BeBeez Trading Floor roundup with eToro support about the performances of private capital firms listed on global exchanges.
On 29 June, Monday, London-listed Bridgepoint (+26%) announced the 1.4 billion US Dollars worth acquisition of Boca Raton, Florida, Kayne Anderson Real Estate (press release). The target has assets under management of 22 billion and built a track record of delivering strong risk-adjusted returns across specialist sectors benefiting from long-term demographic and secular demand tailwinds. The upfront enterprise value amounts to 1.393 billion (759 million of cash and 189 million Bridgepoint shares of new issuance, with further consideration subject to management fee-related performance hurdles). Karep VII, the firm’s last fund, raised more than 5 billion, 2 billion above the initial target, good news for the flow of management fees.
The shares of Nasdaq-listed Bending Spoons posted a +40% after the firm’s first day of listing on 1 July, Wednesday reaping the full benefits of strong demand for exposure to AI-linked businesses (see here a previous post by BeBeez). Investors also rewarded Milan-listed Tamburi Investment Partners (TIP, +16.1%), 2.5% owner of Bending Spoons.
The private credit sector is seeing a resurgence in confidence as private equity buyouts rose by 44% yoy for a total activity worth over 500 million US Dollars in 2Q26, as McKinsey reported. For private credit fund managers, the rise in the number of deals means an increase in credit volumes and fees. For such a reason, traders rewarded NYSE-listed Ares Management Corporation (+7.1%) and London-listed Intermediate Capital Group (+7%).
However, the exposure to the financing of retail and office complexes in the United States, two sectors that have long been struggling due to a high rate of vacant space, affected NYSE-listed firms KKR Real estate Finance Trust (-2%) and Apollo Commercial Real Estate Finance (-3.6%).
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