At Redding Ridge, our largest business consists of acting as a collateral manager for CLO transactions and related warehouse facilities, and as a holder of majority equity investments in the US and European CLOs we manage.
We also have a growing partnership investing and staking strategy through which we can acquire minority economic interests in third-party managers while providing balance sheet and consultative support.
Redding Ridge was established and seeded by Apollo Global Management in 2016 in response to risk retention regulations. Redding serves as the risk retention holder in all of our EU CLOs, and we have the ability to satisfy EU risk retention for US deals to capitalize on strategic EU debt investors.
Redding Ridge combines significant CLO management and structuring expertise, with a vast network of industry contacts and investor relationships. We are supported by top-tier credit research, trading and risk management to strategically position our funds for success. We also believe our perpetual capital base provides a competitive advantage in allowing us to maximize CLO arbitrage opportunities.
Our CLO philosophy centers on consistent portfolio management, execution and structuring. We believe this generates the best performance for all investors.
Redding Ridge has a strong focus on execution and structuring in addition to consistent portfolio management. We believe this generates the best performance for all investors.
Consistent Portfolio Management: Maintain a disciplined investing approach through all markets. We invest on a bottoms-up basis, building high-quality portfolios derived from a deep understanding of each underlying asset.
Execution: Strategic and selective on timing when ramping assets and issuing a deal in order to create attractive investment vehicles.
Structuring: Each deal is structured to fit our credit investment style and both current and evolving credit market trends.
Redding Ridge has a strong focus on execution and structuring in addition to portfolio management. We believe this generates the best performance for all investors.
Redding Ridge Asset Management has been formed with key features allowing for successful execution and management of CLOs:
Significant access to assets, deal flow, management teams, industry insights and the investment banking community
CLO Management Experience with a dedicated team of professionals with an average of 22 years of experience in leveraged loans and CLOs
Access to systems supporting trading & operations, as well as monitoring of CLO compliance tests
As part of our diversified strategy, Redding Ridge is increasingly active in partnership investing with third-party credit managers. Our flexible approach allows for a wide range of investment types, including minority GP equity, revenue sharing arrangements, convertible working capital loans and other economic interests.
Manager selection is key. We look to partner with those who share in our disciplined investment philosophy and can further benefit from our scaled platform via balance sheet and debt capital support, structuring advice and other consultative services. Our objective is to make strategic investments where Redding Ridge can drive additional value and create win-win outcomes for our partners.
Redding Ridge has entered into contracts with Apollo Global Management to provide:
Apollo Global Management provides corporate and operational services to Redding Ridge, including human resources, trade operations/settlements, administration, vendor contracts and information technology
Employee arrangements with Apollo Global Management pursuant to which certain key U.S. and European credit professionals are shared
Apollo provides both initial and ongoing credit research and analytics for Collateral Obligations being considered for or held by CLOs managed by Redding Ridge
Mr. Leas serves as a Managing Director and member of the Board of Directors of Redding Ridge. He is also a Partner at Apollo and currently serves as Head of Global Structured Finance and ABS. Prior to joining Apollo in 2009, Mr. Leas was a Director at Barclays Capital with primary responsibility for the loan structuring and advisory team. Prior to Barclays Capital, he was an associate at Weil, Gotshal & Manges LLP, primarily focusing on asset-backed securities, CDOs and credit derivatives. Mr. Leas is the former Chairman of the Board of Directors of the Make-A-Wish Foundation of Metro New York and Western New York. Mr. Leas graduated cum laude from the University of Maryland with a B.A. in History and received his J.D., cum laude, from Georgetown University Law Center.
Mr. Moroney serves as a
Managing Director of Redding
Ridge. Mr. Moroney joined Apollo in 2008 and
concurrently serves as a Partner and Co-Head of the
Global Corporate Credit business. Prior to joining
Apollo, Mr. Moroney was with Aladdin Capital
Management where he served as the Senior Managing
Director of its Leveraged Loan Group. Mr. Moroney's
investment management career spans 25 years, with
experience at various leading financial services firms
including Merrill Lynch Investment Managers and
MetLife Insurance. Mr. Moroney graduated from Rutgers
University with a B.S. in Ceramic Engineering and
serves on the Board of Overseers of the Rutgers
Foundation. He is a Chartered Financial Analyst and a
member of the NYSSA.
