Apc Asset Development Ii, Lp

APC Asset Development II, LP, based in Newport Beach, CA, specializes in managing vehicles investing primarily in senior secured debt obligations, particularly collateralized loan obligation transactions (CLOs). The firm, established to serve as a collateral manager for newly issued CLOs, is a subsidiary of Aristotle Pacific Capital, LLC, an investment firm founded in 2007. APC Development II has approximately $30.1 billion in assets under management as of December 31, 2024, focusing on total return credit-oriented investment strategies for institutional clients. The firm exercises discretionary authority over client investments, primarily in broadly syndicated, senior secured, leveraged loans, and CLO securities. APC Development II charges a collateral management fee based on the CLO's principal balance and may receive incentive fees based on achieving target returns. The firm does not participate in wrap fee programs and does not accept sales-based compensation. Clients are primarily institutional investors, and eligibility and minimum investment amounts are outlined in governing documents. APC Development II employs a fundamental, bottom-up investment approach, supported by top-down analysis, to manage CLOs and assesses risks such as active management risk, market and regulatory risk, and credit risk. The firm does not engage in soft dollar arrangements and has policies in place for best execution and cross trades. Clients' accounts are monitored regularly, and APC Development II exercises discretion in voting client securities' proxies when authorized. The firm does not have any disciplinary events to report and maintains financial stability to meet its commitments to clients.