GRAND CAYMAN, Cayman Islands, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) announced today that it will release financial results for the third quarter 2025 on Tuesday, November 4, 2025, and host a conference call via public webcast at 9:00 a.m. ET. To register, please use the following link: https://edge.media-server.com/mmc/p/wiryon5e. For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at https://ir.patria.com/. Patria ...

Blackstone Inc. (NYSE:BX) is one of the stocks Jim Cramer was recently focused on. Cramer noted that if the Fed keeps cutting rates, it could push the company’s earnings higher. He said: “Next up, how about the daily chart of Blackstone, which has always been one of my favorites, and I pounded the table on it for, I don’t know, probably the last hundred points. Lang (Bob Lang) points out that the stock’s had a similar move to Carlyle with a powerful rally over the course of the summer, although the stock’ ...

Core Insights - T. Rowe Price Group (TROW) and Apollo Global Management (APO) are prominent players in the asset management industry, each with distinct strengths and focuses [1][20] - Apollo emphasizes private equity and alternative assets, while T. Rowe Price specializes in mutual funds and active management of equity and fixed income [1] Apollo Global Management (APO) - Apollo's diversified business model supports sustainable earnings, with a compound annual growth rate (CAGR) of 7.8% in assets under management (AUM) from 2021 to 2024, driven by retirement services and new financing [3] - The company expects its total AUM to reach nearly $1.5 trillion by 2029, primarily through scaling its private equity business [3][9] - Recent acquisitions, such as Bridge Investment Group Holdings, and partnerships with Mubadala and Citigroup enhance Apollo's capabilities and growth potential [4] - Apollo's revenues grew at a CAGR of 63.7% from 2021 to 2024, although growth moderated in the first half of 2025 [5] - The Zacks Consensus Estimate projects a year-over-year earnings increase of 4.7% for 2025 and 19.3% for 2026, with upward revisions in estimates over the past 60 days [10] T. Rowe Price Group (TROW) - T. Rowe Price's AUM experienced a CAGR of 2.3% from 2020 to 2024, supported by market appreciation and strength in multi-asset and fixed income [6] - The company has formed strategic alliances, including a partnership with Goldman Sachs to enhance access to private markets and an acquisition of Retiree for retirement income planning [7] - T. Rowe Price's net revenues grew at a CAGR of 3.4% over the past four years, continuing into the first half of 2025 [8] - The Zacks Consensus Estimate indicates a year-over-year earnings decline of 1.6% for 2025, followed by a 4.9% increase in 2026, with upward revisions in estimates [13] Comparative Performance - Over the past year, Apollo outperformed the industry with a stock gain of 17.3%, while T. Rowe Price only rose 0.5% [15] - Apollo trades at a forward price-to-earnings (P/E) multiple of 16.3X, while T. Rowe Price trades at 11X, both below the industry average of 17.45X [17] - Both companies have increased dividends five times in the past five years, with Apollo's yield at 1.5% and T. Rowe Price's at 4.8% [19] Investment Outlook - Apollo is positioned for greater upside potential due to its diversified and rapidly growing alternative asset platform, aggressive expansion, and strong earnings growth trajectory [20] - T. Rowe Price offers steady growth and high dividend yield but has a more conservative approach, limiting its upside compared to Apollo [21]

Group 1 - Legislators in Washington are urging the SEC to open the $12.5 trillion 401(k) retirement market to crypto and alternative assets following President Trump's executive order [1][2] - The executive order, signed on August 7, 2025, aims to reshape investment options for approximately 90 million Americans through their 401(k) plans [2][3] - The Department of Labour is revisiting ERISA guidelines to facilitate investments in alternative assets like private equity, real estate, and crypto [3][4] Group 2 - Lawmakers argue that limited access to alternative investments hinders returns and innovation in retirement strategies [4][5] - The SEC's role is crucial in redefining who qualifies as an "accredited investor," with bipartisan bills proposing to expand this definition [5][6] - Industry groups advocate for reform, stating that retirement plans focused solely on stocks and bonds do not reflect the evolution of capital markets [6]

