Latest news with #growthfund
Yahoo
2 days ago
- Business
- Yahoo
Apollo Wins Bid for Singapore's $1 Billion Private Credit Fund
(Bloomberg) — Apollo Global Management (APO) won the mandate to manage Singapore's $1 billion private credit fund targeting local high growth enterprises, according to a government portal for procurement website. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say Mumbai Facelift Is Inspired by 200-Year-Old New York Blueprint The Ministry for Trade and Industry and Enterprise Singapore in March introduced the $1 billion Private Credit Growth Fund, which aims to provide non-dilutive customized financing for high-growth local enterprises, according to a statement then. It will announce more details about the fund by the third quarter, the statement said. The Private Credit Growth Fund, first introduced in the government's budget speech in February, is among Singapore's initiatives as it seeks to boost its presence in the burgeoning $1.7 trillion private debt space. This follows the Monetary of Authority of Singapore's initiative from March, when it had sought public feedback on a proposed regulatory framework targeting the asset class. The framework aims to grant retail investors access to the private market with proper safeguards in place. Adding onto the city state's private market ambitions, Singapore's sovereign wealth fund Temasek Holdings Pte. in December said it had set up a private credit platform with an initial portfolio of about S$10 billion ($7.8 billion), consisting of direct investments and credit funds. Meanwhile, Temasek's unit SeaTown Holdings International last year raised $1.3 billion for its second private credit fund. The firm actively lends to companies across Asia Pacific, such as to Vietnamese conglomerate Vingroup JSC's units Vincom Retail JSC and Vinfast Auto Ltd. What the Tough Job Market for New College Grads Says About the Economy How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All Godzilla Conquered Japan. Now Its Owner Plots a Global Takeover Forget DOGE. Musk Is Suddenly All In on AI The Quest for a Hangover-Free Buzz ©2025 Bloomberg L.P.
Bloomberg
2 days ago
- Business
- Bloomberg
Apollo Wins Bid for Singapore's $1 Billion Private Credit Fund
Apollo Global Management won the mandate to manage Singapore's $1 billion private credit fund targeting local high growth enterprises, according to a government portal for procurement website. The Ministry for Trade and Industry and Enterprise Singapore in March introduced the $1 billion Private Credit Growth Fund, which aims to provide non-dilutive customized financing for high-growth local enterprises, according to a statement then. It will announce more details about the fund by the third quarter, the statement said.
Yahoo
3 days ago
- Business
- Yahoo
Europe's $752M AI Power Play Just Dropped -- And You Probably Missed It
Eurazeo (EUZOF) is leaning inhard. The European investment group just pulled in 650 million ($752 million) for the first close of its new Growth Fund IV, putting it more than halfway to its 1 billion target. The timing isn't accidental. With AI hype turning into real enterprise spend, Eurazeo sees an opening. Managing partner Hala Fadel says while distributions are still muted and exits remain rare, there's appetite buildingespecially for strategies that don't just ride the wave, but aim to pre-empt it. Warning! GuruFocus has detected 6 Warning Signs with EUZOF. The fund will write checks between 20 million and 100 million, targeting Series B to pre-IPO rounds across Europe. But this isn't spray-and-pray. Eurazeo is focused on deals that haven't even hit the market yet, trying to secure allocations before the crowd shows up. Around two-thirds of the fund is going into earlier growth stages, with the rest saved for late-stage de-risked AI betscompanies already showing traction. Names already backed include Cognigy (AI-driven customer service), EcoVadis (sustainability scoring), Commercetools (headless commerce infra), and Fever (live event discovery). Behind the scenes, Eurazeo has reshaped its growth team after several high-profile exits last year. But with 4 billion under management in the growth platform and nearly 37 billion firmwide, it's staying aggressive. The firm is now doubling down on cybersecurity, health tech, and robotic automationbets that could benefit from the same AI tailwinds pushing U.S. multiples higher. As Fadel puts it: Europe may not move the loudest, but it has the talentand this fund is out to prove it has the capital discipline too. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Liberty All-Star® Growth Fund, Inc. June 2025 Monthly Update
BOSTON, July 14, 2025--(BUSINESS WIRE)--Below is the June 2025 Monthly Update for the Liberty All-Star Growth Fund, Inc. (NYSE: ASG). Liberty All-Star Growth Fund, ASGMonthly Update, June 2025 Investment Approach:Fund Style: All-Cap GrowthFund Strategy: Combines three growth style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap) selected and continuously monitored by the Fund's Investment Advisor. Investment Managers: Weatherbie Capital, LLCSmall-Cap Growth Congress Asset Management Company, LLPMid-Cap Growth Westfield Capital Management Company, Growth Top 20 Holdings at Month-End: (37.3% of equity portfolio) 1 NVIDIA Corp. 4.7% 2 Microsoft Corp. 3.1% 3 Apple, Inc. 2.5% 4 Inc. 2.4% 5 Meta Platforms, Inc. 2.4% 6 Ollie's Bargain Outlet Holdings, Inc. 2.4% 7 Natera, Inc. 1.8% 8 FirstService Corp. 1.8% 9 Casella Waste Systems, Inc. 1.6% 10 Alphabet, Inc. 1.6% 11 Visa, Inc. 1.5% 12 SPS Commerce, Inc. 1.4% 13 Dexcom, Inc. 1.4% 14 Netflix, Inc. 1.4% 15 ACADIA Pharmaceuticals, Inc. 