Views
Brookfield's release is headlined 15% earnings growth. Consolidated net income fell 33%. Between the two sits $12.5 billion of unrealised carry, of which the firm converted $121 million after selling $40 billion of assets.
Views
Carlyle, TPG and Brookfield all reported records this week. The footnotes: doubled deal fees, $35 million of realised carry, and $40 billion of Brookfield's own insurance money.
Views
Record FRE, record SRE, record inflows, and $16 million of principal investing income. Apollo's quarter was superb everywhere except the line the industry is named after.
Views
A record fundraising quarter, a record $170 billion of dry powder, and carry guidance that rounds to zero. Ares is what the industry looks like when selling stops mattering.
Views
EQT, CVC, Bridgepoint and Partners Group all found a record to announce. The share prices, the statutory accounts and the gated evergreen funds tell a more European story.
Views
Fee earnings up 9%, GAAP profit down, individuals two-thirds gone from the fundraising mix, and redemption requests at 38% of one fund. A close read of the politest crisis in private credit.
Views
Records in every direction, a monetisation quarter for the ages, and a quietly removed $7 target. The numbers do the talking, but only the ones allowed to speak.
Views
Record AUM, record fees, a 25% dividend bump, and $414 million of net realisations. The fee machine is magnificent. The exit machine is still in the shop.