US buyout company Apollo Global appoints Matt Michelini as Asia-Pacific leader
New York-based private equity firm Apollo Global Management has appointed current senior partner Matt Michelini to lead the Asia-Pacific region to oversee its investing and non-investing activities in the region.
According to the announcement, Michelini will initially be based in Hong Kong and oversee the expansion of Apollo’s offices in Asia-Pacific, including Hong Kong, Singapore, Sydney and Tokyo, and in coordination with Mumbai.
Michelini will continue in his role as Global Co-Head of Apollo Hybrid Value and support the growth of Apollo’s PE business in the region, which Company Co-Chairs Scott Kleinman and James Zeller say is a key element of its long-term growth strategy.
Michelini’s appointment follows Apollo’s increased investment and hiring activity in the region.
In June, the company appointed Ian Bell, a former Evercore executive, to lead its fundraising efforts in Asia and invest in relationships on its platform, including private equity, credit and real assets. . He also appointed Tetsuji Okamoto as his PE manager in Japan.
Earlier this year, the Apollo Funds acquired the aluminum cans and rolling operations of Japan-based Showa Denko in a major corporate separation transaction. The company plans to add senior talent in the region to also focus on its global wealth management platform.
Apollo CEO Marc Rowan said Michelini’s appointment underscores significant growth opportunities in the region.
âThese are markets where banks still offer most of the savings products and stimulate credit formation. There is a dearth of yield options for institutional and individual investors, creating a strong demand for our alternative strategies to replace fixed income securities, âRowan added.
Founded in 1990, Apollo is a global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo .
As of June 30, 2021, Apollo had approximately $ 472 billion in assets under management.
The company had approximately $ 472 billion in assets under management as of June 30, 2021, in credit, private equity and real asset funds invested in a core group of industries where Apollo has knowledge and expertise. considerable resources.
Last year, the company applied to raise its second real estate opportunity fund in Asia, Apollo Asia Real Estate Fund II. The first fund closed in 2017 at $ 281.7 million and invested in real estate in the primary and secondary markets of Asia-Pacific.