These 3 Top Financial Stocks Are Down As Much As 43.5% on Private Credit Fears. Here's Why I'm Buying Them Like There's No Tomorrow.
Brookfield (NYSE: BN), Blackstone (NYSE: BX), and KKR (NYSE: KKR) are three of the biggest alternative asset managers in the world. Brookfield and Blackstone have over $1 trillion in assets under management (AUM), while KKR ended last year with $744 billion in AUM. They invest in private equity, real estate, infrastructure, and private credit. The high-profile bankruptcies of private credit borrowers First Brands and Tricolor late last year caused issues for private credit manager Blue Owl and raised conc ...