Apollo Global Management Inc
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Leon Black Stepping Down as Apollo CEO Amid Scrutiny Over Jeffrey Epstein Ties
Josh Harris Leads Apollo Global Management and Owns the 76ers
Apollo Merges With Athene to Build a Financial Empire
Blackstone Is Attracting New Capital
The launch of innovative ideas at the right time can help Blackstone attract a good amount of new capital through its dedicated network.
Carlyle’s Realizations and Distributions Expected to Improve in 3Q
Carlyle Group (CG) is expected to see its distributable income rise in the current quarter on monetizations through the IPO process, private sales, and placements.
Blackstone, Carlyle, and KKR Saw Real Estate Growth in 3Q16
The real estate space has seen a relatively strong performance when compared to other asset classes.
Why Blackstone’s Q2 Performance Beat Estimates
The Blackstone Group (BX) reported its second quarter earnings on July 21. The company beat Wall Street analysts’ economic net income estimates of $0.39.
How Will Carlyle Group Perform in 3Q16?
Carlyle expects EPS of $0.44 in 3Q16. For the full year, analysts have revised earnings expectations up to $1.44 with an implied price-to-earnings of 10.8x.
Weaker Markets Continue to Affect Carlyle’s Realizations
Carlyle Group (CG) reported distributable earnings of $129 million in fiscal 1Q16, 13% lower than in 1Q15.
KKR Saw Declining Valuations in 3Q15
Returns to shareholders KKR & Co. L.P. (KKR) reported an economic net loss of $286 million for the third quarter of 2015. The company’s earnings decreased on a decline in the value of its holdings due to a market rout in 3Q15. KKR’s distributable earnings declined to $349 million, or $0.35 per unit, in 3Q15. The […]
Is KKR a good pick for retirement or growth options?
Is KKR a good pick for growth options? KKR is expected to improve its realizations in 2015 and 2016 after an expected valuation increase of energy holdings.
Why Alternative Asset Managers Rebounded in 2016
Alternative asset managers such as Blackstone Group (BX), KKR (KKR), and Carlyle Group (CG) have rebounded sharply over the past three months.
Blackstone’s Performance Stands Out among Managers in 4Q16
The Blackstone Group (BX), the world’s largest alternative asset manager, posted an economic net income (or ENI) of $0.68 in 4Q16, higher than analysts’ estimate of $0.64.
Blackstone and KKR Raise Funds amid Volatility and Prospects
Equities and broader markets rebounded in 2H16. The global economic outlook has now become relatively more stable for 2017.
Blackstone to Acquire Minor Stake in Rockpoint
On March 13, 2018, the Blackstone Group (BX) announced that it is acquiring a minority equity stake in Rockpoint, a private equity giant.
Blackstone’s Real Estate Growth in Europe and Asia in 2017
The Blackstone Group (BX) garnered realizations of $3.5 billion in 4Q16, reflecting a year-over-year rise in improved valuations.
Why Alternatives Aren’t Expected to Have Premium Returns
Alternatives expect weak performance in the second quarter of 2016 on weak performance of various asset classes.
KKR Realized Performance, Investment Income Declined in 1Q16
In 1Q16, KKR & Co. (KKR) saw its distributable earnings decline on lower bookings. The company made realized performance income of $99 million compared to $308 million in 1Q15.
Carlyle’s Portfolio Appreciated on These
Carlyle managed 5% appreciation in portfolio valuation in 4Q16 and 12% in fiscal 2016, reflecting an improved YoY performance.
KKR Achieves Higher Realization on Improved Activity in 2Q16
In 2Q16, KKR & Co. (KKR) saw its distributable earnings surge on exit activity in the private equity space. The company made realized performance income of $310 million compared to $258 million in 2Q15.
Janus Capital, Henderson Group: Complementary Business Advantage
The merged entity of Janus Capital Group (JNS) and Henderson Group (HGG) will help accelerate the twin strategic objectives for diversification and growth.
Must-know: An overview of Athlon Energy
Athlon is an independent oil and gas exploration and production company. Its activities include the acquisition, exploration, and development of oil and liquids-heavy gas resources in the Permian Basin.
