Jim Cramer has taken to X to say that private equity is “under attack again,” as some of the largest firms in the space, KKR & Co. (NYSE:KKR), Blackstone (NYSE:BX), Apollo Global (NYSE:APO), and Carlyle Group (NYSE:CG) stocks are all experiencing declines on Tuesday.
Private market stocks fell alongside the broader financial sector as surging Treasury yields weighed heavily on asset managers and alternative investment firms.
KKR & Co. stock is trading at $93.22, down 2.88% today, and 26% on the year. The company also announced that it is selling its entire stake in Kokusai Electric.
data-variant=”card”
data-news-mode=”manual”
>
Read Also:
Blue Owl Raises Stakes With Second $400 Million Bond Offering
This post was originally published here
