Higher fees and growth in its retirement-services business helped the boost earnings at Apollo Global Management by 6.4% in the third quarter of 2022, according to a report by Bloomberg. The report cites a statement issued by the New York-based alternative asset manager on Wednesday as revealing that adjusted net income was $800.5 million, or $1.33 a share, in excess of the $1.23 average estimate of 14 analysts surveyed by Bloomberg. Fee-related earnings grew 13.9% from a year earlier to a quarterly record of $364.6 million, driven by management revenue in its credit business as well as a rise in

Blackstone is to offer, subject to market and other conditions, senior notes of Blackstone Holdings Finance Co, its indirect subsidiary. The notes are to be fully and unconditionally guaranteed by Blackstone Inc and its indirect subsidiaries, Blackstone Holdings I LP, Blackstone Holdings AI LP, Blackstone Holdings II LP, Blackstone Holdings III LP and Blackstone Holdings IV LP.  Blackstone intends to use the proceeds from the notes offering for general corporate purposes. The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under

Fortress Investment Group (Fortress) has been ranked as the second fastest-growing brand among 50 alternative investment managers included in the second edition of the Alts 50 report, published by Peregrine Communications.  The report provides a qualitative and quantitative assessment of the integrated marketing and communications activities of the world’s 50 largest alternative investment managers (measured by assets under management). Fortress received the study’s second-highest score for Brand Momentum, which assesses how well firms have grown Brand Awareness over time. According to the report, “Of all the metrics used in [the] study, Brand Momentum is most closely aligned with ‘moving the

Kedge Capital, the company which makes private equity and hedge fund investments on behalf of Ernesto Bertarelli, one of Switzerland’s richest men, and his family, is looking to attract other ultra-wealthy investors, according to a report by Bloomberg.

KKR has partnered with Mubadala Investment Company (Mubadala), a global sovereign investor, to co-invest across performing private credit opportunities in the Asia Pacific (APAC) region. The Partnership aims to deploy at least $1 billion of long-term capital, providing bespoke credit solutions to companies and sponsors. Mubadala will deploy its capital alongside KKR’s existing pools of capital, including the recently raised KKR Asia Credit Opportunities Fund, a $1.1 billion vehicle focused on performing, privately originated credit investments in the region. The partnership strengthens Mubadala’s exposure in the rapidly growing APAC credit market, while enabling KKR to significantly scale its APAC credit

Arcapita Group Holdings (Arcapita), a global alternative investment firm, is to target a series of strategic investments in Saudi Arabia through Arcapita Capital Company, a new Riyadh-based subsidiary licensed by the country’s Capital Market Authority, Arcapita Capital Company. 

NovaQuest Private Equity has rebranded as QHP Capital in a move designed to more closely identify with its management company. QHP partners with tech-enabled life sciences and pharmaceutical services companies that help to reduce total cost of care, fulfil unmet medical needs, diminish unnecessary procedures, improve efficiency, and/or elevate patient quality of life. QHP stands for Q Healthcare Partners – the “Q” serving as a connection to the Firm’s heritage within Quintiles (now IQVIA) and also with NovaQuest. QHP will continue to serve as the investment manager for the NovaQuest Private Equity family of funds. Partners in QHP include Jeff

HS Group, one of the largest providers of long term capital to alternative asset management firms, has formed a strategic partnership with sustainability focused asset manager, Mercator Partners.