Carlyle Group’s Private Equity Portfolio Has Risen in 1Q16
Carlyle’s total carry fund valuations rose by 2% in 4Q15, led by a recovery in the valuations of private equity funds.
KKR Expected to See Subdued Realized and Investment Performance
In 1Q16, KKR & Co. (KKR) saw its distributable earnings decline due to lower bookings. The company had a realized performance income of $99 million.
How Did KKR’s Distributions Look in 4Q16?
KKR & Company (KKR) has managed higher realizations over the past few quarters as reflected in its higher distributions to limited partners or investors.
Prime Security Services Issued the Most Junk Bonds Last Week
Prime Security Services is a subsidiary of Apollo Global Management (APO). It issued junk bonds worth $3.14 billion on April 20.
Carlyle’s Portfolio Could Continue on a Subdued Trajectory in 2Q16
Carlyle’s performance is directly impacted by the global macroeconomic environment as well as financial conditions in and outside of the United States.
Carlyle Group Reports Strong Operating Performance in 1Q15
Carlyle Group (CG) reported its 1Q15 earnings on April 29. The company managed to beat Wall Street analysts’ EPS estimates of $0.70—its EPS was $0.80.
Blackstone Hedge Funds Outperform Relatively, Expand Assets
Hedge funds performed dismally during the third quarter on lower volatility and geopolitical risks. Alternative managers saw valuations fall.
Why Carlyle Group Lost Premium in Its Valuations
Carlyle Group’s (CG) stock has fallen ~11% over the past six months on falling holdings valuations due to the global slowdown.
Oil Prices: Have They Impacted Blackstone’s Earnings?
Blackstone offloaded much of its exposure to oil prices in 2013 and 2014. Less than a quarter of the company’s energy exposure is impacted by oil prices.
Blackstone’s Plans for Real Estate Investments
Blackstone has one of the most innovative real estate funds in the world. Its funds have outperformed compared to other real estate investment companies.
Blackstone’s 2Q15 Earnings Miss Estimates
Blackstone reported its 2Q15 earnings on July 16. The company missed Wall Street analysts’ economic net income (or ENI) estimates of $0.44, with a posted ENI of $0.43.
A Look at Apollo’s Definitive Deal to Acquire The Fresh Market
Apollo Global Management (APO) announced today, March 14, 2016, that it has entered into a definitive agreement to acquire The Fresh Market (TFM).
Inside Carlyle’s Bottomed-Out Valuations in 1Q16
Carlyle’s stock has fallen by ~46% over the past year on the declining valuations of its holdings due to the global slowdown and struggling energy markets.
Blackstone’s Private Equity Division Delivers in the First Quarter
Private equity has been Blackstone’s core business, and it contributes almost half of its total profitability. The division recorded 139% growth.
A brief overview of Six Flags’ management
Six Flags’ management plays a vital role in shaping the company and leading it in the desired direction. This article reviews three management positions.
GE Stock Gains, Citigroup Sees Meaningful Turnaround
On Wednesday, General Electric (GE) stock rose 5.6% after a top Wall Street analyst made some positive remarks about its turnaround efforts.
GE Capital Sells PK AirFinance to APO and ATH
Today, General Electric announced the sale of GE Capital’s PK AirFinance to Apollo Global Management and Athene Holding. All three stocks rose on the news.
Could Investor Interest in Alternatives Change Analysts’ Ratings?
Apollo Group Management has “strong buy” ratings from the five of the 15 analysts covering the stock in July.
KKR Posts Q2 2018 Results: AUM Rises Sequentially
KKR & Co. (KKR) reported its second-quarter earnings on July 26. Its EPS was $0.49, which beat analysts’ expectation of $0.45.
Here’s What Led to Apollo Global Management’s Premium Valuation
Apollo Global Management’s (APO) PE ratio is 13.29x on an NTM (next-12-month) basis.
Apollo Global: How Investor Interest in Real Estate Could Help
In H2 2018, Apollo Global Management’s (APO) real estate business could see a negative impact due to expectations of interest rate hikes.
