Few issues unite Elizabeth Warren and Donald Trump, but a distaste for private equity seems to be one of them. On this week’s “Money Talks”: why they should embrace corporate raiders https://t.co/7leD8Ybhes ...

Group 1 - Institutional investors are moving away from private equity due to underperformance, with notable pension funds like Oregon and Washington lowering their target allocations [1] - Robinhood is launching a closed-end fund, the Robinhood Venture Fund, aimed at retail investors, allowing them access to private equity investments [1] - The fund will list on the NYSE under the ticker "RVI" with a buy-in price of $25 per share, targeting investments in companies like Oura Health and Databricks [1] Group 2 - A study by Ludovic Phalippou indicates that private equity funds have returned similarly to broad market stock indexes since 2006, with significant performance fees impacting net returns [1] - The Robinhood Venture Fund will not charge a performance fee but will have a 3.125% sales load and a 2% annual fee, which could compress returns for investors [1] - For investors to break even, the portfolio would need to outperform by approximately 13%, given the typical 10% discount to net asset value (NAV) for closed-end funds [1]

Core Viewpoint - Apollo Global Management emphasizes the expansive nature of private credit, viewing it as a $40 trillion asset class that includes various forms of debt beyond traditional direct lending, such as commercial and residential real estate debt and asset-backed securities [5][18]. Group 1: Private Credit Landscape - Apollo identifies the growth of sponsor-backed direct lending as a significant development in non-investment-grade financing, noting its rise from zero to $2 trillion [1]. - The firm argues that the evolution of banking post-global financial crisis has shifted more financing activity toward non-bank investors, suggesting that the anticipated slowdown in private credit growth overlooks broader economic changes [5][6]. - Zelter expresses skepticism about the size and speed of an equity monetization cycle, indicating that the U.S. IPO market is relatively small compared to the private equity asset base, which is estimated at $5 trillion to $6 trillion [1][4]. Group 2: Strategic Priorities and Fundraising - Apollo is focusing on origination and multi-channel distribution, with plans to raise Fund XI between $22 billion and $25 billion, targeting a first close before mid-year [4][14]. - The firm has invested billions in origination platforms, emphasizing that access to attractive investments is the limiting factor rather than capital raising [6]. - Apollo's private wealth channel has expanded its product offerings, with eight products raising over $500 million each last year [13]. Group 3: AI Infrastructure and Financing - Apollo estimates that AI infrastructure capital needs will reach $5 trillion to $7 trillion over the next five years, indicating a selective financing approach where the firm has a structural advantage [11][12]. - The firm prefers bespoke, contract-backed deals with minimal residual risk, as illustrated by a recent transaction involving a sale-leaseback of chips [12]. Group 4: Retirement Services and Market Expansion - Apollo remains confident in Athene's growth in fixed annuities, supported by a strong balance sheet and competitive operating costs [15]. - The company highlights a "retirement crisis" in the U.S. and identifies potential growth opportunities in various international markets, including Japan, Korea, and Australia [16]. Group 5: Market Dynamics and Liquidity - Zelter notes that while private credit may evolve to trade more like liquid markets, the premium for offering private solutions at scale is likely to persist [9]. - Apollo has facilitated liquidity in high-grade capital solutions, trading nearly $10 billion of these assets last year [10].

Private equities tokenization platform @Tessera_PE has adopted Chainlink as its official oracle provider.By integrating Chainlink Proof of Reserve live in production, Tessera verifies the offchain holdings backing its tokenized private equity assets on @solana in real time. https://t.co/HXUOxYU7kJ ...

Heard on the Street: Investors are turning skeptical of private equity and loans premised on supposedly predictable results https://t.co/uuQsSq9if4 ...

Dawson Partners, an early mover in helping investors extract cash from private equity stakes, plans to start a strategy for the fast-growing credit secondaries market https://t.co/CUFSjr0s0x ...

Core Insights - The article highlights a preliminary assessment of investor sentiment ahead of JPM Week 2026, indicating a shift towards higher proof thresholds in unit economics, reimbursement, and outcomes [1] - There is a renewed interest in carve-outs, milestone bridges, and structured financings among venture capital, private equity, and investment banking participants [1] Investment Trends - The planned 88-investor sample suggests that investors are increasingly focused on rigorous proof of economic viability and outcomes before committing funds [1] - The findings are based on flash polls conducted by Black Book Research, which aim to capture the funding, advisory, acquisition, and syndication interests of market participants during JPM Week 2026 [1]

For more on the battle for Warner Brothers discovery, let's bring in Lionsgate vice chairman Michael Burns, friend of the show for more than a decade. >> No, since the beginning of the show. >> Beginning of the show.Yes. >> Since the Carl icon the first sitting on set. Yes.>> We should play some of those clips. >> Please don't. [laughter] >> It's great to see you.How do you see this shaking out. >> Well, I don't have a horse in the game, but I think it's uh in many ways great for us. certainly validating th ...

Investment and Market Focus - Apollo Global Management executives discussed the Federal Reserve's rate cut decision [1] - The rise of private credit markets is a key topic of discussion [1] - Data centers and AI are areas of interest for Apollo Global [1] - The discussion includes insights on the economy and private equity [1] Apollo Global Management Personnel - Marc Rowan, Apollo Global Management CEO, is featured [1] - Torsten Sløk, Apollo Global Management partner and chief economist, is featured [1] - John Cortese, Apollo Global Management's co-head of corporate credit, is featured [1] - Stephanie Drescher, Apollo Global Management Chief Client & Product Development Officer, is featured [1] - Scott Kleinman, Apollo Asset Management Co-President, is featured [1] - Michael Downing, Athene (ATH-PA) COO, is featured [1]

Almost a third of billionaires surveyed by UBS are looking to cut contributions to private equity vehicles over the next 12 months https://t.co/AE2gvcKo5m ...