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Knowing when and how to exit a private equity investment can make the difference between realizing substantial gains or facing significant losses. Private equity investments are usually long-term commitments, and while they have the potential to give investors lucrative returns, they're also riskier than many other investments. Part of managing that risk effectively is choosing […] The post 6 Exit Strategies for Private Equity Investors appeared first on SmartReads by SmartAsset.

6 Exit Strategies for Private Equity Investors

On 19 August 2024, Bitwise Asset Management announced its acquisition of ETC Group, a significant move that marks the expansion of Bitwise’s presence in the European market. Founded in 2019, ETC Group has developed a robust suite of exchange-traded products (ETPs) that have gained substantial traction in the cryptocurrency space. Among ETC Group’s offerings are the largest physical Bitcoin ETP (BTCE), Ethereum with staking (ET32), Solana (ESOL), XRP (GXRP), and the MSCI Digital Assets Select 20 (DA20). All of these products are physically backed, ensuring that investors have direct exposure to the underlying digital assets.

Bitwise Asset Management Acquires London-Based Crypto ETP Issuer ETC Group, Strengthening European Market Presence

Over 70% of crypto investors view digital assets as key to wealth building. 64% of retail investors are in digital assets, with 69% planning to increase holdings. Over 70% of crypto investors consider this asset class as a key component of their wealth-building strategy, according to an EY-Parthenon survey. Prashant Kher, Digital Assets Strategy and Transactions Leader at EY, shared with Crypto Briefing that this is an important indicator of the blockchain industry’s evolution.

Crypto is now integral to investors’ wealth strategy, says EY executive

Does the U.S. have a looming retirement crisis on its hands?. Researchers at Morningstar recently performed an exhaustive analysis of U.S. workers' retirement preparedness to find out, and the data revealed good and bad news. Bad news first: Across the U.S., Morningstar's model predicts about 45% of households will run...

The 3 biggest 401(k) mistakes that can derail your retirement, according to investment researchers

Equities were responsible for all of Norway’s Government Pension Fund Global’s first half investment returns, as the sovereign wealth fund’s investment portfolio gained 2.1% in the second quarter and 8.59% for the first half of 2024. The returns brought its asset value to 17.75 trillion kroner ($1.69 trillion).

Norway’s Pension Fund Global Returns 2.1% in Q2; Asset Value Rises to $1.69T

The low price of Bitcoin when it was launched and how much the digital asset has grown over the years has been a constant source of regret and awe for investors who found out about the cryptocurrency early. Mainly, the potential to turn a small amount into millions is what has drawn countless investors into Bitcoin and to the crypto industry. So, this report takes a look at how much you would’ve made if you spent $100 buying BTC 14 years ago from today.

Here’s How Much You Would Have If You Bought $100 In Bitcoin 14 Years Ago

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

New York City, NY

Wealthy businessman Timothy Mellon and former New York Mayor Michael Bloomberg wrote huge, eight-figure checks in July to support major Republican and Democratic super PACs, respectively, gearing up for the 2024 election. Mellon, who donated $50 million in May to Make America Great Again Inc., the super PAC that supports...

Billionaires Timothy Mellon and Mike Bloomberg inject massive sums into 2024 super PACs

'Mad Money' host Jim Cramer takes a look at the Fed's next move and the state of the consumer.

We have to rethink how strapped the consumer really is, says Jim Cramer

The Motley Fool

Bitcoin could soar in price over the next decade. But that's not the only reason billionaires are buying Bitcoin.

Billionaires Are Buying This Cryptocurrency That Could Soar 20,000%, According to MicroStrategy Executive Chairman Michael Saylor

Fidelity actively participates with 176,626 BTC held, emphasizing strong institutional engagement in the cryptocurrency market. Predictions suggest Bitcoin ETFs might hold more than Nakamoto as early as October 2024 due to rapid acquisition rates. U.S.-based Bitcoin ETFs are approaching a pivotal moment where they might soon hold more Bitcoin than...

BlackRock and Fidelity Are Hoarding Bitcoin: Could They Control the Future of Crypto?

Cheddar senior anchor Kristen Scholer has left the news organization to join ICE as senior planning manager and anchor. She will be based at the New York Stock Exchange. Scholer joined Cheddar in April 2016 after spending 17 months as a reporter at the Wall Street Journal, where she wrote a daily markets column, contributed to video and wrote for the web and print.

Scholer departs Cheddar for ICE

USA TODAY

The Consumer Financial Protection Bureau is looking into the handling of Zelle transactions by big banks, according to a Wall Street Journal report.

Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle

Kansas State

Elkhart, KS

The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million. Shan Hanes, pronounced Shane, sent the funds from Heartland Tri-State Bank to cryptocurrency wallets controlled by scammers who had duped him in a "pig butchering" scheme that appealed to his greed, federal prosecutors said.

Cryptocurrency 'pig butchering' scam wrecks Kansas bank, sends ex-CEO to prison for 24 years

Steven Blitz, chief U.S. economist at TS Lombard, weighs in on the minutes of Federal Reserve's July policy meeting.

Fed minutes suggest policy may be behind the curve, TS Lombard economist says

Vice President Kamala Harris is calling for the forgiveness of medical debt for millions of Americans. People in the U.S. owe at least $220 billion in medical debt, a February KFF analysis found. Vice President Kamala Harris wants to forgive medical debt for millions of Americans. The economic plan Harris...

Harris wants to forgive medical debt for millions of Americans

Philadelphia, PA

Philadelphia Fed President Patrick Harker joins 'Squawk on the Street' to discuss his thoughts on the jobs market, the risks of a weaker job market, and more.

Philadelphia Fed President Patrick Harker: Job market revisions weren't a surprise

The Greek-flagged oil tanker Sounion suffered "minor damage" following strikes off the Yemeni coast, which ignited a fire onboard. The vessel was left adrift in the Red Sea. Greece's Minister of Shipping and Insular Policy Christos Stylianides condemned the attack as a "flagrant violation of the rules of international law."

Oil tanker abandoned, adrift and ablaze after Red Sea attack

The Citi Strata Premier℠ Card and Wells Fargo Autograph Journey℠ Card are top-notch travel credit cards with sub-$100 annual fees. Either option can make sense as a beginner travel credit card while offering higher redemption values if you maximize your rewards. With so many similarities between these credit cards, which makes the most sense for you?

Wells Fargo Autograph Journey vs. Citi Strata Premier: Which offers more valuable rewards?

NewsBreak

It's a ‘relatively good’ environment for risk assets, CIO says

Tom Caddick, chief investment officer at...

It's a ‘relatively good’ environment for risk assets, CIO says

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