Exclusive: Apollo’s John Zito called out “arrogance” in private markets, according to audio recordings of a recent discussion he had with UBS clients. Listen to exclusive excerpts from the conversation. https://t.co/i0ukvvg2gg ...

RT Bloomberg Live (@BloombergLive)What is @Brookfield seeing in the private sphere? "What we are seeing in terms of private markets is continued growth." CEO Connor Teskey tells @kgreifeld #BloombergInvest⏯️ https://t.co/PXtOATD1BR https://t.co/rTCUbrkHr0 ...

In Going Private, our twice-weekly newsletter on private markets, we explore the fund saga at Blue Owl and growing demand to hedge debt raised by hyperscalers. https://t.co/YL4qCLn0xq ...

RT Bloomberg Live (@BloombergLive)As AI infrastructure reshapes capital needs, @BlueOwlCapital's Marc Lipschultz offers a front-line view of where private markets are headed—and why the transition is just getting started—at #BloombergInvest.Live 3/4 at 11:35 AM ET! 📺https://t.co/eeTrczfbKe https://t.co/cf5QgXpiTt ...

RT ARK Funds (@ARK_Funds)Bloomberg Senior ETF Analyst @EricBalchunas joins ARK President and Chief Operating Officer Tom Staudt on a brand new "Fund In Focus" to discuss the ARK Venture Fund and broader access to private markets.Watch now! https://t.co/GbU3EqBazD https://t.co/JmPOQ6kSYI ...

RT Bloomberg Live (@BloombergLive)How are family offices, private markets and alternative investments growing in influence? Join @BloombergLive for #BloombergInvest Dubai as we as we bring together market-moving investors to explore where capital is moving next, and why.📈https://t.co/itQBPYJtIX https://t.co/IgEnw8HaLg ...

RT Bloomberg Live (@BloombergLive)As CEO of one of the world’s largest private asset managers, @apolloglobal’s Marc Rowan shares what’s next for private markets—from the scale of investment-grade credit to the evolution of market structure—at #BloombergInvest with @business EIC John Micklethwait.Live 3/3 at 9:50 AM ET!https://t.co/M67O8zQYmz ...

Market Trends & Dynamics - The Dow Jones Industrial Average closed up approximately 500 points, representing a 1% increase [2] - The NASDAQ Composite experienced a rise of three-tenths of a percent, recovering from earlier losses [2] - The S&P 500 is just slightly below its all-time high from October [2] - Optimism is prevalent in the market, with potential for the S&P 500 to reach 8,000 points if the Federal Reserve continues easing [11] - Interactive Brokers anticipates a Santa Claus rally, potentially pushing the S&P 500 past the 7,000 milestone [12] Interest Rates & Monetary Policy - The 10-year Treasury note is at 416%, up by approximately two basis points, and the 30-year Treasury note is at 488% [3] - The Federal Reserve's decision to cut interest rates by a quarter point led to rhetoric suggesting a cautious approach [6][7] - The market has already priced in expectations of another rate cut [44] - Apollo internally believes there is no need for a rate cut based on current data [41] Company Performance & Earnings (Oracle & Adobe) - Oracle's Q2 adjusted EPS beat expectations at $226 versus a consensus of $164, but revenue was slightly below estimates at $1606 billion versus $1621 billion [13] - Oracle's Q2 cloud revenue was $8 billion, slightly below the street estimate of $804 billion, while cloud infrastructure revenue was $41 billion, exceeding the estimate of $409 billion [14] - Oracle's remaining performance obligations (RPOs) grew sequentially by $68 billion to $523 billion, indicating new commitments from Meta, Nvidia, and others [19] - Adobe's Q4 adjusted EPS was $550, surpassing the street estimate of $539, and revenue reached $619 billion, exceeding the estimate of $611 billion [36] AI & Data Centers - Oracle executives had previously convinced the street they were an AI winner, but concerns arose regarding customer concentration risk with OpenAI and debt risk related to data center buildout [16] - The demand for data centers is strong, but the return on equity is a function of renewal, with uncertainty surrounding energy usage and technology [56][57] - Concerns exist regarding the debt levels of some tech companies funding their AI ambitions, particularly for intermediaries who are large owners of data capacity [60][61] Private Markets & Credit - Much of the financial press focuses on levered lending when discussing private credit, but most private credit is investment grade [48] - Investors are using levered lending to reduce risk, moving money out of equity or high-yield bonds [51] - Defaults in well-underwritten credit usually have strong recoveries and are not necessarily a sign of something wrong in the economy [54]

Core Insights - Invesco has partnered with LGT Capital Partners to launch multi-alternative private markets solutions, focusing on the wealth and retirement sectors in the US [1][4] - The collaboration aims to leverage both firms' expertise in alternative investments to enhance access to private markets through portfolio offerings and investor education [1][2] Company Overview - Invesco's private markets and alternatives division manages assets exceeding $190 billion globally and over $1 trillion for clients in the US wealth sector [2] - LGT Capital Partners has over 25 years of experience managing investments for more than 700 institutional clients across 50 countries [2] Strategic Approach - The partnership will manage both multi-alternative and evergreen portfolios, adapting to various market cycles [3] - LGT Capital Partners emphasizes building long-term oriented portfolios through collaborations with general partners and clients [3] Market Expansion - The alliance is a significant move to strengthen Invesco's presence in the US market, enhance wealth management capabilities, and explore retirement opportunities [4] - Invesco's CEO highlighted that the collaboration aligns with the company's strategy to provide a curated experience through partnerships with complementary firms [4] Investment Philosophy - Both firms believe that exposure to private markets can offer differentiated sources of income and growth [5] - The partnership aims to deliver innovative solutions in asset classes typically reserved for institutional investors to a wider range of US wealth and retirement investors [5]

The halt marks a setback for BlackRock's efforts to get more individuals to invest in its newly acquired private markets offerings https://t.co/6RKiYiVHsp ...