BeBeez roundup with eToro support about the performances of private capital firms listed on global exchanges.
At the closure of trading of 16 May, Friday, half of the private capital stocks that BeBeez andeToro monitor on Trading Floor had weekly gains of 4%, while only four of the 45 selected equities posted losses.
The unexpectedly smoother negotiations between USA and China about international trade downplayed the fear of a recession that tariffs would create through their impact on supply chains.
Mark Dowding , RBC Bluebay head of fixed income investments, noticed that “The S&P is higher, interest rates are lower, inflation is down, oil prices are falling, the dollar is weaker, tariff revenues are up and the economy remains in full employment since Donald Trump’s election on 5 November 2024 (RBC Bluebay Report of 16 May, Friday).
This environment is beneficial to private capital stocks. In 1Q25, The Carlyle Group (+12,8%) posted a 13% growth of earnings per share (eps) and 17% of fees revenues that hit the 310.6 million US Dollars peak (press release).
Runway Growth Finance (+10.6%), an US venture debt investor, posted a 1Q25 eps of 0.42 US Dollars, above the 0.37 Dollar cents that analysts expected, with an above 15% average return on investments (press release and analysts presentation).
The scenario that Dowding described sets a good foundation for a continued positive performance of private capital stocks in the coming months.
The stock price of NYSE-listed Apollo Global Management, a player that has aum of 785 billion, moved up 8.6% as the firm acquired the majority of US Utility Power Grid Services (press release).
BlackRock Tcp Capital (+7.6%), an US SMEs lender, beaten by 9% the analysts’ expectations for 1Q25 eps (0.36 vs 0.33 US Dollars) and other financials (press release). London-listed 3i’s market capitalizationplummeted by5% because of lower than expected 1Q25 results (press release). The firm posted a NAV per share 2.6% lower than expected 2.6 GBPs and a debt rate of 3% vs 2.2%. However, dividends were higher than analysts estimated (0.73 vs 0.69 GBPs).
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