Principal. Private IG; Portfolio Management​/Workouts

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 counter parties, 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.

• 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 counter party 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 counter parties — corporate executives, lenders, agents, investment banks, and legal counsel — in both portfolio management and new deal contexts.

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.

• Minimum 8 years…