Octus Acquires Sky Road, Uniting Market-Leading Credit Intelligence with Innovative Credit Portfolio Management
NEW YORK & LONDON, June 02, 2025--(BUSINESS WIRE)--Octus, formerly Reorg, the leading provider of credit intelligence and data, today announced the acquisition of Sky Road, an innovator in credit portfolio management solutions for CLO, MMCLO, ABF, direct lending and other public and private structured credit. This acquisition positions Octus as the first provider to deliver fully integrated, end-to-end credit intelligence, data and document management, combined with comprehensive portfolio management capabilities tailored for today's credit manager.
Sky Road's platform provides specialized capabilities crucial for the credit market, including portfolio monitoring, compliance, trade management (OMS) and optimization. Designed with operational best practices and modern application design, Sky Road enables managers to scale efficiently in a dynamic market. As a unified platform, Octus will further empower clients by embedding breaking news and intelligence, comprehensive financials, market-leading data and FinDoxTM document management directly with Sky Road's credit portfolio management capabilities, eliminating workflow silos across portfolio management, compliance and data management.
"Octus has a long-held vision to be the undisputed credit market leader, bringing our subscribers the intel, data, and workflow capabilities that help them win in the market," says Kent Collier, CEO of Octus. "Now, by integrating the full Sky Road solution set with the Octus platform, we're equipping our clients end-to-end to manage, monitor, and maneuver through the credit market like never before."
"Sky Road's aim has been to transform and elevate the status quo of credit technology," says John Borse, co-founder and CEO of Sky Road. "We are thrilled to be joining the Octus team and pushing the industry to greater levels of innovation, fueled by Octus' market-leading data and AI solutions."
A modern platform inspired through collaboration with leading market experts
The Octus-Sky Road combination offers clients a robust credit portfolio workflow solution. Now, managers will be able to seamlessly act on insights with Sky Road's proprietary trade suggestion models, while monitoring portfolio risks and compliance. Key benefits of the Octus-Sky Road integration include:
Greater portfolio visibility: By streamlining data rooms, compliance and credit portfolio management onto one platform, buy-side professionals gain enhanced confidence, control and operational ease. Integrating Octus' intelligence, data and FinDoxTM capabilities with Sky Road's solutions provides full portfolio visibility for better-informed, dynamic decision-making.
Complete credit workflow ecosystem: Octus now delivers an unmatched ecosystem covering credit research, portfolio management, trading, compliance workflows and middle office operations, unified with market-leading front office credit intelligence and data. This integrated approach provides a full-scope credit management toolset for greater efficiency and risk management.
Modern technology with embedded AI capabilities: The integrated platform combines Sky Road's modern, efficient architecture and best-in-class optimization technology with Octus' powerful AI engine, offering users exceptional speed, deeper analytical capabilities across datasets, intelligent trade suggestions, and robust risk management tools.
"With the acquisition of Sky Road, Octus is expanding into credit portfolio management – a request we have heard repeatedly from our clients who want an integrated data, intelligence, and portfolio management experience," says Tejs Broberg, Global Head of Data at Octus. "We are committed to helping managers focus on their core investing competencies and continue to remove friction from their daily workflows by uniting critical credit portfolio workflow and management into one cohesive solution."
Sheppard, Mullin, Richter & Hampton LLP and Weil, Gotshal & Manges LLP both served as legal advisers to Octus in this transaction. Confluens Partners and Winston & Strawn both served as advisers to Sky Road.
About Octus
Founded in 2013, Octus, formerly Reorg, is the essential credit intelligence and data provider for the world's leading buy-side firms, investment banks, law firms, and advisory firms. By surrounding unparalleled human expertise with proven technology, data, and AI tools, Octus unlocks powerful truths that fuel decisive action across financial markets. Visit octus.com to learn how we deliver rigorously verified intelligence at speed and create a complete picture for professionals across the entire credit lifecycle. Follow Octus on LinkedIn and X.
