Earnings

Blue Owl’s Lipschultz seeks to quell fears of ‘red flags’ in software portfolio

As the firm reports record AUM, executives on the earnings call say only 8% of AUM is in software lending, with strong loan-to-value ratios.

Ares posts record AUM, driven by direct lending fundraising

While the firm’s fundamentals were solid, investors cautious about private credit’s future punished Ares’ shares.

Question marks over liquidity in semi-liquid funds

Recent events lead to queries about how much advantage investors receive from the ‘illiquidity premium’.

BlackRock BDC marks down NAV by 19%

BlackRock TCP Capital Corp was hit by a string of deteriorating credits, including Renovo.

Leveraged roll-ups as a red flag: the First Brands case

Silver Point partner writes that serial acquirers can overstate growth and camouflage costs.

Lawyers’ view: ‘Hybrid and semi-liquid credit strategies attract investor interest’

Lawyers from the PDI Rising Stars Class of 2024 share their thoughts on the key challenges facing GPs and LPs in a rapidly changing market.

Carlyle highlights insurance, secondaries and credit in Q3 earnings

The firm’s AlpInvest secondaries unit and private wealth help power its growth in AUM, while its private equity business shrank.

Credit markets, rates, overshadow ABF, interval fund launch in Blue Owl Q3

Nascent fears over credit market health and lending standards weigh on the earnings of the manager, which is staking its future on ABF and retail investors.

Blackstone Credit & Insurance helps power Q3 earnings

Blackstone execs do not see recent defaults as ominous for the traditional private credit market and say they are issues for the banks, as noted on the earnings call.

Ares credit group fees grow 16% year-on-year, Q2 earnings report shows

Good news amid disappointment over missed earnings-per-share estimate.