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Apollo Global

Invests client and insurance money in private credit

Hybrid Value - Associate

Full-Time
No salary listed
Junior
Bachelor's
London, UK
In Person
Finance & BankingPrivate Equity

About the job

Requirements
  • At least 2 years of relevant work experience, including at least 1 year in investment banking and/or principal investing.
  • A bachelor’s degree from an undergraduate institution and a record of academic achievement.
  • Strong modeling, analytical, valuation, and problem-solving skills.
  • A genuine interest in equity and credit investing and the ability to analyze upside and downside risks.
  • The ability to identify potential risks and find solutions to roadblocks throughout all stages of a deal.
  • Strong written and verbal communication skills.
  • Strong interpersonal skills to support communication with external counterparties.
  • Excellent attention to detail.
Responsibilities
  • Provide analytical and project support for investment activities, including idea generation, evaluation, execution, and ongoing portfolio monitoring and management.
  • Manipulate company and industry data to identify statistical trends and run performance analytics.
  • Forecast business performance by building multi-scenario financial models.
  • Run sensitivity analyses to identify the quantitative impact on performance under various stress tests.
  • Conduct in-depth company and industry research.
  • Develop investment committee memoranda and materials with senior team members.
  • Assist the team with additional ad hoc projects.
  • Work across the Hybrid Value strategies of structured equity, capital solution financings, and non-control stressed or distressed investments in primary and secondary markets.
Desired Qualifications
  • Mergers and acquisitions, restructuring, and/or leveraged finance experience is strongly preferred.
  • European language skills are preferred.

About the company

Apollo Global Management invests money for pension funds, insurers, wealthy individuals and its own retirement business, with most of its assets in private credit, meaning loans arranged directly with companies rather than bought on public markets. It also runs private equity and real estate funds, and its buyout teams have a long record of backing troubled or complex companies. Apollo owns Athene, a retirement insurer that sells annuities and gives the premiums to Apollo to invest, so the firm earns fees from clients plus the spread between Athene's investment returns and what it pays policyholders. Apollo was founded in 1990 and is based in New York.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

1990

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Simplify's Take

What believers are saying

  • Money keeps arriving: Apollo took in $60 billion of inflows in the June 2026 quarter, $22 billion at Athene.
  • Apollo posted record results: adjusted net income reached $1.3 billion in the June 2026 quarter.
  • The fee income behind salaries is growing: Apollo's management fees rose 23% year over year in the June 2026 quarter.

What critics are saying

  • Retail clients want out: Apollo Debt Solutions withdrawal requests hit 16.8%, about $2.4 billion, in June 2026.
  • Apollo carries the credit risk itself: Athene must pay annuity holders even when the loans it buys go bad.
  • Equity pay has shrunk: Apollo shares fell 6% to $122.60 on June 24, 2026, after the second withdrawal cap.

What makes Apollo Global unique

  • Apollo owns its biggest client: it managed $415.7 billion for retirement insurer Athene as of June 2026.
  • Insurance spreads earn as much as fund fees: Q2 2026 spread earnings were $877 million versus $785 million in fees.
  • Lending, not buyouts, drives Apollo: 86% of its fee-earning assets sit in private credit.

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Benefits

  • Performance Bonus

Company News

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