NEW YORK, Oct. 05, 2023 (GLOBE NEWSWIRE) — Apollo Debt Solutions BDC today announced that it has appointed Eric Rosenberg and Adam Eling as Chief Financial Officer and Chief Operating Officer, respectively, of ADS, effective October 2, 2023. ADS is a non-exchange traded business development company sponsored by affiliates of Apollo (NYSE: APO) that invests primarily in private loans and securities, mainly to large cap, private U.S. companies, and to a lesser extent, middle market U.S. and international companies.
Apollo Partner Earl Hunt, Chair and CEO of ADS, said, “We are pleased for Eric and Adam to assume these new roles, building on the Fund’s significant momentum amid robust investor demand for differentiated senior private lending solutions.”
Rosenberg has previously held several senior finance positions for leading financial services firms including serving as CFO of Anchorage Capital Group and Blackstone Credit (formerly known as GSO Capital Partners), while Eling is a member of Apollo’s Investment COO team.
About Apollo Debt Solutions BDC
The Fund is a regulated, non-exchange traded BDC that provides individual investors access to investments targeted by the largest institutions. The Fund believes it provides investors with a stronger and more diversified path to value than is typically available — and aims to offer a more beneficial risk-adjusted profile than public equivalents. The Fund focuses primarily on private credit opportunities in directly originated assets, including loans and other debt securities, made to or issued by large private U.S. borrowers, with a strong emphasis on senior secured lending. Together, the Fund believes these attributes help position ADS to perform.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2023, Apollo had approximately $617 billion of assets under management. To learn more, please visit www.apollo.com.
