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Athene shifts CLO exposure toward AMAPS, citing tighter spreads in CLO market

PUBT·08/24/2026 12:52:02
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Athene shifts CLO exposure toward AMAPS, citing tighter spreads in CLO market
  • Athene outlined a shift away from CLO exposure, positioning AMAPS as a replacement allocation in its portfolio.
  • AMAPS described as a diversified, rated vehicle with about 85% investment-grade debt at issuance.
  • Structure targets lower leverage than U.S. BSL CLOs, at about 9x debt-to-equity versus 12x for typical CLOs.
  • Presentation cited wider blended IG spreads for AMAPS at S+212 bps versus S+136 bps for U.S. BSL CLOs.
  • Athene reported 5 AMAPS structures outstanding totaling USD 25 billion, with about 1,000 underlying obligors.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Athene Holding Ltd. published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.