BusinessBusiness Software

Accel-KKR Invests in Phocas Software to Boost Middle-Market BI and FP&A Solutions

Phocas Software, a leading provider of business intelligence and financial planning solutions, has secured a strategic majority investment from technology-focused firm Accel-KKR. The funding aims to drive product development and global expansion for middle-market companies.

Strategic Investment to Drive Innovation

Technology-focused investment firm Accel-KKR has made a majority equity investment in Phocas Software, according to reports from both companies. Sources indicate the investment will fuel accelerated product development and market expansion for the business intelligence and financial planning platform serving middle-market companies.

BusinessPersonal Finance

Wall Street’s Private Credit Debate: BlackRock’s Boom vs. JPMorgan’s Bust Warnings

In Wall Street’s private credit arena, BlackRock’s Larry Fink is “giddy” over record fees, while JPMorgan’s Jamie Dimon spots “cockroaches” of risk. This clash highlights the boom-or-bust nature of non-bank lending, with implications for AI, tech, and global finance.

The world of private credit on Wall Street is sparking a fierce debate, pitting optimism against caution as firms like BlackRock and JPMorgan stake opposing claims. On one side, BlackRock’s CEO Larry Fink celebrates soaring profits from direct lending, while JPMorgan’s Jamie Dimon warns of lurking dangers, comparing potential blowups to an infestation of “cockroaches.” This divide underscores the high-stakes nature of non-bank lending, where one firm’s triumph can signal another’s trepidation.

BlackRock’s Bullish Stance on Private Credit