Core Viewpoint - The private credit market, valued at US$3.5 trillion, is facing potential systemic risks as Blue Owl announces the sale of US$1.4 billion in assets to manage debt and alter investor withdrawal methods, raising concerns about liquidity in private markets [1][5]. Group 1: Asset Sale Details - Blue Owl is selling debt investment commitments totaling US$1.4 billion, including US$600 million from Blue Owl Capital Corp. II, US$400 million from Blue Owl Technology Income Corp., and US$400 million from Blue Owl Capital Corp [2]. - The assets are being sold at 99.7% of face value to four North American institutional investors, including pension funds and its own insurance firm, Kuvare [3]. - The debt spans 128 portfolio companies across 27 industries, with a significant concentration in the internet software and services sector [4]. Group 2: Impact on Investors - Proceeds from the asset sale will be used to pay down debt and return 30% of the fund's net asset value to shareholders, pending board approval [5]. - Blue Owl is changing the method of capital withdrawal for investors, moving from a set quarterly withdrawal to a more controlled approach, which has raised concerns about liquidity [5][7]. - The CEO of Blue Owl emphasized that the firm is not halting redemptions but rather accelerating them, allowing investors to receive a larger portion of their capital in a shorter timeframe [7][8]. Group 3: Market Context and Reactions - The announcement has sparked fears of broader systemic risks in the private credit market, reminiscent of past financial crises, although the current situation is not expected to reach similar magnitudes [6]. - The private credit sector, particularly firms like Blue Owl, KKR & Co. Inc., and Apollo Global Management, is experiencing volatility due to heightened concerns about technology sector valuations, especially among companies involved in AI [8].

Core Viewpoint - Apollo Global Management, Inc. emphasizes its commitment to transparency regarding its past relationship with Jeffrey Epstein, asserting that no current employees, except for Leon Black, had any business or personal ties with him [1][2]. Group 1: Investigation and Findings - In 2020, Apollo initiated an independent investigation into any relationships with Jeffrey Epstein, which has been publicly reported [1]. - The company states that the documents released contain no new information regarding its relationships with Epstein [2]. - Leon Black, who left the firm in 2021, had previously engaged Epstein for personal tax advice, while other Apollo employees provided information related to this work, but all attempts by Epstein to engage with Apollo co-founders were declined [3]. Group 2: Commitment to Investors - Apollo is focused on delivering results for its investors, especially during volatile market conditions, and is prepared to take proactive measures [4]. - The leadership team is committed to maintaining transparency and is available for any inquiries from investors [4].

Core Viewpoint - Apollo Commercial Real Estate Finance, Inc. reported its financial results for the quarter and year ended December 31, 2025, highlighting key metrics such as net income and distributable earnings [1][2]. Financial Performance - Net income available to common stockholders per diluted share was $0.18 for the quarter and $0.81 for the year ended December 31, 2025 [2]. - Distributable Earnings per diluted share were $0.26 for the quarter and $0.98 for the year, with Distributable Earnings prior to realized loss on investments and realized gain on litigation settlement being $0.26 and $1.05 respectively for the same periods [2]. Distributable Earnings Definition - Distributable Earnings is defined as net income available to common stockholders adjusted for various non-cash items, including equity-based compensation, unrealized gains or losses, and foreign currency gains or losses [5][6]. - The Company believes that Distributable Earnings is a useful measure for investors to evaluate performance and is a key factor in determining dividends [6][7]. Realized Gains and Losses - During the year ended December 31, 2025, the Company recorded realized losses related to a subordinate loan and a promissory note, alongside a realized gain from a litigation settlement involving a hospital property [8]. Company Overview - Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT) that focuses on originating, acquiring, and managing commercial mortgage loans and related debt investments [11]. - The Company is externally managed by ACREFI Management, LLC, a subsidiary of Apollo Global Management, which manages approximately $938 billion in assets as of December 31, 2025 [11].

Core Viewpoint - Apollo Commercial Real Estate Finance, Inc. will hold a conference call to discuss its fourth quarter and full year 2025 financial results on February 11, 2026, following the release of these results on February 10, 2026 [1] Group 1: Conference Call Details - The conference call is scheduled for February 11, 2026, at 10:00 a.m. Eastern Time [1] - Financial results for the fourth quarter and full year 2025 will be released after market close on February 10, 2026 [1] - The call will include a review of performance, discussion of recent events, and a question-and-answer session [1] Group 2: Registration and Webcast Information - Registration for the call can be completed via a provided link, which will yield a dial-in number and unique pin [2] - A live webcast will be available on the Company's website, with a replay link posted approximately two hours after the call for those unable to attend live [2] Group 3: Company Overview - Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust focused on originating, acquiring, investing in, and managing commercial first mortgage loans and related debt investments [3] - The Company is externally managed by ACREFI Management, LLC, a subsidiary of Apollo Global Management, which manages approximately $908 billion in assets as of September 30, 2025 [3]

NEW YORK, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (“ARI” or the “Company”) (NYSE:ARI) today announced the Company has entered into a definitive agreement with Athene Holding Ltd. (“Athene”) to sell the Company’s entire approximately $9 billion commercial real estate loan portfolio for a purchase price based on 99.7% of total loan commitments, net of asset specific CECL reserves, and with the exception of two loans with a combined total principal balance of $146 million ...

