Jobs Companies Apollo Global Management Principal. Private IG (Portfolio Management/Workouts)

Sobre este puesto de Principal. Private IG (Portfolio Management/Workouts) en Apollo Global Management

Apollo Global Management · Presencial · New York, New York

Position Overview

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.

This Principal seat is the team's primary portfolio management and workouts role. The person in this seat owns the active management of a large and complex existing book — leading covenant monitoring, amendments, waivers, restructurings, and position management decisions — while also executing new investments. It is a role that requires both the forensic credit instinct to identify problems early and the execution capability to lead transactions, manage counterparties, and present investment views to the Investment Committee.

The person in this seat will be in rooms with issuers, legal counsel, and agents, driving outcomes — and simultaneously leading new investment underwriting as the strategy evolves.

Primary Responsibilities

Portfolio Management & Active Credit Oversight

  • Lead portfolio monitoring across assigned holdings — financial performance tracking, covenant compliance, rating migration, and early identification of credit deterioration; maintain watchlist discipline and drive early escalation of deteriorating credits.
  • Lead amendments, waivers, and consent requests across the portfolio — managing the full counterparty process from initial identification through negotiation, documentation, and execution.
  • Lead workout and restructuring situations, including active position management decisions: secondary sales, position sizing adjustments, and capital stack repositioning.
  • Manage and develop a structured view of the portfolio — identifying positions for active management, runoff, secondary sale, or reinvestment
  • Coordinate with the IG sector analysts and Performing Credit analyst team on shared issuer views, sector coverage, and early warning signals across the public and private IG platform.

New Investment Execution

  • Lead underwriting and execution on new private investment grade transactions — fundamental credit analysis, independent credit opinions on business risk, financial risk, structural risk, and relative value, and Investment Committee presentations.
  • Lead structuring, covenant negotiation, and documentation on new deals across formats, working alongside internal and external legal counsel; negotiate pricing, tenor, amortization, call protection, security packages, and financial maintenance covenants.
  • 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) mandates; oversee external rating processes and regulatory filings on lead investor positions.
  • Engage directly with counterparties — corporate executives, lenders, agents, investment banks, and legal counsel — in both portfolio management and new deal contexts.

Platform & Team

  • Set and enforce analytical standards, credit process rigor, and documentation quality across the team; lead the team's adoption of AI tooling across portfolio surveillance, covenant extraction, document review, and comparable transaction analysis.
  • Partner with High Grade Corporate Solutions, Apterra, ABF, Hybrid Credit, and other Apollo origination channels on transactions and credits that span multiple products or capital stacks.
  • Supervise and develop junior team members — including associates with limited prior experience — 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

  • Minimum 8 years of relevant experience in private credit portfolio management, workouts, special situations, restructuring, debt advisory, or a closely adjacent field. Buy-side experience preferred; sell-side restructuring and special assets backgrounds considered.
  • Substantive experience in workouts, restructuring, or active position management — including direct ownership of amendment, waiver, and restructuring processes across complex credits.
  • Track record of leading underwriting and execution on complex transactions end-to-end; this is not a monitoring-only role — new investment execution capability is required.
  • Deep expertise in covenant negotiation, documentation, and capital structure analysis across at least one format: private placements, syndicated or club loans.
  • Strong independent credit judgment — ability to identify credit deterioration early, form and defend a view under pressure, and lead both defensive and offensive investment decisions.
  • Familiarity with insurance balance-sheet investing (NAIC/SVO, RBC, Solvency II) helpful; genuine willingness to develop the gaps is essential.
  • Experience managing and developing junior resources in a results-oriented environment; player-coach orientation essential — this team includes associates at early stages of their development.
  • Demonstrated interest in AI-enabled workflows and process improvement — particularly portfolio surveillance and covenant monitoring applications.
  • Strong written and verbal communication suited to IC presentations, credit memos, amendment negotiations, and external counterparty interactions.
  • Bachelor's degree with an exceptional academic record. CFA, MBA, and/or ACCA helpful but not required.

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:

  • The leading provider of retirement income solutions to institutions, companies, and individuals.

  • 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.

  • 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:

  • Outperform expectations

  • Challenge Convention

  • Champion Opportunity

  • Lead responsibly

  • 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

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.

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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What Makes Apollo...Apollo Our People Our History Sustainability & Impact Life At Apollo 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.

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