Apollo Global Management, Inc.
Hybrid Value, Associate

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Position Overview
Hybrid Value is one of Apollo’s high-growth flagship strategies with $13bn AUM and forms part of the firm’s broader equity ecosystem. It formally integrates Apollo’s market leading Private Equity and Opportunistic Credit franchises to capitalize on market challenges and misunderstood risk/reward situations to provide debt and equity solutions globally across asset classes, industries, and geographies. Investment opportunities generally fall within “the riskier end of credit and on the safer end of equity”. The Associate will work as part of the Hybrid Value team on all stages of the investment and ongoing portfolio monitoring processes. In this role, the candidate will focus on Hybrid Value’s three core strategies: (i) structured equity, (ii) capital solution financings, and (iii) non-control stressed/distressed across both primary and secondary markets. The Associate will be responsible for financial modelling and analysis, company and industry research, portfolio management, and idea generation.
Primary Responsibilities
- Provide analytical and project support for all investment-related activities including idea generation, evaluation, execution, and ongoing portfolio monitoring/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 quantitative impact on performance under various stress tests
- Conduct deep company and industry research
- Develop investment committee memoranda and materials with senior team members
- Assist the team with additional ad hoc projects
Qualifications & Experience
- 2+ years of relevant work experience including at least one year in investment banking and/or principal investing; M&A, Restructuring, and/or Leveraged Finance experience strongly preferred
- Bachelor’s degree from a top undergraduate institution with a record of academic achievement
- Strong modelling, analytical, valuation, and problem-solving skills
- European language skills preferred
- Genuine interest in both equity and credit investing and ability to analyse upside and downside risks
- Demonstrates strong investment judgment by ability to identify potential risks and find solutions to roadblocks throughout all stages of a deal
- Strong written and verbal communication skills
- Excellent attention to detail
- Strong interpersonal skills to support communication with external counterparties
- Excels in a rigorous and fast-paced team-oriented work environment
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
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You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
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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 to private equity with a focus on three investing strategies: yield, hybrid, and 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.
OUR PURPOSE AND 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.
- 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. Please reach out to your Human Capital Business Partner for more detailed information on specific benefits.
Apollo Global Management, Inc. (together with its subsidiaries and affiliates) is an equal opportunity/affirmative action employer. The firm and its affiliates do not discriminate in employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or because of any other criteria prohibited under controlling federal, state or local law.
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