Core Viewpoint - QXO, Inc. has raised $1.2 billion from Apollo Global Management to support its acquisition plans, resulting in an 18.15% stock price increase to $23.30 [1][2]. Group 1: Fundraising and Acquisition Plans - QXO, Inc. announced the acquisition of $1.2 billion in convertible perpetual preferred shares from Apollo Global, which will finance one or more qualifying acquisitions through July 15 [2]. - The commitment from Apollo can be extended for an additional 12 months if a definitive acquisition agreement is executed before the initial commitment period expires [3]. - QXO will pay a dividend rate of 4.75% per annum to Apollo, with shares convertible into common shares at an initial price of $23.25 [3]. Group 2: Leadership Changes and Strategic Focus - QXO's Chairman and CEO Brad Jacobs stepped down from his roles at XPO, Inc. and GXO Logistics, Inc. to focus on QXO's growth strategy [4]. - Jacobs aims to grow QXO into a $50 billion revenue leader in building products distribution through acquisitions and organic growth [5].

Core Insights - MidCap Financial Investment Corporation reported a net investment income of $0.38 per share for Q3 2025, a slight decrease from $0.39 per share in Q2 2025 [1][4] - The net asset value (NAV) per share decreased to $14.66 as of September 30, 2025, down from $14.75 at the end of June 2025, reflecting a 0.6% decline [1][4] - The company declared a dividend of $0.38 per share, payable on December 23, 2025, to stockholders of record as of December 9, 2025 [2][4] Financial Performance - Total assets as of September 30, 2025, were $3.31 billion, down from $3.46 billion in June 2025 [8] - The investment portfolio at fair value decreased to $3.18 billion from $3.33 billion in the previous quarter [8] - The company's net leverage ratio was 1.35x as of September 30, 2025, compared to 1.44x in June 2025 [8] Investment Activity - New investment commitments during the quarter totaled $138 million, while gross fundings, excluding revolver fundings, amounted to $142 million [4][10] - The company received net repayments of approximately $97 million from Merx Aviation Finance, reducing its exposure to 3.3% of the total portfolio [3][4] - Direct origination revolver fundings totaled $33 million, with repayments of $30 million during the quarter [4] Capital Structure Enhancements - The company extended its senior secured revolving credit facility, reducing the applicable margin by 10 basis points and extending the final maturity date to October 1, 2030 [6][17] - The company upsized its Bethesda CLO 1, increasing its size from $402.4 million to $646.4 million, with a new senior AAA coupon of S+149 basis points [20][17] Portfolio Composition - As of September 30, 2025, 95% of the portfolio consisted of first lien secured debt, with a weighted average yield of 10.2% [23][24] - The portfolio included no unsecured debt and maintained a floating rate amount of $2.9 billion, representing 100% of the total [23][24] Operational Results - Net investment income for the quarter was $35.3 million, compared to $38.1 million in Q3 2024 [11] - The net increase in net assets resulting from operations was $27.5 million for the quarter [11] - The company did not repurchase any shares during the quarter, with a total of 16,069,776 shares repurchased since the program's inception [13]

Core Insights - MGIC Investment Corporation has elected Martin P. Klein and Daniela A. O'Leary-Gill to its Board of Directors, enhancing its governance and strategic oversight [1][2][3] Group 1: Board Appointments - Martin P. Klein will serve on the Risk Management and Securities Investment Committees, while Daniela A. O'Leary-Gill will be part of the Audit and Business Transformation and Technology Committees [1] - Klein has extensive experience, having served as Executive Vice President and CFO at Athene Holdings and Genworth Financial, and currently holds a position at Apollo Global Management [2] - O'Leary-Gill has over 25 years of leadership experience in finance and strategy, previously serving as COO for BMO U.S. and on the Board of Discover Financial Services [3] Group 2: Company Overview - MGIC Investment Corporation, through its subsidiary MGIC, provides private mortgage insurance to facilitate affordable low-down-payment mortgages, aiding families in achieving homeownership [3]

Company Overview - MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed, diversified management investment company that qualifies as a business development company (BDC) under the Investment Company Act of 1940 [3] - The company is externally managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc., which is a high-growth global alternative asset manager [3] - The investment objective of the company is to generate current income and, to a lesser extent, long-term capital appreciation [3] Investment Strategy - The company primarily invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, defined as those with less than $75 million in EBITDA [3] - Additionally, the company may invest in other types of securities, including first lien unitranche, second lien senior secured, unsecured, subordinated, mezzanine loans, and equities in both private and public middle-market companies [3] Upcoming Events - The company will report results for the quarter ended September 30, 2025, after the closing of the Nasdaq Global Select Market on Thursday, November 6, 2025 [1] - A conference call will be hosted on Friday, November 7, 2025, at 8:30 a.m. Eastern Time, with participation details provided for interested parties [2]

Core Points - MidCap Financial Investment Corporation has amended and extended its senior secured, multi-currency revolving credit facility, reducing lender commitments to $1.610 billion, a decrease of $50 million [1] - The final maturity date of the facility has been extended to October 1, 2030, and the applicable margin has been reduced by 10 basis points to 177.5 basis points [1] - The commitment fee has also been reduced from 37.5 basis points to 32.5 basis points, while other material business terms remain substantially the same [1] Company Overview - MidCap Financial Investment Corporation is a closed-end, externally managed, diversified management investment company that operates as a business development company under the Investment Company Act of 1940 [4] - The company is managed by an affiliate of Apollo Global Management, Inc., focusing on generating current income and long-term capital appreciation [4] - It primarily invests in first lien senior secured loans to privately held U.S. middle-market companies, defined as those with less than $75 million in EBITDA [4]