Asset managers that reach retail clients have become a new market for private investments, Apollo Global Management CEO Marc Rowan said https://t.co/nu9jxJGMhO ...

Core Insights - Ørsted A/S has signed an agreement to divest a 50% ownership interest in its 2.9 GW Hornsea 3 Offshore Wind Farm to Apollo Global Management for approximately DKK 39 billion ($5.6 billion), marking a significant step in Ørsted's capital recycling strategy [1][4]. Financial Details - The transaction includes around DKK 20 billion payable at closing, consisting of a DKK 10 billion equity purchase and a DKK 10 billion construction payment, with the remainder linked to future project milestones [3]. - The total project investment remains within Ørsted's DKK 70–75 billion estimate, and the transaction is expected to have a neutral lifetime EBITDA effect, not impacting Ørsted's 2025 earnings or gross investment guidance [3][4]. Strategic Implications - This divestment is part of Ørsted's broader partnership and divestment program aimed at freeing up capital for reinvestment in new renewable projects, following a rights issue earlier this year to support ongoing offshore wind development [4]. - The deal contributes to Ørsted's plan to complete the world's largest contiguous offshore wind zone, Hornsea 1, 2, and 3, totaling over 5 GW of installed capacity off the Yorkshire coast [4]. Market Context - Hornsea 3, located 160 km off northern England, is expected to generate enough clean energy to power more than 3 million UK homes once operational, highlighting the continued institutional investor appetite for large-scale renewable infrastructure [5]. - For Apollo, this acquisition expands its footprint in global clean energy assets amid increasing private equity interest in European offshore wind [5].

Core Viewpoint - Ares Management Corporation is a prominent alternative asset manager with a focus on diversifying revenue streams and expanding its presence in the energy infrastructure sector [1][3][4]. Group 1: Company Overview - Ares Management operates through various segments including Tradable Credit, Direct Lending, Private Equity, and Real Estate, catering to diverse investment needs [1]. - The company competes with major asset managers such as Blackstone and Apollo Global Management in the alternative investment market [1]. Group 2: Stock Performance and Analyst Sentiment - The consensus price target for Ares Management's stock has decreased from $191.88 to $180.67 over the past year, indicating a slight adjustment in analysts' expectations [2]. - Despite the decrease, the price target has remained stable over the last month and quarter, reflecting steady analyst sentiment [2][5]. Group 3: Strategic Initiatives - Ares is actively expanding in the energy infrastructure sector and is focusing on private wealth and insurance to diversify its revenue streams [3][5]. - The company has successfully raised $5.3 billion for infrastructure projects, aiming to attract high-net-worth clients to enhance its higher-margin business [3]. - Ares anticipates margin expansion as synergies from acquisitions are realized, supported by strong free cash flow yield and robust dividend growth [4].

Core Insights - Blue Owl Capital Inc. is a significant player in the asset management sector, focusing on capital solutions for institutional investors [1][4] - The company operates in a competitive environment alongside major firms like Blackstone and Apollo Global Management [1] - A recent price target set by Evercore ISI suggests a potential upside for OWL's stock [1][5] Financial Performance - Blue Owl Capital held its third-quarter 2025 earnings call, which was led by key executives and attracted attention from major financial institutions [2][5] - The current stock price of OWL is $15.60, reflecting a slight decrease of 1.67% from the previous day [3] - Over the past year, OWL's stock has experienced significant volatility, with a high of $26.73 and a low of $14.55 [3][5] Market Position - The market capitalization of Blue Owl Capital is approximately $24.16 billion, indicating its substantial presence in the financial industry [4] - The trading volume for OWL stands at 7.88 million shares, demonstrating active investor interest [4]

RT Bloomberg New Economy (@BBGNewEconomy)The #BloombergNewEconomy Forum welcomes CEO of @apolloglobal Marc Rowan to the 2025 program in Singapore.Learn more here:https://t.co/Ed2uAXB1DN https://t.co/8c2ojnGNCw ...

Tech company Bending Spoons is buying AOL from private-equity firm Apollo Global Management, the latest in a string of ownership changes for the internet pioneer https://t.co/beoeZfdNEF ...

Core Viewpoint - Warner Bros. Discovery is open to a sale after receiving unsolicited interest from multiple parties, leading to an 8% increase in its stock price [1][4][5] Company Strategy - CEO David Zaslav announced plans to split Warner Bros. Discovery into two companies next year: one for streaming and studio assets, and another for global cable and networks [2][14] - The company is conducting a comprehensive review of strategic alternatives to maximize shareholder value and unlock the full potential of its assets [3][14] Market Interest - Increased buyout interest has prompted Zaslav to evaluate all options, with potential formal takeover bids expected from suitors including Paramount Skydance and Comcast [3][6] - David Ellison, CEO of Skydance Media, is reportedly considering an offer valued between $50 billion and $60 billion, backed by financing partners [6][9] Financial Context - Warner Bros. Discovery has a significant debt load of $30 billion, which has impacted its share price, previously hovering around $18 before the recent rally [14] - Analysts predict that Ellison may soon make a public offer in the low $20s per share, while Zaslav has indicated he would seek closer to $30 per share for a full sale [11][15]

Investment Strategy - Funds including Sona Asset Management, Apollo Global Management and Axebrook Capital are shorting the debt of Adler Pelzer Holding GmbH [1] - The shorting strategy is based on a bet that the auto-parts manufacturer will struggle to refinance its debt [1]

Phone financing company Glow Services Corp. has raised $65 million in equity funding from backers including cable billionaire John Malone and Apollo Global Management, as it looks to expand into new markets and develop new products https://t.co/zJEfVUfWcO ...

Core Insights - The sudden collapse of First Brands Group has led to a significant trust crisis on Wall Street, drawing comparisons to the Bear Stearns incident [1] - Jefferies Financial Group, which acted as both an advisor and financier for First Brands, faces severe scrutiny due to discrepancies in debt reporting and potential losses in its asset management division [1][2] Company Overview - First Brands Group, based in Cleveland, is a century-old automotive parts giant, known for products like oil filters and wipers, with major clients including Walmart, Amazon, and AutoZone [1][2] - The company filed for bankruptcy at the end of September 2025, admitting that over $2 billion of investor funds were unaccounted for [2] Jefferies Financial Group's Role - Jefferies has been closely associated with First Brands since 2014, providing financing and M&A advisory services [2] - The firm’s asset management division, Leucadia, purchased receivables from First Brands, becoming a key financier [2] Financial Practices and Risks - First Brands utilized a factoring model, selling future receivables to financial institutions for cash flow, which posed risks if the company manipulated accounts or double-pledged assets [3][4] - Jefferies failed to disclose high-risk operations in its marketing materials, misrepresenting First Brands' debt as approximately $5.9 billion, while actual debt was later revealed to exceed $11.6 billion [3] Crisis Development - In the summer of 2025, Jefferies was preparing new refinancing for First Brands, but warning signs emerged as institutions began shorting the company [5] - First Brands halted payments to Point Bonita and ceased communication with Jefferies, leading to internal unrest [5] - The company filed for bankruptcy shortly after, revealing undisclosed liabilities and significant discrepancies in receivables [6] Market Reaction - Following the news, Jefferies' stock plummeted by 18%, resulting in a market cap loss of approximately $2.5 billion, raising questions about its due diligence [7] - Jefferies' leadership defended the firm’s fundamentals, claiming the market reaction was exaggerated, but concerns about its judgment and risk exposure remain [7][8]