REDDING RIDGE ASSET MANAGEMENT LLC


Advisory Business
Redding Ridge Asset Management is a Delaware series limited liability company that commenced operations in August 2016. Its principal place of business is at 126 East 56th Street, Suite 2210, New York, New York 10022-3613. Redding Ridge Asset Management is wholly owned by Redding Ridge Holdings LP, a Cayman Islands exempted limited partnership. Interests in Redding Ridge Holdings LP are held by: Apollo Principal Holdings VII, L.P., a Delaware limited partnership and indirect subsidiary of Apollo Global Management, LLC (“AGM”), a Delaware limited liability company; Apollo ND Services LLC, a Delaware limited liability company and indirect subsidiary of AGM; certain private investment funds managed by subsidiaries of AGM; and certain third party investors. Redding Ridge Asset Management primarily advises and holds certain CLOs and warehouse vehicles (“CLO Warehouses”).

The CLOs are organized in the Cayman Islands, United States (“U.S.”) or the European Union (“EU”) as exempted companies that rely on Section 3(c)(7) of the Investment Company Act of 1940 (the “1940 Act”), or other applicable exceptions or exemptions under the 1940 Act, as the basis for their exemption from the registration requirements of the 1940 Act.

The CLOs for which Redding Ridge Asset Management perform investment advisory services invest primarily in senior secured bank loans. Redding Ridge Asset Management’s objective in managing the investment portfolio of each CLO is to achieve preservation of principal and above average returns via income and capital appreciation.

Investment Advisory Relationship with the CLOs
The advisory relationship between each CLO and Redding Ridge Asset Management is governed by the respective investment management agreement between the CLO and Redding Ridge Asset Management (“Management Agreement”) and the terms of other relevant CLO governing documents. The Management Agreements are generally negotiated between related parties, and as such, their terms, including the fees payable to Redding Ridge Asset Management, may not be as favorable to the CLO as if they had been negotiated with an unaffiliated, unrelated third party. Redding Ridge Asset Management, either directly or indirectly through a special purpose vehicle, engages in total return swaps. In connection with certain investments, Redding Ridge Asset Management employs hedging techniques designed to reduce the risks of adverse movements in interest rates, securities prices and currency exchange rates, including, but not limited to, the use of interest rate swaps, credit derivative swaps, forward contracts, commodities or commodities futures, put and call options, floors, collars and other similar arrangements. Without prior consultation with existing CLOs, Redding Ridge Asset Management may provide investment management services to additional private pooled investment vehicles, including other CLOs that are offered to investors on a private placement basis. In connection with providing investment management services, Redding Ridge Asset Management is appointed as investment adviser with discretionary trading authorization for the CLOs. Except in limited circumstances, Redding Ridge Asset Management has full discretionary authority with respect to the investment decisions of the CLOs; however, advice is provided in accordance with the investment objectives and guidelines set forth in each CLO’s governing documents and investment guidelines. The information provided above about the investment advisory services provided by Redding Ridge Asset Management is qualified in its entirety by reference to the relevant CLO governing documents and offering materials. The offering documents for each CLO should be read carefully prior to investment. No offer to sell interests in the CLOs is made by the descriptions in this Brochure, and CLOs are available only to investors that are properly qualified. As of December 31, 2018, Redding Ridge Asset Management had $5.3 billion under management, all on a discretionary basis. please register to get more info

Open Brochure from SEC website
Assets
Pooled Investment Vehicles $6,975,311,769
Discretionary $6,975,311,769
Non-Discretionary $
Registered Web Sites

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