Apollo could have swiftly profited roughly 5 cents on the euro based on market values at the time of the purchases.
While it is unclear exactly how much Apollo bought, according to statistics from Bank of America Corp., around 1.5 billion euros.
According to the persons, who declined to be named because the transactions were private.
Insight Investment Management and M&G Plc were among the biggest CLO sellers.
These companies sold the least hazardous CLOs, including those rated AA and AAA. The folks said that there were other buyers than Apollo as well.
Apollo Profits Immediately on Bonds Sold by UK Pension Funds