Business Model ResilienceA diversified, defensive alternative-management model that generates organic growth in both rising and falling markets should help stabilize earnings and sustain investor demand through market cycles.
Deployment ActivitySustained deployment momentum combined with record available capital positions the firm to maintain high investment activity across strategies, supporting future management fee and performance fee growth.
Fundraising And Assets Under ManagementStronger-than-expected inflows and elevated assets under management expand the fee-bearing base, increasing recurring management fee revenue and contributing to earnings upside versus consensus.