Mixed quarter with falling spread-related income, but noted for having the least exposure to software-related private equity risks.

Institutional interest in on-chain assets and tokenization of traditional finance products.

Facing increased redemption requests and potential contagion risk from broader private credit market volatility.

Differentiated by low software exposure and a focus on asset-liability matching through its Athene integration. Focuses on lending against cash flow and physical collateral.

Creditor involved in Medallia restructuring; Apollo Debt Solutions has marked down the company's debt significantly.

One of the creditors set to take control of Medallia following Thoma Bravo's $5.1 billion loss.

Analyst is underweight on alternative asset managers as the regulatory environment shifts back toward traditional banks.

The firm has capped redemptions at $1.6 billion for its $25 billion debt fund due to a liquidity crunch and surge in withdrawal requests.

Positioned as a long-term winner in the M&A cycle with permanent capital to buy distressed assets.

High exposure to the private credit bubble and potential liquidity risks as the shadow banking system faces stress.