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

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

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

KKR breaks 130 barrier for Euro CLOs as brace of resets wrap up August
KKR has smashed the 130 barrier for standard-duration European CLO triple As for the first time since April, while Redding Ridge and BlueBay also priced resets to end the month

Redding Ridge markets Euro reset for late August
The EUR 362.5m repricing of the 2021-vintage issue is set to price toward the end of the month via Goldman Sachs

Apollo looks elsewhere, saying CLOs suffer from commoditization
The alternative asset manager said CLOs have tightened to levels that are unsustainable

‘It’s rare something is both issuer and investor friendly’
In 2015, Apollo’s Albert Huntington invented CLO resets. But the most important thing he learned back then was how flexible CLOs can be if you get consent from all equity holders

TCW makes London-based securitisation hire from Apollo
EXCLUSIVE: TCW builds out its securitisation team in Europe with a hire from Apollo

Barings moves toward second Euro private credit CLO as Blackstone, Apollo mull initial deals
EXCLUSIVE: The firm that cracked the European private credit CLO market open last year is working on its second such deal, while Blackstone and Apollo eye a market entry

Mapping the present and future of credit
Keynote speakers at this year’s Creditflux Symposium highlighted the success of credit markets during recent volatility and argued that a wave of securitisation could drive growth in Europe

GoldenTree snaps up global award... again
Last year, GoldenTree was named Creditflux Global Manager of the Year. This year it repeated that achievement — but it also swooped for our US manager of the year and closed-end fund awards

Apollo’s Redding Ridge equals current Euro tights with new-issue CLO
The deal matched market benchmarks for the triple A and double A tranches

Energy, not software, will drive the next decade – Apollo's John Zito
Private credit is poised to fund those necessary investments in energy and power and help large companies diversify their capital sources

Euro tightening trend reinforced as Apollo sees new post-tariff mezz lows
The manager's fourth new European issue of the year issued at market tights for the double A and triple B paper

Apollo stuns market with end-of-week Euro triple-header
The US-based asset manager priced three European CLOs on Friday, together valued at over EUR 1.28bn

Apollo’s latest Euro deal reflects market’s mezz widening
RRE 25 priced narrow compared to other recent transactions, but there was evidence of widening out in the lower-rated tranches compared to  February

Investing in Europe has changed dramatically in past weeks – Apollo’s Tristram Leach
PODCAST: We're on the cusp of profound change in Europe, observes Apollo's co-head of European credit, in the latest edition of the 'Credit Exchange' podcast  

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 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