Eric Goldstein

On Yahoo Finance today talking about Costco Wholesale’s membership fee hike!

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Really exciting news. Not just for Microsoft as a capital partner, but for what it really says: (1) BEAD is not going to be enough, (2) historically marginalized communities risk being left behind AGAIN, and (3) community-centric investors and philanthropy need to combine forces. Thank you Microsoft for your trust and partnership! Onward! #digitalequity #digitaldivide #impactinvesting #blendedfinance

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Value based healthcare is finally coming into play. Understanding your options for partners and tools to maximize or create value before or after an acquisition or investment is critical to long term success.

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It is a privilege and an honor that our team has asked me to do a short video explaining to the outside world: Who we are, What we do, and How we do it.    www.cambridgewilkinson.com   Capitalize on Our Connections. #team #capitalraise #debt #equity #privatecredit #scale #privateequity #familyoffice #insurance #sovereigns #endowments #fundfinance #specialtyfinance #realestate #partnership #buyouts

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Great article with comments from our CIO Matthew Rubin on the growing significance of private credit in the financial landscape in a recent Citywire article: "As long as the economic backdrop remains the way it is right now, we continue to think there'll be opportunities in private credit, and we want to be looking for innovative and novel ways for clients to be able to capitalize on that in their investment portfolios." Read full article here: https://lnkd.in/eHPGSar5 ​

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Timely and insightful

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With the seizure of the Philly's Republic Bank by the FDIC today, one would think that the banking system was stressed but it isn't according to my math. Last spring, it was already stressed when First Republic and Silicon Valley Bank went down (to name a few). Is the system strong right now or are investors just ignoring the red flags? tight policy slowing earnings mixed macro signals FX markets all over the place #banks #markets #risk #stocks #spx

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I really think Soteria Market Inc. (founded by NYU Stern School of Business TRIUM alumn Ofer Shapira) is about to take off! This AI-driven platform matches buyers and sellers of distressed debt — a function that today is still done laboriously (and expensively) with investment bankers making phone calls. Soteria can create massively higher liquidity in this market, and can do it faster, cheaper, and with more precision. This will do for distressed asset trading what Mike Bloomberg did for bond trading. #fintech #AI #distresseddebt #innovation

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It’s one of the most predictable of economic impulses. Facing competitive pressure? Then try to limit the competition. With labor unions in Massachusetts, one oft-attempted approach has been to pressure public-sector decision-makers to impose so-called project labor agreements on public projects. Although they don’t say so explicitly, PLAs in effect limit public work only to firms whose workers belong to trade unions. Such agreements usually drive up costs for the taxpayer… …In the future, when faced with union lobbying for PLAs, elected officials and public decision-makers should cite Callan’s lucid ruling on the matter and say a firm and emphatic no. Why, they might even want to quote the judge, who pithily summed things up this way: “The public benefits from an open, fair, competitive, and robust bidding process. The PLA requirement unnecessarily curtails that without legal justification.” https://lnkd.in/e3r8Dx9M

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Great WSJ article highlighting our focus on the middle market

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Discover insights from our Raymond James Consumer team's analysis on Restaurant IPO trends. Gain valuable perspectives on market dynamics within the consumer sector, essential considerations for prospective restaurant IPO candidates, and in-depth analysis of recent restaurant IPOs.

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Howard Tullman is general managing partner at G2T3V, LLC, while Keith Fitz-Gerald is principal at the Fitz-Gerald Group. Both experts have decades of experience analyzing and investing in private and public technology companies, and they sat down for an engaging MoneyShow MoneyMasters Podcast episode to explain the current state of play in the sector. https://lnkd.in/eYUNuuGy We dive first into the regulatory environment and how “Big Tech” companies like Meta Platforms Inc. (META), Amazon.com Inc. (AMZN), Alphabet Inc. (GOOGL), and Microsoft Corp. (MSFT) are facing more scrutiny from Washington, as well as how smaller competitors and startups need to approach the big boys to survive and thrive. Next, the conversation pivots to some of the innovative tech developments impacting productivity and business practices in industries as diverse as customer service/call centers and health care – as well as the not-so-helpful “wasted effort box” stuff that doesn’t give us the “seamless technology a la Star Trek” we really want. We then cover interesting developments in Artificial Intelligence (AI), the evolving tech sector work environment, the advice Howard gives his portfolio companies, and more. Plus, both Howard and Keith weigh in on the investment windows of various tech investing firms – and how it doesn’t always align with what companies seeking investment really need. Toward the end of the segment, they share some practical guidance for stock investors looking to capitalize on pullbacks in the tech sector, as well as those looking to take a more defensive posture. Finally, both Howard and Keith share a sneak peek of what they’ll tell attendees at the Investment Masters Symposium Silicon Valley, set for May 7-9, 2024 at the Hyatt Regency San Francisco Airport. Click here to register. https://lnkd.in/eB_zcRqb

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Earlier this year, Rockefeller Capital Management CEO Greg Fleming and Chairman of Rockefeller International Ruchir Sharma sat down to discuss the Top 10 Trends likely to affect investors in 2024. As we head toward the second half, we're pleased to present a Mid-Year Outlook, a discussion in which they update their views on the trajectories of some of those key trends, among them the potential market implications of one of the largest global election years in history and how deficit and interest rate trends will shape the economy. https://lnkd.in/eNpM6GtM ​

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Retiring entrepreneurs are motivated to sell to private equity firms because PE offers substantial capital infusion, strategic guidance, and a streamlined exit strategy, which helps them unlock their business's full potential and encourage further growth. This approach allows retiring owners to secure a successful transition and maximize business value while preserving their legacy with professional support from firms like SEA.

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Retiring entrepreneurs often opt to sell their businesses to private equity (PE) firms instead of passing them on to heirs for several strategic reasons. First and foremost, PE firms bring a wealth of resources, including significant capital infusion, which can be instrumental in scaling the business beyond the original owner's capabilities or initial vision. This capital not only fuels growth but also modernizes operations, making the business more competitive and sustainable in the long run. Additionally, PE firms offer strategic guidance that leverages industry expertise and professional management practices. This guidance is crucial for businesses that need a transformational strategy to thrive in evolving markets or require a level of professional management beyond what the existing family structure can provide. Moreover, selling to a PE firm allows retiring entrepreneurs a clear and efficient exit strategy. This is particularly appealing for those who may not have willing or capable heirs, or for those who prefer to safeguard their legacy by ensuring the business is managed by professionals who can drive future growth. With the support of SEA, business owners can make well-informed decisions that align with both their personal and business goals.

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PE consolidation of RIAs is raising a number of questions that are yet to be answered as outlined by Barron's. These are the same questions being asked in other professional services (dental, medical, and now accounting): ❔ How does PE ownership influence the human element of professional services? What is the affect on the advisor/provider-client/patient relationship? ❔ What is the end game? Who will own the companies that remain after being traded up the PE value-chain? ❓ If consolidation is the future of the industry, do professionals need PE ownership to expand their service lines and compete? Is there an independent alternative?

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We appreciate all of the insights that Jake Oubina and John Covert brought to our Piper Sandler 2024 Infrastructure Finance Summit. #2024InfrastructureFinanceSummit

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