Redding Ridge Asset Management

What Redding Ridge Asset Management does

Redding Ridge Asset Management is a structured credit asset manager founded in 2016 and seeded by Apollo Global Management in response to risk retention regulations. The firm operates two principal businesses: CLO Management (acting as collateral manager for CLO transactions and related warehouse facilities in the US and Europe, and holding majority equity investments in the CLOs it manages) and Partnership Investments (acquiring minority economic interests in third-party credit managers through GP equity, revenue sharing, convertible working capital loans, and other structures). As of March 31, 2026, the firm managed $43.9 billion in assets, serving institutional investors and credit managers primarily in the US and Europe.

The firm's operational backbone is provided by Apollo through three service agreements: Administrative Services (HR, trade operations/settlements, administration, vendor contracts, IT), Employee Sharing (with key US and European credit professionals shared between entities), and Credit Research Services (initial and ongoing credit research and analytics for collateral obligations). Redding Ridge holds SEC registration as an investment adviser in the US and FCA authorization (Firm Reference Number 768961) in the UK through Redding Ridge Asset Management (UK) LLP. The team averages 22 years of leveraged loan and CLO experience and includes senior leaders drawn from Apollo, Ares Management, Kayne Anderson Capital Advisors, JPMorgan, Citigroup, and BlackRock.

Revenue is generated through two streams: CLO management fees (collateral management fees on CLO transactions and warehouse facilities, plus equity-tranche economics from majority equity investments in managed CLOs) and partnership investment returns (from minority GP equity, revenue sharing arrangements, convertible working capital loans, and other economic interests in third-party credit managers). Distribution is entirely direct: senior leadership and an in-house investor relations team engage institutional investors, with CLO trustee reporting portals serving existing noteholders post-close. The firm maintains offices in New York (headquarters), El Segundo, and London (European headquarters), with a lean headcount of 11-50 employees enabled by Apollo shared services. In May 2025, Redding Ridge acquired Irradiant Partners, significantly expanding its senior investment team and US CLO capabilities.

Name

Redding Ridge Asset Management

Legal name

Redding Ridge Asset Management, LLC

Website

https://rram.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Redding Ridge Asset Management is a structured credit asset manager specializing in US and European CLO management and partnership investments in third-party credit managers, managing $43.9 billion for institutional investors as of March 2026. Founded in 2016 and seeded by Apollo Global Management, the firm operates from New York, El Segundo, and London.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Leveraged Loans & CLOs (FSAAAHAF)

akta.pro secondary industries

Leveraged Finance & Loan Credit (Loans/Lev Loans/Loan CLOs) (FSAHAGAI), Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

Keywords

• CLO management
• Structured credit
• Leveraged loan management
• Asset management
• Investment advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. CLO Management Fees: Redding Ridge acts as collateral manager for CLO transactions and related warehouse facilities, and holds majority equity investments in US and European CLOs they manage, generating fee-based revenue.
2. Partnership Investments: Acquiring minority economic interests in third-party managers while providing balance sheet and consultative support. Revenue generated through minority GP equity, revenue sharing arrangements, convertible working capital loans and other economic interests.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Redding Ridge Asset Management is a registered investment adviser that acts as collateral manager for CLO transactions and related warehouse facilities, and holds majority equity investments in the U.S. and European CLOs it manages. In parallel, the firm runs a Partnership Investments strategy, acquiring minority economic interests in third-party credit managers through minority GP equity, revenue sharing arrangements, convertible working capital loans, and other economic interests, while providing balance sheet and consultative support.

