Credit Partners

Overview

Aquarian Credit Partners (“ACP”) was founded with the goal of buying quality credits and leveraging the structural CLO framework to enhance returns, supported by widespread experience in leveraged loan workouts and restructuring.

ACP, previously the Gallatin Loan Management CLO business, joined the Aquarian platform in 2021 with the five senior team members having worked together continuously for the last seven years.

 


Named Best U.S. Boutique CLO manager by Creditflux in 2020, 2022, and 2023.*

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Asset Classes

High Yield
Bank Loans
CLOs

Credit Partners Team

Head, Aquarian Credit Partners

Bo
Williams
Justin Driscoll
Chairman Emeritus of Aquarian Credit Partners

Justin
Driscoll
Jeff Byrne
Head of Loan Trading

Jeff
Byrne
Alex Lee
Head of Loan Operations

Alex
Lee
Brandon Sanders
Head of Macro Research

Brandon Sanders

Head, Aquarian Credit Partners

Bo
Williams

Bo Williams is the Head of Aquarian Credit Partners, a syndicated high-yield credit investment manager. Mr. Williams has served as a Portfolio Manager of Gallatin Loan Management LLC (2017-2021) and Aquarian Credit Partners (2021-Present) which Creditflux named Boutique CLO Manager of the Year in 2020, 2022, and 2023.  Previously, Mr. Williams was Founding Partner of Hildene Leveraged Credit. Before that, he served as an Operating Partner for several of Goldman Sachs’ portfolio companies. He was Vice President and Investment Analyst at Marathon Asset Management, and began his career in Investment Banking at Goldman Sachs.

Mr. Williams earned his MBA from Harvard Business School and his BA from Harvard College.

Justin Driscoll

Chairman Emeritus of Aquarian Credit Partners

Justin
Driscoll

Justin Driscoll is the Chairman Emeritus of Aquarian Credit Partners, a syndicated high-yield credit investment manager. Mr. Driscoll has served as a Portfolio Manager of Gallatin Loan Management LLC (2017-2021) and Aquarian Credit Partners (2021-Present) which Creditflux named Boutique CLO Manager of the Year in 2020, 2022, and 2023.

In 2009, he founded UrsaMine Credit Advisors LLC as a spin-out of the Bear Stearns Asset Management bank loan business and served as CEO. In 2012, when UrsaMine rebranded as MP Senior Credit Partners, LP, Mr. Driscoll then served as CEO and Portfolio Manager of the leveraged loan business. From 2000 to 2009, Mr. Driscoll was a Senior Managing Director at Bear Stearns Asset Management and founder of the senior loan team, serving as Portfolio Manager. Prior to that, he worked in high-yield credit at Trust Company of the West following its acquisition of Crescent Capital Group and in acquisition finance at Chemical Bank following its acquisition of Manufacturers Hanover Trust.

Mr. Driscoll earned his MBA from the Columbia Business School and BA from the University of Notre Dame.

Jeff Byrne

Head of Loan Trading

Jeff
Byrne

Jeff Byrne is a Partner and Head of Loan Trading at Aquarian Credit Partners. Before joining Aquarian, he was Head of Loan Trading at Gallatin Loan Management. Previously, he was a Founding Partner and Trader at Hildene Leveraged Credit and held trading positions at Gleacher & Company and Z Capital Partners.

Mr. Bryne began his career in the Senior Loan Group at Van Kampen Investments and earned his BA from Villanova University. 

Alex Lee

Head of Loan Operations

Alex
Lee

Alex Lee is a Partner and Head of CLO Operations/Compliance at Aquarian Credit Partners. Before joining Aquarian, he served in the same capacity at Gallatin Loan Management and Hildene Leveraged Credit. He has additionally held roles in CLO compliance at Guggenheim Partners and Primus Asset Management. 

Mr. Lee earned his BS from Binghamton University.

Brandon Sanders

Head of Macro Research

Brandon Sanders

Brandon Sanders is a Head of Macro Research at Aquarian Credit Partners. Prior to joining Aquarian, Mr. Sanders was a Partner at Gallatin Loan Management. Before that, he was an Investment Analyst at Elm Ridge Capital and served as Vice President of Restructuring at Greenhill & Co.

Mr. Sanders holds a BA from the University of Pennsylvania.  

Case Studies

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Aquarian Credit Partners

Gallatin CLO VIII
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Aquarian Credit Partners

Gallatin CLO X
Gallatin CLO XI
Aquarian Credit Partners

Gallatin CLO XI
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Aquarian Credit Partners

Investment-Grade CLO Tranches
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Aquarian Credit Partners

Gallatin CLO VIII

In December 2021, Aquarian Credit Partners (ACP) came to market with the reset of 2017-vintage Gallatin CLO VIII. This CLO reset, including a LIBOR+1.09% AAA coupon and new reinvestment period, was backed by $483MM (initial target par) broadly syndicated, senior-secured loans and bonds. Gallatin VIII ended its reinvestment period in July 2023, just ahead of the launch of Gallatin CLO X. Through our CLO vehicles and other managed accounts, ACP actively invests across the universe of traded high-yield credit – loans, bonds, and CLO tranches.

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Aquarian Credit Partners

Gallatin CLO X

In September 2023, ACP came to market with Gallatin X ($400MM initial target par), its first new issue CLO since 2018. Through our CLO vehicles and other managed accounts, ACP actively invests across the universe of traded high-yield credit – loans, bonds, and CLO tranches.

Gallatin CLO XI

Aquarian Credit Partners

Gallatin CLO XI

In early 2024, Aquarian Credit Partners launched its fourth CLO, $400mm Gallatin XI via Jefferies. Through our CLO vehicles and other managed accounts, ACP actively invests across the universe of traded high-yield credit – loans, bonds, and CLO tranches.

case study logo for aquarian credit partners

Aquarian Credit Partners

Investment-Grade CLO Tranches

In September 2023, Aquarian Credit Partners (ACP) began actively investing in investment grade (IG) broadly-syndicated loan (BSL) CLO tranches in-house. Since then, ACP has directly purchased approximately $200mm of third-party IG BSL CLO tranches and continues to be an active buyer – from AAA to A, both floaters + fixed-rate bonds, across primary and secondary markets. Through our CLO vehicles and other managed accounts, ACP actively invests across the universe of traded high-yield credit – loans, bonds, and CLO tranches.

 

      *Creditflux ratings are based on one-year periods.

The contents of the webpages on www.aquarianlp.com are intended for the use of U.S. investors only. By clicking on this link, you acknowledge that you are entering a third-party website and may be entering another jurisdiction that has differing applicable securities laws that must be followed. Aquarian makes no representation that the contents of the site are appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed at this site are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties. All persons and entities accessing this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. Nothing on this site shall be considered the provision of investment advice, or a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

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The contents of the webpages on www.aquarianlp.com are intended for the use of U.S. investors only. By clicking on this link, you acknowledge that you are entering a third-party website and may be entering another jurisdiction that has differing applicable securities laws that must be followed. Aquarian makes no representation that the contents of the site are appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed at this site are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties. All persons and entities accessing this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. Nothing on this site shall be considered the provision of investment advice, or a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

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