How Monetary Policy Could Impact Apollo’s Credit Segment
The credit segment of Apollo Global Management generated management fees of $183 million in the first quarter, which reflects a rise of 15.6% YoY.
Can Apollo Global Management’s Q2 2018 Impress Investors?
On August 2, Apollo Global Management (APO) is expected to report its second-quarter results. It’s expected to report EPS of $0.54.
How Berkshire Could Make Use of Excess Liquidity
Berkshire Hathaway’s (BRK.B) liquidity of over $115 billion is rising at a faster pace owing to strong cash flow generation.
Can the US-China Trade Battle Impact Blackstone’s Q2 2018?
On July 19, The Blackstone Group (BX) is expected to report its Q2 2018 earnings. Analysts expect EPS of $0.74, a YoY rise of 25.4%.
How Blackstone’s Valuations Compare to Peers
The Blackstone Group (BX) has a price-to-earnings ratio of 10.40x on an NTM (next-12-month) basis, while the peer average is 10.17x.
Here’s What Could Affect Blackstone’s Real Estate Segment
The real estate segment of Blackstone Group (BX) garnered total revenues of $641 million in the first quarter, a decline of 17% on a YoY (year-over-year) basis.
What Could Impact Blackstone’s Private Equity Business?
In the first quarter, Blackstone Group’s (BX) private equity division garnered total revenues of $681.1 million, a substantial rise on a YoY basis.
What’s Expected for Carlyle’s Global Credit Platform
In Q1 2018, The Carlyle Group’s (CG) global credit AUM (assets under management) rose 15% YoY (year-over-year) to $33.8 billion due to foreign exchange translation and fundraising offset by realizations.
What 2018 Could Hold for Carlyle’s Corporate Private Equity Unit
The Carlyle Group’s (CG) corporate private equity segment saw fundraising of $3.9 billion in the first quarter, compared with $0.2 billion in Q1 2017.
What to Expect from Apollo’s Private Equity Segment
Apollo Global Management’s (APO) Private Equity segment ended the first quarter with total AUM (assets under management) of $69 billion.
A Look at Apollo’s Private Equity Segment
On May 3, Apollo Global Management (APO) released its earnings report for 1Q18.
Carlyle Group’s 1Q18 Results Beat Expectations
The Carlyle Group (CG) reported its earnings for 1Q18 this morning. Here’s what you need to know!
Which Alternative Asset Manager Has Higher Valuations?
Blackstone Group (BX) has a forward PE (price-to-earnings) ratio of ~10.6x—the highest among major peers in the alternative asset management industry.
Behind Apollo’s Assets Under Management
Inflow and outflow Apollo Global Management’s (APO) AUM (assets under management) saw a significant inflow of $7.9 billion in 3Q17, reaching $241.5 billion. Its credit division had the highest inflow among divisions, of $6.6 billion. Apollo’s private equity and real asset divisions saw an inflow of $0.6 billion and $0.7 billion, respectively, during 3Q17. The company had an outflow of $601 […]
Carlyle Group’s Corporate Private Equity Division
In 3Q17, the Carlyle Group’s (CG) Corporate Private Equity division saw a marginal decline in distributable earnings, from $209 million in 3Q16 to $207 million in 3Q17.
A Look at Blackstone’s Assets Under Management
Strong inflows In 3Q17, The Blackstone Group’s (BX) total AUM (assets under management) rose 7% YoY (year-over-year) to $387.4 billion due to strong inflows. Of the total AUM, private equity AUM and credit AUM amounted to $102.5 billion and $99.5 billion, respectively. The real estate and hedge fund solution divisions had AUM of $111.3 billion and $74.2 billion. […]
Assets under Management of Alternative Asset Managers
On June 30, 2016, Carlyle Group (CG) reported total assets under management (or AUM) of $175.6 billion.
How Wall Street Analysts View Alternative Asset Managers
Six of 14 analysts currently covering Blackstone stock gave “strong buy” ratings. Six analysts gave “buy” ratings, and the remaining two analysts gave “hold” ratings.
