CalPERS, other large investors embrace a strategy that may send more cash to private markets
ANALYSIS: Institutional investors that switch to the Total Portfolio Approach will have more flexibility to commit to private market asset strategies like private debt and private equity

European CLO AAAs drop below 120bps with latest Apollo issue
European CLO triple As dipped under the 120bps-over-Euribor barrier for the first time in 11 months, with the pricing of RRE 28 via BNP Paribas

Apollo readies offensive strategy for software valuation troubles
The alternative asset manager says it’s ready to step in as a lender or even provide equity to software companies as the market anticipates  challenges from artificial intelligence

Apollo takes crown as 2025’s top issuer
For the first time, the combined issuance of Apollo Global Management’s three CLO brands has secured it top spot in the Creditflux ranking. The firm beat second-placed Blackstone by USD 1bn

Apollo partners with Schroders on public-private credit
The two will launch a US collective investment trust in the second quarter for 401k defined contribution investors and create new products for UK wealth clients

Apollo nudges European AAAs down to 122bps
Barclays was the lead arranger on the reset of RRE 19 Loan Management, valued at EUR 362.5m, which also included Apollo as a co-placement agent

CLO manager rankings by AUM – FY 2025
Blackstone once again ended the year on top, but Apollo broke through to secure the second spot

Apollo prints narrow; benchmark European reset AAA spreads dip to 123 bps
Apollo has priced the tightest standard-duration European CLO reset since Liberation Day, with the reworking of RRME 18 trimming 4 bps off the existing market low

An opportunity-rich 2026 also promises fresh challenges for the US CLO market
EXCLUSIVE: A new Fed chair, AI dominance, and heightened fraud awareness are setting the stage for an interesting 2026 in the US CLO market

How direct lending took off in Europe
In the second of our two-part history, we look at the evolution of direct lending in the UK, the sector’s expansion to other parts of Europe, and its growth into a dominant asset class

MidCap prints rare static mid-market CLO
The middle market specialist issued the half-billion-dollar new issue via Bank of America

Apollo, PGIM latest to price new US CLOs at 122bps
Apollo’s USD 555m print was arranged via Citi and was the latest in the line of Rad CLOs from Irradiant, which Apollo purchased earlier this year, while PGIM priced Dryden 120 CLO through Nomura

Watch out for the cockroaches
After the collapse of First Brands, some of the biggest hitters in global finance have been quick to argue that any bugs in the system won’t affect them — but are bad news for everyone else

Prepayment headwinds should diminish after CLO purchase reduction – Apollo
The firm also said that it is preaching risk reduction after previously noting on its last earnings call that CLO spreads had tightened to unsustainable levels

Regulators will see the benefits of private credit – Blackstone
The resilience of private credit will become clear following a review of the sector by UK regulators, says Blackstone’s Daniel Leiter

Redding Ridge prints tightest European reset triple As since April
RRE 10 Loan Management was repriced in a EUR 461.4m transaction arranged by HSBC

Apollo partners with Coinbase on private credit, stablecoin strategies
The two firms aim to bring new investment products that focus on private credit and digital assets to the market in 2026

ABF increases the lending toolkit – Apollo co-head of asset-backed finance Bret Leas
PODCAST: Bret Leas, co-head of asset-backed finance at Apollo Global Management, says asset-backed financing has contributed to a significant widening of the financing toolkit, on the latest edition of the Credit Exchange podcast with Lisa Lee

“People overvalue liquidity” – Oak Hill Advisors
Individual investors end up taking on riskier investments like public equities rather than alternatives like private credit because of the liquidity profile, founder and CEO Glenn August said on a panel

Apollo, Oaktree and Searchlight among funds sitting on USS debt as company doesn’t make payment
EXCLUSIVE from Debtwire: Forbearance agreement reached between USS and creditors, as USS struggles financially despite recent LME efforts

Most private credit managers now offer semi-liquid vehicle options—Dechert
The number of private credit products that offer periodic redemptions have increased as more investors, both institutional and retail, demand more liquidity

Apollo launches sports lending strategy with new hires
The sports and live entertainment-focused strategy will invest in private credit and hybrid capital solutions opportunities

Apollo to launch three evergreen funds in Europe to tap individual investors
Apollo has secured regulatory approval in Luxembourg for three semi-liquid evergreen private markets funds including two credit ones

GoldenTree and Apollo set new mid-mezz tights with latest Euro deals
A new GoldenTree issue priced its single A paper at Euribor plus 200bps, while Apollo lowered the benchmark for triple Bs with a reset of its first European CLO

Apollo Debt Solutions issues second direct lending CLO
The print follows the manager’s inaugural such deal at the end of April, arranged by RBC and Apollo