B. Riley Financial’s Post

When it comes to the middle market outlook, this year mirrors last year, but opportunities still exist for those willing to get creative with deal structuring, says Nick Stewart, Partner of the Investment Fund Group at Duane Morris LLP. What does he think the future holds for middle markets? Nick suggests they are watching for potential shifts if there’s a reduction in interest rates. Sellers are eager to enter the market, and buyers have significant capital to invest—$1 trillion domestically and $2.5 trillion globally. Additionally, with trillions set to transfer over the next two decades and only 40% of private businesses having succession plans, there’s a huge opportunity for strategic relationships and investments. Nick also discussed the impact of the next generation on private equity and succession planning, highlighting the importance of long-term, patient relationships in navigating these changes - from the sidelines of our 12th Private Equity Forum in NYC. #MarketsGroupPE Paloma Lima-Mayland April Galletly Stackhouse Meghan Hazen, DES Becky Christmas Roberta Dalla Nawshad Noorkhan Francine Didziakas Cabanas Kendra Nicholls, MSc Talita Quirino Doina Roibu Matthew Sowinski Victoria Cepeda James Garnett Ana Sousa Courtney McQuade Beatriz Salsinha John Paul Zajas Karly Congero Harriet Oakley Camille Cross Natasha Guzman Paul Hamann Andres Ortiz Patrick Egan William Lim

Honoring the legacy of American leadership, Legacy Financial Partners celebrates Presidents Day with gratitude for the visionary foundations laid by our nation's esteemed presidents, fostering unity, progress, and prosperity for generations to come. - - Securities and advisory services are offered through Madison Avenue Securities, LLC. ("MAS"), Member FINRA & SIPC, and a Registered Investment Advisor. Legacy Financial Partners and MAS are not affiliated entities. - #LFPFinancial #FinancialPlanning #WealthManagement #Investing #RetirementPlanning #FinancialAdvice #MoneyMatters

"This is the story of how Steve Schwarzman, CEO of the world’s largest private equity firm, Blackstone, nearly got fired 🔥 in his first year working in banking. "In the past two years, Steve took approximately $2bn 💰in total compensation from Blackstone." But here's the story of how he almost got fired in his first year at Lehman Brothers—and the lesson that shaped his success." Early in his career, while working on a deal with Eric Gleacher, a no-nonsense ex-Marine who had just become a partner at Lehman Brothers, were headed to St. Louis to pitch a major deal. Steve had prepared all the financials, but as they reviewed his work on the plane, Eric grew concerned. Steve had made a significant mistake—an error that affected half of the presentation. Eric, though calm, didn’t sugarcoat it. “This is a mess,” 🥴 he said, “but we’ll present anyway. Tear out the bad pages, and I’ll talk us through the rest.” Steve was relieved—until he realized during the meeting that he had mistakenly torn out the good pages, leaving the presentation incomplete.😱 Eric managed to salvage the meeting, but the silence on the way back was heavy. Just before boarding the plane home, Eric turned to Steve and said, “If you ever do that to me again, I’m firing 🔥you on the spot.” That tough experience at Lehman Brothers became a foundational lesson for Steve. He learned that finance like any craft... 💡 Demands mastery of even the smallest details: Mistakes, no matter how small, can have huge consequences. 💡 Practice makes perfect: It’s through repetition, practice, and making early errors that professionals truly learn their trade. I remember my own boss, Abi, an ex-Merrill Lynch investment banker who taught me financial modeling and valuations, used to say... "Sameer, in banking 99% correct is 100% wrong."😂😂😂 #Leadership #CareerGrowth #Finance #CFA #investmentbanking🚀

