BeBeez Trading Floor roundup with eToro support about the performances of private capital firms listed on global exchanges.
Market participants reviewed their expectation about interest rates cuts above 25 basis points of the Fed by the end of 2026 as September data about US labour market – the first reliable figures after the Government shut down – said that the overseas economy is in good health.
The UK and the Euro area are instead neutral as high energy costs and the loss of competitiveness impact the growth rate of both.
However, London-listed private capital firm Intermediate Capital Group (+5.15) attracted the investors’ money as it released good results in 3Q25. Management fee rose by 16% from 1H25 while commissions generating assets grew by 6% and the company raised a further 9 billion US Dollars (press release).
NYSE-listed Blue Owl (+3.7%) benefited of steady rates that generated few concerns about a possible deterioration in the quality of the loans in the portfolio. However, Blue Owl’s withdrawal from the private credit fund merger Blue Owl Capital Corporation II with bigger NYSE-listed vehicle Blue Owl Capital Corporation also supported the stock price (press release). The transaction would have exposed investors in the first fund to a 20% loss, so the market prices of the second arm adjusted accordingly.
In 3Q25, the net profits of Milan-listed Tamburi Investment Partners (+2.8%) grew by 50% as it generated solid capital gains out of disposals (press release and previous post by BeBeez).
NYSE-listed Runway Growth Finance (RGF -9.9%), a venture debt firm, suffered a target price cut from 13 to 12 US Dollars by US broker Oppenheimer, which deemed the group’s latest quarterly results disappointing. However, RGF is expanding in the healthcare and biotech sectors following the acquisition of SWK Holdings. Such a deal can underweight the buyer’s exposure to the AI sector while healthcare and life sciences will make 31% of its portfolio.
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