ADVANCING A TREASURY-FIRST MINDSET. "I've never seen so many high-profile treasurers in one place!" noted Laurence A. Tosi during yesterday's NeuGroup virtual session. He drew us all in and helped inspire everyone interested in advancing a treasury-first mindset, establishing it earlier and more strategically within companies looking to signal their financial maturity--ahead of an IPO, a spin, a funding round, or a credit decision. As LT explained, a treasury-first mindset starts with getting control of, visibility over, and the ability to forecast cash. If you have the right data and infrastructure, including processes and technology, the value you can add is substantial (e.g., investing your excess cash for a better return with lower counterparty risk) and can grow from there (funding with free cash flow beats the cost of equity by a significant margin). A big thank you to LT for sharing his perspective on this topic from his experience across Merrill Lynch, Blackstone (including the establishment of their Treasury Solutions Fund), as CFO of Airbnb, and now with WestCap, where treasury-first is a big part of their "operating equity," knowledge sharing and alpha creation strategy, including for IPO readiness (supported by Jeff Mullen and Christopher Rogan). Through its investment in the company, WestCap has made the Treasury4 technology platform part of its plan to provide growth companies with the infrastructure to think treasury first. NeuGroup alum Ed Barrie also starred in our session. Ed's vision related to the data needed for a treasury-first mindset and the infrastructure required to process and analyze it is as compelling as any I have seen. He formed this vision while performing treasury roles at Microsoft, Itron, Inc., and Tableau--each at a different growth stage and level of treasury maturity--plus sharing and learning with peers as a NeuGroup member. He has now acted to see it realized as a co-founder of Treasury4. Ed also represents one of the three NeuGroup member constituents this session was meant to serve: 1) members (and alumni) who become treasurers of post-IPO companies that waited (perhaps too long) to develop a treasury-first mindset; 2) members/alumni who go on to become CFOs of pre-IPO companies who find their colleagues too distracted by other priorities to think about treasury first and 3) members tasked to help ready a business to spin off, who are not given enough time to set up a proper treasury for it, much less add value to the newco before the spin to achieve a higher valuation with a treasury-first mindset. Many members and alumni from these three cohorts were in the virtual room yesterday. I thank you all for sharing your perspectives so we can work together to change mindsets. I encourage you to continue sharing so more can learn to #ThinkTreasuryEarlier and #ThinkTreasuryFirst.
Joseph Neu’s Post
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How control, visibility, and accurate cash forecasting can unlock substantial value for better returns and lower counterparty risk – and the data required to do that -- were just a few of the key insights from WestCap’s Laurence A. Tosi & T4’s Ed Barrie at this week’s NeuGroup session “Advancing a Treasury-First Mindset.” With experience spanning top firms like Merrill Lynch, Blackstone, Microsoft, and Airbnb, Laurence and Ed shared invaluable lessons and offered a roadmap for treasury leaders to execute a treasury-first approach. Check out session highlights in Joseph Neu’s post below. #treasury4 #treasurymanagement #CFO #cashmanagement #financeandaccounting #financialservices
ADVANCING A TREASURY-FIRST MINDSET. "I've never seen so many high-profile treasurers in one place!" noted Laurence A. Tosi during yesterday's NeuGroup virtual session. He drew us all in and helped inspire everyone interested in advancing a treasury-first mindset, establishing it earlier and more strategically within companies looking to signal their financial maturity--ahead of an IPO, a spin, a funding round, or a credit decision. As LT explained, a treasury-first mindset starts with getting control of, visibility over, and the ability to forecast cash. If you have the right data and infrastructure, including processes and technology, the value you can add is substantial (e.g., investing your excess cash for a better return with lower counterparty risk) and can grow from there (funding with free cash flow beats the cost of equity by a significant margin). A big thank you to LT for sharing his perspective on this topic from his experience across Merrill Lynch, Blackstone (including the establishment of their Treasury Solutions Fund), as CFO of Airbnb, and now with WestCap, where treasury-first is a big part of their "operating equity," knowledge sharing and alpha creation strategy, including for IPO readiness (supported by Jeff Mullen and Christopher Rogan). Through its investment in the company, WestCap has made the Treasury4 technology platform part of its plan to provide growth companies with the infrastructure to think treasury first. NeuGroup alum Ed Barrie also starred in our session. Ed's vision related to the data needed for a treasury-first mindset and the infrastructure required to process and analyze it is as compelling as any I have seen. He formed this vision while performing treasury roles at Microsoft, Itron, Inc., and Tableau--each at a different growth stage and level of treasury maturity--plus sharing and learning with peers as a NeuGroup member. He has now acted to see it realized as a co-founder of Treasury4. Ed also represents one of the three NeuGroup member constituents this session was meant to serve: 1) members (and alumni) who become treasurers of post-IPO companies that waited (perhaps too long) to develop a treasury-first mindset; 2) members/alumni who go on to become CFOs of pre-IPO companies who find their colleagues too distracted by other priorities to think about treasury first and 3) members tasked to help ready a business to spin off, who are not given enough time to set up a proper treasury for it, much less add value to the newco before the spin to achieve a higher valuation with a treasury-first mindset. Many members and alumni from these three cohorts were in the virtual room yesterday. I thank you all for sharing your perspectives so we can work together to change mindsets. I encourage you to continue sharing so more can learn to #ThinkTreasuryEarlier and #ThinkTreasuryFirst.
