Group 1 - Apollo Global Management sees greater potential for buyouts in Europe compared to the U.S. [4] - Alex van Hoek, the lead partner for European private equity at Apollo, expressed optimism about the European market [5]

Group 1: ETF Market - ETFs are approaching $1 trillion in net inflows for 2025, with $997 billion recorded as of October 9, marking a significant achievement as this milestone was first reached only last December [1] - The demand for alternative investments such as cryptocurrency and gold is increasing alongside the popularity of ETFs [1] Group 2: Private Credit - Aksia's research indicates that private credit may be experiencing a capital glut, with significant cash inflows potentially driving equity valuations higher and increasing systemic risk [2] - The analysis covered over 630 private credit managers and more than 40,000 private credit loans [2] Group 3: Nontraded REITs - The backlog of redemptions in nontraded REITs has been largely resolved, with only one fund still experiencing significant redemption requests [3] Group 4: Private Equity and Liquidity - Private equity firms are innovating to enhance liquidity, with notable transactions such as PAI Partners' $4.2 billion recap of Froneri, which includes a new continuation vehicle [4] - HarbourVest is targeting $20 billion in its latest megafund initiative [4] Group 5: Private Markets Valuation - A surge in retail investment into private markets is expected to lead to more frequent portfolio valuations by money managers, as scrutiny over private market valuations has increased [5] Group 6: Public/Private Investing - Morningstar emphasizes that semiliquid offerings may not suit every investor, highlighting the importance of understanding underlying holdings, leverage, fees, and redemption limits before investing [6] Group 7: Hedge Funds - Hedge funds have seen a resurgence with $37.3 billion in inflows amid market volatility, attracting institutional investors back to active management [9] Group 8: Emerging Markets - Goldman Sachs has raised its forecast for the MSCI EM index to 1,480 over the next 12 months, up from 1,373, with emerging market currencies expected to continue outperforming [10] Group 9: Bitcoin Financial Services - Unchained has launched a bitcoin wealth platform by merging its RIA affiliate into Gannett Trust Company, responding to the rising demand for financial structures that accommodate digital assets [11]

Apollo's new European private equity lead is betting there is more potential for buyouts in the region, possibly outpacing its home turf https://t.co/iReyNN5GTc ...

Core Insights - Lincoln National Corporation (NYSE:LNC) is identified as a strong value stock for investment, particularly following the launch of the Lincoln Partners Group Royalty Fund in partnership with Partners Group [1] - The Lincoln Partners Group Royalty Fund is the first cross-sector private markets royalties evergreen fund available to individual investors in the US, providing unique investment opportunities [2][3] Company Overview - Lincoln National Corporation operates in multiple insurance and retirement sectors in the US, with four main segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services [4] - Partners Group is recognized as one of the largest firms in the global private markets industry, actively investing in royalties across various sectors [4] Fund Details - The Lincoln Partners Group Royalty Fund offers individual investors access to a diversified portfolio without capital calls, a structure typically reserved for institutional investors [2] - The fund's investment strategy includes royalties from key sectors such as pharmaceuticals, music, media and entertainment, and energy transition, with Partners Group having made 15 royalty investments in the year prior to the fund's announcement [3]

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Core Insights - The competitive landscape of Wall Street has intensified, prompting aspiring finance professionals to prepare early for internships that can lead to career opportunities [1][2] Group 1: Networking and Connections - Networking is crucial in finance, and starting early in college can provide significant advantages through alumni and club connections [3][4] - Creative outreach, such as personalized notes, can help aspiring professionals stand out and make meaningful connections [3] Group 2: Personal Interests and Skills - Students should focus on their genuine interests and passions rather than simply following peers in course selection [5] - Early career choices should prioritize growth and challenge over prestige and pay, as knowledge is the most valuable asset [10] Group 3: Team Dynamics and Mentorship - Building relationships with colleagues is essential, as finance is a collaborative field [10][11] - Finding mentors who can provide guidance and support can significantly influence career trajectories [12][14] Group 4: Persistence and Focus - Persistence and determination are key differentiators in achieving success in finance [15] - Visualizing long-term career goals and conducting self-assessments can help professionals stay focused on skill development [16] Group 5: Onboarding and Continuous Learning - Once in a position, maintaining a learning mentality and being curious is vital for growth [17] - Mastering the fundamentals of the job and focusing on tasks at hand can build trust and lead to greater responsibilities [18][19]

