Samsung Asset Management Eyes Credit Secondaries, Co-Investments
Samsung Asset Management announced it will pursue credit‑secondaries and co‑investment opportunities, aiming to add a layer of downside protection amid volatile macro trends. Head of OCIO Seong Sup Cho said the strategy lets the firm move against the herd rather than follow it. The move reflects a broader shift among large asset managers toward private‑credit assets that can generate stable fee income. Samsung’s entry signals confidence in the growing credit‑secondaries market despite uncertain economic conditions.
Manulife to Deploy More than $2bn in Private Credit
Manulife Financial announced it will allocate more than $2 billion to private‑credit investments in 2024, with an initial $400 million committed to five specialist managers. The capital will be used for senior secured loans, mezzanine debt and other specialty financing structures. The...
Catastrophe Bonds Highlighted as a Critical Tool for Impact-Focused Fixed Income
Catastrophe bonds, a subset of insurance‑linked securities, are gaining attention as an impact‑focused fixed‑income tool. As climate‑driven disasters increase, these bonds transfer disaster risk to capital markets, delivering rapid liquidity for sovereign and sub‑sovereign issuers such as Mexico and Jamaica....
Building Safety Provisions Deepen Loss at Liverpool Contractor
Downing Construction reported a pre‑tax loss of $11.1 million for the year to 31 March 2025, a 50% decline from the previous year’s $7.4 million loss. The deeper deficit was driven by a surge in building‑safety provisions, which rose to $22.1 million as the firm...
Invel Secures €65m UniCredit Facility for Italian Hybrid Hospitality Growth
Invel has secured a €65 million (approximately $70 million) credit facility from UniCredit to fund its hybrid hospitality expansion in Italy. The financing underpins a joint venture with YellowSquare slated for a 2025 market launch. The loan will be used to develop...
The Hidden Risk in South Africa’s Payment Infrastructure
South Africa faces a looming risk of being excluded from the global SWIFT network because its payment data does not meet the ISO 20022 standard slated for November 2026. The new format replaces legacy MT messages with structured XML, demanding precise address...
Payfast Founder Acquires iVeri
Jonathan Smit, the founder of Payfast, announced his acquisition of iVeri, a payment technology firm with a 30‑year legacy in Africa. Smit, who exited Payfast between 2019 and 2021 and now runs a portfolio of over 30 businesses, will retain...
Arch Capital’s Voussoir Re Sidecar Issues and Lists 2026-3 Preferred Shares
Arch Capital’s Bermuda‑based Voussoir Re sidecar has issued 1,000 Series 2026‑3 non‑voting, redeemable preferred shares, each with a $0.01 par value. The shares were privately placed with qualified investors and listed on the Bermuda Stock Exchange under sponsor Artex Corporate Services....
QwickRoute’s aRFQ™ Raises the Bar on ETF Liquidity
ETF assets have surged to over $20 trillion globally, prompting demand for more efficient trading tools. MCAP’s QwickRoute platform introduced aRFQ™, an automated Request‑for‑Quote protocol designed specifically for ETFs. In just two years, aRFQ has been adopted by more than 50...
From CrowdStrike to Chewy, These Tanking Stocks Are Announcing Buybacks
CrowdStrike, Chewy and Nutanix have each announced sizable buy‑back authorizations as their shares slump 30‑40% from recent peaks. CrowdStrike added a $500 million tranche, lifting its total capacity to $1.5 billion, while Chewy tripled its program to $750 million and Nutanix expanded to...
Asia Gains Ground in Global Capital Shift - Weekly Roundup: 14 April
HSBC’s new survey of 3,000 global firms shows a decisive tilt toward Asia, with 41% naming mainland China as the most important market over the next five years, while volatility is now seen as a permanent backdrop. Investors are reallocating...
Diana Turns up Heat on Genco with Shareholder Offensive
Diana Shipping has escalated its bid for Genco Shipping & Trading to a direct shareholder appeal, offering $23.50 per share – a 31% premium to the undisturbed price – backed by $1.433 bn of committed financing. The Greek owner accuses Genco’s...
Indian Startup ESOP Buybacks in Q1 2026 Beat 2024 and 2025: $2 Bn Liquidity Since 2020
Indian startup ESOP buybacks surged in Q1 2026, reaching roughly $220 million across seven firms—already exceeding the full‑year totals of 2024 ($190 million) and 2025 ($75 million). Since 2020, cumulative buybacks have approached $2 billion, underscoring a renewed liquidity push after a dip post‑2022. Leading...
