Principal. Private IG (Portfolio Management/Workouts)

About the role

The role is part of Apollo's Private Investment Grade team, focusing on the origination, structuring, underwriting, execution, and ongoing management of illiquid investments across developed markets.

Responsibilities

• Lead portfolio monitoring across assigned holdings — financial performance tracking, covenant compliance, rating migration, and early identification of credit deterioration;

• 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;

• 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;

• Engage directly with counterparties — corporate executives, lenders, agents, investment banks, and legal counsel — in both portfolio management and new deal contexts.

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.

Benefits

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.