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Tether Scales Back on Planned $15B Fundraising: Report
Yahoo Finance· 2026-02-04 09:11
Group 1 - Tether has reduced its funding round target from $15 billion to $20 billion to potentially as low as $5 billion due to investor pushback on its $500 billion valuation [1][2] - The company generated approximately $10 billion in profit last year, primarily from yield on reserves backing USDT, indicating strong profitability and no immediate need for capital [3][2] - Tether's balance sheet resembles that of a large financial institution, holding over $122 billion in direct US Treasuries and having total Treasury exposure exceeding $141 billion [4] Group 2 - Tether has launched USAT, a US-regulated stablecoin, which is fully compliant with new federal stablecoin regulations, differentiating it from USDT [6] - The launch of USAT positions Tether in direct competition with other stablecoins like Circle's USDC and new entrants from major financial institutions [7] - Tether is actively engaging with US policymakers and law enforcement, collaborating with nearly 300 law enforcement agencies across over 60 countries [7]
X @Wu Blockchain
Wu Blockchain· 2026-02-04 05:27
According to FT, Tether has scaled back its planned $15–20bn fundraising after investor pushback over a $500bn valuation, with advisers now discussing a raise as small as $5bn. CEO Paolo Ardoino said the larger figure was only a maximum the company was willing to sell and that Tether would be comfortable not raising capital at all. The firm made about $10bn in profit last year, mainly from USDT reserve returns.https://t.co/9eymtoxJcg ...
Patria(PAX) - 2025 Q4 - Earnings Call Transcript
2026-02-03 15:02
Financial Data and Key Metrics Changes - Patria reported organic fundraising of $1.7 billion in Q4 2025 and a record $7.7 billion for the full year, exceeding the revised target of $6.6 billion by over $1 billion [5][34] - Fee-related earnings reached $203 million in 2025, up 19% year-over-year, with distributable earnings per share at $1.27 [6][23] - Total fee revenue for Q4 was $101 million, an increase of 8% year-over-year, while full-year total fee revenue reached $344 million, up 14% [39] Business Line Data and Key Metrics Changes - Infrastructure strategies raised approximately $2.3 billion in 2025, significantly higher than the previous year, driven by strong global interest [11] - The credit platform raised a record $1.8 billion in 2025, surpassing the previous record of $1.4 billion in 2024 [12] - Real estate strategies raised over $520 million in Q4 2025, contributing to Patria becoming the largest manager of REITs in Brazil [14] Market Data and Key Metrics Changes - The Brazilian credit market reached $1.7 trillion in 2024, with an estimated $800 billion addressable market for asset-backed, non-bank private credit [13] - Approximately 90% of Patria's fee-earning AUM is in vehicles with no or limited redemptions, indicating a stable asset base [15][21] Company Strategy and Development Direction - Patria aims to achieve a fee-earning AUM target of $70 billion by year-end 2027, with recent acquisitions expected to enhance capabilities in private credit and real estate [8][10] - The company is expanding its investment strategies, including infrastructure development, private equity buyout, and venture capital, to diversify its performance fee earnings stream [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting 2026 and 2027 fundraising targets of $7 billion and $8 billion, respectively, due to strong demand for their investment strategies [10][34] - The macroeconomic environment is seen as favorable, with financial deepening and deregulation in Latin America driving increased investor interest [28][30] Other Important Information - Patria announced a share buyback program of up to 7 million shares to return capital to shareholders [9] - The company is undergoing leadership changes, with a new CFO set to take over in April 2026 [31][32] Q&A Session Questions and Answers Question: Can you discuss the private equity valuation process? - The company uses an independent appraiser annually to value funds, employing a discounted cash flow model and comparing results with industry multiples [56][58] Question: How do unrealized performance fees affect your financials? - Unrealized performance fees do not impact revenues as management fees are charged based on invested capital, not valuations [62][64] Question: What is the outlook for fundraising in 2026? - The company is optimistic about exceeding the $7 billion fundraising target for 2026, given the strong performance in 2025 [70]
Democrat Taylor Rehmet on Flipping a Texas Senate District
Bloomberg Television· 2026-02-02 23:17
Joining us now is that Democrat Texas senator elect, such a state senator elect, Taylor Rehmet. Thanks so much for being with us. We appreciate your time today.Awesome. Thank you so much. I want to know how you did this. How did you flip this district.This was a result of a lot of hard work and listening to the voters. It was not easy, but we had a lot of fun. I learned a lot and I have a scrappy team and we were able to pull off something great.There's been a lot of national attention on this race for the ...