About Sky Road
For nearly two decades, Sky Road has enabled leading investment management firms to solve complex portfolio management challenges and streamline business operations through innovative managed-service solutions. Sky Road's flagship platform, Galaxy, brings modernized technology to the unique demands and nuances of credit portfolio management. Galaxy empowers credit managers to reach an entirely new level of sophistication in the areas of portfolio management, compliance, optimization, credit management and trade processing (OMS). Visit skyroad.com to learn more about how Sky Road is elevating credit management.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250602850953/en/
Contacts
Media Drake ManningDrake.manning@octus.com
Mike DeleoOctusPR@icrinc.com
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View source version on Contacts Media Drake Mike DeleoOctusPR@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
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"Our in-depth analysis provides critical clarity amidst these challenges, and with the launch of the Octus CLO League Tables, we are excited to deliver an unprecedented level of insight into manager and arranger activity, empowering our clients to make even more informed decisions." Key Trends and Developments from H1 2025 Identified by Octus Data: Market volatility sparked by tariff announcements: The U.S. tariff announcement in April led to a sharp selloff in the leveraged loan market, with transportation, home furnishings, and automotive sectors experiencing the largest average loan price declines in the U.S. CLO liabilities widened sharply but retraced most of their losses following the tariff pause, with the volatility ultimately presenting buying opportunities as spreads reset at more attractive levels. Global reallocation and European momentum: U.S. investors are actively reallocating capital into European CLOs, particularly into equity and mezzanine tranches. This shift is driven by relative value, wider liability spreads, higher modeled equity returns, and perceived macro stability, all contributing to expectations of strong issuance volumes through early July. Divergence in fundamentals and pricing: Despite modest improvements in interest coverage ratios, CLO portfolio revenue growth declined to 4.74% in Q1 U.S. from 6% in Q4 2024, and net leverage slightly increased in the first quarter of 2025. This divergence highlights the increasing importance of manager quality and defensive positioning as idiosyncratic risk rises across sectors. Surging insurance demand amid regulatory uncertainty: Insurers significantly increased CLO allocations by $14 billion in the past year, with CLOs now comprising over 6% of life insurers' balance sheets. This strong demand, particularly for AAA and AA-rated tranches, is driven by capital efficiency and low duration risk. However, proposed NAIC changes could reshape CLO tranche allocations, potentially pushing investors higher up the capital stack. Octus Strengthens CLO Coverage with Global Team Expansion and New CLO Rankings: Octus has significantly expanded its global CLO team with dedicated coverage and support for the market, further solidifying its commitment to providing unparalleled credit intelligence. 'Consistent with the company's strategy to cover all segments of the global credit market, Octus' dedicated CLO coverage team is now global with eight editorial members based in London and New York. This further highlights the company's expertise in a very attractive segment of the credit market,' said Adelene Lee, Executive Editor, Global Credit Initiatives. This expansion underpins the launch of the company's comprehensive CLO League Tables below. These rankings provide granular insights into manager performance across both the U.S. and European markets, including: Top Global CLO Managers (U.S. and Europe): Blackstone ($58.88bn), Apollo [Redding Ridge] ($52.32bn), Carlyle ($48.64bn), Golub ($42bn), BlackRock ($40.71bn) Top CLO Arranging Banks (Global): Bank of America ($38.41bn), Citi ($26.72bn), BNP Paribas ($25.1bn), JPMorgan ($24.13bn), Morgan Stanley ($21.78bn) Top U.S. BSL CLO Managers: Blackstone ($39.17bn), Carlyle ($36.55bn), Apollo [Redding Ridge] ($31.59bn), UBS Asset Management ($30.33bn), CIFC Asset Management ($29.86bn) Top U.S. Private Credit CLO Managers: Golub ($29.16bn), Antares ($13.28bn), Apollo [Redding Ridge] ($7.76bn), AllianceBernstein ($7.67bn), BlackRock ($7.51bn) Top European CLO Managers: CVC (€13.46bn), Blackstone (€11.6bn), Apollo [Redding Ridge] (€11bn), KKR (€10.11bn), BlackRock (€9.93bn) Top U.S. BSL CLO Arranging Banks: Bank of America ($32.02bn), Citi ($18.99bn), JPMorgan ($14.93bn), Wells Fargo ($14.32bn), Morgan Stanley ($13.61bn) Top U.S. Private Credit CLO Arranging Banks: Wells Fargo ($5.97bn), BNP Paribas ($5.34bn), Societe Generale ($4.06bn), Deutsche Bank ($3.71bn), Natixis ($2.89bn) Top European CLO Arranging Banks: Jefferies (€7.67bn), BNP Paribas (€7.15bn), JPMorgan (€6.31bn), Bank of America (€5.14bn), Morgan Stanley (€4.94bn) Access the full CLO rankings report here. 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Octus will continue to deliver exclusive visibility into CLO fundamentals, track insurer allocation trends, and support clients through market analytics and portfolio health checks. To view the most recent example of Octus' ongoing, expert CLO coverage, access the company's latest report: Portfolio Analytics Wrap: Beyond Fundamentals – What's Really Driving CLO Pricing. About Octus Founded in 2013, Octus, formerly Reorg, is the essential credit intelligence and data provider for the world's leading buy-side firms, investment banks, law firms, and advisory firms. By surrounding unparalleled human expertise with proven technology, data, and AI tools, Octus unlocks powerful truths that fuel decisive action across financial markets. Visit to learn how we deliver rigorously verified intelligence at speed and create a complete picture for professionals across the entire credit lifecycle. Follow Octus on LinkedIn and X.