1.3% 16 AAR Corp. 1.2% 17 Upstart Holdings, Inc. 1.2% 18 Broadcom Inc. 1.2% 19 Ascendis Pharma A/S 1.2% 20 SiteOne Landscape Supply, Inc. 1.2% Holdings are subject to change. Monthly Performance: Performance NAV Market Price Discount Beginning of month value $5.64 $5.20 -7.8% End of month value $5.93 $5.47 -7.8% Performance for month 5.14% 5.19% Performance year-to-date 1.27% 0.86% Net Assets at Month-End ($millions): Total $367.5 Equities $360.6 Percent Invested 98.1% Sector Breakdown* (% of equity portfolio): Information Technology 29.6% Industrials 20.0% Health Care 15.6% Consumer Discretionary 10.8% Financials 10.6% Communication Services 7.0% Consumer Staples 3.5% Real Estate 1.8% Materials 0.9% Energy 0.2% Total Market Value 100.0% *Based on Standard & Poor's and MSCI Global Industry Classification Standard (GICS). New Holdings:Applied Materials, Group, Aerospace, Inc.O'Reilly Automotive, Technology SASynopsys, Inc. Holdings Liquidated:BILL Holdings, Ltd./IsraelCopart, Pharmaceuticals, Research Innovation, Inc. The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount. Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses. Returns are calculated assuming that a shareholder reinvested all distributions. Past performance cannot predict future investment results. Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal. Sources of distributions to shareholders may include ordinary dividends, long-term capital gains and return of capital. The final determination of the source of all distributions in 2025 for tax reporting purposes will be made after year end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during its fiscal year and may be subject to changes based on tax regulations. Based on current estimates a portion of the distributions consist of a return of capital. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholder 1099-DIV forms after the end of the year. All data is as of June 30, 2025 unless otherwise noted. View source version on Contacts Liberty All-Star® Growth Fund, libinfo@ Sign in to access your portfolio
Yahoo
07-07-2025
- Business
- Yahoo
Here's What Boosted Tempus AI (TEM) in Q1
Frontier Capital Management, an investment management company, released its 'Frontier Small Cap Growth Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. Class N shares of the fund returned -14.43% in the first quarter, compared to -11.12% for the benchmark Russell 2000 Growth Index. The fund returned -14.50% for the 12 months ended March 31, 2025, compared to the benchmark return of -4.86%. US equities traded lower in the first quarter, mainly during the last week of the quarter. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first quarter 2025 investor letter, Frontier Small Cap Growth Fund highlighted stocks such as Tempus AI, Inc. (NASDAQ:TEM). Tempus AI, Inc. (NASDAQ:TEM) is a healthcare technology company. The one-month return of Tempus AI, Inc. (NASDAQ:TEM) was -1.77%, and its shares gained 97.44% of their value over the last 52 weeks. On July 3, 2025, Tempus AI, Inc. (NASDAQ:TEM) stock closed at $60.99 per share, with a market capitalization of $10.558 billion. Frontier Small Cap Growth Fund stated the following regarding Tempus AI, Inc. (NASDAQ:TEM) in its first quarter 2025 investor letter: "Our best contributing stock was Tempus AI, gaining 43% on the back of robust growth and the end of its initial public offering (IPO) lockup period. Tempus AI, Inc. (NASDAQ:TEM) is a health care company that combines its next generation diagnostics platform across multiple diseases with its leading data and analytics capabilities. Tempus is rooted in clinical care delivery as one of the largest sequencers of cancer patients and patients with other diseases. The company is building an intelligent diagnostics platform through the application of its artificial intelligence (AI) capabilities to allow physicians to deliver more personalized and data-driven therapies to patients and to help researchers develop more precise therapies. The Tempus platform collects numerous data types, and unlike peers, the data comes not only from its own labs but also from a variety of sources including more than 2,000 health care institutions and more than half of the practicing U.S. oncologists. Today, Tempus has a multimodal, de-identified database that is much larger than any other company or institution. This database creates a substantial economic moat and additional revenue stream for the company when it licenses the data to pharma companies to aid in therapy development. The company's recent rapid growth has been driven both by increased testing volumes, higher realized average selling prices, as more payors are covering their tests, and improved coverage and price through Medicare. While not yet profitable, Tempus guided slightly positive Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for 2025, a meaningful improvement compared to 2024 and prior periods." A doctor administering a diagnostic test kit for the detection of gastrointestinal diseases. Tempus AI, Inc. (NASDAQ:TEM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 21 hedge fund portfolios held Tempus AI, Inc. (NASDAQ:TEM) at the end of the first quarter, compared to 17 in the previous quarter. In the first quarter of 2025, Tempus AI, Inc.'s (NASDAQ:TEM) revenue increased 75.4% year-over-year to $255.7 million. While we acknowledge the potential of Tempus AI, Inc. (NASDAQ:TEM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Tempus AI, Inc. (NASDAQ:TEM) and shared the list of top healthcare AI stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of TEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
