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Apollo Hires Farr as Senior Partner to Lead Capital Solutions Activities

May 18, 2021, 08:03 AM
Filed Under: Private Equity

Apollo Global Management announced that Craig Farr will join the Firm as a Senior Partner to lead Apollo’s capital solutions activities. In this newly created role, Mr. Farr will spearhead Apollo’s centralized origination, structuring and distribution platform, reporting directly to Apollo Co-Presidents, Scott Kleinman and Jim Zelter.

Kleinman and Mr. Zelter said, “The origination, structuring and distribution of less liquid investment opportunities across our broad platform is a key strategic priority for Apollo in order to generate significant value for our insurance clients and limited partners. We are thrilled to welcome a respected leader and accomplished business-builder of Craig’s caliber to the Apollo family. Apollo believes that we will continue to see significant acceleration of the market opportunity, and we look forward to working closely with Craig and are confident that the business will continue to scale and grow rapidly under his leadership.”

Farr said, “I am excited to lead such an incredible team and to build on the Firm’s strong momentum providing creative financing solutions to companies and borrowers across yield, hybrid and opportunistic asset classes. I share Apollo’s vision for combining synergistic capital solutions across the risk-return spectrum in order to originate alpha generating investments for Apollo’s investors.”

Apollo has built and currently manages one of the largest, global alternative investment platforms, with approximately $461 billion of assets under management as of March 31, 2021. As yields in traditional liquid investment strategies remain compressed, Apollo is focused on originating and structuring higher spread private assets through its vast front-end origination platform to deliver excess return for all clients across asset classes, geographies and the risk-return spectrum. The firm continues to invest heavily in building out private asset origination across asset classes, including investment grade debt, structured products, direct lending (both middle market and large capitalization), real assets, hybrid capital and opportunistic investments. In 2020, Apollo directly originated or underwrote over $47 billion of private asset investments.

Farr will lead Apollo’s continued expansion in front-end origination, structuring and distribution to ensure that Apollo’s broad capital base is being effectively delivered to borrowers in a solutions-oriented manner. With Mr. Farr’s leadership alongside Apollo Senior Partner Howard Widra and MidCap Financial, Apollo’s market-leading middle market lending platform, Apollo will continue to provide borrowers with flexible capital structure solutions to meet any financing need.

Farr most recently served as a Senior Advisor to Carlyle from 2017 to 2019, where he was focused on growing the credit business and expanding into capital markets. He previously was Head of Credit and Capital Markets at KKR, where he drove the build-out of its structuring, capital markets advisory, distribution and credit origination franchises. Prior to KKR, he spent 12 years at Citigroup Global Markets Inc. where he was a managing director and served as Co-Head of North American Equity Capital Markets.

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