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Helping Financial Advisors put Their Practice Management on STEROIDS. Performance Coach, Trainer, Author, Keynote Speaker, Industry Expert and Managing Partner at Advice2Advisors
Financial Advisors, Planners & Managers: If you're a believer in capitalism and innovation, you're very likely an avid equity investor. This chart is a good historical perspective that supports your beliefs. It would also be a good tool to forward to clients and prospects. Perhaps this rationalizes why I've never been able to personally invest in bonds, gold or cash for the long term.🎯 ____________ To learn more, contact us at: www.advice2advisors.com We've been helping FAs and their firms excel for over 30 years. #wealthmanagement #investmentadvisor #financialplanners #insuranceadvisor #financialadvisors #advice2advisors #CFP
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9TedX | 150+ speeches | 4 M+ followers social media |Angel Investor | 103 Awards |Investor|Author| Youtuber
Larry Fink : BIGGEST Finance Guy... Larry Fink and BlackRock have become big names in finance by using smart financial strategies and computer technology to make successful investment decisions. Introduction: Larry Fink, the founder of BlackRock, has become a big player in finance. This paper looks at how Larry Fink and BlackRock became so powerful in the world of finance. 1. The Start of Something Big: Larry Fink began his journey with a big loss in 1986. But he bounced back by starting BlackRock, using his knowledge of bonds and new computer technology to make smart investments. This helped BlackRock make money, even when the housing market crisis hit. 2. Staying Strong Through Tough Times: After the loss in 1986, Larry Fink faced tough times. But he didn't give up. He worked hard to rebuild his reputation and started BlackRock. 3. Hiring the Best and Making Good Investments: Larry Fink's success comes from hiring smart people and making good investments. He worked with Steve Schwarzman, who started Blackstone, another big finance company. This helped BlackRock grow. 4. Using Numbers and Growing Big: Fink used math and computers to make good financial decisions. Even when his ideas were rejected, BlackRock's sale to PNC Bank helped it become a huge company. 5. Investing in Different Things: Fink didn't just invest in regular things. He also helped big companies like General Electric get back on their feet. He also invested in art and real estate, which made BlackRock even more successful. 6. Changes in the Financial World: BlackRock started investing in art through Masterworks. This helped people invest in expensive paintings. Even though there were some financial problems, BlackRock still wants to be the best investment company in America. 7. Handling Big Problems and Changing Finance: Fink helped save big companies during the 2008 crisis. This made him very important in finance. After the crisis, more people started investing in things like index funds and ETFs, which changed how finance works. 8. Larry Fink's Power: Today, Larry Fink is very powerful in finance. He controls a big part of the ETF market in America. He's a big deal in the global economy because of BlackRock. Conclusion: Larry Fink and BlackRock became powerful in finance by being smart and never giving up. They changed finance with their smart ideas and investments, making a big impact on the world. #investing #blackrock
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While founders are always very focus on growing and scaling their business, this “Finance 101” would be useful to endure a sustainable growth of your company.