Business Wire
02-06-2025
- Business Wire
Octus Acquires Sky Road, Uniting Market-Leading Credit Intelligence
NEW YORK & LONDON--(BUSINESS WIRE)--Octus, formerly Reorg, the leading provider of credit intelligence and data, today announced the acquisition of Sky Road, an innovator in credit portfolio management solutions for CLO, MMCLO, ABF, direct lending and other public and private structured credit. This acquisition positions Octus as the first provider to deliver fully integrated, end-to-end credit intelligence, data and document management, combined with comprehensive portfolio management capabilities tailored for today's credit manager. Sky Road's platform provides specialized capabilities crucial for the credit market, including portfolio monitoring, compliance, trade management (OMS) and optimization. Designed with operational best practices and modern application design, Sky Road enables managers to scale efficiently in a dynamic market. As a unified platform, Octus will further empower clients by embedding breaking news and intelligence, comprehensive financials, market-leading data and FinDox TM document management directly with Sky Road's credit portfolio management capabilities, eliminating workflow silos across portfolio management, compliance and data management. 'Octus has a long-held vision to be the undisputed credit market leader, bringing our subscribers the intel, data, and workflow capabilities that help them win in the market,' says Kent Collier, CEO of Octus. 'Now, by integrating the full Sky Road solution set with the Octus platform, we're equipping our clients end-to-end to manage, monitor, and maneuver through the credit market like never before.' "Sky Road's aim has been to transform and elevate the status quo of credit technology,' says John Borse, co-founder and CEO of Sky Road. 'We are thrilled to be joining the Octus team and pushing the industry to greater levels of innovation, fueled by Octus' market-leading data and AI solutions.' A modern platform inspired through collaboration with leading market experts The Octus-Sky Road combination offers clients a robust credit portfolio workflow solution. Now, managers will be able to seamlessly act on insights with Sky Road's proprietary trade suggestion models, while monitoring portfolio risks and compliance. Key benefits of the Octus-Sky Road integration include: Greater portfolio visibility: By streamlining data rooms, compliance and credit portfolio management onto one platform, buy-side professionals gain enhanced confidence, control and operational ease. Integrating Octus' intelligence, data and FinDox TM capabilities with Sky Road's solutions provides full portfolio visibility for better-informed, dynamic decision-making. Complete credit workflow ecosystem: Octus now delivers an unmatched ecosystem covering credit research, portfolio management, trading, compliance workflows and middle office operations, unified with market-leading front office credit intelligence and data. This integrated approach provides a full-scope credit management toolset for greater efficiency and risk management. Modern technology with embedded AI capabilities: The integrated platform combines Sky Road's modern, efficient architecture and best-in-class optimization technology with Octus' powerful AI engine, offering users exceptional speed, deeper analytical capabilities across datasets, intelligent trade suggestions, and robust risk management tools. 'With the acquisition of Sky Road, Octus is expanding into credit portfolio management – a request we have heard repeatedly from our clients who want an integrated data, intelligence, and portfolio management experience,' says Tejs Broberg, Global Head of Data at Octus. 'We are committed to helping managers focus on their core investing competencies and continue to remove friction from their daily workflows by uniting critical credit portfolio workflow and management into one cohesive solution.' Sheppard, Mullin, Richter & Hampton LLP and Weil, Gotshal & Manges LLP both served as legal advisers to Octus in this transaction. Confluens Partners and Winston & Strawn both served as advisers to Sky Road. About Octus Founded in 2013, Octus, formerly Reorg, is the essential credit intelligence and data provider for the world's leading buy-side firms, investment banks, law firms, and advisory firms. By surrounding unparalleled human expertise with proven technology, data, and AI tools, Octus unlocks powerful truths that fuel decisive action across financial markets. Visit to learn how we deliver rigorously verified intelligence at speed and create a complete picture for professionals across the entire credit lifecycle. Follow Octus on LinkedIn and X. About Sky Road For nearly two decades, Sky Road has enabled leading investment management firms to solve complex portfolio management challenges and streamline business operations through innovative managed-service solutions. Sky Road's flagship platform, Galaxy, brings modernized technology to the unique demands and nuances of credit portfolio management. Galaxy empowers credit managers to reach an entirely new level of sophistication in the areas of portfolio management, compliance, optimization, credit management and trade processing (OMS). Visit to learn more about how Sky Road is elevating credit management.
