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Abacus Global Management Announces Successful Completion of Exchange Offer and Consent Solicitation
Globenewswire· 2025-07-30 21:54
Core Points - Abacus Global Management, Inc. has completed its exchange offer and consent solicitation for outstanding public and private placement warrants, resulting in the issuance of 4,183,160 shares of common stock [1][2] - The company has amended the warrant agreement to exchange each outstanding warrant for 0.207 shares of common stock, which is 10% less than the initial exchange ratio [2] - Following the completion of the offer and post-offer exchange, all warrants will be eliminated, and public warrants will be delisted from Nasdaq on August 14, 2025 [3] Company Overview - Abacus Global Management specializes in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services [5] - The company focuses on longevity-based assets and personalized financial planning, utilizing proprietary data analytics and industry expertise to enhance financial outcomes for clients [5]
Q1 Trading Statement for the three months ended 30 June 2025
Globenewswire· 2025-07-16 06:00
Core Viewpoint - Intermediate Capital Group (ICG) reported strong growth in assets under management (AUM) and fundraising activities for the first quarter of FY26, indicating a positive investment landscape and robust demand for its funds [2][4][12]. AUM Performance - As of June 30, 2025, ICG's AUM reached $123 billion, reflecting a 3% growth over the last three months and a 15% increase year-on-year, with a compound annual growth rate (CAGR) of 18% over the last five years [2][4]. - Fee-earning AUM stood at $82 billion, up 4% in the quarter and 11% year-on-year [2][4]. Fundraising and Deployment - Total fundraising for Q1 FY26 amounted to $3.4 billion, driven primarily by Europe IX ($1.5 billion) and Infrastructure Europe II ($1.2 billion) [3][4]. - The deployment of funds in Q1 FY26 was $2.8 billion, with realisations totaling $1.1 billion [3][4]. Investment Strategies - The investment landscape remains attractive for various strategies, including structured capital, secondaries, and real assets equity [4]. - Infrastructure Europe II has shown strong momentum, with a total fund size of €2.5 billion, significantly higher than its predecessor [4]. Financial Metrics - At the end of Q1 FY26, ICG had $34 billion in dry powder, indicating substantial available capital for future investments [5]. - The balance sheet investment portfolio was valued at £2.9 billion, with total available liquidity of £1.1 billion and net financial debt of £477 million [14]. Foreign Exchange Rates - The average GBP to EUR exchange rate for Q1 FY26 was 1.1759, while the GBP to USD rate was 1.3507, reflecting fluctuations that may impact international operations [9]. Company Overview - ICG is a global alternative asset manager with over three decades of experience, focusing on generating attractive returns across various investment strategies [12][13].
Brookfield Corporation to Host Second Quarter 2025 Results Conference Call
Globenewswire· 2025-07-11 17:45
Group 1 - Brookfield Corporation will host its Q2 2025 conference call and webcast on August 7, 2025, at 10:00 am (ET) with results released at approximately 7:00 am (ET) [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 [1] - Brookfield Corporation has delivered over 15% annualized returns to shareholders for more than 30 years, supported by its investment and operational experience [2] Group 2 - The company operates with a conservatively managed balance sheet and extensive operational experience, allowing consistent access to unique investment opportunities [2] - The Brookfield Ecosystem is a fundamental principle of the organization, where each group benefits from being part of the broader entity [2] - Brookfield Corporation is publicly traded on both the New York Stock Exchange and the Toronto Stock Exchange under the ticker BN [2]
FSK Announces Earnings Release and Conference Call Schedule for Second Quarter 2025
Prnewswire· 2025-07-10 20:15
Group 1 - FS KKR Capital Corp. plans to release its second quarter 2025 results after the close of trading on August 6, 2025 [1] - A conference call to discuss the second quarter 2025 results will be held on August 7, 2025, at 9:00 a.m. Eastern Time, accessible via live webcast [2] - An investor presentation of financial information will be available on the company's website after the market close on August 6, 2025 [4] Group 2 - FS KKR Capital Corp. is a publicly traded business development company focused on providing customized credit solutions to private middle market U.S. companies [5] - The company primarily invests in senior secured debt and, to a lesser extent, subordinated debt of private middle market companies [5] - FS KKR is advised by FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit [6] Group 3 - FS Investments manages over $85 billion in assets and provides access to a broad suite of alternative asset classes and strategies [7] - The firm has more than 500 employees across offices in the U.S., Europe, and Asia, and is headquartered in Philadelphia [7] - KKR Credit, a subsidiary of KKR & Co. Inc., aims to generate attractive investment returns through a disciplined investment approach [8]