Amazon in talks to invest as much as $50 billion in OpenAI, source says
Yahoo Finance· 2026-01-29 20:40
Group 1 - Amazon is in discussions to invest up to $50 billion in OpenAI, with talks still in early stages and final numbers not yet confirmed [1][3] - OpenAI is seeking to raise up to $100 billion in funding, which would value the company at approximately $830 billion [2] - OpenAI has signed a $10 billion computing deal with Cerebras and is preparing for an IPO that could value it at up to $1 trillion [3] Group 2 - Amazon has previously invested about $8 billion in Anthropic, which is valued at $183 billion and is a competitor to OpenAI [4] - Anthropic forecasts its annualized revenue run rate could exceed $26 billion by 2026 [4] - Other companies, including Nvidia and Microsoft, are also in talks to invest significant amounts in OpenAI, with Nvidia considering up to $30 billion and Microsoft less than $10 billion [5]
Faber Report: Softbank close to investing an additional $30B in OpenAI
CNBC Television· 2026-01-28 16:32
Um guys, I wanted to move on to another important story of course involving a private company that we talk about a lot here, Open AAI and reports of course of its fundraising effort that has been underway for some time. Remember it was a 100 billion dollar. We've heard a lot of different things. There's been a lot of reporting on it at different amounts and where it stands.Uh what I can tell you is according to people familiar with the situation certainly Soft Bank is in for 30 billion that has been reporte ...
International Land Alliance, Inc. Announces engagement with Buis & Co. as M&A Advisor
Globenewswire· 2026-01-28 13:00
Core Insights - International Land Alliance, Inc. has engaged Buis & Co. as a financial advisor to explore strategic alternatives and fundraising opportunities [1][2] Company Overview - International Land Alliance, Inc. is an international land investment and development firm based in San Diego, California, focusing on sustainable and socially responsible housing solutions [3] - The company aims to acquire attractive raw land primarily in Northern Baja California and desirable real estate assets in Southern California [3] - ILAL is committed to building environmentally friendly communities for vacation, retirement, and investment buyers [3] Advisory Engagement - Buis & Co. has a history of providing client-focused advice to middle market companies and has successfully completed over 150 transactions since its inception [2] - The advisory firm has expertise across various industries, including automotive, healthcare, technology, and more [2]
X @CoinMarketCap
CoinMarketCap· 2026-01-27 12:52
👀 Top Crypto Fundraising Last Week1️⃣ BitGo (@BitGo) - $212.8M; Custody2️⃣ Superstate (@superstatefunds) - $82.5M; Yield Farming, RWA3️⃣ Pomelo (@pomelo_latam) - $55.0M; Payments, API4️⃣ ZBD - $40.0M; Payments, Mobile5️⃣ River - $12.0M; LSDfi, Stablecoin Protocol6️⃣ Finst (@finst_official) - $9.3M; CEX7️⃣ Cork Protocol (@Corkprotocol) - $5.5M; RWA8️⃣ Akedo Games (@akedofun) - $5.0M; Mini App, Binance Alpha9️⃣ Bitway (@bitwayofficial) - $4.4M; Governance, Layer 1 (L1)🔟 CheckSig (@CheckSig) - $4.1M; Custody ...
BlackRock is now $14 trillion after a record-breaking year. The firm has an ambitious fundraising plan for 2026.
Business Insider· 2026-01-15 14:42
Core Insights - BlackRock has raised nearly $700 billion in net cash, bringing its total assets under management to $14 trillion, with a record $181 billion in net new money from its iShares ETF franchise in Q4 2025 [1][2] Fundraising Strategy - The company has outlined an "ambitious 2026 fundraising plan" focusing on private markets, target-date funds, active ETFs, and international retirement savers [2] - The goal for new private market assets is set at $400 billion by 2030, with significant interest from insurance companies [5] Private Market Focus - 2026 will mark the first full year of BlackRock's acquisitions of private-credit player HPS, infrastructure investor GIP, and private-market-data provider Preqin [3] - The firm plans to launch its first target-date fund with private market exposure later this year, pending regulatory approval for private assets in 401(k) plans [6] Sales and Distribution - BlackRock's sales and distribution team, described as the largest in the industry, is actively promoting HPS products to financial advisors at major wirehouses [7] - The company sees growth opportunities in international markets, particularly in Asia, the Middle East, and Latin America [7][8] Investment Products - BlackRock continues to expand beyond fixed-income products, with significant growth in bond investment products, including active ETFs [9] - In 2025, fixed-income ETFs attracted $159 billion in net new money, nearly matching core equity offerings [10]