Associate or Principal, Thematic Investing

Apollo Management Holdings • New York City, NY

2d • $200,000 - $300,000

About The Position

Apollo’s Thematic Investing team is a lean, special situations-style group that centralizes market and investment perspectives across the firm, serves as an early warning risk system, and shares insights on major investment themes with senior leadership and investment teams. The team supports unified views on investment decisions and strengthens internal connectivity through data and information sharing. It also invests directly, leading venture equity and venture debt transactions in growth-stage technology companies and covering select single-name credits across large private and public companies. The team uses data and technology to improve and streamline investment processes.

The Associate or Principal will help build and refine Apollo’s investment theses through rigorous analysis and thematic research. The role includes identifying firm themes and priorities, synthesizing research, and communicating cross-functional insights to leadership. It is also an investing role, leading end-to-end diligence and execution of equity and debt transactions in growth-stage technology companies and covering select single-name credits across large private and public companies.

Apollo is a global alternative asset manager whose asset management business spans investment grade credit to private equity. Through Athene, its retirement services business, Apollo provides retirement savings products and institutional solutions. The firm describes its approach as patient, creative, and knowledgeable, and states that as of March 31, 2026, it had approximately $1.03 trillion of assets under management.

The base salary range is $200,000–$300,000. The position is also eligible for a discretionary annual bonus based on personal, team, and firm performance. Final compensation may vary based on factors including candidate experience, expertise, job function, level, and geographic location.

Requirements

• Bachelor’s degree from a top-tier accredited institution; majors in Economics, Statistics, Computer Science, or a similar field are preferred.
• Minimum 4 years of experience in investment banking or buy-side investing, such as private equity, private credit, or growth equity.
• Strong business acumen and industry research skills.
• Proficiency in financial modeling, valuation, and credit underwriting.
• Transaction experience leading or supporting diligence and execution of equity and/or debt investments, including drafting investment committee materials.
• Ability to lead research workstreams and coordinate input from cross-functional teams.
• Strong analytical skills and experience identifying and distilling key themes and trends.
• Curiosity and an AI-native approach; the ideal candidate uses frontier models as a default working environment, builds tools when needed, and understands both how the technology works and its value.
• Effective written and verbal communication skills.
• Ability to interface directly with senior leaders.
• Exceptional presentation drafting experience.

Nice To Haves

• Exposure to growth-stage technology investing.

Responsibilities

• Lead and develop core thematic research workstreams for Apollo’s investment verticals.
• Lead end-to-end diligence and execution of venture equity and debt transactions in growth-stage technology companies, including underwriting, financial modeling, structuring, investment committee materials, and closing.
• Cover select single-name credits across large private and public companies, developing and maintaining underwriting views that inform investment decisions across credit platforms.
• Build detailed valuation models and financial frameworks.
• Draft investment theses and presentations communicating views on emerging themes and risks, including corporate insurgents, technology trends, business cycles, and geopolitics.
• Connect secular and market themes to public and private market investment opportunities.
• Manage and execute 2–4 research projects per year on long-term themes for investment purposes or external content.
• Monitor thematic, sector, and single-name risks across the platform and surface emerging issues to senior leadership as part of the early warning function.
• Identify and use data analytics and AI-based tools to improve investment-process efficiency and demonstrate potential for broader firm adoption.
• Communicate cross-functional insights to leadership and support coherent investment decision-making.

Benefits

• Innovative and competitive benefits supporting employee and family wellbeing around the globe.
• Discretionary annual bonus based on personal, team, and firm performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level