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CAIS CEO Talks New Funding Round, AI's Fintech Impact

Matt Brown, Founder, Chairman, and CEO of CAIS, discussed the company's recent $170 million Series D funding round led by Vista and supported by Allianz Bernstein, Blue Owl, and Carlyle, which values the alternative asset investment platform at over $2 billion more than double its previous valuation. Brown highlighted CAIS's 37% organic growth and explained that the new capital will be used to pursue strategic mergers and acquisitions in response to ongoing fintech industry consolidation, enhance AI capabilities to improve the platform's user experience for advisers and asset managers, and provide liquidity to long-term shareholders through an institutional tender offer facilitated by Nasdaq Private Markets. He speaks with Romaine Bostick on "The Close."

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Bloomberg
Financial

Klaviyo CEO on Revenue Growth, E-Commerce Outlook

Andrew Bialecki, CEO of Klaviyo, discussed the company's recent financial performance and growth strategy following a quarter with 26% revenue growth, reaching an almost $1.5 billion run rate. Despite a sequential slowdown from previous higher growth rates, Bialecki emphasized the company's durable growth driven by a broad customer base of over 205,000 businesses, including new large clients such as Warner Music Group and the San Francisco 49ers. He speaks with Romaine Bostick on "The Close."

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Bloomberg
Financial

Senate Set To Go On Recess As Shutdown Looms

Senate Republicans are juggling demands around a stopgap funding bill, the president's nominees, Russia sanctions, college sports, cryptocurrency, and a party-line budget bill all with their eyes on the exits as the scheduled recess looms. Patrick McHenry, Former Republican Congressman from North Carolina, Former House Financial Services Committee Chairman and Bloomberg Contributor join Balance of Power to discuss.

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Bloomberg
Financial

Trump Backs Hegseth After Report of Dispute Over Stockpiles

President Donald Trump defended Pete Hegseth after a report about a disagreement over dwindling US weapons stockpiles raised questions about the Pentagon chief's future in the administration.  "I am extremely happy with the job that Pete Hegseth is doing," Trump said in a social media post Thursday. "Everything has been extraordinary, including our attack on Venezuela" and likewise in Iran, "where the country has been decimated." Richard Haass, Council on Foreign Relations President Emeritus joins Balance of Power to discuss.

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