Blackstone Inc
Stocks making the biggest moves premarket: Netgear, Jefferies Financial, Apollo Global & more
Check out the companies making headlines before the bell: Netgear — The San Jose, Calif.-based maker of WiFi routers and network switches surged 11% after the Federal Communications Commission (FCC) banned all imports of consumer routers made abroad, saying they pose national security risks. Jefferies Financial Group — Shares of the investment bank rallied nearly […]
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Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund
Key Points Apollo’s $15 billion private credit fund received withdrawal requests equal to 11.2% of shares — more than double its 5% quarterly cap — and will return just 45 cents on the dollar to investors. Unlike rivals including Blackstone, which recently relaxed redemption limits to meet investor demand, Apollo is holding firm at the […]
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Stocks making the biggest moves premarket: Delta Air Lines, Carnival, Chevron & more
Check out the companies making the biggest moves premarket: Airlines — Shares of Delta Air Lines , United Airlines and Southwest Airlines surged more than 4.5% on news that the U.S. strikes against key energy infrastructure in Iran would be halted. The group struggled after the war on concerns of what it would do to […]
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Real estate could be the big winner in the private credit exodus
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Barely […]
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Bain Capital taps buyer interest for Bridge Data Centres, offering up to 70% stake, sources say
Bain Capital has started reaching out to potential buyers for its stake in Bridge Data Centers, according to two people familiar with the matter, as the private equity firm eyes exits amid rising demand for AI infrastructure. Citigroup and JPMorgan are running the sale process and have sent out preliminary marketing materials to investors to […]
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Orlando Bravo pushes back on private markets criticism: ‘Everybody’s extremely comfortable’
Key Points “We have been living in the details of the space for a very, very long time, not on a high level, not investing in stocks, [but] investing in companies, customer contracts, knowing the details. So, yes, as a sector specialist in private equity, our companies are very, very different,” Bravo said. His comments […]
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Orlando Bravo says some software names hit by AI deserve a valuation cut
Thoma Bravo co-founder Orlando Bravo on Tuesday said that artificial intelligence will disrupt software companies faster, and some of the hits to valuation are “very warranted.” “There are many, many software companies in the public markets that will be disrupted from AI,” he told CNBC’s Leslie Picker at Thoma Bravo’s investor meeting in Miami. “Those […]
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Private credit’s ‘off-ramp’ emerges as investors look to cash out and default fears grow
Key Points Semi-liquid private credit vehicles have curbed withdrawals as investors scramble to withdraw their money. A “robust and growing” secondaries market could help ease pressure amid concerns over squeezed liquidity. Private credit investors may have a potential “off-ramp” as pressure to cash out of the $3 trillion industry grows. Asset managers in the sector, […]
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Apollo’s John Zito questions private equity’s software valuations: ‘All the marks are wrong’
Key Points Apollo executive John Zito said private equity firms are broadly misstating the value of their software holdings, telling UBS clients last month that “all the marks are wrong.” Zito warned that lenders to smaller software companies could recover as little as 20 to 40 cents on the dollar, implying deep losses. Apollo sought […]
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Blackstone is a major seller in January commercial real estate deals
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. After […]
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