Apollo Global Management, Inc. Appoints Craig Farr as Senior Partner
May 17, 2021 at 09:00 am EDT
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Apollo Global Management, Inc. 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. 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. Mr. 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. Mr. 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.
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates in three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.