AUM and Financial Performance - Vinci Compass's total Assets Under Management (AUM) reached R$304.1 billion, a 339% year-over-year increase, primarily due to the combination with Compass and the acquisition of Lacan[36] - The company reported Adjusted Distributable Earnings (Adj DE) of R$75.8 million, or R$1.20 per share, for the second quarter of 2025, representing a 30% year-over-year increase[50] - Fee Related Revenues (FRR) totaled R$232.7 million for the quarter, up 85% year-over-year, driven by growth in management and advisory fees, as well as the addition of other revenue streams[45] - The company declared a quarterly dividend of US$0.15 per common share[29] Segment Highlights - Global Investment Products & Solutions (Global IP&S) reported AUM of R$230 billion[13], with Fee Related Earnings (FRE) increasing by 250% year-over-year to R$12.5 million[76] - Credit segment AUM reached R$30 billion, a 258% year-over-year increase, with FRE up 97% year-over-year[82] - Private Equity AUM stood at R$16 billion[19], with a gross MOIC of 2.3x and a gross IRR of 64.6% for the VCP strategy[20] - Real Assets AUM totaled R$12 billion[23], with approximately 82% of the AUM in vehicles with 10+ years lock-ups[23] Capital and Investments - New capital formation in the second quarter of 2025 totaled R$3.6 billion, driven by net inflows and capital subscriptions across Global IP&S, Credit, and Real Assets[36] - The final closing of VICC brought the total fund size to R$1.8 billion[30] - Total capital committed to proprietary funds reached R$1.4 billion, with R$771.1 million already called as of June 30, 2025[65]

Core Viewpoint - AGNC Investment offers a high monthly dividend yield exceeding 15%, significantly higher than the S&P 500, but has not increased its dividend in over 15 years and has cut it several times, making it less ideal for passive income seekers [1][13] Group 1: AGNC Investment - AGNC Investment focuses solely on mortgage-backed securities (MBS) that are protected from credit risk by government agencies, resulting in low returns [5] - The company enhances its returns by investing in MBS on a leveraged basis, which increases its risk profile [5] - Since its IPO in mid-2008, AGNC has cut its dividend several times, leading to a 50% loss in stock value since its IPO, despite a total return of over 10% annually [9][11] Group 2: Main Street Capital - Main Street Capital is a business development company (BDC) that provides capital solutions to lower middle market companies and has a higher risk profile but offers much higher returns, with a weighted average effective yield of 12.7% [6] - The company has never cut its monthly dividend since its IPO in 2007 and has increased its payout by 132% over the years, also providing supplemental dividends since 2013 [8] - Main Street Capital's stock price has increased nearly 10% annually, contributing to higher total returns compared to AGNC [11][12] Group 3: Comparison and Investment Considerations - While AGNC offers a substantial monthly dividend, its lack of growth in payouts and potential for future cuts may lead to lower long-term total returns [13] - In contrast, Main Street Capital provides an attractive and growing monthly dividend, supplemented by quarterly payouts, making it a potentially better long-term option for passive income [14]

KKR Overview - KKR has $664 billion in Assets Under Management (AUM) as of March 31, 2025, distributed across Credit & Liquid Strategies ($284 billion), Private Equity ($209 billion), and Real Assets ($171 billion)[10] - KKR's employees own approximately 30% of the outstanding KKR stock as of December 31, 2024[13] - KKR's AUM has grown +2.3x since 2019, reaching $664 billion in 1Q'25 LTM[16] Financial Performance - KKR's Fee Related Earnings (FRE) reached $3.4 billion in the Last Twelve Months (LTM) of 1Q'25, a 37% increase year-over-year[20] - KKR's Adjusted Net Income (ANI) reached $4.4 billion in the LTM of 1Q'25, a 37% increase year-over-year[20] - KKR raised $114 billion of new capital in the trailing twelve months at 1Q'25, compared to $88 billion in the trailing twelve months at 1Q'24[22] Global Atlantic (Insurance) - Global Atlantic has $197 billion in Assets Under Management (AUM)[56] - Global Atlantic's AUM has grown at a +23% Compound Annual Growth Rate (CAGR)[56] - Global Atlantic generated $10 billion in LTM 1Q'25 Insurance Operating Earnings[56] KKR Capital Markets - KKR Capital Markets has facilitated over $2 trillion in cumulative debt & equity raised Inception-to-Date (ITD)[83] - KKR Capital Markets has earned over $6 billion in fees cumulatively ITD[83]

Apollo Global Management Investor Presentation November 2024 Forward Looking Statements & Other Important Disclosures In this presentation, references to "Apollo," "we," "us," "our" and the "Company" refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. This presentation may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 193 ...

