Apollo prices $1.5B CLO

|About: Apollo Global Management... (APO)|By:, SA News Editor

In the largest broadly syndicated CLO since the financial crisis, Apollo Global (APO) prices ALM XIV, Ltd., raising $1.5B. The company also prices ALME Loan Funding II Limited, a €382M European CLO, the second European deal done by Apollo.

Among the largest CLO managers in the world with 23 CLOs totaling about $13B in AUM, Apollo has priced 13 U.S. and European CLOs since 2010, raising $8.4B total.