sei settles apollo's private credit in 390ms vs 30 days in tradfi. that's 6.7 million percent faster settlement unlocking $650b in previously frozen liquidity. every basis point of apollo's aum that moves on-chain adds $65m tvl to sei. current sei tvl: $400m. do the math on that multiple ...

Private credit titans like Goldman and Apollo are jockeying for more deals in Saudi Arabia, where banks are facing weak liquidity https://t.co/7RLRUrawzt ...

Core Insights - Franklin Resources Inc. has completed the acquisition of Apera Asset Management, enhancing its alternatives platform and expanding its presence in Europe's lower middle market [1][4]. Company Overview - Apera Asset Management, based in London with offices in Munich, Paris, and Luxembourg, is a pan-European private credit firm managing €5 billion (approximately $5.868 billion) [2]. - Founded in 2016, Apera focuses on providing senior secured private capital to private equity-backed companies in Western Europe, particularly in the lower middle market [7]. Market Context - The private credit market is rapidly growing, with Moody's projecting that assets under management (AUM) in this sector will reach $3 trillion by 2028 [5]. - Small and medium-sized enterprises (SMEs) represent 99% of the European Union's 32.3 million enterprises, indicating a significant opportunity in the lower middle market, which has been constrained by limited bank lending [3]. Strategic Implications - The acquisition increases Franklin Templeton's alternative credit AUM to $90 billion, raising its total alternative AUM to approximately $270 billion, solidifying its position as a leading manager of alternative assets [4][6]. - The integration of Apera is expected to diversify Franklin Templeton's geographic exposure and enhance its capabilities within the private credit asset class [6].

>> FROM NEW YORK CITY FOR OUR VIEWERS WORLDWIDE, BLOOMBERG REAL YIELD STARTS RIGHT NOW. SCARLET: COMING UP, THE LONG-AWAITED AND LONG DELAYED TO SEPTEMBER CPI REPORT WAS BENIGN, SHOWING INFLATION AT THE SLOWEST PACE IN THREE MONTHS. OFFERING A PATH FOR THE FEDERAL RESERVE TO CUT INTEREST RATES BEYOND NEXT WEEK'S MEETINGS.SOME OF THE BIGGEST VOICES ON THE STREET WEIGHING IN ON POSSIBLE CRACKS IN THE CREDIT MARKET. WE BEGIN WITH A BIG ISSUE, A SOFTER THAN EXPECTED CPI PRINT. >> IT IS GENERALLY A BETTER-THAN-E ...

Group 1 - The recent CPI report indicates inflation is at its slowest pace in three months, which may lead the Federal Reserve to consider interest rate cuts beyond the upcoming meetings [1][4][7] - Traders are now expecting nearly four quarter-point cuts by June 2026, reflecting a shift in market sentiment following the CPI data [4][5] - The core inflation rate, excluding food and energy, showed a gain of 0.20%, which is better than expected, reinforcing the case for potential rate cuts [4][10] Group 2 - Concerns are raised about the credit market, with some analysts noting potential cracks due to recent economic data and consumer sentiment [2][31] - The bond market is facing a dilemma as inflation remains elevated above the Fed's 2% target, complicating the rationale for rate cuts [8][10] - The sovereign debt market is expected to crowd out corporate debt due to increased global spending, particularly in developed markets [21][22] Group 3 - The high-yield credit spread is starting to widen, which some view as an opportunity to add selective exposure in certain sectors [31][36] - There is a notable divide in the economic landscape, with larger companies managing better through economic changes compared to small and medium-sized businesses [18][19] - The current economic environment is characterized by a K-shaped recovery, where certain sectors are thriving while others, particularly lower-income segments, are struggling [15][20]

Core Viewpoint - The private-markets firm has experienced a significant decline in its stock this year due to concerns regarding private credit, despite previously enjoying a remarkable rise. Analysts from Goldman Sachs and others now consider the firm to be undervalued [1] Group 1 - The firm has seen its stock tumble this year, indicating a shift in market sentiment [1] - Concerns over private credit have been a major factor contributing to the stock's decline [1] - Analysts from Goldman Sachs and other institutions are now labeling the firm as undervalued, suggesting potential investment opportunities [1]

In Going Private, our twice-weekly newsletter on private markets, we look at how private credit is biting back at critics https://t.co/KvBbBWGPMf ...

Christina Lee, Managing Director and Co-Portfolio Manager for Oaktree's U.S. Private Debt strategy, says mezzanine debt is a niche product attracting renewed interest because it offers fixed rates. She tells Romaine Bostick on "The Close" that investors are drawn to its ability to lock in yields. ...

John, thank you so much for joining this morning. >> Great to be here. >> So, a surge in profits, deals abound, exits were robust.Is this the starting gun fired off. >> It does feel a bit of that. Uh Danny, it's great uh to be here to be talking about it.We had a heck of a quarter. What we saw here was we delivered for our customers. That's the most important thing in terms of returns.We really leaned into digital and energy infrastructure. We also saw big inflows as well, 50 plus billion dollars and all of ...

Core Insights - Recent success in the financial sector is primarily driven by a boom in private credit rather than equity markets [1] - There are indications that the current trend in private credit may have reached a peak or "baroque period" [1] Private Credit Boom - The growth in private credit has significantly outpaced traditional equity investments [1] - This shift suggests a changing landscape in investment strategies and opportunities within the financial industry [1]