Group 1 - Alternative asset manager Rithm Capital announced a definitive agreement to acquire the REIT Paramount Group for approximately $1.6 billion [2] - Following the announcement, Rithm Capital shares increased by 0.66% to $12.15 in pre-market trading, while Paramount Group shares fell by 11.50% to $6.54 [2]

Core Insights - Founder-run companies, while representing less than 5% of the S&P 500 index, contribute nearly 15% of the total index's market capitalization, particularly in the technology sector [2] - Founder-led companies tend to outperform others, with a market-adjusted return of 12% over three years compared to a negative 26% for companies with professional CEOs [5] Company Highlights - **AppLovin**: - Market capitalization of $129.7 billion, leading in mobile advertising with its AI engine, Axon 2 [7] - Transitioned to a software-centric model, improving margins and financial performance [9] - Positioned to capture market share through scalable, AI-enabled technologies [8] - **Palantir Technologies**: - Market capitalization of $406.2 billion, focusing on software platforms for the intelligence community [11] - Strong AI strategy with a revenue guidance midpoint of $4.146 billion for 2025, indicating 45% year-over-year growth [14] - Modular sales approach expanding its U.S. commercial customer base [13] - **Blackstone**: - Largest alternative asset manager with a market capitalization of $225.7 billion and over $1.1 trillion in total assets under management [15] - Strong inflows and a capital base of $181.2 billion, positioning it to capitalize on market dislocations [17] - Focus on areas like digital infrastructure and life sciences for long-term growth [17] - **CrowdStrike**: - Market capitalization of $111.6 billion, transforming cybersecurity with its AI-native Falcon platform [18] - Expected revenues for fiscal 2026 between $4.749 billion and $4.805 billion, with adjusted operating income projected at $1-$1.04 billion for fiscal 2025 [21][22] - Leveraging AI to enhance security outcomes and operational efficiency [20]

Accessibility StatementSkip Navigation "We welcome Trinity Capital as a financing partner and appreciate their confidence in providing us this important financial flexibility as we continue our commercial expansion of our newly launch, next-generation Therapy Disc, and build upon our recent publication of what we believe is the largest long-term real-world data set for a permanent PNS device that demonstrated reliable long-term pain relief to a broad spectrum of patients," said Tom West, President and CEO ...

Core Insights - Ares Management is planning a credit secondaries transaction valued at approximately €1.5 billion [1] Group 1: Company Overview - Ares Management is an alternative asset manager with direct lending activities in Europe [1] Group 2: Transaction Details - The planned transaction involves trading existing stakes in private credit funds [1]

Core Insights - Caliber has appointed Peter Dorrius to its newly established Caliber Crypto Advisory Board (CCAB) to provide strategic oversight for its Digital Asset Treasury (DAT) Strategy focused on LINK tokens [1][3] - The DAT strategy aims to build a treasury of LINK tokens for long-term value and yield, bridging traditional real estate markets with the digital financial ecosystem [3][4] Company Overview - Caliber (NASDAQ: CWD) is a diversified alternative asset manager with over $2.9 billion in managed assets, specializing in private equity real estate investments across various sectors including hospitality, multi-family residential, and industrial real estate [4] - The company has been operational for over 16 years and has launched a Digital Asset Treasury strategy in 2025, anchored in Chainlink (LINK) [4] Advisory Board Insights - Peter Dorrius brings extensive experience in finance and digital assets, having served as CFO for companies like Blackline Safety and Blockcap, where he was involved in a $1.46 billion merger [2] - His expertise will assist Caliber in developing institutional-grade infrastructure, controls, and security for its DAT strategy [3]

Core Insights - Trinity Capital Inc. has committed $26 million in growth capital to Unmind, a workplace mental health platform that integrates AI to provide comprehensive mental health care solutions [1][4]. - Unmind's platform combines human expertise, digital innovation, and proven science to offer a range of services including proactive AI guidance, therapy, coaching, crisis care, and wellbeing tracking [2][6]. - The funding will enable Unmind to scale operations, enhance its AI agent "Nova," attract talent, and invest in further innovation, bringing Unmind's total capital raised to over $100 million since its inception [4][5]. Company Overview - Trinity Capital Inc. is an alternative asset manager focused on delivering consistent returns through private credit markets, having deployed over $4.7 billion across more than 420 investments since 2008 [5]. - Unmind supports nearly 3 million employees globally, including major brands like Uber, Disney, and Major League Baseball, emphasizing the importance of mental health in the workplace [3][6].

