Allison McNeely

(Bloomberg) -- Blackstone Inc.'s Strategic Partners unit sold a $1.1 billion portfolio of private equity fund interests to Ares Management Corp.

(Bloomberg) -- JPMorgan Chase & Co. is sounding out investors about a pair of large synthetic risk transfer deals ahead of looming changes to capital rules, according to people with knowledge of the matter.

Net-asset-value loans more prevalent amid deal drought Some investors view them as risky financial engineering

KKR & Co. reported first-quarter profit that beat Wall Street estimates after the alternative asset manager changed how it relays financial results to emphasize recurring earnings over lumpier private equity asset sales.

KKR & Co. executives see a strong market for synthetic risk-transfer deals, as US banks seek to shift their loan exposure ahead of stricter capital requirements in the wake of last year’s regional bank crisis.

Apollo Global Management Inc. reported higher first-quarter profit as the firm raked in more management fees and originated a record $40 billion of private credit, a key area of growth.

Ares Management Corp. anticipates a pickup in deals later this year after the alternative-asset manager reported a muted quarter for lending to new mergers and acquisitions activity.

University trustees have failed to do their part to uphold excellence and balance at US colleges, Apollo Global Management CEO Marc Rowan said, as protests over the Israel-Hamas war have roiled college campuses.

University trustees have failed to do their part to uphold excellence and balance at US colleges, Apollo Global Management CEO Marc Rowan said, as protests over the Israel-Hamas war have roiled college campuses.

Firm selected bid that valued portfolio at 60 cents on dollar The transaction for the credit portfolio has yet to close