Key Takeaways Apollo is considering a second U.S. headquarters in Florida or Texas to expand beyond New York.The move targets high-growth markets with tax benefits, rising wealth and strong investor access.Expansion aligns with industry shift and may boost AUM growth and fee-related revenues over time.Apollo Global Management (APO) is reportedly considering opening a second U.S. headquarters in either South Florida or Texas, according to a Financial Times article published on MSN. The move reflects the comp ...

Waterfall worked directly with Acram Group to source, structure and originate the financing, further strengthening the firm's ongoing relationship with the borrower. Waterfall Asset Management Originates $19.5 Million Loan to Support Acquisition of Greenwich Village Retail Property Accessibility StatementSkip Navigation NEW YORK, March 27, 2026 /PRNewswire/ -- Waterfall Asset Management ("Waterfall"), an alternative investment manager focused on specialty finance opportunities within asset-backed credit ...

CHICAGO, March 26, 2026 (GLOBE NEWSWIRE) -- XA Investments LLC (XAI), a Chicago-based alternative investment management and consulting firm, announced that Lauren Michalak has joined the firm as a managing director and head of product development and strategy, leading efforts in those areas for the firm’s proprietary closed-end funds. She will also serve the firm’s interval fund consulting clients and research clients. “Lauren has spent two decades operating at the intersection of product innovation, strate ...

Key Takeaways T. Rowe Price unveils OFLEX, a multi-strategy credit interval fund for wealth clients.The fund invests across private and public credit, including CLOs, direct lending and special situations.OFLEX offers quarterly liquidity and an all-weather strategy targeting stable income and downside risk.T. Rowe Price Group, Inc. (TROW) and Oak Hill Advisors (“OHA”) have announced the launch of the T. Rowe Price OHA Flexible Credit Income Fund (OFLEX). The move marks another step in their efforts to expan ...

Core Insights - Waterfall Asset Management has successfully closed a $127 million refinancing deal for the Chesterbrook Campus, a 1.1 million-square-foot Class A office complex located in the Philadelphia region [1][2]. Company Overview - Waterfall Asset Management specializes in alternative investments, focusing on asset-backed credit, whole loans, and real assets, and has been operational since 2005 [5]. - The firm employs a relative value approach across over 60 sectors in the asset-based finance arena, aiming to provide clients with a compelling risk/return profile [5]. Investment Details - The refinancing structure is designed to support leasing activities and capital improvements at Chesterbrook Campus, which is managed by Rubenstein Partners [2][3]. - Chesterbrook Campus is recognized as one of the largest office parks in the region, with significant capital improvements exceeding $50 million since its acquisition by Rubenstein in 2019 [3][7]. Property Features - The campus includes "The Circuit," a 41,331-square-foot amenity center that offers various facilities for tenants, including a food hall and co-working spaces [6][7]. - The property benefits from superior connectivity, being located near major highways and public transport options, enhancing its attractiveness to tenants [10]. Strategic Vision - Rubenstein's business plan focuses on continued leasing initiatives and targeted capital improvements to position Chesterbrook as a premier workplace destination in suburban Philadelphia [4].

Core Viewpoint - GCM Grosvenor has appointed Steven Novick as Managing Director in its Business Development team to enhance client engagement and support growth in Europe, where the firm manages $10.4 billion in assets under management (AUM) across over 40 clients [1][2]. Group 1: Appointment and Role - Steven Novick brings over 20 years of experience in private markets fundraising, focusing on private equity, credit, and infrastructure [2]. - In his new role, Novick will leverage his global relationships to provide clients with access to alternative investment strategies, particularly in Europe and the Nordic region [2]. Group 2: Company Background - GCM Grosvenor manages approximately $91 billion in AUM across various investment strategies, including private equity, infrastructure, real estate, credit, and absolute return [5]. - The firm has over 550 professionals serving a global client base and has specialized in alternative investments for more than 50 years [5][6]. Group 3: Leadership Statements - Jon Levin, President of GCM Grosvenor, emphasized that Novick's extensive fundraising experience and investor relationships will be crucial for expanding European client partnerships [3]. - Novick expressed enthusiasm about joining GCM Grosvenor, highlighting the firm's strong reputation and diverse investment capabilities [4].

