Apollo World Administration managing director Adriaan van der Knaap has moved from the New York workplace to London, because the agency seems to develop its capital options workforce in Europe.
Van der Knaap will be a part of Leslie Mapondera and Tristram Leach, the agency’s co-heads of European credit score, on massive company origination, an Apollo spokesperson instructed Bloomberg.
Learn extra: Ares, Eurazeo and Goldman prime European direct lender rankings
The transfer displays the rising demand for personal finance in Europe, the spokesperson stated.
Explicit areas of focus for the New York-based different asset supervisor embrace vitality transition, infrastructure and fields associated to synthetic intelligence.
Learn extra: Apollo reviews flat second quarter earnings
Capital options have been rising in recognition amongst different asset managers, offering bespoke financing to companies which might be going through challenges amid a retrenchment in financial institution lending.
A number of US different asset managers have been open about their plans to develop in Europe. Blue Owl has expanded its workforce throughout the continent, whereas Antares Capital is reportedly a possible acquisition in Europe to scale up its enterprise there.