Mr. Riddell joined Redding Ridge as Chief Investment Officer and a Managing Director. Prior to Redding Ridge, Mr. Riddell served as Senior Portfolio Manager at Capitala Group. From 2011-2014, Mr. Riddell served as a Managing Director and Portfolio Manager in the Performing Credit group at Apollo Global Management. Prior to joining Apollo, Mr. Riddell was a founding partner of Gulf Stream Asset Management. Mr. Riddell led the capital formation and portfolio management efforts as well as the structuring and execution of many of Gulf Stream’s credit funds. Mr. Riddell worked in leveraged finance and loan syndications with First Union Securities Inc. and Chase Securities Inc. early in his career. Mr. Riddell graduated magna cum laude from Furman University with a B.A. degree in Economics and received his M.B.A. from Vanderbilt University.
Mr. Huntington joined Redding Ridge as Head of Capital Markets and Banking and a Managing Director. Prior to Redding Ridge, Mr. Huntington joined Apollo’s Corporate Structured Credit Group in 2014. Mr. Huntington was also a Director in the CLO Structuring & Origination Group at Bank of America Merrill Lynch. He has structured over $45 Billion of CLOs, CLO Refinancings and CLO repackaging across over 75 transactions. Amongst his many innovations in structured finance is the CLO “Reset” (the amendment and extension refinancing of a CLO). Mr. Huntington graduated from The University of Virginia with a B.S. in Chemical Engineering and received his M.B.A from The College of William & Mary, where he graduated Beta Gamma Sigma.
Ms. Ravani joined Redding Ridge in 2022 as a Managing Director. Prior to joining Redding Ridge, Ms. Ravani was a Director in the CLO Primary group at Citigroup Global Markets Inc. While at Citigroup Ms. Ravani was responsible for origination, structuring and syndication of US CLOs and was involved in over 200 transactions, representing over $100bn volume over a 15-year timeframe. Ms. Ravani graduated from the Massachusetts Institute of Technology with dual B.S. degrees in Mathematics and Economics.
Mr. D’Angelo is a Portfolio Manager and Managing Director of the Management Company. Prior to joining Redding Ridge, Mr. D’Angelo was a Senior Portfolio Manager and Managing Director at Pretium Credit Management LLC in New York where he managed a portfolio of high yield and distressed bank loans for six CLOs, one Total Return Fund and one public Mutual Fund, representing over $2.5 billion in total assets. Prior to joining Pretium, Mr. D'Angelo was the Senior Portfolio Manager for the High Yield Loan Group at Aladdin. He was a key man and primary portfolio manager on all of Aladdin's CLO transactions and total return loan funds, which totaled over $3.5 billion in assets. Prior to joining Aladdin, Mr. D'Angelo was a Director of Investments at Harbinger Capital Partners, focusing on distressed credits across several industries. Before Harbinger, he was a Vice President, Senior Credit Analyst at ING Capital Advisors, LLC. Mr. D'Angelo also worked in the leverage banking divisions at CIBC World Markets, Royal Bank of Canada and Credit Lyonnais. Previously, he spent five years at The Chase Manhattan Bank in the Real Estate and Emerging Markets restructuring groups. Mr. D'Angelo received his MBA from New York University, Leonard Stern School of Business and BS from SUNY Albany.
Mr. Frangione is a Portfolio Manager and Managing Director of the Management Company. Prior to joining Redding Ridge, Mr. Frangione was a Senior Trader and Managing Director at Alcentra LLC in New York where he was responsible for all loan trading for CLOs, SMAs, Multi-Asset Funds and public Mutual Funds representing over $10 billion in assets. Prior to Alcentra, Mr. Frangione worked in the Asset Recovery Group at BNY Mellon as a credit analyst and trader helping to wind down an over $2.0 billion portfolio of non-strategic distressed and performing term loans and revolvers. At BNY Mellon, Mr. Frangione also worked in its Capital Markets group as a credit analyst as part of a team that started a loan platform with over $1.5 billion in assets invested in two CLOs, an SMA and an internal proprietary fund. Mr. Frangione received his MBA from Georgetown University, McDonough School of Business and BA in Economics from Bucknell University.
Mr. Shearman joined Redding Ridge in 2018 and is currently a Managing Director, Mr. Shearman worked from 2013 to 2018 as an Associate at Dechert LLP, where he primarily focused on structured finance transactions, including broadly syndicated and middle market CLOs, credit warehouse facilities and risk-retention related financing vehicles. He has been involved in the structuring and execution of over $36 billion of CLOs, CLO Refinancings, CLO Resets, Aviation and Corporate ABS across more than 65 transactions. Mr. Shearman graduated, with distinction, from the Ross School of Business at the University of Michigan with a B.B.A. (concentration in finance) and received his J.D. from Brooklyn Law School, where he was named a Harvey F. Wachsman Endowed Scholar graduating with a certificate in business law, also with distinction.
