Earnings

Partnership to focus on hybrid, public/private and debt investing. Apollo sees strong growth in earnings from fees and spreads.

As the firm reports record AUM, executives on the earnings call say only 8% of AUM is in software lending, with strong loan-to-value ratios.

While the firm’s fundamentals were solid, investors cautious about private credit’s future punished Ares’ shares.

Recent events lead to queries about how much advantage investors receive from the ‘illiquidity premium’.

BlackRock TCP Capital Corp was hit by a string of deteriorating credits, including Renovo.

Silver Point partner writes that serial acquirers can overstate growth and camouflage costs.

Lawyers from the PDI Rising Stars Class of 2024 share their thoughts on the key challenges facing GPs and LPs in a rapidly changing market.

The firm’s AlpInvest secondaries unit and private wealth help power its growth in AUM, while its private equity business shrank.

Nascent fears over credit market health and lending standards weigh on the earnings of the manager, which is staking its future on ABF and retail investors.

Blackstone execs do not see recent defaults as ominous for the traditional private credit market and say they are issues for the banks, as noted on the earnings call.