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...However, it was running short of cash and needed as much as $400mn in fresh funding to have a chance of emerging viably, the people said....
...“2023 was a big year. We hit dual milestones of $1tn in payment volume and being cash flow positive,” said John Collison, Stripe’s co-founder and president....
...That has concentrated VCs’ minds on distributing cash to investors rather than amassing paper gains....
...An all-cash $26bn bid by Apollo for Paramount was rejected recently, and since then four members of the Paramount board have withdrawn their names for re-election in June....
...“Public pension funds have for many years poured money into private equity on the premise that it was high-return and low-risk while illiquidity was deemed not to be an issue,” said Richard Ennis, co-founder...
...For more than a decade, the rate of interest investors could receive from holding their money in cash was negligible....
...The beleaguered jet maker reported first-quarter results this week: its cash balance had fallen to just $7.5bn after recording a three-month free cash flow burn of $4bn....
...Its $3.9bn of free cash outflow was almost five times outflows of $786mn for the same period last year, though slightly lower than the $4bn-$4.5bn it had warned of in March....
...Rob Stallard, analyst at Vertical Research Partners, said Boeing’s cut to its free cash flow guidance was an “overdue recognition of the situation it is in”....
...To the degree that banking is the business of distributing money — gathering capital at one price, lending it at another — it is a commodity business....
...The company this week reported burning almost $4bn in cash in the first quarter....
...Consultancy Bain & Co has warned of a “towering backlog” of companies that must be sold so cash can be returned to investors such as public pension funds which have become overexposed to unlisted investments...
...Entities that hold $4bn of the co-working group’s pre-bankruptcy debt — including SoftBank, WeWork’s biggest backer — will receive the remaining 20 per cent of the company....
...The company’s overall reported profits and cash flows were not affected, ADM said....
...New RNC co-chair Lara Trump, the ex-president’s daughter-in-law, told NBC that Republican donors could “opt out” of contributing to Trump’s lawyers....
...They used their “collective wisdom and ingenuity” to decide what to do with the cash, ultimately distributing it between four local charities....
...Bain & Co’s latest private equity review gives a longer answer. This was expertly covered in MainFT upon release, but we thought we’d take the chart-curious through an extended parsing of the report....
...It burnt through almost $4bn in cash in the first three months of this year after it slowed production and paid customers $443mn in compensation after the blowout in January....
...J&J was valued at $367bn, as of market close in New York on Thursday....
...Steiner, who was paid almost £2mn last year, co-founded the company with two other Goldman Sachs executives during the dotcom bubble of the 2000s....
...Two-thirds of the proceeds would pay cash to common shareholders and the remainder used to reduce Paramount’s debt....
...In a similar vein, Citadel Securities was always seen as a retail market maker in cash equities and equity options but has made huge strides in the institutional market, leveraging existing technology, talent...
...“Breit covered more than 95% of 2023 distributions with cash flow from operations....
...Card usage at the time was as little as 5 per cent of all transactions but soon became the main way to bypass the cash limits — a development that also boosted tax revenues because card payments leave an...
...While some of the flourishing number of funds can take in alternative private sources of investment, such as philanthropic cash, most legally cannot....
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