RT Bloomberg Live (@BloombergLive)This March #BloombergInvest arrives in New York's Financial District. Don't miss conversations with:📈 @apolloglobal's Marc Rowan📈 @Temasek's Dilhan Pillay Sandrasegara📈 @lloydblankfein📈 Soros' Dawn Fitzpatrick📈 @NYSE's Lynn MartinLimited tickets are still available:https://t.co/M67O8zQYmz ...

RT Ian Carroll (@IanCarrollShow)Epstein Files show Epstein and Leon Black (founder of Apollo)Ran a multi billion dollar money laundering scheme using a MASSIVE art collection of SKETCHY originsAnd Webb - our new app that lets you AI analyze the entire file set - cracked the case in 2 questions.The game has changed forever- message me if you want access- I’ll send you the code. ...

RT Bloomberg Live (@BloombergLive)What’s driving the next phase of private markets? @apolloglobal CEO Marc Rowan discusses investment-grade credit, proprietary origination, and the institutionalization of secondary liquidity at #BloombergInvest with @business EIC John Micklethwait.Live 3/3 at 9:50 AM ET!https://t.co/M67O8zQYmz ...

RT John Hyatt (@John__Hyatt)NEW: Epstein emails show how billionaire financier Leon Black, founder of Apollo, relied on the convicted sex offender to help him leverage his multi-billion-dollar art for $500m+ in loans from Bank of America.https://t.co/kNDWstzGWy ...

The institutions are on Avalanche:ReFISTISCitiVisaKKRANZRainGrabIntainGroveDinariParaFiNoncoVanEckBDACSStraitsXBalconyHomiumRepublicSecuritizeBlackRockOpenTradeWoori BankWisdomTreeCumberlandInversion CapitalState of WyomingSkyBridge CapitalFranklin TempletonJ.P. Morgan's KinexysWellington ManagementApollo Global Management ...

RT AmeriFirst (@AmeriF1rst)I ran through the files extensively and here is the Epstein network I’ve been able to uncover so far. Due to the length and context of this, it won’t get out into the algo so Please like/share if you can.Core Inner Circle / Employers / Managers / Recruiters•Les Wexner: Victoria’s Secret/L Brands founder and billionaire. Primary benefactor who gave Epstein power of attorney over his finances, transferred the NYC mansion for $1, managed vast assets, and provided the initial wealth p ...

Core Viewpoint - The software industry is facing significant risks, leading to a sell-off of U.S. publicly traded private equity (PE) and business development companies (BDC) due to concerns over the valuation of billions in private software debt [1][5]. Group 1: Market Reaction - On February 3, following reports from Goldman Sachs and Barclays, there was a notable sell-off in the market, with Blue Owl Capital's stock dropping approximately 5% and other industry leaders like Ares Capital and Sixth Street Specialty Lending declining over 3% [2]. - A report from Goldman Sachs indicated that hedge funds are rapidly rotating out of software stocks, marking the highest net sell-off in the tech sector since September 2024, with software stocks leading the decline [4]. Group 2: Impact on Private Credit Institutions - The sell-off has severely impacted private credit institutions that finance software companies, with a software stock index plummeting 15% in January, the largest monthly drop since October 2008 [5]. - Barclays analysts highlighted that software constitutes about 20% of BDC portfolios, making them particularly sensitive to declines in software equity and credit valuations, with total exposure estimated at $100 billion [7]. Group 3: Concerns Over Default Rates - UBS strategists warned that if AI leads to the large-scale elimination of traditional software companies, default rates in U.S. private credit could soar to as high as 13% [9]. - Apollo Global Management has already begun reducing its software exposure from 20% to below 10%, indicating a cautious approach towards the software sector [9]. Group 4: Market Sentiment and Analyst Opinions - Despite the prevailing panic, some analysts believe the market may be overreacting, as there is no new fundamental information to justify the declines [12]. - Recent negative news, including significant withdrawals from funds like Blue Owl and TCP Capital Corp., has heightened investor anxiety ahead of the earnings season, leading to a preemptive market downturn [12].

RT Bloomberg Live (@BloombergLive)As CEO of one of the world’s largest private asset managers, @apolloglobal’s Marc Rowan shares what’s next for private markets—from the scale of investment-grade credit to the evolution of market structure—at #BloombergInvest with @business EIC John Micklethwait.Live 3/3 at 9:50 AM ET!https://t.co/M67O8zQYmz ...

RT Bloomberg Live (@BloombergLive)As private market investing becomes more accessible, we examine the risks and opportunities of bringing these products into retail portfolios—and what comes next—with John Zito of @apolloglobal at #BloombergInvest.Learn more📈https://t.co/eeTrczeDUG https://t.co/4qh7wRpklh ...

Core Viewpoint - Apollo Commercial Real Estate Finance (ARI) plans to sell its loan portfolio to Athene, which is expected to be a transformational deal aimed at addressing the valuation gap between ARI's market price and the intrinsic value of its assets [4][10]. Financial Details - The transaction is expected to deliver approximately $1.4 billion of net cash to ARI [1][7]. - After the repayment of most financing facilities and transaction expenses, ARI anticipates a common equity book value per share of about $12.05 [2][7]. - The purchase price for the loan portfolio is set at 99.7% of total loan commitments, excluding two loans with a principal balance of $146 million [3][7]. Strategic Implications - The sale is designed to close a long-standing valuation gap, as ARI's stock has traded at an average of about 0.76 of net book value for several years [9][11]. - Management plans to evaluate commercial real estate-related strategies to unlock additional value, including potential M&A opportunities [12][13]. - If no new asset strategy is identified by year-end, ARI's board may explore all strategic alternatives, including dissolution [14]. Governance and Transaction Process - The transaction has been approved by ARI's board following a recommendation from a special committee of independent directors [15]. - A 25-day go-shop period will allow for additional interest in the portfolio before a stockholder vote [17][18]. - Apollo has agreed to a 50% reduction in ARI's annual management fee and will reimburse up to $10 million of transaction expenses [16].