Reported about 20 hours ago
Apollo Global Management’s affiliate, Redding Ridge Asset Management, is set to acquire CLO manager Irradiant Partners for $11 billion. This merger will position RRAM among the top CLO managers in the U.S., with total assets of approximately $38 billion, following an assumption of $2.2 billion in private credit and renewable assets from Irradiant. The acquisition underscores ongoing consolidation in the alternative asset management sector as firms seek greater scale in portfolio management.
Source: YAHOO