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Alternative asset managers brace for investor test over AI, redemptions

Alternative asset managers brace for investor test over AI, redemptions

By Manya Saini, Isla Binnie and Arasu Kannagi Basil April 21 (Reuters) - Wall Street's largest alternative asset managers face a critical test in the coming weeks as they try to convince investors that concerns over AI disruption to their portfolio companies and a pullback in retail private credit

Private credit funds for wealthy individuals raise 45% less new money in Q1, RA Stanger says

Private credit funds for wealthy individuals raise 45% less new money in Q1, RA Stanger says

By Isla Binnie NEW YORK, April 22 (Reuters) - New money flows into a popular category of private credit funds for wealthy investors dropped by 45% in the first three months of this year from the same period of 2025, according to data released on Wednesday by specialist investment bank RA Stanger.

Exclusive-Thoma Bravo nears agreement to turn software firm Medallia over to creditors, sources say

Exclusive-Thoma Bravo nears agreement to turn software firm Medallia over to creditors, sources say

By Milana Vinn and Isla Binnie NEW YORK, April 22 (Reuters) - Private equity firm Thoma Bravo is nearing an agreement to hand over software firm Medallia to its lenders, wrapping up months of restructuring negotiations, according to two people familiar with the matter.

Convenience store chain Yesway climbs in Nasdaq debut as IPO market recovers

Convenience store chain Yesway climbs in Nasdaq debut as IPO market recovers

By Manya Saini April 22 (Reuters) - Convenience store operator Yesway's shares jumped 10% in their Nasdaq debut on Wednesday, signaling a revival in investor appetite for new listings as equity markets hover near record highs.

Equifax profit jumps on US mortgage strength, maintains revenue outlook

Equifax profit jumps on US mortgage strength, maintains revenue outlook

April 21 (Reuters) - Credit bureau Equifax reported a jump in first-quarter profit on Tuesday, as higher loan demand lifted its U.S. mortgage business, and maintained its full-year revenue outlook, citing macroeconomic uncertainty. Its shares rose 0.5% in premarket trading after results.

Treasury Wine uncorks fresh regional model; shares at two-month high

Treasury Wine uncorks fresh regional model; shares at two-month high

By Shivangi Lahiri April 22 (Reuters) - Australia's Treasury Wine Estates said on Wednesday it will shift to a new regional operating model on October 1 to simplify its structure and lower costs, lifting shares of the luxury winemaker to their highest point in more than two months.

Tesla reports surprise positive free cash flow in the first quarter

Tesla reports surprise positive free cash flow in the first quarter

April 22 (Reuters) - Tesla reported a surprise positive free cash flow in the first quarter on Wednesday, defying expectations for cash burn as the electric-vehicle maker is yet to ramp up spending on artificial intelligence and manufacturing capacity.

American Express beats profit estimates as wealthy customers keep up spending

American Express beats profit estimates as wealthy customers keep up spending

April 23 (Reuters) - American Express sailed past Wall Street expectations for first-quarter profit on Thursday, as the credit card giant's affluent customers spent on travel and discretionary purchases.

Affiliates of Blue Owl to buy healthcare REIT Sila Realty Trust for $2.4 Billion

Affiliates of Blue Owl to buy healthcare REIT Sila Realty Trust for $2.4 Billion

By Isla Binnie and Kritika Lamba April 20 (Reuters) - Affiliates of Blue Owl Capital's real estate arm have agreed to acquire Sila Realty Trust, a healthcare-focused real estate investment trust, in an all-cash deal valued at about $2.4 billion, the companies said on Monday.

JetBlue CEO rules out bankruptcy this year despite surging fuel costs amid Iran war

JetBlue CEO rules out bankruptcy this year despite surging fuel costs amid Iran war

By Shivansh Tiwary April 20 (Reuters) - JetBlue Airways CEO Joanna Geraghty told employees the carrier was not considering bankruptcy for this year, according to a memo seen by Reuters on Monday, even as higher jet fuel prices due to the Iran war threaten its financial recovery.

Robust US commercial loan growth eases worries of economic slowdown

Robust US commercial loan growth eases worries of economic slowdown

By Utkarsh Shetti April 20 (Reuters) - U.S. banks last week reported a sharp ramp-up in corporate borrowing, offering an early indication of resilience in parts of the economy even as inflationary pressures and broader fears of a slowdown persist.

GE Aerospace sees 2026 profit at top of range, but warns of oil risks

GE Aerospace sees 2026 profit at top of range, but warns of oil risks

April 21 (Reuters) - GE Aerospace said on Tuesday it was on track to hit the high end of its 2026 profit outlook, even as it warned of bottlenecks from higher oil prices, fuel supply constraints and slower global growth.