ACG Capital Connection

Partners Ted Clarkson, Mike Stepp and Tom Swain attending the ACG Florida Capital Connection this week: http://www.acg.org/florida/

2015 Florida ACG Capital Connection held at the Ritz Carlton Amelia Island 600+ attending to discuss funding, M&A, deals, dealflow, mergers and acquisitions.

Track Three Trends In The 2016 Gartner Hype Cycle For Emerging Technologies

By Mike J. Walker Gartner, Inc. This year, while consumers tracked popular new applications for virtual reality (VR) and augmented reality (AR), CIOs and IT leaders paid attention to blockchain for its potential to disrupt currency platforms as we know them. With its ability to store multiple bank transactions in one centralized ledger, […]

Source: Track Three Trends In The 2016 Gartner Hype Cycle For Emerging Technologies

New Megaship to Join Royal Carribean Fleet

New Megaship to Join Royal Carribean FleetBy MarEx 2015-05-08 08:59:27Royal Caribbean Cruises announced yesterday that it has placed an order from Germany’s Meyer Werft shipyard for a fourth Quantum-class ship, which will be delivered in 2019.Two of the Quantum-class vessels, the Quantum of the Seas and Anthem of the Seas, both debuted within the last year in China and the UK respectively. The two vessels are tied as the third largest cruise vessels ever built, weighing in at 168,666 tons with the ability to transport 4,180 passengers at double occupancy. Currently, Royal Caribbean also holds the number one and two largest vessel positions with the Allure of the Seas and Oasis of the Seas.“[Yesterday’s] announcement is a reflection of the success of the first two Quantum-class ships,” said Richard D. Fain, Chairman and CEO, Royal Caribbean Cruises Ltd.Royal Caribbean has pegged the Quantum-class vessels as the most technologically advanced cruise ships ever built, with a completely digital check-in process and high speed internet, an industry first.Speaking on the new features and amenities available on this latest vessel class, Michael Bayley, President and CEO, Royal Caribbean International stated, “Royal Caribbean International is synonymous with adventure, and the icons and amenities on this ship will continue to challenge and expand guests’ expectations of the cruise experience.”Based upon current ship orders, projected capital expenditures for full year 2015, 2016, 2017, 2018 and 2019 are $1.6 billion, $2.3 billion, $0.4 billion, $2.4 billion and $1.3 billion, respectively.Capacity increases for 2015, 2016, 2017, 2018 and 2019 are expected to be 5.5%, 6.3%, 3.1%, 3.9% and 6.5%, respectively.  These figures do not include potential ship sales or additions that the company may elect to make in the future.The order is contingent upon the completion of customary conditions, including financing.

Source: New Megaship to Join Royal Carribean Fleet

Direct Private Equity Investments for Family Offices

With the right partners, Family Offices can benefit from direct investment in private equity transactions instead of, or as a supplement to investing in funds.

Reduced portfolio risk – historically private equity returns have exhibited lower volatility than public equity markets, so portfolios that have included an allocation to private equity, all other factors being equal, have exhibited lower return volatility as markets have gone up and down, reducing risk.

Potential for higher portfolio returns—past performance is no predictor of future performance, however private equity returns over the past 10 years were more than double the returns of the S&P 500 Index. Experts say this may be attributed to rigorous investment due diligence and basing investment decisions on compelling business models.

Reduced costs of investment—by investing directly in private equity transactions, as opposed to investing in private equity funds managed by third parties, family offices and individual investors may avoid additional layers of investment manager fees and their net equity stakes may be relatively higher.

Leveraging of resources—investors in direct private equity investments managed by experienced investment sponsors will benefit from the close attention of operating executives with deep experience in the industries represented in the portfolio companies and in all company functional areas such as finance and human resources, as well as private equity experience, knowledge of the financial markets, relationships with tier one financial institutions and successful track records of managing and growing companies.

$30 trillion in retirement assets is being allocated to private equity firms

With traditional investment managers are struggling to beat the markets, more and more of the $30 trillion in retirement assets is being allocated to private equity firms. According to investment advising firm Cambridge Associates, private equity returns have more than doubled the S&P 500’s return over the past 10 years.  For full article, click here.