Mr. Campos joined Redding Ridge in 2023 as a Managing Director. Prior to joining Redding Ridge, Mr. Campos was a Director in the US ABS group at Deutsche Bank Securities Inc. While at Deutsche Bank Mr. Campos was co-Head of the Financial Engineering team, responsible for structuring US ABS transactions across multiple asset classes. He primarily focused on transportation ABS origination and structuring. Prior to Deutsche Bank, Mr. Campos held esoteric ABS structuring and ratings positions at Bank of America Merrill Lynch and Standard & Poor’s Ratings, respectively. Mr. Campos started his career in asset backed securities at Merrill Lynch in 2003, bringing close to 20 years of experience. He has a MS. In Computational Finance from Carnegie Mellon University, a B.S. in Economics from the Wharton School at the University of Pennsylvania, and a B.S. in Systems Engineering from the School of Engineering and Applied Science at the University of Pennsylvania.
Mr. Galowski serves as
Chairman of the Board of
Directors of Redding Ridge. He joined Apollo in 2012
and concurrently serves as a Partner based in London.
Prior to joining Apollo, Mr. Galowski spent six years
at Stone Tower Capital where he was a Partner and
responsible for overseeing all investment activities
in structured credit. He has over thirty years of
experience in the financial services industry.
Previous to Stone Tower, Mr. Galowski spent 15 years
with WestLB and its subsidiaries in New York, London
and Singapore. He was a Managing Director and served
on the Board and Executive Committee of WestLB Asset
Management (U.S.) LLC. In Singapore, Mr. Galowski was
initially the Regional Treasurer and ultimately
assumed responsibility for the bank’s Financial
Markets activities in the APAC region overseeing the
bank's Rates, Derivatives and Capital Markets
operations with trading rooms in Hong Kong, Singapore,
Tokyo, Sydney and Shanghai. While in London, Mr.
Galowski focused on the re-organization of the bank's
European Treasury operations and served as the Group
Treasurer of the Thomas Cook Group. While in New York,
Mr. Galowski was responsible for WestLB's Asset
Liability management of the bank's North American
balance sheet. Prior to WestLB, Mr. Galowski spent
five years with the Canadian Imperial Bank of Commerce
in both New York and Toronto trading interest rate
products. Mr. Galowski is the Co-Portfolio Manager of
the Apollo Structured Credit Recovery Funds, a board
member of Apollo Asset Management Europe and a member
of the board of directors of the Make a Wish
Foundation of Metro New York and Western New York. Mr.
Galowski holds a B.S. in Finance from St. John's
University and an M.B.A. from Fordham University's
School of Business.
Mr. Kelly is a member
of the Credit Investment
Committees for Redding Ridge UK. He joined Apollo in
2012 and concurrently serves as a managing director in
the Structured Finance & ABS Business based in
London. Prior to joining Apollo, Mr. Kelly was
responsible for seeking investment opportunities and
marketing Stone Tower Capital's services in Europe.
Previously Mr. Kelly spent ten years as a Senior
Portfolio Manager with LBBW in its Irish Asset
Management subsidiary managing CDO, CLO and ABS
portfolios. Mr Kelly was also responsible for
structuring off balance sheet vehicles on behalf of
LBBW Ireland. Prior to joining the credit team in LBBW
Ireland, Mr Kelly spent five years as an interest rate
trader. Mr Kelly holds a B. Comm degree and an MBS in
Financial Services from University College
Mr. Leach is a member
of the Credit Investment
Committees for Redding Ridge UK. He joined Apollo in
2015 and concurrently serves as a portfolio manager in
the Corporate Credit Group based in London. Prior to
joining Apollo, Mr. Leach spent eight years at Cheyne
Capital, initially working on the Total Return Credit
Fund, and latterly as Portfolio Manager of the Cheyne
Long Short Credit Fund, which he managed since late
2011. Mr. Leach graduated from the London School of
Economics with a first class honours degree in
Economics and Government.
Mr. Paniwozik is Partner and Global Head of Structured Credit Investing at Apollo. Prior to joining in 2015, Mr. Paniwozik was a Managing Director and the Senior Product Strategist for U.S. Corporate Credit at Napier Park Global Capital. He began his career in credit structuring at Credit Suisse First Boston. Mr. Paniwozik received a BA in Economics, with honors, from the University of Chicago.
