Andrew Bogle

What's the fast river in alts? Listen to the latest Alt Goes Mainstream podcast with Mercer's Gregg Sommer & CAIS' Neil Blundell to hear how they are helping advisors approach private markets. Gregg, Neil, and I had a fascinating discussion about how the wealth channel can approach alternatives and how they can think about both diligence and customization. We covered: * The case for alternatives. * How advisors currently approach alternatives and how they can think about it differently going forward. * How to think about portfolio construction that includes alternatives. * How alts can help advisors differentiate their practice and attract clients. * Following the fast river in a career and why alternatives are “the fast river.” * The meaning of “structure over strategy.” * The rise in popularity of evergreen funds. Thanks Gregg and Neil for sharing your thoughts and expertise on private markets. Thanks to our sponsor, Ultimus Fund Solutions, for making this episode possible. https://lnkd.in/eBtyw6Fm

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WHOLE BUSINESS SECURITIZATION (WBS) - A POCKET OF FINANCING OPPORTUNITIES This week, Blackstone agreed to buy a majority stake in Jersey Mike’s and plans to finance the deal by expanding the existing whole-business securitization. What does this mean? Why are we suddenly hearing more and more about WBSs? Unlike traditional financing, WBS structures require creating new corporate structures that hold operational assets, IP, franchise agreements, or other value assets where debt is lent directly against those assets. Once those assets are in the new corporate structure, the legal documents “ring-fence” the assets in a credit box so only the WBS debt has a secured claim against those assets. Why would a company do this? Three key reasons:  1) Lower cost of capital: coupons are typically only a couple of points above SOFR 2) Longer maturities: even 50 years which is rare for corporate debt 3) Less covenants: WBS structure can lead to significant yearly dividends, asset improvement, reinvestments, and more, as long as specific ratios are covered and the operational assets maintain their value. What do creditors get in return? The underlying assets are not just collateral, they have been moved into a separate entity which gives them much greater protection. A fascinating and upcoming financing trend, let's go into more detail in the full writeup. https://lnkd.in/e2HTR3VN

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The Information broke news that Insight Partners has just secured $10B in funding for their latest flagship fund. This is perfectly timed given their multiple $1B+ companies sold over the past week. This is a clear sight that #limitedpartners still have in their #privateallocations even during the current slow markets for #IPOs and #M&A. This would also appear to be good news for #AIfinancing and #SaaSFinancing. What do you think? #Management #VentureCapital #PrivateEquity #CapitalMarkets https://lnkd.in/gXu_s8Qj

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Check out the Elevate Ventures opportunities in the comments!

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Looking for insights, strategies, and stories from the world of private equity? Check out NU Advisory Partners' curated roundup of some of the best PE podcasts available today (including the Private Equity Value Creation podcast!) Learn about shows that are delivering expert insights into PE trends and strategies, diverse perspectives from industry leaders, and the resources to stay ahead in the fast-paced world of private equity. Explore the full list here: https://lnkd.in/eidRH_-m #PrivateEquity #Podcasts #BusinessGrowth #Leadership

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📢 Last Call to Register for Tomorrow's Richi Entrepreneurs' Boston Talk! Participate in an engaging discussion led by Samuel Shafner on preparing for your first venture capital round. He'll be joined by industry experts Scott Rocklage from 5AM Ventures and Dana Watt, PhD, from Breakout Ventures, who will share their experiences and insights on what VCs are looking for in promising startups. 🗓️ Date: Thursday, June 20th 🕙 Time: 10 AM EST Don't miss this opportunity to gain valuable insights and tips. Register now and tune in for another great talk! 👉 https://lnkd.in/evncUpca #VentureCapital #Entrepreneurship #RichiEntrepreneurs #BostonTalks

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May is when many private companies finalize mid-year comp plans 💵 Need a reliable 409A valuation? Or has it been over a year since your last? We've got you covered! Scalar's 409A valuations keep you compliant, protect employees from tax penalties, and come with a team that supports you all the way through an audit. https://lnkd.in/gs_CtPNS