Product overview

Redding Ridge Asset Management is an independently managed affiliate of Apollo specializing in structured credit with two principal businesses: CLO Management and Partnership Investments. The CLO Management business serves as collateral manager for CLO transactions and holds majority equity investments in US and European CLOs managed by Redding Ridge, with a philosophy centered on consistent portfolio management, execution, and structuring. The Partnership Investments business acquires minority economic interests in third-party credit managers through various structures including GP equity, revenue sharing, and convertible loans. The firm operates as an issuer and manager of CLOs with $43.9 billion in AUM as of March 31, 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• CLO Management
• Partnership Investments

Quantifiable outcome

• Target portfolio of €400 million with diversified obligors across sectors for RRE 28 CLO
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Apollo Global ManagementcoreStrategic or Co-development PartnerApollo Global Management established and seeded Redding Ridge in 2016 in response to risk retention regulations. Apollo provides administrative services (corporate and operational services including HR, trade operations/settlements, administration, vendor contracts, IT), employee sharing arrangements with key US and European credit professionals, and credit research services (initial and ongoing credit research and analytics for collateral obligations).
• KBRA (Kroll Bond Rating Agency)coreOthersKBRA UK assigns preliminary and final ratings to Redding Ridge's CLO transactions including RRE 10 Loan Management DAC and RRE 28 Loan Management DAC. Provides credit ratings for CLO notes issued by Redding Ridge entities.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• CIFC Asset Management: CIFC Asset Management is a specialty CLO manager with US and European CLO platforms. As a focused CLO manager serving institutional investors, CIFC is a directly comparable peer in CLO issuance, structuring, and management fee economics.
• Oaktree Capital Management: Oaktree Capital is a major global credit and CLO manager with a strong performing credit franchise. Redding Ridge's European Deputy Portfolio Manager Dhaval Patel spent ten years at Oaktree in the Performing Credit team, and the firm's CLO strategy is directly comparable to Oaktree's performing credit business.
• Octagon Credit Investors: Octagon Credit Investors is a dedicated CLO manager and one of the largest US CLO issuers. As a pure-play CLO specialist with a similar leveraged loan focus, Octagon is a directly comparable competitor for institutional CLO mandates and warehouse financing.
• Alcentra: Alcentra is a global credit manager focused on CLOs, leveraged loans, and high yield bonds. Redding Ridge portfolio manager Thomas Frangione was previously Senior Trader and Managing Director at Alcentra responsible for loan trading across CLOs, SMAs, and mutual funds, making it a directly comparable CLO manager.
• Ares Management: Ares Management is one of the largest US CLO managers and credit asset managers with over $450B AUM. Multiple Redding Ridge personnel (John Eanes, Erik Quintana, Patrick White) previously worked at Ares in the Tradable Credit / liquid credit groups, making it a directly comparable CLO and leveraged credit manager.
• Aladdin Capital Management: Aladdin Capital Management (formerly known for its leveraged loan business) was where CEO Joe Moroney previously served as Senior Managing Director of its Leveraged Loan Group. It operated in the same leveraged loan and CLO management space and is a comparable peer for talent pedigree and strategy.
• Pretium Credit Management: Pretium Credit Management is a CLO and leveraged credit manager. Redding Ridge portfolio manager John D'Angelo was previously Senior Portfolio Manager and Managing Director at Pretium, where he managed six CLOs and related funds — making it a directly comparable peer in CLO management and high yield/distressed loan investing.
• Kayne Anderson Capital Advisors: Kayne Anderson is a large alternative investment manager with a significant CLO/credit business. Several Redding Ridge senior leaders (Michael Levitt, John Eanes, Erik Quintana, Mark Niles, Patrick White) came from Kayne Anderson, making it a closely comparable CLO manager in both strategies and personnel background.
• Blackstone Credit: Blackstone Credit is the credit arm of Blackstone and a major CLO arranger and manager with significant US and European CLO issuance. It is a directly competing scaled credit platform with overlapping institutional investor relationships and similar CLO structuring capabilities.

Broad incumbents

• Apollo Global Management: Apollo Global Management is the parent and seed funder of Redding Ridge, and also operates its own much larger global credit and CLO platform. Apollo provides administrative, employee sharing, and credit research services to Redding Ridge, and is both the parent and a broader incumbent competitor in the CLO space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles24 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Redding Ridge Asset Management