Group 1 - Brookfield Corporation announced that there will be no conversion of its Cumulative Class A Preference Shares, Series 42 into Series 43, as only 10,420 shares were tendered for conversion, which is below the one million shares required [1] - The company focuses on building long-term wealth through three core businesses: Alternative Asset Management, Wealth Solutions, and Operating Businesses in renewable power, infrastructure, business and industrial services, and real estate [2][3] - Brookfield has a track record of delivering over 15% annualized returns to shareholders for more than 30 years, supported by its investment and operational experience [3] Group 2 - The company maintains a conservatively managed balance sheet and extensive operational experience, allowing it to access unique investment opportunities [3] - The Brookfield Ecosystem is a fundamental principle of the organization, where each group benefits from being part of the broader organization [3] - Brookfield Corporation is publicly traded on both the New York Stock Exchange and the Toronto Stock Exchange [3]

ORLANDO, Fla., June 04, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leader in the alternative asset management space, today provided the following response to a false and misleading short attack. Abacus has been buying and selling life insurance policies for over two decades with long-standing and trusted counter-party relationships. If Abacus used flawed data causing over-valuation of the underlying insurance product assets, the Company would be goin ...

CHICAGO and LOS ANGELES, June 03, 2025 (GLOBE NEWSWIRE) -- Proteus MHP, a private real estate investment and operating firm focused on manufactured housing communities, today announced a $60 million equity commitment from GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider with approximately $82 billion in assets under management. The investment is being made by GCM Grosvenor’s Real Estate platform through various GCM Grosvenor-managed investment vehicles. The capital will ...

Apollo Global Management (NYSE: APO ) is one of the world's leading alternative asset managers, with more than $785 billion under management , and with around $380 billion via Athene, its insurance subsidiary. Despite the complexity of its incomeMy investing approach blends macroeconomic analysis with valuation models, including DCF, multiple-based analysis. I pay close attention to financial structure, free cash flow generation, and capital allocation discipline. I’m particularly drawn to companies undergo ...

CHICAGO, May 27, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Jon Levin, President of GCM Grosvenor, will present at the Morgan Stanley 2025 U.S. Financials, Payments & Commercial Real Estate Conference on Tuesday, June 10, 2025, at 3:15 PM EDT. A link to the live audio webcast of the presentation will be available on GCM Grosvenor’s public shareholders website and the event website. For those unable to listen to the li ...

CHICAGO, May 21, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor, will present at the William Blair 45th Annual Growth Stock Conference on Wednesday, June 4 at 8:40 a.m. CDT. A link to the live audio webcast of the presentation will be available on GCM Grosvenor’s public shareholders website and the event website. For those unable to listen to the live a ...

Core Insights - Abacus Global Management, Inc. reported exceptional financial results for the first quarter of 2025, with total revenue more than doubling year-over-year to $44.1 million, driven by increased revenues from Life Solutions and asset management fees from recent acquisitions [1][6][2] Financial Performance - Total revenue for Q1 2025 was $44.1 million, compared to $21.5 million in Q1 2024, representing a growth of over 105% [6] - GAAP net income for Q1 2025 was $4.6 million, a significant turnaround from a net loss of $1.3 million in the prior-year period [6] - Adjusted net income grew 158% year-over-year to $17.3 million, up from $6.7 million in Q1 2024 [6] - Adjusted EBITDA more than doubled to $24.5 million, compared to $11.6 million in the prior-year period, with an adjusted EBITDA margin of 55.6% [6][27] Capital and Liquidity - As of March 31, 2025, the company had cash and cash equivalents of $43.8 million and total assets of $856.5 million [4][22] - The company reported outstanding long-term debt of $238.0 million [4] Growth and Market Position - The company attracted $122.8 million in capital inflows for its newly launched funds within the first month, indicating strong market demand [2] - The number of policies held increased to 753 from 322 year-over-year, reflecting growth in the company's Life Solutions segment [6] 2025 Outlook - The company maintains its full-year 2025 outlook for adjusted net income between $70 million and $78 million, implying growth of 51% to 68% compared to 2024 [7]

