Carlyle Group Inc
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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Why Trump has his sights on Iran’s Kharg Island — and what it means for the oil market
A general view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast in the Persian Gulf and 483 km northwest of the Strait of Hormuz, in Iran on March 12, 2017. Fatemeh Bahrami | Anadolu | Getty Images President Donald Trump’s order to strike Iranian military assets on Kharg Island […]
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Bosa/Wu: Private equity is about to eat its own software portfolio
Editor’s note: The following article is a commentary on some of the top trends in technology and its broader impact. The technology to disrupt enterprise software already exists. What’s been missing is the forcing function. A potential tie-up between artificial intelligence and private equity could be exactly that. The Information reported Wednesday that Anthropic is […]
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Stocks making the biggest moves premarket: Bumble, Hims & Hers Health, Blue Owl, Netskope & more
Check out the companies making headlines before the bell. Bumble — Bumble shares popped about 21% after the dating app reported strong adjusted EBITDA and revenue results for its fourth quarter. Its first-quarter adjusted EBITDA guidance also beat analyst consensus expectations, per FactSet. Netskope — Shares of the security and networking company plunged 17% on […]
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Boaz Weinstein warns of private credit’s “financial alchemy,” says problems are multiplying by the quarter
A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. The problems in private credit are “multiplying by the quarter,” due in part to the […]
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Investors poured billions into private credit. Now many want their money back
The rush for the exits in private credit is prompting fresh scrutiny of the sector’s less-liquid structures and its rapid expansion into the retail wealth space. Blackstone has become the latest fund manager to be hit by a surge in requests from investors to withdraw from its flagship private credit strategy. The asset manager said […]
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Gulf oil trade, Pentagon’s AI usage, Gen Z’s analog obsession and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. Treasury Secretary Scott Bessent told CNBC this morning that President Donald Trump’s 15% global tariff would be implemented this week. He also said the U.S. would make “a series of announcements” to support oil trade in the Gulf. Stock futures […]
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