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Apollo, Carlyle, and Blackstone’s Private Equity Divisions

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Private Equity portfolios

Carlyle Group (CG) witnessed robust appreciation of 8% in its Private Equity portfolio in 2Q17. In 2Q17, the Private Equity portfolios of alternative asset managers (XLF) Blackstone (BX) and Apollo Global Management (APO) appreciated 2.8% and 1.9%, respectively.  

Carlyle Group’s Private Equity portfolio’s appreciation followed its investments made in the technology, healthcare, and industrial sectors.

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Due to the volatility witnessed in energy prices, the Private Equity portfolios of Apollo Global Management and Blackstone were negatively impacted in 2Q17. However, the depreciation of Blackstone’s Private Equity Group’s portfolio in 2Q17 was partially offset by the appreciation from other sectors.

Apollo Global Management’s depreciation in its Private Equity portfolio was partially offset by the rise in investments made in public and private companies. However, KKR & Co.’s (KKR) Private Equity portfolio has only 3% exposure to energy and hence, energy price volatility didn’t make much of an impact.

Rebound in energy prices

Energy prices are expected to increase in 2H17, which would prove beneficial for Apollo Global Management’s and Blackstone’s Private Equity divisions. KKR posted total investment income of $336 million in 2Q17 on the back of its Private Equity division.

KKR reported net unrealized gains of $307.9 million in 2Q17, which is mainly due to strong performance in its Private Equity division.

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