This Final Four Team Isn’t a Long Shot. It’s a 23,512-to-1 Miracle. N.C. State's triumph over staggering odds to secure a spot in the Final Four transcends the realm of collegiate basketball, presenting a profound commentary on achievement against the backdrop of immense challenges. This narrative isn't merely about athletic success; it's an exploration into the depths of human potential and the power of unwavering dedication.    As someone who leads a firm and leads transactions from the trenches, I see in N.C. State’s journey a compelling illustration of how, even in the most daunting situations, a combination of preparation, strategic execution, and sheer will can pave the way to outcomes that seem beyond reach. Their story reaffirms that the limits of success are not predefined but are instead extended by our collective efforts to surpass them. Sometimes it is our collective sheer will among our legal team and other industry participants that gets deals over the finish line done, approval to list on a national exchange or to obtain a successful outcome that many initially thought to be out of reach.    https://lnkd.in/eJnhnuii                                                                                                         Whether our clients engage in an Uplist, Cross-list, Direct List, #SPAC, de-SPAC, Merger, #ReverseMerger or #IPO through a private placement, firm commitment underwriting, Reg A or otherwise, Lucosky Brookman is at the forefront of sophisticated OTC and Senior Exchange Listed Transactions. #ipo #lucoskybrookman #nyse #nasdaq #cboe #lucbro Lucosky Brookman LLP Joseph Lucosky

Happy 4th of July from all of us at Westlake Securities! 🇺🇸🎉   Today, we celebrate the freedoms that define our great country. We wish you a safe and joyful holiday with your loved ones!   #FourthofJuly #IndependenceDay #USA #InvestmentBanking #MergersAndAcquisitions #CapitalRaising #FinancialAdvisory #Growth

We are pleased to welcome Damian Jacobs, Partner, Kirkland & Ellis, as a speaker on "Navigating Opportunities in Secondaries" Roundtable on May 23, 2024; RSVP / Learn more here: https://lnkd.in/g2EGV8p7 Damian's co-speakers include: Darren Schluter, PJT Partners Veena Isaac, Apollo Global Management, Inc. Kenneth Blazejewski, Cleary Gottlieb Steen & Hamilton LLP Matthew Heinz, Lockton Moderated by Alex Kasdan, Convergence The secondaries market is expected to maintain strong growth trajectory in 2024, across both the GP- and LP-led transactions, driven in part by continued lack of traditional liquidity, high interest rates, geopolitical uncertainly, the valuation disconnect, and opportunity to diversify and generate significant investor returns. The panel will discuss market opportunities in secondaries, transaction structures, capital availability and mitigation of transactional risk with insurance, as well as address questions from the audience. #secondaries #deals #mergersandacquisitions #privateequity #liquidity #structuredfinance #hedgefunds #distressedassets

#BerkshireHathaway 2024 Shareholders Meeting: Berkshire Hathaway's annual meeting is scheduled for May 4, where #WarrenBuffett, also known as the Oracle of Omaha, will address inquiries following the company's first-quarter earnings announcement. This is the first Annual General Meeting (AGM) without Buffett's long-time friend and partner, #CharlieMunger, who passed away last year. Munger and Buffett were known for their cleverness and wisdom, and his well-known phrase "nothing to add" will be missed. With Munger no longer present and Buffett at 93, there's curiosity about who will lead Berkshire in the future. Abel and Jain, who became vice chairmen in 2018, have taken on greater responsibilities. Berkshire will announce its first-quarter earnings shortly before the AGM. Investors are waiting for Berkshire's Form 13-F, which reveals changes to its investment portfolio in the first quarter. Berkshire's acquisition of a mystery stock late last year, which was kept confidential from the #SEC, is particularly fascinating. #BerkshireHathaway #WarrenBuffet #AnnualGeneralMeeting #AGM #Investors #BerkshireForm13F #thebusinesscorridor Read here: https://lnkd.in/gDqVXPMr

KKR CFO Robert Lewin: Secondaries are “not a need-to-have for us”. In the firm’s earnings call, Lewin said the firm is “perfectly comfortable” focusing on the businesses that it is already present in. #Secondaries #Secondary #SecondaryMarket #AlternativeInvestments #PrivateMarkets #KKR https://lnkd.in/eKNNnUgU

Phil's advice? Keep it liquid if you can. With the exception of Berkshire Hathaway's recent acquisition of Chubb, Warren Buffett alluded to the fact that the pickings are slim when it comes to great companies at great prices on the market right now. Listen in for Phil's takeaways from the 2024 Berkshire Hathaway Annual Meeting.

Have a hot cup of #coffee or #tea. Lean back in your #chair and have a deep think. What made Rothschild a great name in #finance? The #people. You would be more inclined to #invest if their #advisors were Rothschilds. Would you invest in a Rothschild company if nobody there was a Rothschild? Where the advisors were Jim Stalk, Pierre DeSange, Andrew Black, Mona Lotte...would you have a lesser perception? #People #value #HumanAsset