What are the responsibilities and job description for the 2023 Summer Associate - Private Equity position at Apollo Management Holdings, L.P.?
Primary Responsibilities
About Apollo
Apollo is a high-growth, global alternative asset manager. Since our founding in 1990, we have built a leading global alternative asset management business by staying true to our core principles. Apollo has grown by investing in opportunities, communities, and our people to help achieve exceptional outcomes for investors and make a positive social impact. 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 business strategies: yield, hybrid and opportunistic. Through our investment activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses. As of March 31, 2022, Apollo had approximately $513 billion assets under management.
Our 10-week Summer Associate program provides full immersion into the small, dynamic teams that drive Apollo’s innovative investment strategies and access to an unparalleled, apprenticeship learning experience. You will learn about our approach to investing that contributes to our growth, success, and the source of over $85 billion in assets under management across our equity business invested across a diverse group of regions and industries. We’re known for our integrated businesses, our strong investment performance, our value-oriented philosophy, and our people.
From day one at Apollo, you’re invited to join in and offer your unique point of view. Different perspectives help us to see the uncommon opportunities Apollo is known for, building better companies with an eye to their social impact as well as their financial returns.
Our Purpose and Core Values
We recognize that all of us have been the beneficiaries of opportunity and as an organization we are committed to expanding opportunity across the Apollo ecosystem – in our workplace, marketplace, and communities. Expanding opportunity guides our approach to diversity, which spans all races, genders, sexual orientations, religions, socioeconomic backgrounds, military and public service experiences, and viewpoints.
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.
Private Equity
The Apollo Private Equity team works on a broad range of investment opportunities in lean deal teams to evaluate investment opportunities. Core industry verticals include chemicals, manufacturing & industrials, natural resources, consumer & retail, consumer services, business services, financial services, leisure, media, telecommunications & technology and other sectors. Recent examples of Apollo private equity transactions include Yahoo!, Michaels, Legendary Entertainment, and AeroMexico. The Private Equity team has a flexible investment approach to pursue superior risk-adjusted returns across market cycles, with a focus on opportunistic buyouts, corporate carve-outs, and distressed for control transactions.
Top performers in the internship will be considered for a full-time position upon completion of their graduate studies.
Summer Associate Primary Responsibilities
At Apollo, we work as one team, partnering across regions and disciplines to share the perspectives and insights that lead us to exceptional opportunities. You’ll partner with junior and senior level professionals on a range of projects at every stage of the investment cycle. As a Summer Associate on the Private Equity team, you will be responsible for:
Performing company and industry due diligence, including risk assessment and quantitative & qualitative analysis of business and market trends
Monitoring existing portfolio companies, evaluating platform and add-on acquisitions and evaluating exit options
Developing investment committee memoranda and materials with senior team members
Presenting and participating in investment committee meetings, including communicating analyses effectively to senior investment professionals
Conducting financial modeling and analysis incorporating various business projections and capital structures, while stress testing critical assumptions
Partnering with external due diligence advisors such as accountants, tax experts, consultants and lawyers
Working with counterparties to execute financings for Apollo’s investments
Assist the team with additional ad hoc projects
Qualifications & Experience
Pursuing an MBA or JD/MBA (Class of 2024) with an excellent academic record and a demonstrated interest in finance through previous internships, jobs, and coursework
At least two years of experience in investment banking; additional years of investing experience is a plus
A critical thinker with strong quantitative and analytical skills who expresses their thoughts and ideas clearly both in oral and written communications
A collaborative thinker who can also work independently, multitask, and prioritize competing demands to meet deadlines in a fast-paced environment
A proactive and organized self-starter with a positive attitude, powerful work ethic, strong attention to detail, and experience and comfort in Excel
Note: Apollo is working in partnership with Ratio Advisors to recruit for this team.
Apollo Global Management LLC 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.
The base salary range for this position is $150,000 to $175,000. 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.
Salary : $150,000 - $175,000
