Associate / Principal, Thematic Investing

Position Overview

Apollo's Thematic Investing team is a lean, special situations-style group that centralizes market and investment perspectives across the firm and serves as the early warning risk system for the entire organization.

It delivers insights on major investment themes to senior leadership and investment teams, supports unified views of their impact on investment decisions, and strengthens internal connectivity through data and information sharing across investment teams.

The team 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 integrates data and technology into its approach to improve and streamline investment processes. This is an opportunity to join a small team that works on the firm's most critical projects, deals and priorities.

The Associate or Principal (depending on candidate experience) will play a pivotal role in building and refining Apollo's overall investment theses by anchoring analytical depth and ensuring financial rigor in thematic development.

This involves identifying key firm themes and priorities; conducting detailed research to synthesize findings; and effectively communicating cross-functional insights to leadership across the platform, ensuring alignment and coherence in investment decision-making.

The role is equally an investing seat: the candidate will lead end-to-end diligence and execution of equity and debt transactions in growth-stage technology companies and cover select single-name credits across large private and public companies, translating thematic views into live investment decisions.

Primary Responsibilities

• Lead and develop core thematic research workstreams for all of Apollo's investment verticals
• Lead end-to-end diligence and execution of venture equity & 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 the firm's credit platforms
• Build detailed and thorough valuation models and financial frameworks
• Draft investment theses and presentations that effectively communicate views on major emerging themes/risks, including corporate "insurgents", technology trends, business cycles and geopolitics
• Tie secular and market themes to investment opportunities in public and private markets
• Manage and execute 2-4 research projects per year on long-term themes that can be leveraged for investment purposes or external content (e.g., AI disruption; Compute and Data Center Infrastructure; Future of Finance; Reindustrialization; Quantum Computing; Renewable Energy)
• Monitor thematic, sector and single-name risks across the platform and surface emerging issues to senior leadership as part of the team's early warning function
• Identify and leverage data analytics and AI-based tools to promote efficiency across investment processes and as a proof of concept for broader firm adoption

Qualifications & Experience

• Bachelor's degree from a top-tier accredited institution, ideally with majors in Economics, Statistics, Computer Science or similar
• Minimum 4 years of experience in investment banking or buy-side (private equity, private credit, growth equity)
• Strong business acumen and industry research skills required
• Financial modeling, valuation and credit underwriting proficiency
• Transaction experience leading or supporting diligence and execution of equity and/or debt investments, including drafting investment committee materials
• Exposure to growth-stage technology investing is a plus but not required
• Proven ability to lead research workstreams and coordinate inputs from cross-functional teams
• Strong analytical skills and experience identifying and distilling key themes and trends
• AI-native and curiosity is a must. The ideal candidate uses frontier models as a default working environment, builds their own tools when none exist, and is as fluent in how the technology works as in what it is worth
• Effective and articulate communication skills (both written and verbal)
• Demonstrated ability to effectively interface directly with senior leaders
• Exceptional presentation drafting experience

Our Purpose and Core Values

We are building something rare: a firm where extraordinary people can do the best work of their careers - and build whole careers here. We play to win, we operate with no walls, and we are uncompromising about what we expect from one another. This is a place where the best idea wins, every voice is expected to be heard, and we can count on each other in the moments that matter. That is what it means to be One Apollo.

We ask "what if" to create what is, because yesterday's strategies may not solve tomorrow's challenges. The answer? Rigorous thinking and innovative solutions for an ever-changing world. 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.

As principal investors, we invest alongside our clients, combining disciplined underwriting with our integrated platform to deliver solutions across market cycles.

We have built a leading alternative asset management and retirement services platform by staying true to our core principles of:

• Clean Sheet Thinking
• No Walls
• Flat and Informal
• Principal Mindset
• Right Over Easy
• Life's Work

As One Apollo team, we believe that doing great work and having fun go hand in hand, and we are proud of what we can achieve together.

To learn more about our unique culture and what makes Apollo Apollo, please review our culture deck: Apollo Culture Deck

Our Benefits

• Apollo is committed to providing innovative and competitive benefits that support the wellbeing of our employees and their families around the globe.
• The base salary range for this position is: 200,000 - 300,000

• 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.

• Apollo Global Management, Inc. (together with its subsidiaries and affiliates) is committed to championing opportunity.
• The contents of the qualifications and experience section of this job description are a guideline only. If an applicant can otherwise demonstrate their suitability for the role they will be considered.