Centerbridge Partners joined the ranks of many alternatives managers that see accessing 401(k) retirement funds as a logical next step for private credit firms https://t.co/PG4IUIkf4F ...

Want to learn more? Join the next Money Moves where @AesPoker, @kevinlichan, @itsbhaji, @offerijns, and @MorganKrupetsky unpack this strategic partnership and launch.DeFi Meets Private Credit, and it’s happening on Avalanche.https://t.co/Vt5qxMPEFP https://t.co/5bvtwm3kdX ...

Sector Focus - Private credit sector is potentially undervalued within the Real World Assets (RWAs) space [1] Market Trend - Discusses the "golden bull run" in private credit [1]

Yes – Goldman Sachs is on the prowl for acquisitions, and it isn’t alone on Wall Street – but they may not be the deals you’ve been reading about.The speculation about Goldman buying Northern Trust (yes, I have been reporting it for years) is, at this point, likely nothing more than that, sources told On The Money. Northern Trust shares are up 20% on the chatter, but its CEO has been dismissive – and so are the people at Goldman, I am told.For one, Goldman CEO David Solomon doesn’t like overpaying, which is ...

Private Credit Market - Private credit plans to tap into the $12 trillion pool of US retirement savings [1] Newsletter Focus - The newsletter "Going Private" focuses on private markets [1]

Blackstone (BX) Q2 2025 Earnings Call July 24, 2025 09:00 AM ET Company ParticipantsWeston Tucker - Senior MD & Head of Shareholder RelationsStephen Schwarzman - Chairman, CEO & Co-FounderJonathan Gray - President & COOMichael Chae - Vice Chairman & CFOAlex Blostein - Managing DirectorCraig Siegenthaler - Managing DirectorMichael Cyprys - Managing DirectorBrian Mckenna - Director - Equity ResearchSteven Chubak - Managing DirectorBen Budish - DirectorConference Call ParticipantsGlenn Schorr - Senior MD & Sen ...

Financial Data and Key Metrics Changes - The company reported GAAP net income for Q2 2025 of $1,600,000,000, with distributable earnings also at $1,600,000,000 or $1.21 per common share, reflecting a 25% year-over-year increase [5][6][31] - Fee-related earnings grew 31% year-over-year, contributing to total fee revenues of $2,500,000,000, up 27% year-over-year [6][30] - Total assets under management (AUM) increased 13% year-over-year to a record $1,200,000,000,000, supported by inflows of $52,000,000,000 in Q2 and $212,000,000,000 over the last twelve months [7][30] Business Line Data and Key Metrics Changes - The private credit platform has grown significantly, with AUM reaching $484,000,000,000, up threefold in the past five years, and revenue from this platform increasing more than fourfold [16] - The private wealth channel has seen AUM grow to nearly $280,000,000,000, with revenue from flagship vehicles exceeding $700,000,000 in Q2 [22] - Infrastructure AUM rose 32% year-over-year to $64,000,000,000, supported by strong investment performance [25] Market Data and Key Metrics Changes - The company noted a favorable economic backdrop with resilient growth and declining inflation, which may allow the Federal Reserve to lower interest rates over time, positively impacting asset values [11][12] - The U.S. stock market reached record levels, and M&A activity, particularly sponsor M&A, is accelerating, indicating a more conducive environment for transactions [13][27] Company Strategy and Development Direction - The company is focusing on expanding its platforms in private wealth, credit, and insurance, as well as launching new funds in its drawdown area [6][7] - The firm aims to capitalize on the $12,000,000,000,000 U.S. defined contribution channel, which could provide significant growth opportunities [7] - The company is well-positioned to navigate the current dynamic environment, with a strong portfolio concentrated in compelling sectors and $181,000,000,000 of dry powder available for investment [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a favorable environment for deal-making, with a significant pipeline of potential IPOs and increased transaction activity expected [27][90] - The company anticipates an acceleration in net realizations as the market stabilizes and transaction activity increases [39] - Management highlighted the importance of technological innovation and economic fundamentals as key growth catalysts [8][11] Other Important Information - The company has launched BMAX, a multi-asset credit product aimed at expanding access to the private credit universe for individual investors [24][102] - The partnership with Legal and General aims to manage investment-grade private credit solutions, targeting up to $20,000,000,000 over the next five years [19][116] Q&A Session Summary Question: Credit demand and implications on fee rates - Management noted that demand for private credit remains robust, with clients focused on the enduring premium between liquid markets and private credit, which should support continued growth [44][46] Question: Real estate recovery expectations - Management indicated that the recovery in real estate is a matter of timing, with new supply declining and cost of capital improving, leading to a more favorable supply-demand dynamic [52][56] Question: Strategic partners and fundraising outlook - Management highlighted strong returns in the secondary fund segment, driven by significant new purchases and good appreciation in underlying funds, with a positive outlook for fundraising [61][64] Question: Retirement opportunity set and access to alternatives - Management expressed optimism about the potential for alternatives in defined contribution plans, particularly in target date funds, but emphasized the need to wait for regulatory developments [70][74] Question: Fee-related performance revenues outlook - Management provided insights on expected performance revenues, indicating a modest amount from certain funds in the upcoming quarters, with a focus on layering various products for future earnings power [108][112]

Brazilian securitization firm VERT has launched a blockchain-based private credit platform on the XRP Ledger, debuting with a $130 million issuance of an Agribusiness Receivables Certificate. By @shauryamalwa.https://t.co/KbjlRI3d3U ...

Private Credit Market Growth - Private markets have expanded significantly, reaching a $13 trillion valuation [1] - The private credit industry tripled in value from $517 billion in 2015 to over $1.7 trillion in 2025 [1] - The industry is expected to increase by 50% in the next 4 years [1] Risks and Concerns - Regulators and investors are concerned about the risks associated with private credit's rapid growth [1] - Systemic risks are a concern due to the size of the private credit market [2] - Rising interest rates pose a significant risk, potentially straining borrowers' balance sheets [2] - Default rates are expected to rise, regardless of a recession [2] - Private credit loans are hard to value, and defaults could occur rapidly if the economy weakens [2]

🇧🇷 LATEST: Brazil’s top fund management firm VERT launches a blockchain platform on XRPL to manage private credit operations.The first live transaction is a CRA issuance valued at $130M. https://t.co/c32y3FnMZz ...