The collapse of a major US bank doesn’t come as a surprise given the current macroeconomic backdrop with the recent strong and fast rise in interest rates. In this context, the failure and closure of Silicon Valley Bank (SVB) will not be the last significant bank,...
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At KFP we have always advocated substantially higher weights to alternatives than most wealth managers. To us alternatives are defined as private equity, venture capital, real estate, private debt and hedge funds. In a well-diversified portfolio, alternative investments can provide the bulk of your returns. This...
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MEDZnMORE, a Pakistani health-tech startup, has raised $11.5 million in a pre-Series A round, the largest investment in health-tech to date. After raising $2.6 million in September 2020, the total funding raised since inception has surpassed $14 million. According to MAGNiTT, MEDZnMORE plans to use the...
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We are pleased to announce that one of our investments, NerdWallet, the personal finance website founded in 2009, went public this month. The company recorded $182 million in revenue in the first six months of 2021, representing YoY growth of 32%. NerdWallet generated $5...
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We are excited to see Hippo going public in a merger with Reinvent Technology Partners Z and a deal that values the insurance technology company at $5 billion. Our families invested at a $1.5 billion valuation and stage where capital was needed to support...
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