As a start-up founder, you’ll no doubt want to craft a financial strategy that helps to captivate any potential investors. As a VC fund investing in the UK’s most exciting early stage #cleantech businesses, there’s two often overlooked, yet critical, problems that we see emerge: over-dependence on a single banking institution and inadequate control procedures. Our expert Chief Financial Officer, Gemma Fong, has written this latest article to explore these common issues, shed light on the risks and to offer practical solutions that you can put into practice today. Finance 101: https://bit.ly/3JdsMte #StartUpStrategies #FinancialResilience #impactinvesting #venturecapital #climatetech
Finance 101 for Founders - Clean Growth Fund
https://www.cleangrowthfund.com
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Founder and Chief Executive Officer | Private Wealth and Asset Management Leader | Audent Global Asset Management
Advisor 3.0 has a nice ring to it! How are you evolving to help your clients for the better? This Nasdaq article has some great insights. #financialplanning #wealthmanagement #investments
The Financial Advisor of the Future: Are You Ready?
nasdaq.com
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Unlocking Value in Private Equity: Treasury Optimization as the Strategic Lever in the New Era of Operational Value Creation. Please read this interesting article written by my colleagues Pieter Kraak and Lou G. or contact dedicated partner in this area Job Wolters. #Treasury #Value #Private #Equity
Unlocking Value in Private Equity: Treasury Optimization as the Strategic Lever in the New Era of Operational Value Creation - Zanders
zandersgroup.com
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💡 𝗛𝗼𝘄 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗘𝗾𝘂𝗶𝘁𝘆 𝗙𝘂𝗻𝗱 𝗙𝗲𝗲𝘀 𝗔𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗪𝗼𝗿𝗸: [Goldman Sachs Deck Example 👉 https://shorturl.at/uJZPc] ✅ 𝗞𝗲𝘆 𝗧𝘆𝗽𝗲𝘀 𝗼𝗳 𝗙𝗲𝗲𝘀 1️⃣ 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗙𝗲𝗲𝘀 These are annual charges (typically 1.5%-2%) on committed, invested capital, or NAV. Think of it as the cost of "keeping the lights on" — covering fund operations, GP salaries and administrative expenses. 2️⃣ 𝗖𝗮𝗿𝗿𝗶𝗲𝗱 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 ("𝗖𝗮𝗿𝗿𝘆") The famous "20" in the "2 and 20" model. It’s a performance-based fee, often 20% of profits above a hurdle rate. If the fund crushes it, GPs take a slice of the upside. 3️⃣ 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 & 𝗠𝗼𝗻𝗶𝘁𝗼𝗿𝗶𝗻𝗴 𝗙𝗲𝗲𝘀 These fees relate to deal execution and ongoing support for portfolio companies. The catch? They’re often offset against management fees, so investors aren’t “double-charged.” ✅ 𝗧𝗵𝗲 "𝟮 𝗮𝗻𝗱 𝟮𝟬" 𝗠𝗼𝗱𝗲𝗹 𝗘𝘅𝗽𝗹𝗮𝗶𝗻𝗲𝗱 If you’ve heard of Private Equity, you’ve probably heard of the "2 and 20" model. Here’s what it really means: 🔹 𝟮% 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗙𝗲𝗲 This % is applied to either committed or invested capital. On a $1B fund, that’s $20M per year before any deals are done. 🔹 𝟮𝟬% 𝗖𝗮𝗿𝗿𝗶𝗲𝗱 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 If the fund earns $100M in profits above the hurdle, GPs take $20M — aligning their incentives with investors. PE fees come down to management fees, carry, and transaction fees — with "2 and 20" at the heart of it. GPs get paid to manage, rewarded to win, and sometimes charge for the ride. Understand the structure, and you’ll know who’s really making money. 📩 𝗝𝗼𝗶𝗻 𝟮𝟱𝗸 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗯𝗿𝗼𝘀 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝘄𝗲𝗲𝗸𝗹𝘆 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀: https://shorturl.at/1kUaZ
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Global CFO / CBO I Finance Strategist, Growth Hacker, Digital Transformer, Fund Raise, IPO, M&A, Valuation, Fin modelling, Tax, TMT specialist, Startup Advisor I CA, CMA, CMA (UK), CGMA, Kellogg School of Management
Unlocking the Vault 🔓: The Multifaceted World of Treasury Departments The engine room 🏭 of any organisation, often shrouded in mystery: the Treasury Department. Far beyond mere cash management, it's the strategic heart pumping lifeblood 💓 into every corner of the business. Diverse Functions, Singular Aim: - Risk Management: Navigating the financial market's volatility with the precision of a seasoned captain 🧭. - Liquidity Management: Ensuring cash is always at the ready, like a well-oiled machine 🪙, to meet the company's commitments. - Fundraising: The art of securing the golden ticket 🎟️ for growth, without compromising future stability. - Credit Ratings: A complex dance 💃 with rating agencies, where every step impacts