Details

Position:
Fellowship

Organization:
Apollo Global Management

Contact:
Oscar Serpell
serpello@upenn.edu

Location:
New York, NY

Application Deadline:
November 7, 2022

Term:
May – August 2023

Compensation:
Paid

Level:
Graduate and Undergraduate


Description

This year, the Kleinman Center for Energy Policy has partnered with Apollo global management to offer a Penn-exclusive research associateship. Apollo’s US Summer Intern program provides students with an exceptional learning opportunity. The program provides full immersion into the small, dynamic teams that drive Apollo’s innovative investment strategies and access to an unparalleled, apprenticeship learning experience. The program includes mentoring, citizenship projects, unique learning experiences and networking, social events, and an expert speaker series. You will work closely day to day with colleagues at every level, experiencing what it means to be a member of the Apollo community.

From day one at Apollo, you’re invited to join in and offer your unique point of view. Different perspectives help us to see the uncommon opportunities Apollo is known for, building better companies with an eye to their social impact as well as their financial returns. You’ll be working in an apprenticeship culture that develops your skills every day.

About the Team

Apollo targets deploying $50 billion in clean energy and climate capital over the next five years and sees the opportunity to deploy more than $100 billion by 2030. With approximately $4.5 trillion annually in investments needed to achieve global net zero by 2050, Apollo aims to be a leading capital partner to companies and communities globally.

Apollo’s summer Kleinman Center for Energy Policy Associate will work within Apollo’s Climate Private Equity group focused on climate related investments. In this role, the Summer Associate focuses on Private Equity’s three core strategies: (i) opportunistic corporate buyouts, (ii) distressed-for-control investments, and (iii) corporate carve-outs. Responsibilities include financial modeling and analysis, company and industry research, portfolio management, and investment idea generation. In order to understand the value proposition and risks associated with any investment, the Summer Associate must analyze diligence data, scrutinize business trends, construct investment models, and present an investment thesis and analyses to senior investment professionals

Primary Responsibilities

Apollo works as one team, partnering across regions and disciplines to share the perspectives and insights that lead to exceptional opportunities. You’ll partner with junior and senior level professionals on a range of projects at every stage of the investment cycle. As a Summer Associate on the Private Equity Climate team, you will:

  • Perform company and industry due diligence, including risk assessment and quantitative & qualitative analysis of business and market trends
  • Monitor existing portfolio companies, including evaluating platform and add-on acquisitions and evaluating exit options
  • Develop investment committee memoranda and materials with senior team members
  • Present and participate in investment committee meetings, including communicating analyses effectively to senior investment professionals
  • Conduct financial modeling and analysis incorporating various business projections and capital structures, while stress testing critical assumptions
  • Partner with external due diligence advisors such as accountants, tax experts, consultants, lawyers and operating advisors
  • Work with counterparties to raise financings for Apollo’s investments
  • Analyze business performance trends of prospective and existing investments
  • Assist the team with additional ad hoc projects

Qualifications and Experience

  • Open to graduate and undergraduate students with an excellent academic record and a demonstrated interest in finance through previous internships, jobs, and coursework.  Apollo is committed to fostering a diverse and inclusive workplace and all individuals, including those who self-identify with a historically underrepresented minority group, are encouraged to apply.
  • A critical thinker with strong quantitative and analytical skills who expresses their thoughts and ideas clearly both in oral and written communications
  • A collaborative thinker who can also work independently, multitask, and prioritize competing demands to meet deadlines in a fast-paced environment
  • A proactive and organized self-starter with a positive attitude, powerful work ethic, strong attention to detail.
  • Experience and comfort working with essential analytical software; namely, Microsoft Excel
  • This role requires the individual to be in the office four days per week but will participate in Apollo’s hybrid work policy

About Apollo

Apollo is a high-growth, global alternative asset manager. Since its founding in 1990, Apollo has built a leading global alternative asset management business by staying true to its core principles. Apollo has grown by investing in opportunities, communities, and people to help achieve exceptional outcomes for investors and make a positive social impact. It seeks to provide clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies; yield, hybrid and opportunistic. Through its investment activity across a fully integrated platform, Apollo serves the retirement income and financial return needs of clients, and offers innovative capital solutions to businesses. As of March 31, 2022, Apollo had approximately $513 billion assets under management.

Application Instructions

This opportunity is open to all Penn graduate and undergraduate students. Applications can be submitted using this asana form.

Please upload all requested documents including your resume, unofficial transcript, cover letter, and writing sample. Applications will be reviewed beginning November 7th and will continue to be reviewed until the role is filled. For questions about how to apply, please contact Oscar Serpell (serpello@upenn.edu).

Apollo’s Purpose and Core Values

We recognize that all of us have been the beneficiaries of opportunity and as an organization we are committed to expanding opportunity across the Apollo ecosystem – in our workplace, marketplace, and communities. Expanding opportunity guides our approach to diversity, which spans all races, genders, sexual orientations, religions, socioeconomic backgrounds, military and public service experiences, and viewpoints. 

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.

Apollo Global Management LLC is an equal opportunity/affirmative action employer. The firm and its affiliates do not discriminate in employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or because of any other criteria prohibited under controlling federal, state or local law.