Battery Ventures’ Zak Ewen: Software Company Value in ‘More than Just the Product’
Battery Ventures partner Zak Ewen told PE Hub that a software company’s worth extends beyond its code. He argues that firms with deep end‑market expertise, strong customer relationships, and valuable data are more resilient to AI‑driven disintermediation. Investors, therefore, should...
Leegality Crosses Rs 80 Cr Revenue in FY25, Profit Jumps over 2X
Leegality, the Gurugram‑based digital documentation and e‑signature platform, posted FY25 revenue of Rs 81.1 crore (≈$9.8 million), a 2.4‑times increase from FY23. Operating revenue grew 30% YoY to Rs 81.08 crore, while total revenue reached Rs 86.6 crore including other income. Profit surged to Rs 3.7 crore (≈$445 k), more...
Kelluu Raises €15m to Secure Europe’s Skies with Autonomous Airships
Finnish autonomous‑airship startup Kelluu raised €15 million ($16.3 million) in a Series A round led by the NATO Innovation Fund, its first Finnish investment. The company operates the world’s largest fleet of hydrogen‑powered, unmanned airships that can stay aloft for more than 12 hours...
REMINDER: Capped Contingency Liquidity Facility Test – April 2026
The Fixed Income Clearing Corporation (FICC) issued a reminder that its annual Capped Contingency Liquidity Facility (CCLF) test will occur April 20‑24, 2026 in three parts. The test aims to raise members’ awareness of potential capital commitments, verify operational understanding of CCLF...
Five Smart Questions to Optimise Your Business Payments Setup
Payments are a core business function but often go unchecked after initial setup. The article outlines five questions merchants should ask their banks or payment service providers, covering fee structures, Merchant Choice Routing, system resilience, alignment with Australian consumer habits,...
Transcript: OpenAI Investors Question Its Valuation
Investors are scrutinising OpenAI’s roughly $850 bn valuation as the company pivots toward enterprise AI tools. The shift follows strong consumer performance with ChatGPT but raises doubts about competing with Anthropic and Google in the business market. OpenAI’s planned public listing...
Stabilization Fund to Not Intervene Despite Middle East Conflict
Taiwan’s National Financial Stabilization Fund announced it will not intervene in the stock market despite heightened volatility from the Israel‑Iran conflict. The Ministry of Finance cited the island’s solid economic fundamentals and existing price‑stabilization measures that have cushioned crude‑oil price...
Apac (Ex Japan) Investment Banking Fees Fell 5% in Q1 as ECM Fees Grew 62%: LSEG
LSEG data shows APAC (ex‑Japan) investment‑banking fees fell 5% YoY to $5.3 billion in Q1 2026. Despite the decline, equity capital markets (ECM) fees surged 62%, driven by Hong Kong activity. Conversely, M&A fees plunged 47% across the region. The mixed results highlight...
M&A Boom in Japan Is Fuelling Record Corporate Bond Sales
Japan's corporate bond market is set to break records as M&A activity drives unprecedented funding demand. Yen‑denominated issuance surged 94% year‑over‑year in March, and Daiwa estimates total sales will reach ¥16.5 trillion (about $110 billion) this fiscal year, up from ¥15.9 trillion last...
BlackRock’s Asia Private Credit Fund Sees China Borrower Default
BlackRock’s Asia‑Pacific Private Credit Opportunities Fund II recorded its first borrower default when Shanghai‑based Metcold Holdings failed to repay a $27.5 million principal and roughly $12 million in accrued interest. The fund, which raised about $435 million, had extended its investment period by a...
Westpac Flags Middle East Risk, Weaker Markets Income; Mortgage Portfolio Sale Cost Hits Profit
Westpac Banking Corp warned that the Middle East conflict and related energy‑market shocks are pressuring first‑half profits, prompting higher credit provisions. Net interest margin in its treasury and markets unit fell to 7 basis points in Q2, down from 15...
Minister Says Pakistan ‘Committed’ to Repay US$3 Billion Loan From UAE
Pakistan’s finance minister said the country is exploring a mix of commercial loans, bilateral lenders and new bond issuances to repay a $3 billion loan from the United Arab Emirates after a rollover failed for the first time in seven years....