KKR to Benefit from Acquisition of USI Insurance Services
In May 2017, KKR & Company (KKR) and CDPQ completed their acquisition of USI Insurance Services.
What We Can Expect for Affiliated Managers Group
Market analysts expect Affiliated Managers Group (AMG) to report EPS (earnings per share) of $3.23 in 2Q17, a rise of 0.62% from 1Q17.
Janus-Henderson Merger: The Wait Is Over
The merger of Janus Capital Group (JNS) and Henderson Group (HGG), announced in late 2016, was finalized on May 30, 2017. It’s said to be a merger of equals.
Behind Carlyle’s Distributions and Repurchases
Carlyle’s board of directors has announced a 1Q17 distribution of $0.10 per common unit, payable on May 22—lower than its $0.16 per common unit in 4Q16.
What’s Happening Now with Carlyle’s Investment Solutions Segment?
Carlyle Group (CG) raised new capital of $3 billion in 1Q17, which included $1.4 billion from its Investment Solutions segment and $1 billion from Real Assets.
Inside Carlyle’s Expected Performance in Real Estate Assets
Real estate experts have an optimistic view of the industry, backed by a rising number of allocations in core and opportunistic funds by investors.
Understanding Carlyle’s Improved Performance despite Rate Hike Expectations
Carlyle Group has a number of credit strategies in place, and for its LPs (limited partnerships), the company is planning to invest in new credit strategies.
This Segment Is Driving Carlyle’s Numbers
For 1Q17, Carlyle Group reported higher economic net income in its Corporate Private Equity segment, from $32 million in 1Q16 to $313 million in 1Q17.
Carlyle Saw Impressive 1Q17 Results, but Can It Sustain?
After a subdued performance in 4Q16 and heavy losses in its Global Market Strategies segment, Carlyle Group (CG) reported improved numbers in 1Q17.
How Wall Street Analysts View KKR’s Performance in 2017
Analysts gave KKR an average target price of $21.42 from the current price, suggesting a rise of 14.3%.
KKR’s Valuation amid Rising Equity Valuations in 2017
KKR & Co. (KKR) has posted earnings per share (or EPS) of $1.76 over the last four quarters.
KKR’s Distribution Policy: A Reward for Unit Holders
KKR & Co. (KKR) paid a fixed dividend of $0.17 in May 2017 according to its policy announced in 2016.
How KKR Is Performing in Relation to Alternative Managers
KKR & Co. (KKR) has reported an increase in its economic net income (or ENI) to $668.5 million in 1Q17 compared to $383.2 million in 4Q16.
What Could Lead KKR’s Public Market Segment to Rise or Fall?
KKR has seen a decline in its base fees to $85.5 million in 1Q17 compared to $86.7 million in 4Q16.
KKR’s 2Q17 Performance on Deployments, Rise in Holdings
In 1Q17, KKR & Co. (KKR) deployed ~$5.4 billion in its Public Markets and Private Markets segments. KKR is expected to post EPS of $0.49 in 2Q17 and $2.15 in fiscal 2017, representing year-over-year growth of 113% and 216%, respectively.
Blackstone on the Street: Analyst Ratings after the 1Q17 Results
Analysts have given Blackstone a mean price target of $34.88, implying a 15.2% rise from its current level.
Inside Blackstone’s Hedge Fund Performance in 1Q17
In 1Q17, Blackstone saw an 80% rise YoY (year-over-year) in its total revenues, reaching $211.1 million, as compared to $117.4 million in 1Q16.
Alternatives’ Deployments May Remain Stable on Fundamentals
In 2016, alternatives saw higher investments as well as exits on the back of improved liquidity, rising markets, higher valuations, and distressed pricing in corporate credit.
KKR Private Markets Segment Projects Deployment and Growth in 2017
KKR & Company’s (KKR) Private Markets segment contributed almost 71% of the company’s total revenues in 4Q16.
Why KKR’s Valuations Could Rise in 2017
First Data (FDC) is one of KKR’s major holdings. The stock has risen 7.8% in 4Q16 as compared to a substantial decline in 1H16.
