• Aug 28, 2024

NEA quietly reenters the secondaries market

New Enterprise Associates (NEA) is getting back into the secondaries game. The Silicon Valley-based VC raised more than $468 million for NEA Secondary Opportunity Fund, according to an SEC filing. The fund raised capital from more than 60 limited partners including the San Francisco Employees' Retirement System, which committed $20 million to the fund, according to meeting documents.

  • Aug 28, 2024

Fed's Bostic: it is 'time to move' on rate cuts, but wants to be sure

Bostic said he will want to see confirmation from the monthly jobs report and two inflation reports due before the Fed's Sept. 17-18 meeting that the economic trends are continuing. "I don't want us to be in a situation where we cut, and then we have to raise rates again: that would be a very bad outcome" because it would undermine people's confidence in the Fed, he said at an event organized by the Stanford Club of Georgia and the Stanford Black Alumni Association–Atlanta. The Fed has kept its policy rate in the 5.25%-5.50% range for more than year to bring down high inflation.

  • Aug 28, 2024

Influencer Marketing’s Brewing Hangover

A judge’s ruling in a suit against influencers who marketed vodka but allegedly didn’t disclose the business relationship could encourage more consumer lawsuits.