Mr. Patel is a member
of the Credit Investment
Committees for Redding Ridge UK. He joined Apollo in
2008 and concurrently serves as a portfolio manager in
the Corporate Credit Group based in London. Mr. Patel
has 19 years of experience in the financial markets
and serves as lead Portfolio Manager on Apollo and
Redding Ridge CLOs. Mr. Patel has been Apollo’s senior
trader in London since he joined and has played an
integral role in sourcing assets for all of Apollo’s
European CLOs since their inception in 2013. He was
central in rebuilding the European Credit platform
across distressed and liquid products. Prior to
working at Apollo, Mr. Patel was a trader at Morgan
Stanley in London from 2006 to 2008, trading high
yield bonds, loans, credit default swaps (CDS) and
loan CDS (LCDS). In 1999 he joined the Barclays
graduate program and worked on the market risk desk in
New York, and from 2001 to 2006, traded high yield
bonds and CDS for the European Credit team at Barclays
Capital in London. He graduated from Kings College
London (University of London) with a BSc (Hons). He is
also a Chartered Financial Analyst holder (CFA) from
the CFA Institute.
Mr. Vanek is a shared
employee of Redding Ridge. He
joined Apollo in 2008 and concurrently serves as a
portfolio manager within the Global Corporate Credit
Group. Since joining Apollo, Mr. Vanek has been
responsible for trading leveraged loan assets for all
funds involved in the product at Apollo. Prior to
joining Apollo, Mr. Vanek was with Bear Stearns where
he was a Vice President in the Leveraged Finance group
with primary responsibility for trading bank loans for
that firm’s loan trading desk and on behalf of the
portfolio group. Previously, Mr. Vanek worked at
Thomas Weisel in investment banking. Mr. Vanek
graduated from Duke University with a B.S. in
Economics and a B.A. in Computer Science, and holds an
M.B.A. from the Graduate School of Business at
Mr. Eke serves as Head of Investor Relations at Redding Ridge. Mr. Eke joined Apollo in 2020 and concurrently serves as a Managing Director in Apollo Capital Markets. Prior to that, Mr. Eke was the Head of the US CLO Syndicate Desk at BNP Paribas CIB where he was responsible for managing the marketing and distribution process for BNP Paribas' US CLO business. Prior to BNP Paribas, Mr. Eke was an Analyst in the Equity Finance Group at Goldman Sachs International. Mr. Eke graduated from University of Lagos, Nigeria with a B.S. degree in Systems (Industrial) Engineering and received his M.S. in Financial Engineering from the Haas School of Business in University of California, Berkeley
Ms. Hester is the Chief Legal Officer of the Collateral Manager. Ms. Kristin Hester is Managing Director & Senior Counsel, Permanent Capital Vehicles at Apollo. Ms. Hester is also General Counsel for Apollo Debt Solutions BDC, Apollo Investment Corporation, Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc., and Chief Legal Officer for Apollo Diversified Credit Fund. Prior to joining Apollo in 2015, Ms. Hester was associated with the law firms of Dechert LLP from 2009-2015 and Clifford Chance US LLP from 2006-2009. In each case, she primarily advised U.S. registered investment companies, their investment advisers and boards of directors on various matters under the Investment Company Act of 1940. Ms. Hester received her JD from Duke University School of Law and graduated cum laude from Bucknell University with a BS in Business Administration.
Ms. Sundel is the Chief Compliance Officer of Redding Ridge. Ms. Sundel joined Apollo in 2021 as a Managing Director, Senior Compliance Officer based in New York. She most recently worked at Sculptor Capital Management (f/k/a Och-Ziff), where she served as Regulatory Counsel & Senior Compliance Officer. Prior to Sculptor, Ms. Sundel was a Securities Compliance Examiner at the SEC, focusing on their Investment Adviser Program. Earlier in her career, she worked as a Litigation Associate for both Bernstein Litowitz Berger & Grossmann and Labaton Sucharow. Ms. Sundel earned her law degree from New York Law School and graduated with a Bachelor of Arts in International Relations from Franklin University Switzerland.
Ms. Trinidad is the Chief Financial Officer of Redding Ridge. She joined Apollo in 2011 and concurrently serves as Controller for Apollo’s Performing Credit business. She is responsible for accounting and financial reporting for all U.S. and European CLOs. Prior to joining Apollo, Ms. Trinidad was responsible for credit funds and CLOs within the Global Market Strategies of The Carlyle Group. Ms. Trinidad started her career in public accounting within the Investment Management Services practice at PricewaterhouseCoopers, specializing in alternative investments, including CLOs and hedge funds. Ms. Trinidad graduated cum laude from Rutgers University with a B.S. in Accounting.