Apollo Global Management said today it agreed to acquire Stone Tower Capital, an investment firm that manages 12 CLOs, for an undisclosed sum.

Apollo will merge Stone Tower, which runs a total of $17 billion in corporate credit funds, separate accounts and CLOs, into its capital markets business. Stone Tower’s expertise includes senior loans, high yield bonds, long/short credit, private debt, CLO liabilities, CLO equity, RMBS, CMBS and other ABS.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.