BeBeez Trading Floor roundup with eToro support about the performances of private capital firms listed on global exchanges.
Fed’s decision to cut by 25 basis points and set yield of its Funds at 3.625% made financial markets relatively calm.
However, dovish investors expect the data-driven central bank to carry on further reductions of money cost while hawks bet on the increase of interest rates as Trump’s tariffs are keeping the inflation high.
NYSE-listed TPG (+8.5%) benefited of the dividend of 0.24 US Dollars per share that its Business Development Coporation subsidiary TPG RE Finance Inc paid. Furthermore, on 10 December, Thursday, a Bofa Securities report said that the firm’s target price is of 75 US Dollars. Analysts previously said 71 US Dollars while at the closure of trading of 12 December, Friday, the firm’s share were worth 66,9 US Dollars.
NYSE-listed Apollo Global Management (+7.2%) and Capital Power signed a Memorandum Of Understanding (MOU) (press release). The partnership will focus on the development of free market operating natural gas generation plants and require an equity commitment of up to 3 billion of which Apollo will finance 2.25 billion.
NYSE-listed KKR (+5.6%) signed an agreement with British private banker Quilter Cheviot (139 billion GBP of aum). The UK’s the HNWI unit (28 billion GBP under management) will handle the distribution of the US private capital firm’s evergreen products (press release).
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