BeBeez Trading Floor roundup with eToro support about the performances of private capital firms listed on global exchanges.
NYSE-listed private credit firms bounced back after investors sold them as their exposure to the software sector created what Jefferies branded as the Saaspocalypse due to the Artificial Intelligence thanks to the repeated statements that the sector’s senior executives released in defence of their respective groups.
Furthermore, Investors are now convinced that unlike The UK and Europe, US Economy may benefit of the volatility related with the tensions in Iran (see here a previous post by BeBeez). Furthermore, the Fed is adopting a cautious stance and is reluctant to intervene despite inflationary pressures.
Such a scenario looks ideal for private credit as interest rates are stable at a level that is not particularly low, whilst a still-healthy economy ensures the high quality of credit portfolios, many analysts say.
NYSE-listed FS KKR (+9.8%), the real estate finance of the eponymous private equity giant, benefited of the insatiable appetite for computing power and energy of AI algorithms also makes the data centres and power stations virtually risk-free investments. NYSE-listed Blue Owl (+8.7%) 1Q26 resulted beaten analysts’ expectations as net profits amounted to 15.5 million US Dollars (7.4 million in 1Q25) and the relative weigh of direct lending on the whole portfolio is less than 40% while assets under management are worth 315 billion (94 billion in 1Q21 when direct lending was 42%) (press release and presentation).
A Pitchbook venture debt report for 2024-25 said that such an asset class is increasingly financing innovative companies in the late stages of development, which are close to breaking even and therefore in a much better position to repay their debt than start-ups in the seed or early stages. Such a perspective supported NYSE-listed Runway Growth (+6.7%).
After having traded in the last months NYSE-listed Cion Investment Corp. (+6.68%) at a strong discount price on Nav, investors poured money in the firm because of its credit portfolio’s strong focus on senior secured exposures.
On the other hand, NYSE-listed Blackstone Mortgage Trust (-5%) high amount of investments in the office segment affected the firm’s market capitalization. Smart and remote working are structural factors that create an oversupply of office spaces that makes difficult for many sector players to pay their debt.
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