Apollo MD moves to London as firm targets European growth
Apollo Global Management managing director Adriaan van der Knaap has moved from the New York office to London, as the firm looks to expand its capital solutions team in Europe.
Van der Knaap will join Leslie Mapondera and Tristram Leach, the firm’s co-heads of European credit, on large corporate origination, an Apollo spokesperson told Bloomberg.
Read more: Ares, Eurazeo and Goldman top European direct lender rankings
The move reflects the growing demand for private finance in Europe, the spokesperson said.
Particular areas of focus for the New York-based alternative asset manager include energy transition, infrastructure and fields related to artificial intelligence.
Read more: Apollo reports flat second quarter earnings
Capital solutions have been growing in popularity among alternative asset managers, providing bespoke financing to businesses that are facing challenges amid a retrenchment in bank lending.
Several US alternative asset managers have been open about their plans to expand in Europe. Blue Owl has expanded its team across the continent, while Antares Capital is reportedly looking at a potential acquisition in Europe to scale up its business there.