Group 1: Business Ties and Investment Opportunities - Business ties between mainland China and the Middle East are deepening, with Hong Kong serving as a crucial "superconnector" [1] - The Oman Investment Authority has invested over US$2 billion in Greater China, focusing on sectors such as healthcare, biotechnology, and technology [2] - Bilateral trade between China and Oman reached US$36.73 billion last year, with Chinese exports primarily consisting of mechanical and electrical products and hi-tech goods [3] Group 2: Trade and Economic Cooperation - Trade between China and the Gulf Cooperation Council (GCC) countries exceeded US$288 billion last year, with growing cooperation in energy and green transformation [4] - Hong Kong is positioned as a primary platform for capital and innovation, facilitating collaboration between Oman and mainland China [5][6] Group 3: Connectivity and Travel - There has been an increase in connectivity between Hong Kong and the Middle East, driven by the demand from business travelers [7]

Market Overview - Small cap stocks showed volatile performance in Q2, with the Russell 2000 Index recovering to within 10% of its record highs in just 55 days, primarily driven by growth, momentum, high-beta, and low-quality stocks [2] - The Russell 2000 returned 8.5% for the quarter, underperforming the Russell 1000 Index's 11.1%, marking the widest annual performance gap since 1935 [3] - Growth stocks regained leadership due to strong demand for AI beneficiaries, with the Russell 2000 Growth Index returning 12.0%, significantly outperforming the Russell 2000 Value Index by 700 basis points [3] Retail Investor Activity - Retail trading volumes have more than doubled since 2010, now accounting for nearly 21% of total market volume, while traditional long-only managers and hedge funds are losing market share [4] - Retail investors are focusing on companies with an average market cap about half that of the Russell 3000, with nearly 45% of their purchases being "zombie" companies with no earnings [10] - Notable examples include Regencell Bioscience, which saw a 7,000% increase in market cap despite having no revenue or regulatory approval [10] Portfolio Performance - The ClearBridge Small Cap Strategy underperformed its benchmark in Q2, with detractors in consumer discretionary and communication services sectors outweighing positive contributions from utilities and select healthcare companies [12] - Stock selection in the consumer discretionary sector faced challenges, particularly for Murphy USA and Oxford Industries, due to idiosyncratic headwinds and increased tariff costs [13][14] - Communication services sector detractors included Criteo and Anterix, with concerns over long-term growth and profitability impacting performance [15] Sector Contributions - Utilities sector performance was led by Talen Energy, benefiting from rising demand for power due to AI data centers [16] - Verona Pharma rebounded after receiving favorable FDA designation, leading to its acquisition by Merck at a premium [17] - Overall, the strategy had gains in six of the 11 sectors, with industrials and IT sectors being the leading contributors [21] Portfolio Positioning - The company actively adjusted its financial sector positioning, exiting Home BancShares for UMB Financial to enhance quality exposure [18] - New positions were initiated in AGCO within the industrials sector, expected to benefit from trade and tariff policies [19] - Exited positions included Abacus Global due to declining conviction and performance concerns [18] Outlook - The market shows signs of euphoria reminiscent of previous speculative bubbles, with a focus on low-quality stocks [4][20] - Economic uncertainties, including tariff impacts and potential inflation, suggest a need for a cautious approach [20] - The company continues to prioritize high-quality stocks with strong fundamentals, anticipating that these will be favored when market conditions shift [20]

PHOENIX, Sept. 4, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "the Company"), a leading alternative asset manager, today announced an increase to $690 million of total commitments under its credit facility led by KeyBank N.A.The credit facility was expanded under the existing accordion feature by $90 million, bringing total commitments from $600 million to $690 million. A diversified syndicate of 13 bank participants makes up the credit facility."We greatly value the conti ...

Financial Performance - Great Elm achieved record results in Fiscal Q4 2025, marking the best operating quarter and fiscal year in its history[6] - Fee-paying assets under management (FPAUM) grew by 5% year-over-year as of June 30, 2025[6] - Book value per share increased by 24% from the prior year, reaching $2.65[6] - Fiscal 4Q25 revenue was $5.6 million, with revenue growth over 140% excluding a prior-year BTS property sale[34] - Assets Under Management ("AUM") as of June 30, 2025, was $759 million, up 4% from June 30, 2024[40] - Fee-Paying AUM ("FPAUM") as of June 30, 2025, was $553 million, up 5% from June 30, 2024[42] Strategic Initiatives - Great Elm launched Monomoy Construction Services, LLC ("MCS") in February 2025, expanding its real estate platform[6] - A strategic partnership with Kennedy Lewis Investment Management ("KLIM") was announced in July 2025, providing up to $150 million in leverageable capital[6] - Woodstead Value Fund, L.P ("Woodstead") purchased 4 million shares of GEG at $2.25 per share for gross proceeds of $9 million in August 2025[6] - GECC sold 1.3 million shares to an affiliate of Booker Smith, or 9.9% of outstanding common stock, at $11.65 per share for gross proceeds of $15 million[6] Capital Allocation - The Board of Directors authorized an additional $5 million of stock repurchases, bringing the total stock repurchase program to $25 million[6]