Financial Data and Key Metrics Changes - The company reported second quarter revenues of $155 million and first half revenues of $367 million, with first half revenues flat year-over-year [4] - Adjusted compensation margin remained at 67% of revenues, while adjusted non-compensation expense for the quarter was $36 million, a significant drop from the prior year [9][10] - Compensation expenses for the first half totaled $86 million, up 9.5% from the same period last year, with a mid-single-digit increase expected for the full year [10] Business Line Data and Key Metrics Changes - The business broadened out by industry, product, and geography, resulting in a higher average fee per engagement [4] - The acquisition of Devon Park Advisors is expected to significantly enhance the company's private funds advisory capabilities, impacting revenue mix positively [7][8] Market Data and Key Metrics Changes - The company noted that while transactions are taking longer to convert into announcements, there is a growing level of client dialogue and related mandates [5] - The restructuring business is trending toward a record year, indicating strong activity levels despite previous market uncertainties [52] Company Strategy and Development Direction - The company is focused on building its business through significant investments in senior talent, with plans to add six partners and three managing directors by year-end [6] - The acquisition of Devon Park Advisors aligns with the company's strategy to enhance its service offerings to alternative asset managers, reflecting a commitment to growth in private capital [7][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a broader acceleration in announcements, despite current challenges in closing large transactions [5] - The tone of client engagement has improved since April and May, with a return to more typical announcement cadence observed in July [18] Other Important Information - The company returned an additional $24 million to equity holders in the second quarter through various means, including dividends [10] - The company has maintained a quarterly dividend of $0.07 per share and has returned over $675 million to equity holders since going public [11] Q&A Session Summary Question: Clarification on gross fee backlog and engagement momentum - Management clarified that backlog refers to announced and pending transactions, while the pipeline includes all engagement activity, which is currently at peak levels [16][17] Question: Revenue outlook for the remainder of the year - Management refrained from providing specific revenue guidance but expressed confidence in broadening the revenue base and improving engagement levels [31][33] Question: Large cap deal outlook and restructuring activity - Management noted an increase in large-scale transactions and strong activity in the restructuring business, indicating a positive trend moving forward [48][52] Question: Hiring scale and capital return aspirations - Management indicated no limitations on hiring more partners and managing directors, focusing on cultural fit and strategic alignment [58][62]

Core Insights - Patria reported strong fundraising results of $1.3 billion in Q2 2025, bringing total fundraising for the first half of 2025 to approximately $4.5 billion, with expectations to exceed the initial full-year target of $6 billion by 5%-10% [2] - The company generated Fee Related Earnings (FRE) of $46 million in Q2 2025, reflecting a year-over-year growth of 17%, with an FRE margin of 56.8% [3] - Patria declared a quarterly dividend of $0.15 per share, payable on September 15, 2025, to shareholders of record as of August 15, 2025 [4] Financial Performance - Patria's net income attributable to the company in Q2 2025 was $12.9 million, with Distributable Earnings reported at $38.8 million, or $0.24 per share [3] - The annualized organic growth rate for the first half of 2025 exceeded 8%, with over $600 million in organic net inflows [2] Shareholder Actions - The board of directors authorized a new share repurchase program, allowing for the repurchase of up to 3 million Class A common shares over a period starting in August 2025 until August 2026, depending on market conditions [5] Company Overview - Patria is a global alternative asset management firm focused on mid-market segments, with a strong presence in Latin America and Europe, managing over $48 billion in assets [8]

Financial Performance - Fee Related Earnings (FRE) reached $887 million ($0.98/adj share) for the quarter, a 17% year-over-year increase[19] - Total Operating Earnings (TOE) amounted to $1.2 billion ($1.33/adj share) in the quarter, reflecting a 14% year-over-year growth[19] - Adjusted Net Income (ANI) was $1.1 billion ($1.18/adj share) for the quarter, up 9% year-over-year[19] - On a last-twelve-month (LTM) basis, FRE totaled $3.6 billion ($3.96/adj share), up 34% year-over-year, while TOE reached $4.7 billion ($5.19/adj share), up 26% year-over-year, and ANI was $4.5 billion ($4.98/adj share), up 27% year-over-year[19] - GAAP Net Income Attributable to KKR Common Stockholders was $0.5 billion for the quarter and $0.3 billion year-to-date[16] Assets Under Management - Assets Under Management (AUM) reached $686 billion, a 14% increase year-over-year[19] - Fee Paying Assets Under Management (FPAUM) totaled $556 billion, also up 14% year-over-year[19] - New capital raised in the quarter was $28 billion, and $109 billion for the last twelve months[19] - Capital invested during the quarter was $18 billion, and $83 billion for the last twelve months[19] Strategic Initiatives - KKR closed on a majority stake in HealthCare Royalty Partners, adding approximately $3 billion to AUM[22] - Japan Post Insurance announced a $2 billion investment in a new vehicle sponsored by Global Atlantic[62]

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]

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].

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]

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]

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]

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]

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].