BeBeez Trading Floor roundup with eToro support about the performances of private capital firms listed on global exchanges.
Nyse-listed Apollo Commercial Real Estate Finance (+9%) said it fetched 9 billion US Dollars out of the sale of its credit portfolio to Athene Holding (press release). Such resources will allow the vendor to repay its liabilities while having 1.4 billion available for investments and further capital reserve for paying dividends.
Nyse-listed Ares Commercial Real Estate Corp (ACRE, +7.4%) benefited the end of selling pressure identified by technical analysts that triggered a rally towards 5,20 US Dollars per share. Furthermore, some research providers issued in early January 2026 a Strong Buy for the stock after ACRE’s management said in November 2025 that in 1H26 the firm’s portfolio would expand again while reducing the exposure to riskier assets such as offices.
However, after the Fed‘s FOMC meeting on 28 January, Wednesday, investors perceived that Jerome Powell will no longer implement an expansionary policy as the economic outlook is stable. In May 2026, Kevin Warsh will reportedly replace Powell in the role and may have a less accommodating approach towards the markets.
The prospect of stable rates triggered a decline in the shares of major NYSE-listed private equity giants KKR, Blackstone, TPG, and Carlyle whose share plummeted by 4% – 6%.
The expectations of a restrictive monetary policy also impacted the Private credit firms as the quality of their loans portfolios may deteriorate and make investors more cautious.
After the closure of trading of 23 January, Friday, Nyse-listed BlackRock TCP Capital released a Form 8-k and said that between September and December 2025 its NAV dropped from 8.7 to 7.05 US Dollars (-19%) after relevant write-downs of loans to companies such as Edmentum (educational software), Renovo Home Partners (bankrupted) and e-commerce Razor and SellerX.
Overall non-performing loans rose to 9.6% of the portfolio’s cost value, prompting KBRA, Fitch and other rating agencies to downgrade the company’s credit to BB/BB+ (junk or non-investment grade). Some investors threatened legal actions while the management waived a third of its fees.
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