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

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

Apollo prices newest CLO with triple As at mid-130s
RR 40 issued with its top-of-stack paper at SOFR plus 134bps

Kayne Anderson to debut private BDC to tap affluent investors
EXCLUSIVE: Private BDCs, pioneered by some of the largest direct lenders in the market, are becoming a common vehicle across the private credit manager industry

Redding Ridge reprices first Irradiant CLO since takeover
Apollo’s CLO management subsidiary priced a reset of a two-year-old BSL deal, moving the short-dated issue to a standard-duration 2Y/5Y timetable

Direct lending competition ramps up, even in middle market and small cap
Proprietary deal flow is increasingly rare, Barings President Matthew Freund said on a panel during DealCatalyst’s conference in Nashville

Apollo goes on post-Liberation Day buying spree
The alternative asset manager took advantage of public market credit opportunities as liquidity dried up

Apollo raises USD 8.5bn for opportunistic credit
The fundraise includes commitments for Accord+ Fund II as well as for separately managed accounts and other related vehicles

Apollo Debt Solutions BDC prices its debut CLO
The private credit transaction from the fund, which is run by Apollo Credit Management, is the market’s second debut CLO pricing in three days

JPMorgan enters private credit big leagues with USD 4bn Boeing unit financing
EXCLUSIVE: The bank takes down the third-largest piece of the giant unitranche, lending shoulder-to-shoulder with direct-lending giants

State Street launches public-private market fund, leaning on Apollo
The new fund is designed for the US retirement channel and provides private market exposure through a pooled investment vehicle managed by Apollo

Apollo’s MidCap resets second mid-market deal in quick order
The reset of middle market CLO Woodmont 2023-11 Trust followed shortly after the manager had repriced another such deal

Mid-market repricings keep coming, with deals from Deerpath and MidCap
The two transactions at the end of last week together totalled USD 1.3bn

Apollo’s Redding Ridge prints new USD 600m CLO
Unusually, the deal issued its triple A paper entirely in loan format

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