Patria Announces Second Quarter 2025 Investor Call
Globenewswire· 2025-07-08 12:30
Group 1 - Patria will release its financial results for Q2 2025 on August 1, 2025, and will host a conference call at 9:00 a.m. ET [1] - The company distributes its earnings releases via its website and email lists, allowing interested parties to sign up for updates [2] - Patria is a global alternative asset management firm with a focus on the mid-market segment, managing over $45 billion in assets [2] Group 2 - The firm specializes in resilient sectors such as agribusiness, power & energy, healthcare, logistics & transportation, food & beverage, and digital & tech services [3] - Investment regions include Latin America, Europe, and the U.S. [3] - Patria has 36 years of experience and aims to deliver attractive returns while promoting inclusive and sustainable development [2]
Apollo to Announce Second Quarter 2025 Financial Results on August 5, 2025
Globenewswire· 2025-06-27 12:00
Core Viewpoint - Apollo is set to release its financial results for Q2 2025 on August 5, 2025, before market opening, with a management review scheduled for 8:30 am EDT [1] Company Overview - Apollo is a high-growth global alternative asset manager with a focus on providing clients with excess returns across various risk-reward spectrums, including investment grade credit and private equity [3] - The company has over three decades of investing expertise and manages approximately $785 billion in assets as of March 31, 2025 [3] - Through its retirement services business, Athene, Apollo offers a range of retirement savings products aimed at helping clients achieve financial security [3]
Trinity Capital Inc. Prices Offering of $125.0 Million of 6.75% Notes due 2030
Prnewswire· 2025-06-26 23:15
Core Viewpoint - Trinity Capital Inc. has announced an upsized underwritten public offering of $125.0 million in aggregate principal amount of 6.75% notes due 2030, aimed at paying down existing indebtedness [1][2]. Group 1: Offering Details - The offering consists of 6.75% notes that will mature on July 3, 2030, and can be redeemed at the company's option at par plus a "make whole" premium [1]. - The notes are unsecured and will bear interest at a rate of 6.75% per year, with interest payments commencing on January 3, 2026 [1]. - The offering is expected to close on July 3, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to pay down a portion of the existing indebtedness under the KeyBank Credit Facility [2]. Group 3: Company Overview - Trinity Capital Inc. is an international alternative asset manager focused on delivering consistent returns through access to private credit markets [6]. - The company operates in five distinct business verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences [6]. - Trinity Capital is headquartered in Phoenix, Arizona, with a dedicated team located across the United States and in London [6].
Brookfield Corporation Announces Results of Conversion of its Series 42 Preferred Shares
Globenewswire· 2025-06-23 20:45
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]
Abacus Global Management Responds to False Short Report – Revenues Consistent with 20-Year Track Record
Globenewswire· 2025-06-04 19:48
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 ...
Proteus MHP Announces Significant Equity Commitment from GCM Grosvenor's Real Estate Platform
GlobeNewswire News Room· 2025-06-03 12:00
Core Insights - Proteus MHP has secured a $60 million equity commitment from GCM Grosvenor to enhance its operations in manufactured housing communities [1][2] - The partnership aims to create a programmatic joint venture that will provide over $150 million in buying power for acquiring and operating manufactured housing communities across the U.S. [2] - Proteus MHP, founded in 2022, currently owns and operates 21 communities and has three additional assets under contract, focusing on quality, attainable housing [3][4] Company Overview - Proteus MHP is a private real estate investment and operating firm dedicated to acquiring and improving manufactured housing communities [6] - The firm is led by co-founders Bowen Hsu and Marcus Consunji, who have over 30 years of combined real estate experience and have executed transactions exceeding $5 billion [3][6] - The operational platform of Proteus MHP integrates acquisitions, asset management, and property operations to enhance long-term value and resident satisfaction [4] Investment Strategy - GCM Grosvenor's Real Estate platform, managing over $6 billion in assets, focuses on middle-market opportunities through joint ventures and strategic partnerships [5] - The investment in Proteus MHP reflects GCM Grosvenor's strategy to partner with niche operators and scalable platforms to outperform in evolving market conditions [5] - The collaboration is expected to leverage strategic capital improvements and hands-on management to generate attractive, risk-adjusted returns [4][5]