the company's borrowing costs and investment appeal. - Stakeholder Management: Juggling the expectations of investors, employees, and partners with the finesse of a diplomat 🌐. Key Success Markers 🏅: The hallmark of excellence? Not just survival, but thriving in the unpredictable seas of global finance. Adept at forecasting, with an eagle's eye for detail and an unshakeable ethical compass. Innovation in strategy, transparency in communication, and resilience in adversity are non-negotiable. Navigating the Storms ⛈️: Risk and liquidity management are the twin pillars holding up the sky. Predictive analytics, a thorough understanding of market trends, and robust contingency planning are the shields against unforeseen tempests. Areas of No Compromise 🚫: - Compliance and Ethical Standards: The bedrock of trust and integrity. - Continuous Learning: Staying ahead in a world where change is the only constant 🌍. - Technology Adoption: Leveraging cutting-edge tools for sharper analysis and decision-making 🧪. In the ever-evolving landscape of finance, the Treasury Department stands as the guardian of stability and the architect of growth. It's a balancing act of monumental proportions, requiring a blend of analytical prowess, strategic foresight, and unwavering commitment. Are you fostering these capabilities within your Treasury team? Hi, I am Asheesh Chatterjee a CA, CMA (India & UK) and an alumnus of Kellogg School of Management, I love talking about building blocks for the next level of growth and excellence #CEO #CFO #CHRO #Treasury #Finance
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The work in #finance is often shown on the #BigScreen as #brokering high-powered #deals or making split-second #StockMarket decisions. In reality, the world of finance has many different roles requiring varied #skills.
Book Review: ‘Trillions’ highlights the rise of a career in finance away from the beaten path
economictimes.indiatimes.com
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Act Financial IPO… Our firm, Zilla Capital, has been mandated as the lead arranger for the IPO of Act Financial few months ago. The info has gone public and many people sent to me asking about the IPO and its details. I didn't have much to say given I am not involved in the transaction plus the process of preparing the IPO valuation and documentation was ongoing. Now, the process is nearly done and the company will go public soon, so I can share some info about the company. I have personally gotten the chance to get through the company background, documents and financials and Act Financial is definitely a success story in the Egyptian capital market. We are very happy to support the growth and expansion of this success story by helping the company go public and raise capital to increase its capital base and grow its business further. The final details of the valuation of Act Financial and the mechanics of the IPO have been published in the public subscription notice, which has been released today. In general, any IPO in the Egyptian stock market at the moment is a big event that is worth celebrating after few very tough years in the market. And definitely the IPO of a successful company is an even bigger event. Act Financial has a differentiated business model, an experienced management team and a solid track record, making it the envy of the financial sector in Egypt. Act Financial has made a total of 8 investments over the last few years and has managed to successfully do 5 full exits and one partial exit in the likes of SODIC, CI Capital, Beltone and others, yielding an annual IRR of 50% over the period of 2015-2023. For people interested to get to know more about the company, here is the investment teaser. Besides, investors interested to understand more about the company can get into private calls with Zilla Capital Investment Banking Team and Act Financial Management Team to get answers to any of their inquiries. If interested to get into such calls, plz register through the following link: https://lnkd.in/d8HCiKSm If you have specific inquiries about the IPO, you can send to the following email: [email protected] In the coming few days, I will be sharing more info as we get closer to the IPO day. Just a note, IPOs have always been good opportunities for making returns given shares get listed at discounted prices and stock market investors crave for such opportunities. Having said so, this stays to be a stock market investment and the stock can always go up or down once listed for all the reasons in the world. Hopefully this IPO gets to be a successful one and would pave the way for many more IPOs in the market. #actfinancial #ipo #egx
