BeBeez Trading Floor roundup with eToro support about the performances of private capital firms listed on global exchanges.
During a week in which the minutes of the Federal Reserve’s latest FOMC meeting reinforced the expectations of a US interest rate rise in September, while the European Central Bank is maintaining a similar stance, private capital stock did not follow an uniform trend, highlighting investors’ keen focus on the specific fundamentals of each operator.
NYSE-listed KKR Real Estate Finance Trust (+4.2%) operates in a riskier sector of the private credit market but benefited from dividend yields of around 11% after falling by almost 8% over the last six months and recently coming under heavy selling pressure (see here a previous post by BeBeez). Other factors contributing to the share’s performance include the stabilisation of expectations regarding the mortgage sector, as well as the covering of short positions in the share.
NYSE-listed Carlyle (+4.4%) attracted the traders’ money after the sale of data center manager and renewable energy company Copia Power to EQT (press release). Market rumours say that the vendor fetches 2.6 billion US Dollars or 5X the initial investment.
NYSE-listed Ares Management Corporation (+4.2%) that benefited from the exposure of its evergreen funds to corporate private credit, which is not tied to the property market, where market sentiment is improving following the AI-related fears of 1Q26 (see here a previous post by BeBeez).
Bank of America downgraded NYSE-listed Goldman Sachs BDC (-7.9%) to ‘Underperform’ as the firm’s portfolio is experiencing an increase of non-performing loans with interest payments in arrears (non-accrual), weight gain of PIK credits (Pay in Kind which provide for a refund of principal and interest at maturity) that indicates growing difficulties for debtors. BofA analysts also think that Goldman Sachs BDC 15% dividend yield is unsustainable given the recent trend in interest income, which exposes investors to the risk of future cuts.
Frankfurt – listed Mutares (-5.4%) and Milan – listed Tamburi Investment Partners (-4.4%) plummeted after profit takings sales.
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