Financial Data and Key Metrics Changes - The company has a long-term view on inflation and interest rates, expecting them to remain higher for longer, which aligns with historical trends [4][5][9] - The company has $116 billion of dry powder available for investment, indicating strong capital reserves for future opportunities [7] Business Line Data and Key Metrics Changes - The private equity portfolio is marked at over 60% at more than 1.5 times the cost, while public names are marked at an average of four times the cost, reflecting strong performance [18][19] - The company has been actively exiting investments, including sales in Japan and infrastructure, contributing to a mature portfolio [19] Market Data and Key Metrics Changes - More than 70% of the company's deployment in infrastructure over the last five years has been outside the United States, showcasing a global investment strategy [34] - The company has seen a shift in investor sentiment, with a more balanced approach to global allocations, particularly towards Europe and Asia [36] Company Strategy and Development Direction - The company is focusing on building portfolios that can navigate different economic cycles, emphasizing long-term investments [15][16] - Strategic holdings have been introduced to capture lower-risk, attractive reward investments, diversifying the company's offerings [23][25] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the realization outlook, citing a strong pipeline of realizations and a disciplined investment approach [15][21] - The company does not foresee significant stress in its portfolios despite macroeconomic concerns, indicating confidence in its investment strategy [12][14] Other Important Information - The company is expanding its product offerings for high-net-worth individuals through partnerships, aiming to capture a larger share of the market [45][49] - The insurance segment is expected to see growth in earnings as the business model transitions and third-party capital is raised [92][93] Q&A Session Summary Question: What is the company's view on inflation and economic growth? - The company expects inflation and interest rates to remain higher for longer, which is consistent with historical trends [4][5] Question: How is the company managing its portfolio amidst macroeconomic concerns? - The company has not seen significant stress in its portfolios and feels confident due to its portfolio construction and historical experience with economic cycles [12][14] Question: What is the outlook for the company's strategic holdings? - The strategic holdings segment is designed to capture lower-risk investments with attractive returns, and the company is optimistic about its growth potential [23][25] Question: How is the company addressing client demand for alternative products? - The company is seeing significant adoption of its alternative products and is expanding its offerings to cater to high-net-worth individuals [38][45] Question: What is the company's strategy regarding direct lending and asset-based finance? - The company is actively involved in both direct lending and asset-based finance, with a focus on scaling third-party business alongside its own insurance growth [76][80]

Core Viewpoint - The asset management industry is experiencing growth driven by a shift towards higher-yielding investment vehicles, deregulation, and the adoption of tokenized assets, positioning BlackRock and Blackstone favorably to capitalize on these trends [2][25]. Group 1: BlackRock (BLK) - BlackRock has a total AUM of $11.58 trillion as of March 31, 2025, and has expanded through acquisitions, including a 75% stake in SpiderRock Advisors and a deal for HPS Investment, which has nearly $148 billion in AUM [4][5]. - The company has achieved a five-year CAGR of 9.2% in AUM from 2019 to 2024, with continued growth in Q1 2025, supported by its iShares unit and ETF operations [5][6]. - BlackRock's GAAP revenues have seen a CAGR of 7% over the last five years, with ongoing momentum in Q1 2025, bolstered by strategic acquisitions and a diversified product suite [6][25]. - The Zacks Consensus Estimate for BlackRock's revenues indicates a year-over-year growth of 11.83% for Q2 2025 and 10.40% for the current year [7][17]. - BlackRock is considered a stronger investment for 2025 due to its diversified growth strategy, robust AUM expansion, and consistent revenue and earnings growth [25][26]. Group 2: Blackstone (BX) - Blackstone has a total AUM of $1.17 trillion as of March 31, 2025, with available capital of $177.2 billion, positioning it to capitalize on market dislocations despite near-term headwinds [11][12]. - The company is focusing on key sectors such as digital infrastructure and life sciences, with growth opportunities in India and Japan [12][13]. - The Zacks Consensus Estimate for Blackstone's revenues shows a year-over-year growth of 8.88% for Q2 2025 and 2.83% for the current year [16][17]. - Blackstone faces challenges from tighter credit markets and geopolitical uncertainties, which may hinder its near-term growth prospects [14][26]. - Despite a higher return on equity (ROE) of 19.84% compared to BlackRock's 15.57%, Blackstone's deployment challenges and market conditions make it a less compelling buy for 2025 [20][21][26].