Certainly everyone’s aware of the big story of the day i.e. the bailout plan’s failure to get passed the House in Congress and the stock market’s subsequent (not terribly shocking) disapproval. Declines lead advances at a lopsided clip of 20 to 1 on the NYSE with the Dow falling nearly 7%.

So in the small world of private equity that exists in the public markets, how did the notable firms fare?

> Fortress Investment Group (NYSE:FIG) - Closing Price: $11.00, - 0.13 (1.17%)

> The Blackstone Group (NYSE:BX) - Closing Price: 15.50, - 1.11 (6.60%)

> American Capital (NasdaqGS: ACAS) - Closing Price: 22.46, - 3.83, (14.57%)

> Allied Capital (NYSE: ALD) - Closing Price: 12.55, - 2.35 (15.77%)

> Apollo Investment (NasdaqGS: AINV) - Closing Price: 14.11, - 3.37 (19.28%)

> CapitalSource (NYSE: CSE) - Closing Price: 11.10, - 2.76 (19.91%)

Nothing but red certainly isn’t good, although in glancing at after-hours figures, things appear to be looking a little better with most firms recovering (albeit marginally). At the end of the day, the bailout lost by a close vote, so working out the details on an acceptable plan looks inevitable. Either way, it’ll be a turbulent and interesting week as we begin the fourth quarter.

This entry was posted on Monday, September 29th, 2008 at 3:56 pm and is filed under Private Equity News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.