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Apollo

Principal, Private IG (New Deals – Origination)

Salary$300k+
LocationNew York, New York
Typefull-time
Company size10,000+ people
First seen1w ago
Last seen15h ago
Position Overview
About the role
Investment professional working within Apollo’s Private Investment Grade team, part of the Global Investment Grade business, focused on the origination, structuring, underwriting, execution, and ongoing management of illiquid investments across developed markets. The team has a format-agnostic mandate covering 4(a)(2) private placements, bilateral and club senior secured loans and forward-flow structures, infrastructure and project finance, and secondary purchases, with the objective of earning excess spread over comparable public investment grade for the additional complexity and illiquidity.
The Principal will lead origination, structuring and execution, and portfolio monitoring on transactions for Apollo’s funds, insurance balance sheets, and co-investors. It requires a high level of technical ability, analytical rigor, and creativity in solving complex financing problems, alongside the judgement and presence to operate with minimal oversight.
The Principal is also expected to set the standard for the team’s investment process and lead its adoption of AI across origination, underwriting, surveillance, and reporting workflows, and to manage and develop junior team members as the platform scales.
Primary Responsibilities
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Lead origination, structuring, underwriting, and execution of private investment grade transactions across developed markets, communicating with deal team members and counterparties including Apollo’s IG sector analysts, Performing Credit analyst team, High Grade Corporate Solutions, Apterra, ABF, Hybrid Credit, risk, legal, and insurance solutions groups; external advisors (accountants, consultants, industry advisors, investment banks); and counterparties (corporate executives, lenders, agents, investment banks).
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Lead fundamental credit analysis on transactions, providing independent credit opinions on business risk, financial risk, structural risk, and relative value, and present investment recommendations to the Investment Committee.
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Lead structuring, covenant negotiation, and documentation across formats, working alongside internal and external legal counsel to secure terms that appropriately protect the portfolio; negotiate pricing, tenor, amortisation, call protection, security and collateral packages, and financial maintenance covenants tailored to each transaction’s risk profile.
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Partner with High Grade Corporate Solutions, Apterra, ABF, and other Apollo origination channels, while independently cultivating bank, agent, sponsor, and direct issuer relationships to expand sourcing across developed markets; identify underpenetrated opportunities across sectors, geographies, and structural formats that complement Apollo’s broader origination flow.
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Source opportunities through proactive research, leveraging sector expertise and market insights to identify investment themes before they reach the broader market; represent the firm in market-facing interactions with banks, agents, issuers, and sponsors.
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Lead portfolio monitoring across assigned holdings, including financial performance tracking, covenant compliance, rating migration, and early identification of credit deterioration; maintain watchlist discipline and drive early escalation of deteriorating credits.
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Lead amendments, waivers, consent requests, and workout or restructuring situations, including active position management decisions (secondary sales, position sizing, capital stack repositioning).
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Coordinate with the IG sector analysts and Performing Credit analyst team on sector coverage, shared issuer views, and relative value across public and private markets; drive shared issuer-level analysis where credits span public and private markets, contributing to unified credit views across the IG platform.
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Partner across the broader Apollo credit platform on transactions and credits that span multiple products.
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Ensure analytical work and deal recommendations reflect the relevant insurance balance-sheet constraints across US (NAIC/SVO, RBC, Schedule D) and European (Solvency II, matching adjustment, fundamental spread) mandates; oversee external rating processes and regulatory filings on lead investor positions, including private letter rating documentation.
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Set and enforce analytical standards, credit process rigor, and documentation quality across the team; lead the team’s adoption of AI tooling across the workflow, including document review, covenant extraction, comparable transaction analysis, sector and issuer research, and portfolio surveillance.
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Supervise and develop junior team members, providing day-to-day guidance on credit work, deal execution, and professional development; contribute to platform-building efforts, including investment process design, technology and data infrastructure priorities, and thematic research and investor-facing materials.
Qualifications & Experience
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Minimum 8 years of relevant work experience, which may include private placements, leveraged finance, structured credit, special situations or restructuring, debt advisory, or workouts. Buy-side experience preferred but not required.
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Either (a) established origination network across banks, agents, advisors, and/or direct issuers in the US and/or Europe, or (b) substantive workouts, restructuring, or active position management experience.
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Bachelor’s degree with an exceptional record of academic achievement. CFA, MBA, and/or ACCA helpful but not required.
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Track record of leading underwriting and execution on complex transactions across corporate sectors and structured, asset-backed, or infrastructure formats.
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Deep expertise in covenant negotiation, documentation, and structuring across at least one of: private placements, syndicated or club loans.
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Familiarity with insurance balance-sheet investing (NAIC/SVO, RBC, Solvency II) helpful; willingness to develop the gaps essential.
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Established relationships with banks, agents, sponsors, and/or direct issuers in the relevant markets; exposure to cross-border transactions a plus.
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Experience managing and developing junior resources in a results-oriented environment.
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Comfort working in a complex and fast-moving organization across multiple stakeholders and capital pools; open to and experienced with complex investment structures and capital stacks.
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Demonstrated interest in process improvement and AI-enabled workflows; willingness to lead, not just observe, that work.
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Strong modelling, analytical, valuation, and problem-solving skills; strong written and verbal communication suited to IC presentations, credit memos, and external counterparty interactions.
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Must be eager to be part of a flat, collegial, collaborative environment embracing a high level of camaraderie, integrity and respect among peers.
About Apollo
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 credit to private 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. As of September 30th, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com.
Our Purpose & Core Values
Our clients rely on our investment acumen to help secure their future. We must never lose our focus and determination to be the best investors and most trusted partners on their behalf. We strive to be:
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The leading provider of retirement income solutions to institutions, companies, and individuals.
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The leading provider of capital solutions to companies. Our breadth and scale enable us to deliver capital for even the largest projects – and our small firm mindset ensures we will be a thoughtful and dedicated partner to these organizations. We are committed to helping them build stronger businesses.
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A leading contributor to addressing some of the biggest issues facing the world today – such as energy transition, accelerating the adoption of new technologies, and social impact – where innovative approaches to investing can make a positive difference.
We are building a unique firm of extraordinary colleagues who:
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Outperform expectations
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Challenge Convention
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Champion Opportunity
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Lead responsibly
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Drive collaboration
As One Apollo team, we believe that doing great work and having fun go hand in hand, and we are proud of what we can achieve together.
Our Benefits
Apollo relies on its people to keep it a leader in alternative investment management, and the firm’s benefit programs are crafted to offer meaningful coverage for both you and your family.
Pay Range
$300,000
Legal
Apollo Global Management, Inc. (together with its subsidiaries and affiliates) is committed to championing opportunity.
The firm and its affiliates comply with applicable discrimination and equal opportunities legislation in all of its jurisdictions and do not discriminate in employment or recruitment based on race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or any other protected characteristic under applicable law.
The contents of the qualifications and experience section of this job description are a guideline only. If an applicant can otherwise demonstrate their suitability for the role they will be considered.
T**he 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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