KKR Enhances Dividends and Repurchase Program on Growth
KKR & Company (KKR) is creating value for shareholders through share dividends and repurchases.
KKR’s Capital Markets Segment Was Subdued amid Lower Activity
KKR’s (KKR) Capital Markets and Principal Activities segment complements its activities in both private and public markets.
KKR Public Markets Could See Slower Growth in 2017 on Rate Hikes
Public markets have performed well over the past couple of quarters mainly due to a rebound in energy prices (USO), which has led to rising prices of distressed credit.
ARCC’s Net Investments Rose on Senior Secured Loans in 4Q16
By the end of December 2016, Ares Capital (ARCC) had a diversified portfolio of 218 companies totaling $8.8 billion at fair value.
Blackstone’s Hedge Funds Rebound on Commingled, Individual Strategies
Blackstone’s (BX) hedge funds generated 2.3% growth in its portfolio in 4Q16, as well as 6.7% growth over the past three quarters after its weak performance in 1Q16.
Blackstone in 2017 to Ride on PE, Real Estate, Hedge Funds
The Blackstone Group (BX), the world’s largest alternative asset manager, is expected to see earnings per share of $0.73 in 1Q17, compared to EPS of $0.68 in 4Q16 and $0.31 in 1Q16.
How Ares Capital’s Net Investments Could Rise in 4Q16
Net investments to rise Ares Capital (ARCC) has seen subdued deployment over the past few quarters. The company’s investments have fallen since 1Q16, mainly due to higher exits. In 4Q16, Ares might see marginally higher net investments due to new programs and first- and second-lien lending. As of September 30, 2016, Ares Capital had a diversified […]
Prospect Sees Higher Yields, Net Exits in Fiscal 2Q17
Yields rise Prospect Capital’s (PSEC) portfolio generated an annualized yield of 13.2% across its interest-bearing investments in fiscal 2Q17. This yield represents a 0.4% fall from fiscal 1Q17 and a 0.1% from fiscal 2Q16. The yield excludes capital appreciation and dividend payouts from the company’s equity positions. The yield rose due to increased deployments and lower […]
Apollo Investment Sees Net Investments Turn Positive in Fiscal 3Q17
In fiscal 3Q17, Apollo Investments (AINV) sold $17.1 million in investments and repaid $178.2 million.
How the Rate Hike Could Affect Alternative Funds’ Credit Markets
The credit market saw distressed pricing in 2H15 on lower bond pricing, mainly due to oil prices (USO) and interest rates.
Blackstone Leads in Real Estate Performance among Alternatives
Alternative asset managers (IYF) have seen portfolio appreciations in the range of 3%–5% over the past couple of quarters, mainly due to improving fundamentals.
Alternatives to See Improved Realizations and Deployments in 2017
In 2016, alternative asset managers saw higher exits and investments on the back of improved liquidity. The trend is expected to continue in 2017.
Apollo Investment’s Net Exits Trend Expected to Reverse in 2017
Apollo Investment’s (AINV) total portfolio stood at ~$2.6 billion in fiscal 2Q17 compared to ~$3.2 billion in fiscal 2Q16.
BX and CG Yields Are Highest among Alternative Asset Managers
Alternatives have usually paid 40%–60% of their earnings in dividends. Their earnings have fallen from peaks in the first half of 2015.
Blackstone and KKR Deployments Rise in 2016 on Valuations
Blackstone Group (BX), the world’s largest alternative manager, invested $2.9 billion during the September 2016 quarter.
KKR Valuations Fair amid Volatile Performance and Capital Raises
KKR & Company (KKR) expects to post EPS (earnings per share) of $0.41 in 3Q16, reflecting a subdued performance compared to its 3Q15 numbers.
KKR Maintains Dividends, Continues with Repurchases in 3Q
As of October 2016, KKR has bought back 31.5 million common units for $457 million of its announced $500 million share repurchase program in December 2015.
KKR Capital Markets Manages Higher Revenues on Deal Making
KKR’s Capital Markets and Principal Activities segment saw revenues of $47 million in 3Q16, as compared to $40 million in 3Q15 and $39 million in 2Q16.