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🚀 Spotlight on Venture Capital: Q3 2024 Update Houlihan Capital’s latest Q3 2024 Venture Capital Update is here! This report offers a deep dive into the latest trends and data shaping the VC landscape. 📈 Highlights include: ✅ Key industry performance metrics ✅ Sector-specific investment trends ✅ Shifts in funding strategies ✅ Insights on the evolving startup ecosystem Stay ahead of the curve with actionable insights from our expert analysis. 👉 Read the full report here: https://lnkd.in/g9dyaDfT #HoulihanCapital #VentureCapital #VC #IndustryReports #FreeVCIndustryReport #VCMarketUpdate #VCInsights #Valuation #ValuationProvider #VCValuationProvder #IndpendentValuation #FundValuation

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Advice from a CFO who’s crushed 4 private equity deals: In our recent Thrive community Q&A, Robert (Bob) Gold shared a simple but critical insight: "The skillsets are just so different... You need to laser focus on inbound and outbound cash and be very adept at liquidity management." Why? Because in private equity, managing cash flow and liquidity is even more important than having experience with exits. Here are the 3 biggest lessons Bob shared for CFOs looking to excel in PE: 1️⃣ Cash Flow is King: It's not just about budgeting—it’s about knowing exactly where every dollar is coming from and going. 2️⃣ Liquidity Drives Decisions: Ensuring your business has the cash it needs to stay agile and invest in growth is non-negotiable. 3️⃣ Working Capital is a Game-Changer: Managing payables, receivables, and inventory effectively can be the difference between success and failure in PE. For aspiring CFOs in private equity, this advice is Gold (pun intended 😅 ). Focus on these fundamentals, and you’ll be set up for success. 💡 Want more insights like this? Join our newsletter for exclusive tips, strategies, and advice from top private equity leaders. Don’t miss out—stay ahead in your career! 👉 https://lnkd.in/eMkPX8kr 

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The Silver Tsunami is upon us, and it's reshaping the mergers and acquisitions landscape like never before. With an estimated $10 trillion in assets set to change hands over the next decade, driven by baby boomers retiring, the opportunity for savvy investors and entrepreneurs is immense. Currently, around 30,000 businesses sell annually, but with more than 8 million baby boomer-owned businesses expected to transition, the volume of transactions could increase tenfold. This is a monumental shift that smart buyers are already preparing for. You don't need to be a Wall Street titan to benefit from this trend; many of these businesses will transition to local entrepreneurs and small business owners. Are you ready to seize a piece of this $10 trillion wealth transfer? Position yourself strategically to take advantage of this unprecedented wave of opportunities. Engage with fellow professionals and explore how you can be part of this transformation. Not sure how? Let's talk about it! #SilverTsunami #MergersAndAcquisitions #BusinessOpportunities

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700 billion in revs 🤑 Extremely positive start to launching our updated M&A/Investment reporting service last week. No matter how many times I've put something new into the business world, there is always that little awkward feeling you've misunderstood the market need, however, it seems, this time that's not the case. We've had very positive feedback from five companies in two days, (not previous clients) with combined revs of ~700 billion... These are very tough businesses to get in front at the best of times and exactly the type of businesses we knew this would resonate with. I'm a big believer that even with all the noise, if you keep adding value to a market eventually it cuts through. We've done it before, we doing it now... and we will do it again! The updated package gives M&A and Investment teams a real head start in building a strategy, especially where they may be looking at new verticles or geographies. More info linked below if you want to explore...

