Anyone have thoughts on Atlas SP?
I know the firm is CS’ spun off securitized products division which is owned by Apollo. Does the firm just securitize products or does it also trade and/or invest in them. Since it’s no longer a bank I wasn’t sure if they were allowed to take prop positions.
Dog water
Can you elaborate
Apollo bought it to source asset-backed debt for Athene. They are still doing public securitizations, but I think the main business is warehouse lending, which is basically asset-backed direct lending.
Pretty sure I read that they were part of a group that recently bought a bunch of consumer loans from credit unions, so I assume they are doing some principal trading of the underlying assets. For what it's worth, banks can do that with whole loans too (just not securities).
Appears to be more of an originations engine for Athene
Just to clarify then, ATLAS is going to be a long term part of Apollo’s business platform, not just a portfolio company correct.
Beautiful isn't it
Sure but their pac west deal is interesting and unique
That transaction was led and executed by Apollo FIG, though the capital technically flowed through Atlas as an intermediate entity.
Apollo FIG guys don't understand the irony of spending billions of dollars to buy a business that specializes in asset-backed financing and then claiming that, actually, they're experts in it and can do it all by themselves!
Anyone have their interviews yet?
Yes I had one. Any idea on turn around time?
No idea. Nothing was said. It’s unclear because it’s the first process they’ve ever had
Did you have one or two interviews for the first round?
Did you hear back?
Going for FT. Had 2 interviews first round and got word on the 12th that I had been selected for a second round.
Were the interview questions behavioral based
Did you hear back?
My coworker and I are both in the process for Atlas. Hes doing it for SA 24 and Im FT. Interestingly enough the process for us is a bit different.
He goes to a target school while I am from a non-target. He got his notice for round 2 in the office last week while for me, I had my round 2 virtual and I just did my survey for round 3 in office. I think FT have more screening process and the C-suite wanted to meet the candidates more from what I have heard.
Questions are mostly behavioral so have like a solid story, listen to the info session that they held and be very genuine. The interviews I have had were very easy going and the interviewer I had honestly wasn’t try to pick a fight so take it easy and just stay honest. To the behavioral questions have a solid experience you can refer to instead of some bullshit that people pull with no prior experience. They ask a couple follow up questions and you don’t want to not have a backup and have them think you are full of shit.
Aside from that, pretty much it. Will give more insight once I am more through the process. Personally I think this is a great place to start your career at and sort of a last chance for those who missed banking recruiting timeline. This program is a 2 year rotation and you get exposed to a much broader aspect of the business and that experience is definitely valuable in the long run.
Had the same experience. Is there a round 3 for SA? Hearing otherwise
So im in round 3 rn and I don’t want to disclose too much of a private conversation between an interviewer. In short they are expecting to see at least a few more rounds (1/2/3 who knows ;)). And then after that it seems senior boss wants to meet the candidates.
Give or take your mileage may vary with this information but seems like their one month timeline might not be accurate just because they have a new HR and they are still wrapping their head around this and creating the process from scratch for Atlas.
Did you hear back ?
Hey I am also interviewing for SA 24. I have my second round next week , Do you have any idea about what are some key behaviral questions they ask ?
Expect all lmao. An interview is just a conversation, play the game, any type of questions should land in your court.
How did it go?
Did you guys network heavily for the role? Do you think they’ll care a lot about networking?
I can’t say for my colleague, but I did. Since the industry is a bit niche (unless you a huge 2008 fan) then the quickest way to learn about the industry is to read it up on M&I and then asking your questions.
I started with current summer analysts upwards to a director. So I would say yea, networking matters so you have the proper high level overview of the business and not sound like a idiot in an interview.
Tldr: I was asked on how much I know about the business and I name dropped what each person person told me that was unique in their eyes about the firm. Really impressed my interviewer.
Has anyone heard back yet?
Give it a couple weeks i heard
When were you told this if you don't mind me asking?
No but I have one coming up- was it all behavioral?
Yeah. They don't really expect you to have any technical knowledge.
for SA 2024, is it second round then done?
I think so but not sure, does anyone know?
