Principal, Credit Secondaries

Apollo

New York, NY, USA
Posted on August 28, 2023

Position Overview

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes.

Come to Apollo and join a community of extraordinary people who are committed to a culture of excellence and collaboration in everything that we do. We invest in our people for the long term and are committed to supporting their development at every stage of their career.

We are seeking an experienced investment professional at the Principal level to join our S3 Credit Solutions team in New York to support the growth and evolution of the credit secondaries strategy at Apollo.  S3 is Apollo’s Sponsor and Secondary Solutions business, providing a holistic set of financing and liquidity solutions across the yield, hybrid and equity spectrum to asset managers and limited partners. S3 is a natural extension of Apollo’s global investment platform, offering partner-oriented capital across asset classes including private equity, private credit, infrastructure and real estate. S3’s flexible solutions help private market participants meet their strategic goals across a wide range of capital costs.

In this role, the candidate will lead deals from inception to completion working alongside senior and junior team members to source, underwrite, recommend and monitor credit secondary investments. The candidate will be a core member of the S3 Credit Solutions investment team and will play an integral role in the continued development and growth of Apollo’s dedicated credit secondary strategy.  The candidate will work closely with the S3 and Apollo platform teams to ensure long-term scalability of the S3 business, will assist in broader strategic initiatives and take a leadership role in driving and managing investment processes and key business initiatives in collaboration with the team. The successful candidate will also be expected to liaise with external stakeholders including intermediaries, advisors and investors. The professional will have a strong desire to help grow and manage the credit secondaries strategy on a leading asset management platform by leveraging their experience to pursue new ideas and execute on S3 and the firm’s strategic ambitions.

Primary Responsibilities

  • Investment Process: Lead deals, in collaboration with S3 and Credit colleagues across all phases of the investment process, including sourcing, deal screening, qualitative and quantitative evaluation of potential transactions, due diligence, underwriting and structuring of both LP and GP-led credit secondary transactions
  • Investment Committee Communication: Oversee the preparation of due diligence findings and take a lead role in providing recommendations to the S3 Credit Solutions Investment Committee
  • Deal Sourcing: Source secondary opportunities and maintain active relationships at appropriate levels to support a robust deal flow, stay current on investment trends, and maintain a network within the GP and advisor communities
  • Business Strategy: Contribute to a broad range of business building initiatives to grow the S3 business
  • Portfolio Monitoring and Stakeholder Communications: Provide active oversight of portfolio monitoring process, preparing updates with quarterly investor reporting in partnership with Apollo platform teams
  • Investor-related Initiatives: Participate in fundraising and investor-related initiatives over time

Qualifications & Experience

  • At least 7 years of relevant experience at an investment bank, asset manager, or an investment advisory role within principal private debt investing, direct lending, leveraged finance, M&A, structured credit, and secondaries areas
  • Credit analysis experience, strong analytical and quantitative skills coupled with qualitative insight and investment judgment
  • Proven track record in helping lead, structure, and underwrite credit secondaries transactions is a distinct advantage
  • Strong leadership and management skills in working collaboratively with junior and senior colleagues across organizations
  • Superior communication and presentation skills, ability to clearly communicate complex ideas to sophisticated audiences
  • Ability to thrive in a fast-paced and rigorous work environment; demonstrated ability to prioritize competing demands and meet deadlines
  • Strong initiative and ownership of responsibilities, ability to work independently as well as collaboratively
  • Self-starter with a willingness to execute projects within a small, nimble team
  • Exemplary interpersonal skills necessary to handle sensitive information and confidential situations
  • Team-oriented and collaborative attitude is a must; ability to mentor and take responsibility for the direction of junior colleagues
  • Bachelor’s degree from an accredited institution

Apollo Global Management Inc. is an equal opportunity/affirmative action employer.  The firm and its affiliates do not discriminate in employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or because of any other criteria prohibited under controlling federal, state or local law.
Pay Range

300,000

The base salary range for this position is listed above. This position is also eligible for a discretionary annual bonus based on personal, team, and Firm performance. Compensation ranges are based on several factors including job function, level, and geographic location. Final offer amounts are determined by multiple factors including candidate experience and expertise, and may vary from the amounts listed here.

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