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Series A or B wondering when to bring in a VP of Finance or CFO? It’s a crucial decision that can shape the future of your company. At this stage, financial leadership is not just about managing numbers but also scaling processes, securing funding, and driving strategic growth. My colleague Paul breaks down key signs that it’s time to hire and indicators for choosing between VP of Finance and a CFO #FinanceLeadership #CFO #StartupGrowth #SeriesA #SeriesB #NextGenLeadership

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💰 Founders, are you wasting time and resources pitching to the wrong investors? 💰 In this podcast excerpt, David Forsberg, CFA from Ascent Energy Ventures shares a crucial piece of advice: Make sure your startup is truly venture-backable before you start seeking funding. 🎯 I've advised hundreds of startups that have raised billions in VC and venture debt funding, and I've seen firsthand the pressures founders face when growing their companies. 🌱 Listen to the full podcast for more game-changing insights. Link in the original Kruze Consulting post. 🎧 #startups #venturecapital #funding #entrepreneurship

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Thanks, Axial, for your findings. I'd rank the Management Team high in the business description. As investors, we are buying their core competencies, track record, market position, and strategic fit. #privateequity #buyout #independentsponsor #growthequity #food #beverage #CPG #healthwellness

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It has been a crazy news week for M&A and IPO announcements. We haven't seen activity like this since 2021. Hopefully a strong sign of things to come in 2025 with a lot of pent up demand. The FirstPartyCapital team is joined on The FPC Podcast this week by Andrew Buckman, VP Marketing & Investor Relations, Azerion, to discuss latest announcements. Omnicom is buying Interpublic Group (IPG) Interpublic Group (IPG) is buying Intelligence Node Experian is buying Audigent Interpublic Group (IPG), Omnicom and WPP announce a strategic investment into Mediaocean Channel Factory has appointed Canaccord Genuity - Global Capital Markets to explore strategic options Vivendi is spinning out key media assets like Havas and CANAL+ Group which will IPO as standalone companies. We also discussed Azerion's M&A strategy and recent purchase of Goldbach Group AG Tune in and get up to speed! Links below 👇 #adtech #media #martech #data #mergersandacquisitions #IPO

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Too many small and mid-sized businesses struggle with capital constraints out of fear and misunderstanding. Sourcing the capital required to remove those constraints is key to unlocking the value creation potential of these companies. https://lnkd.in/gRYTKEmN #smallbusiness #businesstransformation

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🌟 Exciting Opportunity for CFOs! 🌟 Save the date for an immersive roundtable discussion on "Capital Investment and Allocation Strategies: Discussing effective ways to allocate and invest capital for maximum returns." Join industry expert Paul Joachimczyk, CFO of American Woodmark, for a thought-provoking session on capital investment strategies. 🗓️ Date: June 24th at 3pm EST 👥 Audience: CFOs 🔗 Setting: OnCon Senior Council Roundtable 🌟 Key Topics to Expect 🌟 1️⃣ Capital Allocation Strategies: Explore the various techniques for effectively allocating capital to maximize returns, mitigate risks, and drive shareholder value. 2️⃣ Investment Opportunities: Discover the key factors to consider when evaluating investment opportunities and the frameworks for successful investment decision-making. 3️⃣ Risk Management: Discuss the best practices for managing financial risks, including credit risk, market risk, operational risk, and more. 4️⃣ Performance Measurement: Gain insights into performance measurement techniques and key metrics for evaluating the performance of investment portfolios. 5️⃣ Future Trends: Learn about the emerging trends in capital investment and allocation, such as ESG investing and sustainable finance, and understand their impact on long-term value creation. Don't miss this chance to gain valuable knowledge and practical strategies for capital investment and allocation. 💥 Register Here: https://buff.ly/3VFuUzo Join us at OnCon Senior Council to redefine the future of capital investment and allocation strategies with industry expert Paul Joachimczyk. #CFO #CapitalInvestment #RiskManagement #InvestmentStrategies #FinancialManagement #SeniorCouncil

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Check out our mention in Venture Capital Journal's latest article on VC secondaries! Larry gives his perspective on the benefits of secondaries: “It’s not determined by a process. It’s determined by your process." Secondaries can provide investors with the flexibility to shape their investment decisions on their own terms. 📰 Read the full article below: 

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