Financial Data and Key Metrics Changes - Total revenue for the fiscal third quarter of 2025 was $3.2 million, reflecting a 15% year-over-year growth [6][17] - Fee-paying assets under management (AUM) increased by 15% year-over-year, reaching approximately $565 million [7][17] - The company reported a net loss of $4.5 million for the quarter, compared to a net loss of $2.9 million in the prior year period [17] Business Line Data and Key Metrics Changes - The company launched Monomoy Construction Services through the acquisition of Greenfield CRE, enhancing its real estate capabilities [6][11] - Base management fees from Great Elm Capital Corp (GECC) grew over 40% year-over-year to $1.3 million [9] - Great Elm Credit Income Fund delivered returns on invested capital of approximately 13.9% net of fees since inception [10] Market Data and Key Metrics Changes - GECC raised approximately $147 million through equity and debt issuances in calendar year 2024, contributing to the growth in fee-paying AUM [7] - GECC generated record total investment income of $12.5 million, marking the highest cash income quarter in the company's history [8] Company Strategy and Development Direction - The company is focused on expanding its core credit and real estate platforms as part of its long-term growth strategy [6] - The acquisition of Greenfield CRE is expected to create revenue and operational synergies, enhancing the overall real estate value proposition [11][15] - The company aims to evaluate strategic opportunities to expand its businesses and add differentiated product offerings with attractive risk-adjusted return profiles [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of unrealized losses related to investments as market conditions stabilize [13][18] - The company remains committed to executing development projects to drive profitability and deliver value for both tenants and shareholders [10][15] Other Important Information - The company has approximately $32 million in cash available to facilitate continued growth across its asset management platforms [7][18] - Share repurchase program executed with approximately 4.8 million shares repurchased for $8.7 million at an average cost of $1.84 per share, representing a 15% discount to the quarter-end book value per share of $2.14 [12][13] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with closing comments from the CEO [19][20]

Financial Data and Key Metrics Changes - Total revenue for the fiscal third quarter of 2025 was $3.2 million, reflecting a 15% year-over-year growth [6][16] - Fee-paying assets under management (AUM) increased by 15% year-over-year, reaching approximately $565 million [6][16] - The company reported a net loss of $4.5 million for the quarter, compared to a net loss of $2.9 million in the prior year period [16][17] - Adjusted EBITDA for the quarter was $500,000, down from $1.2 million in the prior year [17] Business Line Data and Key Metrics Changes - The company launched Monomoy Construction Services through the acquisition of Greenfield CRE, enhancing its real estate capabilities [5][11] - Great Elm Capital Corp (GECC) raised approximately $147 million through equity and debt issuances, contributing to a 40% increase in fee-paying AUM at GECC [6][7] - Base management fees from GECC grew over 40% year-over-year to $1.3 million [9] Market Data and Key Metrics Changes - The company ended the quarter with approximately $32 million in cash, positioning it well for future growth amid market volatility [13][17] - GECC generated record total investment income of $12.5 million, marking the highest cash income quarter in the company's history [7] Company Strategy and Development Direction - The company is focused on expanding its core credit and real estate platforms as part of its long-term growth strategy [5][15] - The acquisition of Greenfield CRE is expected to provide revenue and cost synergies, enhancing the overall real estate value proposition [11][14] - The company aims to evaluate strategic opportunities to expand its businesses and add differentiated product offerings with attractive risk-adjusted return profiles [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of unrealized losses related to investments as market conditions stabilize [13][17] - The company remains focused on enhancing financial performance and growing AUM, with a strong liquidity position to support future growth initiatives [14][15] Other Important Information - The company has repurchased approximately 4.8 million shares for $8.7 million under its $20 million buyback program, achieving an average cost of $1.84 per share [12][13] - The net loss for the quarter was primarily driven by unrealized losses related to investments marked lower amid broader market volatility [13][17] Q&A Session Summary Question: What are the expectations regarding the recovery of unrealized losses? - Management remains highly confident that the unrealized losses will reverse over time as market conditions stabilize [13][17] Question: How is the company positioned for future growth? - The company has a strong liquidity position with approximately $32 million in cash, enabling it to support future growth initiatives across its alternative asset management platform [13][14]

Company to Host Conference Call at 8:30 a.m. ET on May 8, 2025PALM BEACH GARDENS, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal third quarter ended March 31, 2025. Fiscal Third Quarter 2025 and Recent Highlights In February 2025, Great Elm acquired the assets of Greenfield CRE and formed Monomoy Construction Services, LLC (“MCS”), combining the ass ...