Earnings

Private credit’s DPI dilemma

DPI may primarily be seen as a private equity problem, but an expectation of timely returns means private credit is being held to an even higher standard.

CPP Investments unloads European non-performing loan portfolio

Net proceeds near C$1bn to be redeployed as the market for NPL portfolios changes.

Woes continue at FS KKR: Enhancement actions announced

JPMorgan cuts exposure to the publicly traded BDC after downgrades and stock price dive.

Apollo breaks $1trn AUM and moves to report daily pricing for credit

CEO Marc Rowan says the totality of the firm’s credit business will be ‘100% daily pricing’.

Ares brushes off negative sentiment in Q1 earnings

CEO Michael Arougheti expressed confidence for future dealmaking as the effects of the Iran war normalise.

Blue Owl seeks to reassure investors following Q1 earnings

Co-CEO Marc Lipschultz pushes back on the ‘panic’ narrative, saying it is driven by sentiment, not fundamentals.

Blackstone posts earnings rise and shrugs off SaaSpocalypse talk

Private credit returns declined in Q1, but executives blame ‘naysayers’ not fundamentals.

Moody’s: Mid-market credit quality erosion is hidden in plain sight

Rising leverage, declining liquidity and a weakening of free cashflows is putting pressure on mid-market issuers.

Apollo inks wealth deal with Schroders, posts $5.9bn earnings

Partnership to focus on hybrid, public/private and debt investing. Apollo sees strong growth in earnings from fees and spreads.