Apollo Capital Management, L.P. Selects U.S.
Bank as Trustee, Collateral Administrator and
Custodian for Recent CLO Financing
August 09, 2010 01:03 PM Eastern Daylight Time
MINNEAPOLIS--(EON: Enhanced Online News)--An affiliate of Apollo Capital Management, L.P. (together with
its affiliated management entities, “Apollo”) has selected U.S. Bank as trustee, collateral administrator and custodian
for its recent ALM Funding 2010-1 transaction. U.S. Bank will be responsible for compliance oversight, collateral
maintenance, noteholder communication and processing of principal and interest payments. The $325 million
portfolio of assets for this transaction will primarily consist of senior secured bank loans.
Apollo is a leading global alternative asset manager with offices in New York, Los Angeles,
London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had assets under management of
over $53 billion as of December 31, 2009, in private equity, credit-oriented capital markets and real estate funds
invested across a core group of nine industries where Apollo has considerable knowledge and resources.
"The U.S. Bank Corporate Trust Services team is excited to expand its relationship with Apollo," said Bryan Calder,
president of U.S. Bank Corporate Trust Services. "We are pleased to see a new collateralized loan origination
(CLO) financing come to market and are particularly excited about working with the Apollo team on this
U.S. Bank Corporate Trust Services is one of the nation's largest providers of trustee services with more than $2.1
trillion in assets under administration in municipal, corporate, asset-backed and international bonds. In addition, it
provides paying agent, escrow agent and document collateral services through its network of 47 offices nationwide.
U.S. Bancorp (NYSE: USB), with $283 billion in assets as of June 30, 2010, is the parent company of U.S. Bank,
the fifth largest commercial bank in the United States. The company operates 3,002 bank