$KKR

CoreWeave (CRWV) rose more than 15% in after-hours after Q2 results. The company reported a GAAP EPS loss of $1.14 and revenue up 113.2% Y/Y to $2.58B, with investors focused on forward profit margins. CoreWeave added financing via a $3.1B term loan, $1B from Jane Street, and over $10B in debt and convertibles. MercadoLibre (MELI) gained 6.34% to $1,940 as its credit portfolio rose to $16.4B (+75% Y/Y). KKR (KKR) moved on easing private credit fears and plans tied to Nvidia’s AI infrastructure p

ValueAct Holdings increased its Spotify stake by 46.9% to 526,800 shares in Q2, according to an SEC filing. It also raised its KKR position by 8.5% to 3.6 million shares and reported holding 2.2 million sponsored ADS in PayPal. Holdings were as of June 30, 2026.

KKR emailed First Philippine Holdings (FPH) and First Gen Corp. on July 10 with a three-step plan, disclosed in an Aug. 13 letter to the PSE. KKR would buy 8.43% of First Gen from FPH, then buy the 11.67% public float, and seek delisting. KKR says any change-of-control deal would trigger a mandatory tender offer and a control premium at least 30% above its offer price (about P46 vs ~P35).

Reuters reports Nvidia is partnering with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to launch compute financing platforms to raise over $500 billion of third-party capital for AI infrastructure. Nvidia said it can backstop up to $125 billion. The article also cites Apollo and Blackstone funding Anthropic’s $35 billion expansion and Meta’s $27 billion deal with Blue Owl.

Nvidia partners with Wall Street firms to mobilize over $500 billion of third-party capital for AI infrastructure, while hyperscalers use bonds, joint ventures, and leases to fund data centers. Goldman estimates lease commitments of $1.5 trillion, including $1 trillion uncommenced. The leveraged hedge fund Situational Awareness collapsed after margin calls, highlighting tracking and unwind risks.

KKR proposed to increase its stake in First Gen Corp., a Lopez-led power producer, by buying an additional 8.43% from First Philippine Holdings and then launching a voluntary tender offer for the remaining 11.67% public float to support voluntary delisting from the PSE, according to First Gen. KKR’s offer implies a control premium of at least 30% above its price, about P46/share. First Gen shares rose 2.38% to P28.

The Wall Street Journal reports that defaults and nonaccruing loans have risen to five-year highs across several large publicly traded private credit funds, including Ares, Golub Capital, Blue Owl Capital, and Blackstone. Blue Owl’s nonaccruals hit 2.8% in Q2. Watchlists of troubled borrowers expanded, while some funds limited redemptions and returns deteriorated.

KKR appointed Sam Caven and Marshall Nevins as co-heads of acquisitions for the Americas, reporting to Justin Pattner. Nevins joins from Blackstone, where he led real estate investments; Caven has led KKR U.S. real estate fund activity since 2024 and previously worked at Starwood. KKR said the change supports growth in its Americas equity real estate platform, which has $84B AUM.

Stocks ended lower ahead of Wednesday’s CPI. Oil fell briefly after Pakistan said the US and Iran are close to an arrangement to reopen the Strait of Hormuz, but Iran said it would keep it shut until conditions are met. Treasuries rose on CPI anticipation. Notable movers included DDOG, ADBE, ORCL, KKR, APO, and ONON after weak sales; AMTM cut guidance; RPD raised EPS outlook.

Alternative asset managers reported Q2 results focused on wealth-channel fundraising and redemption trends. Blackstone said private wealth AUM rose 16% to $324B and Q2 sales were $8.6B, while BCRED saw $1.2B net outflows. Ares reported $3.9B inflows and $76B wealth AUM. KKR reported $3B inflows. Non-traded BDCs had $2B raised, down 82% YoY, with net outflows of $3.8B.