BeBeez Trading Floor roundup with eToro support about the performances of private capital firms listed on global exchanges.
NYSE-listed private credit firms Blue Owl (+19.6%), Apollo Global Management (+19.5%), TPG (+17.5%), and Ares Management Corp (+17.2%) benefited of the executive buys of shares.
The Wall Street Journal quoted sources saying that Doug Ostrover and Marc Lipschultz, the co-ceos of Blue Owl, revised the terms of the personal loans secured against their shares removing them as collateral and thereby also eliminating the risk to flood the market with securities in the event of a need.Marc Rowan, the ceo of Apollo, said to CNBC on 16 April, Thursday, that a redemption rate of 5%, which is the historical mean for the sector, is perfectly normal and sustainable, and that valuations in the software sector are “wrong”.
On 14 April, Tuesday, TPG announced the acquisition of Learfield (press release), a media, technology and marketing firm that enables US universities to capitalise on their sports brand. Learfield holds the commercial rights to over 200 of the leading American universities and conferences.
On 15 April, Wednesday, Michael Arougheti, the ceo of Ares Management, said during the HSBC Investment Summit that he does not envisage signs of a systemic default cycle in the private credit sector despite the substantial above 20 billion US Dollars redemption demands in the sector. Arougheti pointed out that default rates remain under control and in line with the company’s historical expectations. The senior executive also emphasised that whilst media headlines tend to play up fears, experienced investors should focus on relevant, long-term information – a philosophy that Ares has championed since its inception. Frankfurt-listed Mutares (-1%) is still feeling the negative effects of the 105 million euros capital increase that recently announced (see here a previous post by BeBeez).
To follow each week’s prices of private capital stocks
listed on the world’s major stock exchanges,
check out the BeBeez Trading Floor page
and read the market commentary every Monday.
To follow stock trends in real time, open a free eToro account
