Apollo FIG Private Equity

So it seems like Apollo has a special FIG PE team similar to how they have a separate Natural resources team. I get what NR PE is, but given that no one is LBO'ing banks and insurance companies, I'm wondering what they do in this group. I don't think it's like traditional FIG focused PE like Stone Point, Reverence etc., but rather buying up lending platforms to provide paper for their insurance investing needs? I don't really get that if folks can give me examples of typical deals or assets that they would buy in that group.

Also - given the deal experience, how easy is it to transition from the FIG PE role to traditional PE.

8 Comments
 

It's basically a corp dev function. Heavy focus on deals that benefit Apollo corporate. Athene and other corporate fig deals was done by them.

This! A few people from my analyst class ended up going there and hated it cause they were not really working on deals and were serving more of a corporate role as opposed to an investing role. More than 50% of them ended up lateraling within the first year. 

 

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