Citigroup is marketing Apidos Capital Management’s new $395 million CLO, according to people familiar with the deal.

Apidos CLO VIII is expected to include a $264.4 million piece rated 'AAA' by Standard & Poor's, the people said.

Apidos Capital Management is a unit of REIT Resource America. It manages approximately $5.8 billion of speculative-grade credit assets in CLOs, investment funds and separate accounts.

Resource Capital disclosed during a July conference call that it formed the CLO and began warehousing loans with the intention of bringing the deal to market in the fourth quarter

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