Financial Data and Key Metrics Changes - For Q4 2025, Vinci Compass generated Fee Related Earnings (FRE) of BRL 80.4 million or BRL 1.23 per share, with a FRE margin of 32.6% [3] - Full year 2025 FRE reached BRL 188.4 million or BRL 4.52 per share, with a FRE margin of 30.4% [3] - Adjusted Distributable Earnings for Q4 2025 were BRL 81.3 million or BRL 1.24 per share, while for the full year, it totaled BRL 292.4 million or BRL 4.58 per share, reflecting 22% nominal growth [34] Business Line Data and Key Metrics Changes - The credit vertical delivered approximately BRL 3 billion of capital formation appreciation in Q4, contributing to a total of roughly BRL 10 billion for the full year, with credit AUM reaching BRL 36 billion, up 25% year-over-year [22] - Management fees for Q4 2025 were BRL 220 million, up 29% year-over-year, driven by strategic transactions and strong fundraising momentum [29] - Advisory fees totaled BRL 15 million in Q4, showing a decrease year-over-year due to quieter deal activity [29] Market Data and Key Metrics Changes - Total Assets Under Management (AUM) reached BRL 354 billion, reflecting a 13% year-over-year growth [8] - The company ended the year with BRL 42 billion in capital formation and appreciation, indicating strong fundraising momentum across global IP&S and credit segments [9] Company Strategy and Development Direction - Vinci Compass aims to capture growth in alternatives in Latin America, leveraging synergies from its merger with Compass and the acquisition of Verde [6][8] - The company is focused on expanding its solutions set and deepening synergies between its teams, particularly in the infrastructure credit space [8][10] - The strategic rationale behind acquisitions is to enhance asset base and drive shareholder value through accretive transactions [18] Management's Comments on Operating Environment and Future Outlook - Management anticipates a gradual reduction in debt service costs and lower discount rates in Brazil, which could support growth in 2026 [13] - The company remains optimistic about its fundraising pipeline and expects continued momentum in FRE growth supported by the full contribution of Verde's revenue [31][34] - Management acknowledges potential volatility due to upcoming electoral cycles but believes the firm is well-positioned to navigate and capitalize on market dislocations [13][14] Other Important Information - The company declared a quarterly dividend of $0.17 per common share, payable on April 2nd to shareholders of record as of March 19th [3] - Vinci Compass has launched new products in collaboration with Verde, indicating early success in capturing synergies from the acquisition [10][52] Q&A Session Summary Question: Impact of elections on fundraising - Management noted that while elections are a variable, the main impact on fundraising will come from cyclicality related to interest rates, which could positively affect capital raising in cyclical asset classes [38][40] Question: Advisory fees expectations - Management expects advisory fees to be slightly lower in 2026 compared to 2025, with the first half of the year likely to remain soft due to lower deal activity [42][44] Question: M&A synergies and their impact - Management confirmed that there are still synergies to be captured from previous M&A activities, particularly from the Compass and Verde transactions, which are expected to contribute to results in 2026 [50][52] Question: Investment-related earnings expectations - Management indicated that unrealized investment-related earnings are expected to become more material in 2026, with potential contributions to distributable earnings as funds start returning capital [56][57] Question: Sentiment on private credit fundraising - Management expressed optimism about the credit vertical, noting that their diversified credit business is less affected by global private credit concerns, with a focus on institutional investors [60][62]

Blue Owl Capital Receives Seven 2025 PERE and Infrastructure Investor Awards Accessibility Statement Skip NavigationNEW YORK, March 4, 2026 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL) today announced that it has been recognized with three awards in the 2025 Private Equity Real Estate (PERE) Awards and four awards in the 2025 Infrastructure Investor Awards, the highest number of honors awarded to any real assets manager this year.The firm was named:- North America Deal of the Year: Hyperion ...

Core Viewpoint - Blackstone Inc. is acquiring Champions Group to enhance its position in the home services sector, aligning with its strategy to build platforms in fragmented industries [3][7]. Company Overview - Blackstone Inc. (NYSE:BX) is the world's largest alternative asset manager, with over $1 trillion in assets under management, serving both institutional and individual investors [4]. Acquisition Details - The perpetual private equity strategy fund (BXPE) of Blackstone has entered an agreement to acquire Champions Group from Odyssey Investment Partners [1][3]. - Champions Group is a leading home services company with over 1,800 field technicians and approximately 150,000 active members enrolled through a subscription model [2]. - The acquisition is expected to close in the first half of 2026, pending standard business approvals, although no financial details have been disclosed [3]. Strategic Alignment - The acquisition aligns with Blackstone's goal to expand into a multi-service powerhouse and reflects its strategy to grow through acquisitions in fragmented industries like home services [3].

Core Viewpoint - XAI Octagon Floating Rate & Alternative Income Trust plans to host a Quarterly Webinar on March 4, 2026, focusing on its investment strategies and performance [1] Group 1: Webinar Details - The webinar will be moderated by Kevin Davis, Managing Director at XA Investments, featuring Kimberly Flynn, President at XAI, and Lauren Law, Senior Portfolio Manager at Octagon Credit Investors [1] - Participants can join via web or telephone, with specific dial-in numbers provided for different locations [2] - A replay of the webinar will be available in the Knowledge Bank section of the XAI Investments website [2] Group 2: Trust Overview - The Trust's common shares are traded on the New York Stock Exchange under the symbol "XFLT" [3] - The investment objective of the Trust is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, primarily through investments in private credit markets [3] - Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in floating rate credit instruments and other structured credit investments [3] Group 3: Company Background - XA Investments LLC, founded in 2016, serves as the investment adviser for multiple closed-end funds, including the XAI Octagon Floating Rate & Alternative Income Trust [4] - XAI provides investment advisory services, fund structuring, and consulting services focused on registered closed-end funds [4] - XMS Capital Partners, established in 2006, is a global financial services firm providing M&A, corporate advisory, and asset management services [5] Group 4: Sub-Adviser Information - Octagon Credit Investors, serving as the Trust's investment sub-adviser, manages a $33.2 billion portfolio focused on below-investment grade corporate credit [6] - The firm specializes in leveraged loans, high yield bonds, and structured credit investments, employing fundamental credit analysis and active portfolio management [6] - Octagon's investment philosophy emphasizes dynamic internal communication to manage portfolio risk and aims to generate attractive risk-adjusted returns [6]