Apollo Closes 1st European CLO With €325M

Law360, New York (April 12, 2013, 8:37 PM EDT) -- New York-based hedge fund giant Apollo Global Management LLC has priced its first-ever European collateralized loan obligation with €325 million ($425.1 million) in assets, Apollo announced Friday.

The new CLO will be called ALME Loan Funding 2013-1, Apollo said. The European loan vehicle will invest primary in corporate leveraged loans, Apollo said.

Additional details of the CLO pricing were not available. An Apollo spokeswoman declined to comment Friday.

Apollo, which has more than $113 billion in total assets under management, is the largest CLO manager in the...
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