TRX Gold Corp (TRX) Q2 2026 Earnings Call Transcript
ReposiTrak (TRX) reported a solid Q2 2026 performance, with revenue climbing 7% to $5.9 million and operating income jumping 34% to $1.8 million. Recurring SaaS subscriptions now represent over 98% of total revenue, underscoring the company’s successful business‑model transformation. Cash rose to...
Data Storage Corp (DTST) Q4 2025 Earnings Call Transcript
Data Storage Corp completed a strategic overhaul in FY2025, monetizing its Cloud First subsidiary for $40 million and generating $31.6 million in net proceeds. The company returned $29.3 million to shareholders via a tender offer, slashing its share count by roughly 72%, and...
Wells Fargo & Co (WFC) Q1 2026 Earnings Call Transcript
Wells Fargo reported Q1 2022 net income of $3.7 billion, or $0.88 per share, aided by a $1.1 billion reduction in the allowance for credit losses. Loan balances grew 6% year‑over‑year, driving a 5% rise in net interest income despite fewer days...
IP Strategy Holdings Inc (IPST) Q4 2025 Earnings Call Transcript
Greystone Housing Impact Investors LP reported a GAAP net loss of $2.6 million for Q4 2025, largely due to a $7.4 million proportionate share of losses from non‑vantage joint‑venture equity investments. The partnership’s unit price closed at $5.87, reflecting a...
JPMorgan Chase & Co (JPM) Q1 2026 Earnings Call Transcript
Raymond James Financial reported a record $3.7 billion in net revenue for Q1 2026, driven by strong Private Client Group growth and a surge in securities‑based lending. Adjusted earnings per share rose to $2.86, while pretax margin reached 20% and return on...
Johnson & Johnson (JNJ) Q1 2026 Earnings Call Transcript
Johnson & Johnson reported $24.6 billion in worldwide sales for the first quarter, a 7.1% operational increase, and closed 2025 with $94.2 billion in revenue, up 5.3% year‑over‑year. Adjusted diluted EPS rose to $2.46, a 20.6% gain, while free cash flow reached...
CIB Marine Bancshares Inc (CIBH) Q1 2026 Earnings Call Transcript
Civista Bancshares reported Q1 2026 net income of $12.3 million, a 24% year‑over‑year increase, despite a $3.4 million pre‑tax charge tied to the Farmers Savings Bank acquisition. The deal added $106 million in loans and $236 million of low‑cost deposits, while net interest margin...
Albertsons Companies Inc (ACI) Q4 2026 Earnings Call Transcript
Walmart reported a 4.9% constant‑currency revenue increase in Q4, driven by a 24% surge in global eCommerce. Adjusted operating income rose 10.5%, outpacing sales growth and highlighting the strength of higher‑margin advertising and membership businesses. Fast‑delivery capabilities expanded, with 35%...
Carmax Inc (KMX) Q4 2026 Earnings Call Transcript
CarMax reported Q4 2026 total sales of $5.8 billion, a 6.9% decline driven by lower unit volumes and a shift toward older, higher‑mileage vehicles. Retail used‑car margins fell 11% and wholesale margins dropped 17% amid steep depreciation and reduced wholesale pricing....
Creative Realities Inc (CREX) Q4 2025 Earnings Call Transcript
Creative Realities Inc. reported a Q4 2025 revenue of $23.9 million, more than double the prior year, largely driven by the recent CDM acquisition which contributed $13.6 million. Adjusted EBITDA surged to $5.2 million and gross margin improved to 47.9%, reflecting higher‑margin services...
Equity Bancshares Inc (EQBK) Q1 2026 Earnings Call Transcript
Equity Bancshares reported a strong Q1 2026, finishing the quarter with $6.4 billion in assets—a 21% increase driven largely by the $1.4 billion Frontier merger. Net income rose to $22.1 million, or $1.15 per diluted share, while adjusted earnings reached $23.3 million. Net interest...
SemiLEDs Corp (LEDS) Q2 2026 Earnings Call Transcript
SemiLEDs Corp reported record Q2 2026 net sales of $257.6 million, a 20% year‑over‑year increase, driven by strong data‑center and high‑end consumer demand. The company slashed its net leverage to 1.6 times after reducing debt by $879 million, cutting quarterly interest expense by...
Legato Merger Corp III (LEGT) Q1 2026 Earnings Call Transcript
Legend Biotech reported a 66% year‑over‑year jump in CARVYKTI net trade sales to $555 million, driving total revenue to $306 million and narrowing the operating loss to $20 million. Gross margins held at 61% while manufacturing capacity reached 10,000 doses with a 97%...
