European budget aviation has spent the better part of the year navigating heavy turbulence. Rising jet fuel costs and geopolitical route disruptions have battered public valuations, pushing market sentiment toward distress levels.
APO and ARES cap withdrawals again as redemption requests outpace fund limits, highlighting persistent liquidity pressures across private credit.
Ex-Apollo CEO Leon Black says Jeffrey Epstein duped him out of more than $60 million
Apollo is capping withdrawals from its Apollo Debt Solutions private credit vehicle at 5% after redemption requests soared in the second quarter to almost 17%, or $2.4 billion. The move highlights ongoing liquidity concerns around retail-focused, semi-liquid private credit funds, following similar restrictions by Blackstone and Partners Group this month.
APO, ARES, BX, KKR and JPM join the BoE first private-market stress test to gauge whether a severe global downturn could expose wider risks.
The Marc Rowan-led powerhouse chose Austin over Florida over apparent concerns about the lack of private school places in Florida, The Financial Times reported earlier Friday.
Apollo's deputy global head of private equity said some PE firms will struggle to raise capital amid a growing dispersion in performance. Antoine Munfakh told CNBC that Apollo has strengthened its focus on so-called 'HALO' assets, which are more insulated from technological disruption.
Apollo Global Management (APO) reported earnings 30 days ago. What's next for the stock?
KKR, APO, BX, OWL and BLK slide after Cliffwater's Corporate Lending Fund faces Q2 redemption requests equal to 17% of shares, exposing liquidity strains.
The investment firm is set to buy Emerald Holding and Questex with plans to combine them.
Investors are worried private credit funds have made batches of bad loans to software companies that AI is now threatening.
The decline in returns is due to the Federal Reserve's rate cuts and rising defaults on their loans, firms say.