Thats correct from my colleague. Hr told him he should hear back in 2 weeks
Del
Anyone got updates?
Nothing from my end
Did you hear back?
Anyone hear back?
Does anyone have thoughts on growth in this industry?
Bonds will never ever go anywhere lmao….. this is in short debt origination
ATLAS SP = Apollo
Anyone hear back?
Ft or SA
Wondering for both
Know they sent out an offer or two for SA but don’t think they’ve sent out everything
Linkedin
Curious how they evaluated candidates if interviews were entirely behavioral, did not hear back for SA yet so assuming I'm dinged
Most likely that those offers were given out as they had exploding offers, but you never know. Did you hear anything else?
I actually have an exploding offer too that expires in 3 days...
For people who applied ft, how many interviews did you have until you got the offer?
offers only went out to one person atm
There’s probably more but they simply haven’t posted yet. I know someone who got an offer FT but he hasn’t posted it on LinkedIn yet.
Is anyone still interviewing for ft?
Does anyone have updates for SA?
pm me
How many interviews for SA
Two rounds of two interviews btb
Then I guess same thing for FT
The relationship between Apollo and atlas is like Apollo and redding ridge. Atlas still operates as a separate entity but the idea is that on transactions Athene/Apollo automatically gets the mez pieces or whatever.
Basically when redding ridge price a clo the single A and triple B tranches are literally never available to other investors because they get automatically sold to Athene.
As other pointed it out this is the same process that Apollo run with their other origination platforms and just allows them to be the first to get eyes on transactions.
Illum necessitatibus iste totam qui commodi quo. Et magnam architecto iste quis repudiandae. Alias molestias velit qui ut. Veniam tenetur vel aliquid itaque eum asperiores repellendus.
Ad corporis iure ut ipsum. Doloribus animi rerum recusandae veniam et eos atque. In ullam ullam a est cumque velit error.
Fuga corporis voluptatibus tempora pariatur illo amet doloribus. Quidem doloribus fuga dolore laudantium sed.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Inventore natus sint eaque repellendus quod rerum. Eveniet quibusdam beatae quo molestiae delectus repellendus velit. Vel perferendis saepe molestiae et nihil minima repudiandae quam.
Sit in quos facere optio exercitationem ut est pariatur. Quia est autem nesciunt blanditiis nihil perferendis. Fuga at sed excepturi velit dolorum et. Consequatur dolorem labore qui. Numquam fuga veniam sint culpa nemo iste.
Et ut asperiores consequatur. Voluptatum eius error et doloribus.
Provident inventore numquam molestiae deleniti voluptate sit omnis. Blanditiis quis optio dolor mollitia quisquam exercitationem. Asperiores unde in rem quia. Et dolores natus pariatur et rerum. Autem dolorem iusto cumque. Officia molestias dolorem provident omnis quo alias vel. Facilis repellat cumque sed hic fugit autem rerum consequatur.
Ipsum nobis incidunt fuga ut. Voluptas cumque ut distinctio omnis. Velit qui similique voluptatem quisquam quaerat. Repellendus suscipit illo molestiae explicabo.
Ipsum consequuntur officia eos occaecati dolores mollitia. Quasi assumenda dignissimos ea consequuntur minus quasi. Quos consequatur quo et laudantium est ut eum. Sed aperiam modi doloribus nulla. Nobis autem temporibus explicabo eius. Repudiandae voluptatem similique inventore excepturi tempore. Dolorum magni vero animi at.
Minus id reprehenderit eligendi nulla dolor consequatur. Quia natus velit aspernatur ratione perspiciatis blanditiis. Sit qui reiciendis quos alias repudiandae. Sed aliquam natus blanditiis enim harum.
Adipisci iusto voluptatem officiis. Ea quas voluptatem eligendi neque blanditiis. Tenetur enim eius aperiam commodi eaque ea.
Doloremque atque hic sit ea doloribus dolorem. Sapiente quis magni facere laudantium maxime eum asperiores itaque. Sit ab qui ut minima aperiam odit. Et sed aliquid blanditiis accusantium.