Apollo facilitates trading of rated notes as secondary market emerges
EXCLUSIVE: Rated notes, which have become a popular tool to raise capital for private funds and give investors indirect exposure to risky private market assets, are starting to trade hands

Rivals mull replicating Apollo's new CLO variant
EXCLUSIVE: Following the recent launch of Apollo’s AMAPS vehicles, at least two other investment managers with CLO businesses are looking at the possibility of creating similar structures of their own

New private credit CLOs print from Apollo and Churchill
Apollo's ADL CLO 3 was valued at USD 515m and issued through Citi, while Churchill paired with Bank of America to price its USD 349m MMSLF CLO-V

Apollo records USD 13bn in private credit trading volume
In the 18 months since launching a dedicated trading desk focused on Apollo-originated private credit, the firm has worked with more than 100 unique counter parties, according to a new report

Redding Ridge prices newest US BSL CLO with AAAs at 120bps
The manager issued its latest deal via RBC as a USD 506.1m transaction

Exit requests for Apollo’s semi-liquid direct lending fund increase to 16.8%
Share redemption requests at perpetual nontraded BDCs are continuing, as Apollo follows Blackstone and BlackRock HPS in reporting a quarter-over-quarter increase in the amount of investors seeking an exit

Apollo repurposes CLOs to generate wider spreads
The next generation of CLOs may have just been birthed. On an earnings call last month, Apollo Global Management CEO Marc Rowan unveiled a novel concept called Apollo Multi-Asset Prime Securities, or AMAPS. In an interview with Creditflux, Apollo's head of asset-backed finance Bret Leas said the impetus to innovate came in response to tightening CLO spreads

Apollo predicts banks will trade AMAPS notes someday
EXCLUSIVE: Apollo’s head of asset-backed finance says that Apollo’s newly-launched CLO alternative AMAPS will one day be traded by banks

Goldman Sachs is selling USD1bn of private credit loans bought from Apollo
EXCLUSIVE: The banking division has been in the process of selling a portfolio of loans acquired from Apollo

New US BSL CLOs issue from Elmwood, Apollo and Five Arrows as AAA spreads solidify at 120bps
Elmwood and Apollo have priced new half-billion-dollar US BSL CLOs this week, as Five Arrows also printed a new USD 405m transaction via Citi

Is Medallia the proverbial canary in the coal mine?
In 2021, the USD 6.4bn buyout of Medallia was hailed as a marquee deal for a private credit industry enjoying its golden age. It turned out to be a flop. Five years later, some of the sector’s titans, including Blackstone, Apollo, KKR and BlackRock’s HPS, are poised to take the keys to the troubled software firm from its private equity owners

Comfortable with being uncomfortable
Despite macro concerns, CLO warehouses remain open. Deals may be delayed, but attendees at the Creditflux CLO Symposium were confident CLO issuance this year will match that of 2025

Apollo introduces new type of ‘next-generation’ CLO
The new product, unveiled by firm CEO Marc Rowan on Apollo’s first-quarter earnings call, looks to take the benefits of existing BSL CLOs and pair them with improved performance for investors

Iran war, AI to present lasting challenges – Apollo’s Tristram Leach
EXCLUSIVE: The current global macroeconomic environment presents real and imminent challenges to navigate alongside opportunities, Apollo’s Tristram Leach at the second day of the Creditflux CLO Symposium 2026 

Lending to nonbank entities like BDCs will be a growth area—State Street
Additionally, the firm said its investment grade private credit ETF, developed with Apollo, hit USD 800m in assets under management during the quarter

Diameter prices US CLO reset with Apollo as co-placement agent
Barclays was the lead arranger on the USD 458m repricing of the 2024-vintage BSL deal

Michigan, New Mexico make large bets on asset-based credit strategies
Michigan SIB commits USD 800m to Apollo, LGT credit funds; New Mexico SIC allocates USD 400m for Ares, Pemberton funds

Exit requests for Apollo, Ares private debt funds top double digits
Both of the semi-liquid, perpetual nontraded BDCs chose to cap share repurchases at the originally offered 5% limit, forcing many investors to wait another quarter for a full exit

Apollo’s head of investments Europe says private credit is going through a rite of passage
PODCAST: Speaking on the latest episode of the Credit Exchange podcast with Lisa Lee, Apollo’s head of investments Europe Tristram Leach says he believes direct lending will continue to grow – but it needs to go through a period where there are elevated redemptions in the market

New York, Texas among systems making opportunistic, real estate credit allocations
NYSCRF allocates USD 550m to Apollo, Kennedy Lewis; TCDRS commits USD 150m to Blue Owl real estate fund

Apollo backs Intercontinental Exchange’s private credit data service
The Intercontinental Exchange says it will provide more transparency and standardized data, mirroring what is available in public credit 

CalPERS, CalSTRS disclose large commitments to Blackstone credit vehicles
CalPERS invests USD 5.75bn in 3Q25 across seven vehicles; CalSTRS, LACERA reveal allocations totalling USD 750m each

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

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