Disciplined Credit,
Proven Industry Leadership
DS2 Capital Prices Inaugural U.S. CLO at $510 Million
Debut transaction launches the firm’s broadly syndicated loan platform
CHARLOTTE, N.C., September 24, 2026 — DS2 Capital (“DS2”) today announced the pricing of DS2 CLO 1 Ltd, a $510 million collateralized loan obligation backed by a portfolio of broadly syndicated senior secured loans. The transaction is the firm’s first CLO and is expected to close on October 29, 2026.
Royal Bank of Canada acted as arranger on the transaction. The CLO has a five-year reinvestment period and a two-year non-call period, with notes rated by Moody’s and Fitch.
“Pricing our first CLO is a significant milestone for DS2. We are grateful for the support received from investors in our debut transaction which we believe reflects their confidence in the depth of experience our team brings to underwriting corporate credit. We built this platform to be a durable, programmatic issuer in the U.S. broadly syndicated loan market, and this transaction is its foundation.” said Stephen Riddell, Chief Executive Officer of DS2 Capital.
DS2 Capital connects institutional capital with specialized credit markets. Focusing on actively managed broadly syndicated loan strategies, including CLOs, our firm is built on a foundation of long-standing market relationships and top-tier infrastructure.
With strong institutional backing, we are engineered for scale — leveraging decades of veteran experience to navigate the complexities of the credit landscape.
THE DS2 EDGE
Our Philosophy
While traditional banking models shift, our seasoned team leverages an established, cycle-tested investing playbook to capture the right opportunities on your behalf. By combining high-conviction credit analysis with sophisticated structuring, we remove the guesswork – transforming deep market acumen into optimized, long-term performance for your capital.
THE DS2 EDGE
“We are grateful for Gallatin’s and the investor group’s significant backing and delighted to reconnect with internal and external colleagues in our business. We look forward to growing this platform with disciplined investing and solid returns for our investors and partners.”
- Stephen Riddell, CEO
In the News
BUSINESS WIRE
February 5, 2026
"DS2 was founded to build a focused, credit-first investment platform designed to perform across market cycles."
Backed by Gallatin Point Capital
Gallatin Point, a private investment firm focused on opportunistic investments in financial institutions, provided committed capital and serves as institutional co-founder of DS2.
Stephen Riddell and Team
Our Team
Stephen Riddell
CEO & CIO
Will Farr
Senior Portfolio Manager
Paul Caruso
Head of Trading
Sal K. Mirran
Chief Administrative Officer
Nicholas Summerford
Head of Operations
Alan DeKeukelaere
Head of Research
Kathleen LaVielle
Senior Research Analyst
William Taylor
Senior Research Analyst
Ryan White
Senior Research Analyst
David Acton
Research AnalystInquiries & Partnerships
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