Apollo Global Management Inc

Preferred equity can represent high-priority securities. Here’s what preferred equity means and how companies can use it to finance a buyout.

Alternative asset manager Apollo Global Management offered to buy Pearson Plc. in an all-cash deal, but will the publishing company bite?

Now that Synnex and Tech Data have officially merged to become TD Synnex, what will happen to Synnex stock (SNX)?

After an internal investigation into his ties to convicted sex offender Jeffrey Epstein, Leon Black is stepping down as Apollo Global Management's CEO.

Josh Harris of Apollo Global Management is also an owner of the Philadelphia 76ers and the co-founder, with wife Marjorie, of Harries Philanthropies.

Apollo acquired its own creation, Athene, to build something beyond asset management and life insurance. Will the merger create a financial empire?

The launch of innovative ideas at the right time can help Blackstone attract a good amount of new capital through its dedicated network.

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.

The real estate space has seen a relatively strong performance when compared to other asset classes.

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.

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.

Carlyle Group (CG) reported distributable earnings of $129 million in fiscal 1Q16, 13% lower than in 1Q15.

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 growth options? KKR is expected to improve its realizations in 2015 and 2016 after an expected valuation increase of energy holdings.

Alternative asset managers such as Blackstone Group (BX), KKR (KKR), and Carlyle Group (CG) have rebounded sharply over the past three months.

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.

Equities and broader markets rebounded in 2H16. The global economic outlook has now become relatively more stable for 2017.

On March 13, 2018, the Blackstone Group (BX) announced that it is acquiring a minority equity stake in Rockpoint, a private equity giant.

The Blackstone Group (BX) garnered realizations of $3.5 billion in 4Q16, reflecting a year-over-year rise in improved valuations.

Alternatives expect weak performance in the second quarter of 2016 on weak performance of various asset classes.

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 managed 5% appreciation in portfolio valuation in 4Q16 and 12% in fiscal 2016, reflecting an improved YoY performance.

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.

The merged entity of Janus Capital Group (JNS) and Henderson Group (HGG) will help accelerate the twin strategic objectives for diversification and growth.

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’s total carry fund valuations rose by 2% in 4Q15, led by a recovery in the valuations of private equity funds.

In 1Q16, KKR & Co. (KKR) saw its distributable earnings decline due to lower bookings. The company had a realized performance income of $99 million.

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 is a subsidiary of Apollo Global Management (APO). It issued junk bonds worth $3.14 billion on April 20.

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 (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.

Hedge funds performed dismally during the third quarter on lower volatility and geopolitical risks. Alternative managers saw valuations fall.

Carlyle Group’s (CG) stock has fallen ~11% over the past six months on falling holdings valuations due to the global slowdown.

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 has one of the most innovative real estate funds in the world. Its funds have outperformed compared to other real estate investment companies.

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.

Apollo Global Management (APO) announced today, March 14, 2016, that it has entered into a definitive agreement to acquire The Fresh Market (TFM).

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.

Private equity has been Blackstone’s core business, and it contributes almost half of its total profitability. The division recorded 139% growth.

Six Flags’ management plays a vital role in shaping the company and leading it in the desired direction. This article reviews three management positions.

On Wednesday, General Electric (GE) stock rose 5.6% after a top Wall Street analyst made some positive remarks about its turnaround efforts.

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.

Apollo Group Management has “strong buy” ratings from the five of the 15 analysts covering the stock in July.

KKR & Co. (KKR) reported its second-quarter earnings on July 26. Its EPS was $0.49, which beat analysts’ expectation of $0.45.

Apollo Global Management’s (APO) PE ratio is 13.29x on an NTM (next-12-month) basis.

In H2 2018, Apollo Global Management’s (APO) real estate business could see a negative impact due to expectations of interest rate hikes.

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.

On August 2, Apollo Global Management (APO) is expected to report its second-quarter results. It’s expected to report EPS of $0.54.

Berkshire Hathaway’s (BRK.B) liquidity of over $115 billion is rising at a faster pace owing to strong cash flow generation.

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%.

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.

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.

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.

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.

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.

Apollo Global Management’s (APO) Private Equity segment ended the first quarter with total AUM (assets under management) of $69 billion.

On May 3, Apollo Global Management (APO) released its earnings report for 1Q18.

The Carlyle Group (CG) reported its earnings for 1Q18 this morning. Here’s what you need to know!

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.

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 […]

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.

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. […]

On June 30, 2016, Carlyle Group (CG) reported total assets under management (or AUM) of $175.6 billion.

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.

In May 2017, KKR & Company (KKR) and CDPQ completed their acquisition of USI Insurance Services.

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.

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.

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.

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.

Real estate experts have an optimistic view of the industry, backed by a rising number of allocations in core and opportunistic funds by investors.

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.

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.

After a subdued performance in 4Q16 and heavy losses in its Global Market Strategies segment, Carlyle Group (CG) reported improved numbers in 1Q17.

Analysts gave KKR an average target price of $21.42 from the current price, suggesting a rise of 14.3%.

KKR & Co. (KKR) has posted earnings per share (or EPS) of $1.76 over the last four quarters.

KKR & Co. (KKR) paid a fixed dividend of $0.17 in May 2017 according to its policy announced in 2016.

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.

KKR has seen a decline in its base fees to $85.5 million in 1Q17 compared to $86.7 million in 4Q16.

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.

Analysts have given Blackstone a mean price target of $34.88, implying a 15.2% rise from its current level.

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.

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 & Company’s (KKR) Private Markets segment contributed almost 71% of the company’s total revenues in 4Q16.

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 & Company (KKR) is creating value for shareholders through share dividends and repurchases.

KKR’s (KKR) Capital Markets and Principal Activities segment complements its activities in both private and public markets.

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.

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 (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.

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.

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 […]

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 […]

In fiscal 3Q17, Apollo Investments (AINV) sold $17.1 million in investments and repaid $178.2 million.

The credit market saw distressed pricing in 2H15 on lower bond pricing, mainly due to oil prices (USO) and interest rates.

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.

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 (AINV) total portfolio stood at ~$2.6 billion in fiscal 2Q17 compared to ~$3.2 billion in fiscal 2Q16.

Alternatives have usually paid 40%–60% of their earnings in dividends. Their earnings have fallen from peaks in the first half of 2015.

Blackstone Group (BX), the world’s largest alternative manager, invested $2.9 billion during the September 2016 quarter.

KKR & Company (KKR) expects to post EPS (earnings per share) of $0.41 in 3Q16, reflecting a subdued performance compared to its 3Q15 numbers.