(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
By Jonathan Guilford
NEW YORK, May 2 (Reuters Breakingviews) - Blackstone, Carlyle, KKR and Apollo’s first-quarter earnings each illustrate a different central quest: sustaining the firm, fixing it, reshaping it or growing it. With a total $2.7 trln of assets, all four are hitting some new goals, but still have their own ogres to vanquish.
Full view will be published shortly.
Follow @JMAGuilford on X
CONTEXT NEWS
Apollo Global Management said on May 2 that it generated roughly $1.1 billion in adjusted net income, a measure that reflects profit available to be distributed to shareholders, in the first quarter of 2024, up 26% from the year prior.
The three months to the end of March marked the first period since 2022 in which the private equity, credit and insurance firm and its peers Blackstone, Carlyle and KKR all reported year-over-year growth in comparable earnings measures.
(Editing by John Foley and Sharon Lam)
((For previous columns by the author, Reuters customers can click on Jonathan.Guilford@thomsonreuters.com; Reuters Messaging: Jonathan.Guilford.thomsonreuters.com@reuters.net))
Comments