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Secondaries-focused private equity heavyweight Coller Capital has raised $17bn across its latest fundraising cycle through the final close of Fund IX, it's biggest fund to date.
The post Coller Capital scores $17bn across latest fundraising cycle with hard cap close of biggest flagship fund yet appeared first on AltAssets Private Equity News.
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Under CEO Jane Fraser, Citigroup is in the midst of a restructuring, selling off parts of its overseas operations.
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Bain Capital today has brought its recent real estate fundraising activity to more than $5bn through the final close of its third main fund specialising in the sector.
The post Bain Capital collects $3.4bn for third dedicated real estate vehicle appeared first on AltAssets Private Equity News.
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S&P 500 books back-to-back losses as tech sells off, Bank of America slides after earnings: Live updates CNBCNasdaq leads Wall Street lower as tech and bank shares tumble Honolulu Star-AdvertiserStock market today: Dow, S&P 500, Nasdaq futures slip amid upbeat bank earnings, Iran fears Yahoo FinanceStock Market Today: S&P 500 Slips After Bank Earnings; Gold, Silver Hit Records — Live Updates The Wall Street Journal
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Rosberg Ventures, the VC firm launched by former F1 racing driver Nico Rosberg, has sealed $100m for the final close of its third fund.
The post Formula One World Championship winner Nico Rosberg's venture capital firm closes $100m Fund III appeared first on AltAssets Private Equity News.
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Your life insurance monthly premium can start looking less and less appealing once you've retired. It's a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own parents. "The cost of the insurance had risen to the point where it was getting unaffordable. They were wondering do we really need to keep this coverage now that the kids are all grown up?"
If you stop paying your premiums, you lose your life insurance coverage, and your heirs wouldn't get anything back for what you've paid in. If you cancel a policy that has cash value, a reserve of money built up in some types of life insurance, the insurer sends you a check for that amount, though it will be far less than the listed death benefit.
Over the past 20 years, a third option went mainstream: selling your policy to a company, a practice known as a life settlement, with the buyer getting the death benefit when you die.
SEE MORE Don't Fall for That Life Insurance Ad on TV
"It's kind of morbid when you think about it. A group buys boatloads of policies from people that have fallen on hard times and can no longer afford their insurance," profiting from the seller's death, says Simon. "In theory, they want you to die tomorrow. If you live another 20 years, it's a bad investment for them."
Selling a life insurance policy generally isn't a great deal for you either, and there are better alternatives worth exploring. Simon finds that people typically turn to selling a policy when they're desperate. Usually, it's because they've spent down their other retirement assets, or they might be dealing with high medical bills. "It's a measure of last resort, like taking a reverse mortgage. I rarely see them working out well for people, and they could en
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