Credit managers hunker down as idiosyncratic risks persist
A slew of earnings reports from credit managers and business development companies shows that deal-making and performance are robust, but great importance is being placed on credit selection.

Apollo ups stake in Athene to 35% through stock deal
Apollo Global Management is doubling its stake in Athene Holding to around 35% by exchanging $1.2 billion of common equity and buying $350 million extra of Athene stock

US CLO league tables: $2 billion reissue fires Apollo and JP Morgan to top spots
Apollo Global Management and JP Morgan teamed up to price the largest CLO of the 2.0 era in February that helped propel both to the top of the US CLO and global CLO league tables

Global CLO league tables - February 2020 YTD
Global CLO league tables - February 2020 YTD

Mid market CLO league tables: Sumitomo enters the ring
Golub Capital became the first middle market CLO manager to price two deals in 2020 after partnering with first time lead arranger, Sumitomo Mitsui Banking Corporation Nikko in February

Bank's former US CLO syndication head lands at Apollo
The former head of US CLO syndication at a bank has joined Apollo Global Management for a dual role in the firm’s structured credit business

Refi wave gets bigger as Apollo and Neuberger reprice CLOs
The US CLO refi wave continues unabated with Apollo Global Management and Neuberger Berman pricing the 27^th and 28^th refis to hit the market in 2020, according to market sources, pushing volumes to $12.5 billion in the process

Apollo mid-market CLO arm prices first reset
MidCap Financial, the middle market CLO manager affiliated with Apollo, today priced its first CLO reset

Apollo prices largest 2.0 CLO transaction
Apollo Global Management stunned the CLO market on Wednesday by pricing the largest transaction of the 2.0 era

Euro CLO league tables: three new issues make January just right
Three European managers braved the waters in January to kickstart the CLO primary market

Credit funds at a glance

Head of business development leaves Redding Ridge
Redding Ridge Asset Management’s head of business development has left the firm after three and a half years in the job

Apollo saves 20bp on triple A print by going for short-dated euro CLO reset
Apollo Global Management yesterday priced a short two-year euro CLO reset with the triple A notes printing 20 basis points tighter of regular way CLOs, according to market sources

Apollo goes short-dated route for forthcoming European CLO reset
Apollo Global Management is marketing a short reset of its 2014 CLO named ALME Loan Funding III - but price talk is inside a new issue of similar tenor

Apollo CLO and CSO specialists earn promotion to partner
Apollo Global Management has promoted two members of its global structured credit team, according to market sources

Apollo fills gap in European direct lending team with senior hire from Alcentra
Apollo Global Management has filled a void in its European direct lending team by hiring Alcentra’s Natalia Tsitoura, according to market sources

Redding Ridge prices new CLO almost fully ramped
Redding Ridge Asset Management opted for delayed draw double B notes yesterday with the pricing of its second new issue US CLO of 2019 and fifth new issue globally

Euro CLO league tables: GSO turbos charges its lead over CVC
GSO Capital Partners kept hold of the lead in the European CLO manager league tables thanks to its turbo charged reset of Holland Park

Global CLO b-wic round-up: volumes jump as investors get their triple A fix
The US CLO secondary market brought over $1.2 billion in total listings last week with the main driver behind last week’s supply being an increase in US CLO triple A bonds and an anchor equity position.

Redding Ridge does away with single Bs as it markets European CLO
Redding Ridge Asset Management is doing away with single Bs once again as it brings its third European CLO to market this year, known as RRE 3 Loan Management

Pretium's D'Angelo to join Redding Ridge as he reunites with former Aladdin CLO PM
John D’Angelo has left Pretium Credit Management ahead of a move to the CLO management business established by Apollo Global Management in 2016, Redding Ridge Asset Management, according to Reuters

Apollo fee earnings rise 9% in Q2 as structured credit boosts portfolio
Apollo Global Management’s credit portfolio increased 4% quarter-over-quarter to $201 billion, driven by growth in affiliated life insurance firm Athene, as well as corporate credit and structured credit

Global CLO b-wic round-up: control equity hits the market as secondary market picks up
The CLO secondary market in both Europe and the US brought healthy volumes last week. There was €174.9 million listed in the European CLO secondary market, while the US returned a with just over $600 million in CLO b-wics. 

Former Apollo co-head of credit lands at MidOcean as credit CIO
MidOcean Credit Partners has hired Dana Carey as chief investment officer

Mid market CLO league tables: Natixis and Golub reign supreme
June brought just three middle market CLOs pricings with two new issues and one refinancing that totalled $1.6 billion, bringing the year-to-date volume to $9.9 billion. Natixis is the leading arranger, having a hand in 38% of deals