Elsewhere Partners’ Post

Capital providers are storming into 2024 with guns blazing, given most fell short of their deployment goals last year. That said, closing a capital raise deal this year will be akin to threading a needle in low light – everything will have to line up perfectly and there is no margin for error. Our first market update of 2024 pulls the curtain back to reveal what investors are really looking for this year, and what our prominent Capital Markets Strategy Team is seeing in their crystal ball. It may surprise you. https://lnkd.in/gHMFGDXw

New Tech IPOs Despite Mixed Markets Subscribe at the link below to receive our Sunday Capital Markets Newsletter direct to your inbox ==> https://bit.ly/3GS8DrF #Investing #InvestingNews #StockMarketNews #EquityResearch

Capital providers are storming into 2024 with guns blazing, given most fell short of their deployment goals last year. That said, closing a capital raise deal this year will be akin to threading a needle in low light – everything will have to line up perfectly and there is no margin for error. Our first market update of 2024 pulls the curtain back to reveal what investors are really looking for this year, and what our prominent Capital Markets Strategy Team is seeing in their crystal ball. It may surprise you. Read the report here - https://lnkd.in/gHhPbYdA

💡 Insights from managing a Brokerage Company 💭 Running a successful #brokerage company has taught me valuable lessons, especially when it comes to developing trading #software 🎯 1️⃣ Traders and investors appreciate intuitive and user-friendly interfaces. A platform that is easy to navigate contributes to user satisfaction and retention. 2️⃣ A successful brokerage platform needs to be adaptable, capable of incorporating new technologies, and adjusting to market trends very swiftly. 3️⃣ Collaborating with other businesses in the financial ecosystem is compulsory! Grid Capital Inc. provides a streamlined pathway for businesses to thrive in the brokerage industry. 💪💼 #BrokerageInsights #TradingSoftware #startupecosystem

We generally see warrants used when investors can't agree with founders on a valuation. As I've shared before, valuation is really just a proxy for the amount of dilution a company is willing to absorb during a round of fundraising. So, while warrants let you keep the price, it doesn't change the dilution. Example: Raise $1M on a $4M pre, with 20% warrant coverage (warrant coverage basically means investors get up to $200k in extra equity). In this case, you have explicitly sold 20% of the company, but you must also reserve another 4% of equity for the warrants. In effect, selling 24% of equity, which equates to a $3.16M pre-money valuation. But, because warrants have a future redemption date, you don't get the extra $200k, even though you have set aside the equity. before offering warrant coverage, think very carefully about the implications to valuation for what you're offering. https://buff.ly/3VFPqlm

The private market fund subscription process - in the not so distant past, this was an arduous, error-prone, frustrating process with LP subscribers, GPs, and the legal counsel in-between. I must say, having completed 3 processes the past week via Anduin Transactions, this has been a game-changer in the process and mark-up engagement with fund counsel. What are the other similar digital subscription portals for private market funds? Any ideas would be welcome as we try to learn more on the IT tools landscape for private markets. And for those fund managers still using pdf documents - you should consider digitizing ASAP. And of course, in the Peter Thiel / Joe Lonsdale ecosystem, the name #anduin has reference from the Lord of the Rings. #alternativeassets #privatemarkets #fundmanagers #privateequity #subscriptions #documentation #legaltech #technology #efficiency #capitalmarkets https://lnkd.in/gmiBJaSj

Anduin is changing the technology game when it comes to fund subscriptions in the private markets 🎯 But don't just take our word for it ⬇ Just take a look at what Vishnu Amble had to say about his experience. If you'd like to see Anduin in action, book your demo here: https://lnkd.in/gv_Kjpj4

JPMorgan Chase & Co.-backed Neovest, a broker-neutral order and execution management system, completed the acquisition of LayerOne Financial, an investment management platform. Financial terms were not disclosed. "We are excited to acquire LayerOne Financial to enhance our offering and support our clients in finding efficiencies in their investment operations. Following this acquisition, Neovest can enable clients to manage their full investment lifecycle with one software provider with industry-leading capabilities. Neovest's key objectives are creating an exceptional client experience from on-boarding to trade execution management and expanding our product capabilities to advance and differentiate from other investment management platforms. LayerOne's technology and people are perfectly placed to help us on this journey," Jimmi Shah, Neovest CEO. Neovest (led by Jimmi Shah) is advised by J.P. Morgan and Gibson Dunn . LayerOne (led by Kyle Zasky and Christer Strand) is advised by SenaHill Partners, LP and Morgan, Lewis & Bockius LLP. #MergersAcquisitionsDivestitures #Investments #FinancialServices

Deal updates on the Dealscribe platform this week: Notices: Albacore Euro CLO IV - AlbaCore Capital Group Equity and the manager are considering a redemption either in whole or in part through a refinancing. Apex Credit CLO 2018-II - Jefferies The date for the redemption of the notes has been changed. Carlyle Euro CLO 2017-2 - The Carlyle Group Equity and the manager are considering a redemption in whole via a liquidation. Carlyle US CLO 2017-3 - The Carlyle Group Equity and the manager are considering a redemption either in whole or in part through a refinancing. Golub Capital Partners CLO 62(B) - Golub Capital Equity and the manager are considering a redemption either in whole or in part through a refinancing. Invesco Euro CLO III - Invesco Ltd. The retention holder is considering a redemption either in whole or in part. Man GLG Euro CLO I - Man Group The date for the redemption of the notes has been changed and the redemption threshold amount has increased to €293,288,768.99. MKS CLO 2017-2 - MKS CLO Advisors The redemption notice has been withdrawn. Discover more on www.dealscribe.com #realintelligence #CLOdocservice #thedevilisinthedetail

Financial professionals, especially Portfolio Managers, tend to have very strong opinions when it comes to capital market assumptions. Why? Because it is how their firm believes future markets will behave, and those beliefs have a huge impact on their client’s actual future returns. At Caravel, we are agnostic about CMAs. But we do want to empower Portfolio Managers with tools that actually reflect how they view the markets. If this resonates with you, then start a free trial of CMPAS: Allocation today! https://lnkd.in/dJHnX-gP #financialadvising #financialplanning #fintech #financialsoftware #portfoliobuilding #portfoliomanager