Private-equity firms’ stocks are surging as they benefit from current market dynamics after years of lackluster performance
After years of lackluster performance, shares of private-equity firms have hit their stride.
In the decade or more since Blackstone Group Inc., KKR & Co., Apollo Global Management Inc. and Carlyle Group Inc. went public, their assets under management have exploded as they branched out beyond leveraged buyouts into areas such as real estate, lending and insurance. But their stocks languished, leading executives such as Blackstone chief Stephen Schwarzman to publicly gripe that the market was undervaluing them.
That has changed in a big way since the U.S. economy began to emerge from the coronavirus-driven downturn. Including dividends, shares of Blackstone have tripled since April 1, 2020, roughly when the recovery began, pushing its market capitalization to around $140 billion. That is bigger than those of financial giants Goldman Sachs Group Inc. and BlackRock Inc. KKR’s stock performance has been even stronger over that period, edging out Blackstone’s by a few percentage points.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Reese Witherspoon’s Hello Sunshine Sold to Media Company Led by Kevin Mayer and Tom StaggsHello Sunshine, which produced 'Big Little Lies' and 'The Morning Show,' was valued at $900 million in the deal, with the new media company backed by private equity giant Blackstone.
Consulte Mais informação »
Apollo Profit Climbs as Gains Outpace Broader MarketsThe private-equity firm reported higher second-quarter profit as the value of its private-equity portfolio climbed faster than the broader market.
Consulte Mais informação »
KKR Earnings Surge as Firm Rakes In Record Cash From InvestorsKKR reported a big jump in earnings and hauled in a record amount of new cash from investors, as the value of its private-equity portfolio climbed
Consulte Mais informação »
Private equity enjoys its wet hot American summerKKR’s earnings more than doubled in the latest quarter, following a pattern set by Blackstone and Carlyle. All are basking in rising valuations, hyperactive M&A and investors’ quest for higher returns. Even a Democrat-led White House is, for now, making the buyout barons richer.
Consulte Mais informação »
Stocks making the biggest moves premarket: GM, CVS, Kraft Heinz, Tupperware and othersThese are the stocks posting the largest moves before the bell.
Consulte Mais informação »
Stocks open slightly lower after ADP private-sector payrolls dataU.S. stocks opened slightly lower Wednesday, with the S&P 500 pulling back from the previous session's record close, after data on private-sector payrolls came in weaker than expected.
Consulte Mais informação »