CLO manager M&A driven by search for talent and scale

CLO manager M&A driven by search for talent and scale
Irradiant’s star investor Maji set to depart as firm is acquired

Apollo’s Redding Ridge resets 2021-vintage CLO
The reworking of RR 19 priced its triple As in line with the current market average for US BSL resets  

State Street, Apollo to rename private credit ETF, responding to SEC concerns
The US regulatory agency said the previous name, SPDR SSGA Apollo IG Public & Private Credit ETF, may be misleading to investors

State Street, Apollo’s private credit ETF launched before addressing all regulatory concerns - SEC
The SEC published an open letter implying that the industry’s first private credit ETF launched this week without getting proper approval.

State Street and Apollo win the private credit ETF race
The industry’s first private credit ETF will invest in investment grade private credit and investment grade public fixed income

Irradiant’s star investor Maji set to depart as firm is acquired by Apollo’s Redding Ridge
EXCLUSIVE: Debdeep Maji, Irradiant's head of structured credit, leads its third-party CLO equity fund, to be replaced by Apollo’s head of CLO investing

Apollo sets fresh triple-A low with latest print in Europe
Compared to the manager’s European deal last month, the cost of funding was 13bps lower  

Apollo’s Redding Ridge agrees to acquire Irradiant to become top 5 CLO manager
The deal will also see Irradiant Partners’s senior management team take up positions across Redding Ridge and Apollo

Apollo's Redding Ridge refinances 2022 vintage US BSL CLO
RR 20 is the first deal to be refinanced by the manager this year 

Apollo and Churchill set new low for middle-market CLO spreads
New deals from Churchill and MidCap have triple-A coupon spreads inside the tight set late last year by Blackstone  

Antares hires Olga Kosters to head credit secondaries
Antares Capital has hired Olga Kosters to head its credit secondaries business

Apollo prices Europe first new-issue CLO of 2025
Apollo's Redding Ridge has kick started new CLO issuance in Europe for the year, arranged by BNP and Apollo

Apollo's Redding Ridge joins Elmwood in pricing AAAs below 120
RR 37 was the second deal to price triple-As inside the levels seen in 2024

Apollo’s Redding Ridge resets, renames, and resizes BSL CLO from 2019
Redding Ridge Asset Management, the CLO management subsidiary of Apollo, has reset its RR 6, a 2019 vintage BSL CLO, and renamed it as RR 36 in the process

Apollo's MidCap prices first deal of 2024 with US reset
Middle-market specialist MidCap has returned to the market after 14 months with a USD 880m CLO offering   

RBC arranges two CLO resets in 24 hours
On Tuesday both Elmwood  and Redding Ridge printed resets arranged by RBC Capital. As coincidence would have it both of the reset deals are the 24^th in well-known US BSL CLO series

Apollo and Mubadala extend capital solutions originations partnership
Apollo and Mubadala Investment Company have extended a private debt partnership established in 2022 that focuses on finding larger deals that require bespoke capital solutions

Apollo prints new US BSL USD 504.64m CLO in Redding Ridge series
Redding Ridge Asset Management, the CLO management subsidiary of Apollo, printed its third new US BSL CLO of the year in its Redding Ridge series with Barclays serving as the arranger and Apollo serving as co-placement agent

European CLO double-B spreads hit 2024 low, signalling investor confidence
European CLO double-B spreads are falling lower, hitting year-to-date tights for both new issue and reset deals in the past week. Investors are waving off worries about a potential economic slowdown and opting for primary deals over secondary paper.

Apollo raises USD 4.8bn for large cap direct lending
Apollo Global Management has closed its Apollo Origination Partnership Fund II, raising approximately USD 4.8bn of investable capital

Apollo resets Euro CLO with fatter funding cost despite tight print
Apollo has reset a Redding Ridge European CLO that raises funding costs despite getting the lowest triple-A spread since September

Apollo prioritizes origination as dry powder pressures mount in private debt industry
Apollo's Rowan says sourcing deals will be the limiter of growth for his industry rather than finding capital, and will prompt more tie-ups with banks

RRX 4 becomes RR 32 in latest Apollo CLO reset
Redding Ridge has reset RRX 4 CLO. Renamed in the reset to RR 32, the CLO dates back to 2021 when it was known as Gulf Stream Meridian 4.

Citi and Apollo launch USD 25bn direct lending program
Apollo Global Management and Citigroup have agreed to form a USD 25bn private credit, direct lending program, involving Athene and Mubadala Investment Company