Gloo Holdings Inc (GLOO) Q4 2025 Earnings Call Transcript
Glaukos Corp reported a record fourth‑quarter net sales of $143.1 million, a 36% year‑over‑year increase, and full‑year 2025 sales of $507.4 million, surpassing $500 million for the first time. Growth was powered by the iDose TR glaucoma franchise, which generated $45 million in Q4 and...
Bank7 Corp (BSVN) Q1 2026 Earnings Call Transcript
Bank7 Corp reported robust loan growth and solid organic deposit gains in its fiscal fourth‑quarter 2025 results, while fee income reached $2 million and core expenses stayed near $9 million. Net interest margin showed modest compression as rates fell, with the cost...
Destiny Media Technologies Inc (DSNY) Q2 2026 Earnings Call Transcript
Waystar Holding Corp. reported Q4 2025 revenue of $304 million, up 24% year‑over‑year, with subscription revenue representing 55% of the total and growing 38% YoY. Adjusted EBITDA rose 29% to $129 million, delivering a 42.5% margin, while net revenue retention hit 112%...
Surgepays Inc (SURG) Q4 2025 Earnings Call Transcript
SurgePays Inc. posted a Q4 2025 revenue of $18.7 million, a 292% year‑over‑year increase driven by rapid expansion of its Lifeline‑subsidized MVNO, prepaid Point‑of‑Sale services and new wholesale partnerships. Subscriber counts surged to over 125,000 Lifeline users and 95,000 active LinkUp...
Bitmine Immersion Technologies Inc (BMNR) Q2 2026 Earnings Call Transcript
Bitdeer Technologies Group reported Q2 2026 revenue of $224.8 million, up 226% year‑over‑year, driven by a surge in self‑mining hash rate and SealMiner sales. Gross margin fell sharply to 4.7% as Bitcoin prices slipped, electricity costs rose and depreciation accelerated. Adjusted EBITDA...
Foundation Says It Found Evidence of Misconduct
The Ma Ying‑jeou Foundation announced it has uncovered material evidence of suspected financial misconduct by former chief executive Hsiao Hsu‑tsen and former deputy chief executive Wang Kuang‑tzu. An internal audit revealed undocumented overseas “donations” with no corresponding inflows, suggesting possible misappropriation. The foundation...
Starco Brands Inc (STCB) Q4 2025 Earnings Call Transcript
Starco Brands reported Q4 2025 revenue of $147 million, a modest 1% year‑over‑year increase and 6% sequential growth driven by a back‑end‑weighted cadence. Branded Products led the upside with $97 million in sales, up 5% YoY and more than $10...
Unity Bancorp Inc (UNTY) Q1 2026 Earnings Call Transcript
Unity Bancorp reported moderate single‑digit average loan growth in Q1 2026, slightly slower than prior quarters but expected to hold through the year. The bank’s core net interest margin is projected to stay within 4.40‑4.45%, supported by stable deposit costs...
TH International Ltd (THCH) Q4 2025 Earnings Call Transcript
Gentherm reported record automotive new‑business awards of $2.2 billion, including $485 million in Q4, while revenue rose 2.9% to $1.5 billion. Adjusted EBITDA fell to $175 million (11.7% margin) as material costs and footprint realignment weighed on profitability. The company outlined 2026 guidance of...
Gloo Holdings Inc (GLOO) Q4 2026 Earnings Call Transcript
GitLab reported record annual recurring revenue (ARR) surpassing $1 billion and full‑year revenue of $955 million, a 26% increase year‑over‑year. Non‑GAAP operating margin expanded to 17%, up 680 basis points, while adjusted free cash flow rose 83% to $220 million. The company launched...
FedEx CFO to Step Down in June
FedEx announced that Chief Financial Officer John Dietrich will step down on June 1, 2026, coinciding with the planned spin‑off of FedEx Freight into a separate public company. The firm named enterprise vice president of finance Claude Russ as interim...
Biomerica Reports Third Quarter Fiscal 2026 Financial Results
Biomerica reported third‑quarter fiscal 2026 results, highlighting strong real‑world performance of its inFoods® IBS test, which delivered 59.4% pain reduction and 68.1% bloating reduction among patients. The Centers for Medicare & Medicaid Services approved a $300 national Medicare payment rate...