New key men revealed for Gulf Stream CLOs after Apollo takeover

Apollo’s acquisition of Gulf Stream Asset Management appears to be close to completion after Moody’s provided rating agency confirmation late last week. The rating agency confirmed that the naming of four key personnel in 10 Gulf Stream CLOs will have no affect on the CLO’s ratings.

James Zelter, Anthony Civale, Joe Morroney and Stephen Riddell have been confirmed as the new key men in the Gulf Stream CLO series, which totals $3 billion. Zelter joined Apollo in 2006 and is a managing director at the firm overseeing the capital markets division. Prior to joining Apollo he had spent 12 years at Citi.

Mark Mahoney, founder of Charlotte-based Gulf Stream Asset Management, was previously one of the key personnel in the Gulf Stream CLOs. When an agreement was reached between Gulf Stream and Apollo in July, it was announced that Mahoney would join Apollo as a partner in the business.