posts 3,100% gains as Roaring Kitty returns The euphoria of US stock traders spread to crypto, a meme coin inspired by the legendary trader “Roaring Kitty” has added 3,100% to its value on Monday, as seen on CoinGecko. Gill’s social media post that shows a man leaning forward in h...
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Meme coins are typically considered more speculative than other altcoins. In the ongoing cycle, meme coins on the Solana and Base chain, top assets by market capitalization like Dogecoin (DOGE), Shiba Inu (SHIB) have yielded massive gains for holders. Colin Wu, Chinese journalist recently reported that 138 meme coins were registered on Coinmarketcap in April 2024, against 18 in April 2023. The meme coin narrative is 4.6 times more profitable than the next best performing crypto narrative Q1 of 2024, supporting the thesis that meme coins are the secret sauce of traders in the ongoing cycle. Why...
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