Private equity stocks down 30-40% in three months, bigger worry than geopolitical risk

Quick Read Blackstone (BX) dropped 27.8% over three months to $109.96 despite posting $14.45B in full-year 2025 revenue, up 27% year over year, with $1.27T in total AUM. KKR (KKR) fell 37% to $89.96 while raising a record $129B in capital during 2025 and sitting on $126B in dry powder. Blue Owl Capital (OWL) declined 40% to $9.46 after halting redemptions at one of its private credit funds and facing a securities class action lawsuit. Private equity and private credit stocks are repricing downward due ...