天眼查App显示，近日，上海上电科星帅尔私募投资基金合伙企业（有限合伙）成立，执行事务合伙人 为上海电科股权投资基金管理有限公司，出资额1亿人民币，经营范围包括以私募基金从事股权投资、 投资管理、资产管理等活动。合伙人信息显示，该基金由星帅尔（002860）、上海电器科学研究所（集 团）有限公司、上海电科股权投资基金管理有限公司共同出资。 ...

Core Insights - The private equity registration in China has shown a significant decline over the past two years, with a total of 116 new registrations in the first three quarters of 2024, compared to 381 in the same period of 2023 and 1020 in 2022, indicating a shift from rapid expansion to a phase of strict control and quality improvement in the industry [3][4] Group 1: Private Equity Registration Trends - In September 2024, 14 new private equity institutions were registered, with 10 being securities-related and 4 equity-related, marking a month where securities registrations exceeded equity [1] - The total number of new private equity registrations in the first three quarters of 2024 was 116, comprising 44 securities and 72 equity, reflecting a slight increase from 111 in the same period of 2023 but a significant drop from previous years [3] - The decline in private equity registrations is attributed to regulatory policies and market conditions, indicating that the industry has moved away from a high-growth phase to a more controlled and optimized environment [3] Group 2: Product Registration and Market Dynamics - In September, 652 private equity firms registered 1028 new products, with stock strategy products accounting for over 60% of the total, and quantitative products making up 35.41% of the new registrations [4] - The number of quantitative long products registered in September was the highest, with 166 products, while stock market neutral and quantitative CTA products had 69 and 45 registrations, respectively [4] - Despite an increase in quantitative product registrations earlier in the year, there was a decline in September, suggesting a temporary adjustment in market conditions and risk appetite, while the long-term outlook for excess returns in the A-share market remains positive [4]

Core Insights - Wall Street investors are selling shares in major money managers due to concerns over their $3 trillion push into lending, with shares in Apollo, Blackstone, KKR, and Ares dropping over 10% in the last month despite a rising US stock market [1][2] Group 1: Market Performance - The S&P 500 has increased by 3.4% during the same period, with a year-to-date gain of over 15% driven by excitement around artificial intelligence [2] - The money managers affected were initially private equity investors but have expanded into private credit, contributing to a $3 trillion private credit market that has grown by $1 trillion in the past five years [3] Group 2: Risks in Lending - Concerns are rising about borrowers' ability to repay private loans, especially in light of potential stock market crashes linked to over-inflated tech stocks [4] - The collapse of First Brands, a US car parts supplier, has intensified fears, with reports of $2.3 billion "vanishing" from a private lender [5] - JP Morgan has indicated that despite low default rates, there are signs of stress among borrowers, suggesting potential widespread issues if economic conditions worsen [5][6] Group 3: Industry Dynamics - The private credit sector has seen significant involvement from pension and insurance funds, as well as banks, indicating its extensive reach [6][7] - Apollo has announced plans to invest up to $4.5 billion in projects with EDF, including the Hinkley Point C nuclear power station, and aims to lend $275 billion annually over the next five years [7]

New York-based KKR & Co. Inc. (KKR) is a private equity and real estate investment firm with a market cap of $111.1 billion. The company specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market, and middle market investments. It is scheduled to announce its fiscal Q3 earnings for 2025 before the market opens on Friday, Nov. 7. Before this event, analysts expect this private equity giant to r ...