Latest news with #privatemarkets
Yahoo
6 days ago
- Business
- Yahoo
BlackRock's 'Bumpier' Quarter Fuels Poor Earnings
As Larry Fink reshapes BlackRock Inc. beyond public markets, its latest results show one thing: Expectations for the world's largest asset manager are going up. BlackRock shares fell as much as 7% Tuesday and were on track for the worst earnings-day drop in more than a decade, wiping out the bulk of the stock's 2025 gains. That came after the asset manager reported earnings surpassing the average estimate, in a quarterly performance that most analysts deemed somewhere between solid and strong. BlackRock "is entering into a new chapter in its growth story," said Kyle Sanders, an analyst at Edward Jones. "While the past two decades have been marked by the explosive growth in ETFs, the next phase of the firm's evolution will depend on private markets and technology via Aladdin." Cathy Seifert, CFRA Research Vice President, says she thinks investors are reacting to the "execution risk" inherent to Blackrock's strategy.
Bloomberg
15-07-2025
- Business
- Bloomberg
BlackRock's ‘Bumpier' Quarter Fuels Poor Earnings
As Larry Fink reshapes BlackRock Inc. beyond public markets, its latest results show one thing: Expectations for the world's largest asset manager are going up. BlackRock shares fell as much as 7% Tuesday and were on track for the worst earnings-day drop in more than a decade, wiping out the bulk of the stock's 2025 gains. That came after the asset manager reported earnings surpassing the average estimate, in a quarterly performance that most analysts deemed somewhere between solid and strong. BlackRock 'is entering into a new chapter in its growth story,' said Kyle Sanders, an analyst at Edward Jones. 'While the past two decades have been marked by the explosive growth in ETFs, the next phase of the firm's evolution will depend on private markets and technology via Aladdin.' Cathy Seifert, CFRA Research Vice President, says she thinks investors are reacting to the "execution risk" inherent to Blackrock's strategy. (Source: Bloomberg)
Yahoo
15-07-2025
- Business
- Yahoo
JPMorgan Chase launches Strategic Financing Solutions unit
JPMorgan Chase has launched a new division within its commercial and investment banking sector, with focus on tailored financing solutions across both public and private markets, reported Bloomberg. The initiative, referred to as Strategic Financing Solutions, will involve a collaborative effort among banking, markets, and sales teams, as outlined in an internal memo. The new unit will initially concentrate on structured private solutions, infrastructure finance, strategic asset-backed securities finance, merchant banking, and direct lending. Doug Petno and Troy Rohrbaugh, co-heads of the commercial and investment bank, noted in the memo, 'Financing needs are becoming increasingly complex while investors are seeking exposure to new markets.' They added that the team 'will focus on delivering alternative solutions to our corporate and sponsor clients.' Warfield Price, who leads general industries leveraged finance, and Masi Yamada, global head of corporate structuring, will jointly oversee the new group while maintaining their existing responsibilities. They will report to Kevin Foley, global head of capital markets, and Brad Tully, global head of private side sales and corporate derivatives, as per the memo seen by Bloomberg News. This move is intended to capitalise on the merging of public and private markets, particularly as more US firms opt to remain private for extended periods. An example of this trend is 3G Capital's intended acquisition of Skechers USA, for which JPMorgan provided advisory services in a $9.4bn take-private transaction announced earlier this year. This deal involved a combination of cash and debt, with JPMorgan facilitating two term loans, two notes, and a revolving credit facility. The newly formed business will also encompass JPMorgan's direct-lending operations, for which the bank allocated an additional $50bn earlier this year, following the deployment of over $10bn across 100 transactions since 2021. Recently, JPMorgan Chase appointed David Frame as the global CEO of its private bank. He previously served as the CEO of the US private bank. "JPMorgan Chase launches Strategic Financing Solutions unit" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
14-07-2025
- Business
- Yahoo
JPMorgan Forms New Banking Team Focused on Bespoke Financings
(Bloomberg) -- JPMorgan Chase & Co. created a unit in its commercial and investment bank focused on bespoke financing structures across public and private markets. Why Did Cars Get So Hard to See Out Of? How German Cities Are Rethinking Women's Safety — With Taxis Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests The business, dubbed strategic financing solutions, will be a collaboration between banking, markets and sales, according to an internal memo Monday. It will initially focus on structured private solutions, infrastructure finance, strategic asset-backed securities finance, merchant banking and direct lending. 'Financing needs are becoming increasingly complex while investors are seeking exposure to new markets,' Doug Petno and Troy Rohrbaugh, co-heads of the commercial and investment bank, wrote in the memo, which was seen by Bloomberg News. The team 'will focus on delivering alternative solutions to our corporate and sponsor clients.' Warfield Price, head of general industries leveraged finance, and Masi Yamada, global head of corporate structuring, will co-lead the group in addition to their current roles. They'll report to Kevin Foley, global head of capital markets, and Brad Tully, global head of private side sales and corporate derivatives, according to the memo. The move is aimed at capturing both the convergence of public and private markets, with more US companies choosing to stay private for longer, and increasingly complex client needs. One example is 3G Capital's planned acquisition of Skechers USA Inc. JPMorgan advised 3G in its $9.4 billion take-private deal for the footwear maker, which was announced earlier this year. The transaction was a mix of cash and debt, and JPMorgan arranged two term loans, two notes and a revolving credit facility. The new business will house JPMorgan's direct-lending effort, for which it set aside an additional $50 billion earlier this year after deploying more than $10 billion across 100 deals since 2021. Foley said in an interview in February that JPMorgan aims to be 'product-agnostic' in its offerings to clients. Goldman Sachs Group Inc. made a similar move earlier this year, when it formed a capital solutions group to recognize the growing importance of private markets. 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot 'The Turbulence Is Brutal': Four Shark Tank Businesses on Tariffs Trump's Cuts Are Making Federal Data Disappear Trade War? No Problem—If You Run a Trade School ©2025 Bloomberg L.P.
Bloomberg
09-07-2025
- Business
- Bloomberg
Cetera Brings Private Markets Products to Retail Investors
Financial planning conglomerate Cetera Financial Group Inc. is partnering with Wall Street heavyweights including Blackstone Inc. and Apollo Global Management Inc. to bring portfolios infused with private markets products to thousand of advisers. Bloomberg's Loukia Gyftopoulou has more on the story. (Source: Bloomberg)
