BeBeez roundup with eToro support about the performances of private capital firms listed on global exchanges.
Milan-listed Tamburi Investment Partners (+3.2%) and French Wendel (+3%) posted the best performance among the 45 private capital stocks that BeBeez and eToro monitor on Trading Floor.
Bonds yields and market interest rates have been stable in the week that ended on 20 June, Friday as Donald Trump’s Administration showed reluctance in providing Israel with military support for its attack on Iran that the US voters would not support. The President of USA is opting for carrying on a moral suasion on Teheran leaders for abandoning their nuclear energy development plans.
The FED kept the interest rates unchanged with a wait and see approach ahead of deciding on the ground of the next labour market data. However, given the general uncertainty about the US economy, market operators started to give more attention to euro-denominated equities and bonds. Analysts believe that this trend may continue in the coming months.
TIP benefited from a limited buyback involving just over 113000 worth little below 0.9 million euros. The lightning-fast placement of the 110 million reopening for the Dublin-listed 290.5 million bond issued in June 2024 at a fixed rate of 4.625% and maturing in June 2029 also buoyed the investors interest (press release and previous post by BeBeez).
Paris-listed Wendel, an investment holding of the eponymous family, received a quarterly dividend of 0.25 US Dollars from US mid-market private debt firm Monroe Capital (press release) of which it owns 75% since 2024 (press release).
Venture debt player Runway Growth Finance posted a good performance after Buy and Strong Buy advice of some broker.
Oaktree Capital Management’s subsidiary Oaktree Specialty Lending Corp (-43%) implemented a 27% cut in dividends payable on 30 June, Monday. The firm has credit quality problems that required significant provisions and write-downs. Oaktree parent company is the owner of Milan football team Inter FC.
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