Andrea Perlak

The Information has a tremendous behind-the-scenes article about how OpenAI can raise spectacular amounts of funding, including the $6.5B on tap over the coming days, at ever-higher valuations. It is a fantastic read for any #CFO and #CEO trying to replicate it. The short answer is not what you would think: #technology, and more about #credibility #revenuegrowth and Sarah Friar, OpenAI's CFO, and keeping the story straightforward. What do you think? #management #venturecapital #privateequity #capitalmarkets #aifinance https://lnkd.in/gVUfZxDx

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Three crypto asset managers three different strategies. Should be a good one. Tune in in about 30 min.

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https://lnkd.in/gZeefZhX Private equity funds gathered $176.7 billion in the first quarter of 2024, a drop of roughly 10 percent from the $195.5 billion recorded in the same period last year, according to preliminary findings from PEI data. Interest rate uncertainty continues to weigh on buyout and exit activity, while record dry powder for the asset class remains stacked for 2024, the data found.

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Great Article https://lnkd.in/gkSbT4Th Value Creation is Key: Validated value creation plans, combined with a meticulous and programmatic delivery approach, helps address the pressing concerns of cash-hungry LPs by demonstrating a commitment to generating cash returns and meeting current LP demands, while strengthening trust between GPs and LPs. Key Points - Net IRR was once the gold standard for measuring PE success. - LPs say DPI (Distributed to paid-in Capital) is now paramount - Distributed to paid-in capital, is the ratio of cash generated to what’s invested. - GPs are generating cash however they can. - Exits are likely to hit a five-year low this year and the average hold  time for a portfolio company has grown to almost six years (Preqin) - PE distributions at major firms have plummeted 49 percent over the last two years. - Private equity firms are motivated to distribute cash to enable LPs to commit to future funds. - GPs are responding to the demand with alternatives to exits: continuation funds, NAV loans,  subscription lines, cutting management fees.

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🔝⚠️Key Hedge Fund Managers📉📈Rebalance Portfolios📊Away from🦾Nvidia♻️‼️ 🔘Amidst an ever-evolving #technology landscape, several high-profile #investors have recently adjusted their tech holdings, signaling a shift in conviction towards companies with strong #artificialintelligence (#AI) prospects. Notable #billionaires operating #hedgefunds began divesting from #Nvidia, a titan in the #GPU industry, even before its #stock underwent a 10-for-1 split on June 7. Despite Nvidia’s stock more than doubling in the past year, largely thanks to its AI buzz, these investors saw potential elsewhere. 🔘Philippe Laffont of Coatue Management significantly downsized his Nvidia shares by 68%, instead boosting his interest in #tech conglomerate #Alphabet by 155%. Alphabet, known for its dominance in both the #admarket and #cloud infrastructure, has integrated its AI-driven platform, #Gemini, into various services including #Google Search and Google Cloud, showing promising #revenuegrowth in its Q1 #financial report. 🔘Similarly, Steven Schonfeld of Schonfeld #Strategic Advisors cut his Nvidia stake by more than half while almost doubling his #investment in Alphabet. Paul Tudor Jones of Tudor Investment slashed his Nvidia shares considerably, concurrently showing enthusiasm in cloud-based #datawarehousing company, Snowflake, which Forrester recently acknowledged as a market leader. Lastly, Louis Bacon of Moore #Capital Management lightly reduced his Nvidia position, merely by 19%, opting to invest in both Alphabet and #Snowflake as well—although not as prominently within his #portfolio. ⚠️Key Questions and Answers: 🟡Why are hedge fund managers moving away from Nvidia? Hedge fund managers might be #rebalancing their portfolios away from Nvidia to diversify their investments and capture higher growth potential elsewhere, particularly in companies with emerging AI capabilities and strong positions in cloud infrastructure. 🟡Which companies are favored by the hedge fund managers? Hedge fund managers have shown an increased interest in Alphabet, due to its significant advancements in AI and cloud services, and Snowflake, which leads in cloud-based data warehousing. 🟡What challenges does Nvidia face? Despite its past success, Nvidia may face challenges such as increased competition in the AI and GPU markets, potential regulatory issues, and the need to consistently innovate to maintain its market position. 🟡What controversies are associated with Nvidia? Nvidia has occasionally faced controversy over topics such as product shortages, competitive concerns, and the environmental impact of cryptocurrency mining which relies heavily on GPUs. …

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