---
title: "BREAKINGVIEWS-Buyout barons rise from the ashes into the fire"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275355768.md"
datetime: "2026-02-09T19:35:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275355768.md)
  - [en](https://longbridge.com/en/news/275355768.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275355768.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275355768.md) | [繁體中文](https://longbridge.com/zh-HK/news/275355768.md)


# BREAKINGVIEWS-Buyout barons rise from the ashes into the fire

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)

By Jonathan Guilford

NEW YORK, Feb 9 (Reuters Breakingviews) - As Apollo nears $1 trln in assets, peers Carlyle, Brookfield and Blackstone are leading a delayed resurgence of activity. The new dawn, however, coincides with AI-fueled panic. Overheated 2021 tech deals would only start the trouble; industry crown jewels are also endangered.

Full view will be published shortly. Follow Jonathan Guilford on X and LinkedIn.

### CONTEXT NEWS

Apollo Global Management said on February 9 that it generated $1.5 billion in adjusted net income in the fourth quarter of 2025, roughly 21% higher than what analysts were expecting, according to Visible Alpha.

Peer Carlyle on February 6 reported $365 million in after-tax distributable earnings, its comparable metric, up 10% from a year earlier. Blue Owl Capital on February 5 said it generated $383 million in earnings, a 21% increase, while Brookfield Asset Management on February 4 reported $767 million, up 18%. (Editing by Jeffrey Goldfarb; Production by Maya Nandhini)

### Related Stocks

- [Blackstone Mortgage Trust, Inc. (BXMT.US)](https://longbridge.com/en/quote/BXMT.US.md)
- [Blackstone Inc. (BX.US)](https://longbridge.com/en/quote/BX.US.md)
- [ProShares Global Listed Private Equity (PEX.US)](https://longbridge.com/en/quote/PEX.US.md)
- [The Carlyle Group Inc. (CG.US)](https://longbridge.com/en/quote/CG.US.md)
- [Brookfield Asset Management Ltd. (BAM.US)](https://longbridge.com/en/quote/BAM.US.md)
- [Brookfield Corporation (BN.US)](https://longbridge.com/en/quote/BN.US.md)
- [Blue Owl Capital Inc. (OWL.US)](https://longbridge.com/en/quote/OWL.US.md)
- [NYLI Hedge Multi-Strategy Tracker ETF (QAI.US)](https://longbridge.com/en/quote/QAI.US.md)
- [Apollo Global Management, Inc. (APO.US)](https://longbridge.com/en/quote/APO.US.md)

## Related News & Research

- [Chescapmanager LLC Raises Stock Position in Blue Owl Capital Inc. $OWL](https://longbridge.com/en/news/279150945.md)
- [Assessing Blue Owl Capital (OWL) After A 45% One Year Share Price Slide](https://longbridge.com/en/news/277842900.md)
- [Blackstone Revives Plan to Sell Canary Wharf Office Building](https://longbridge.com/en/news/278913676.md)
- [Market Chatter: Carlyle's Quest Global Explores $1 Billion Mumbai IPO](https://longbridge.com/en/news/278522491.md)
- [Market Chatter: Carlyle Plans Credit Vehicle to Seed New Buyout Fund, Pay Back Investors of Older Funds](https://longbridge.com/en/news/278578272.md)