Apollo's Energy Group?
Anyone know how they compare to others in the space (BX comes to mind as the closest comp) in terms of focus, track record, fundraising etc.? Also is it the classic Apollo culture?
Anyone know how they compare to others in the space (BX comes to mind as the closest comp) in terms of focus, track record, fundraising etc.? Also is it the classic Apollo culture?
+50 | Everyone Seems Perfect in PE | 20 | 2d | |
+30 | What's Next? | 6 | 2h | |
+28 | To all associates coming up on the 2 year mark, how bad is it to have no deals done? | 7 | 1d | |
+27 | Easiest way to make about $2mm/y | 19 | 9h | |
+26 | VP Level - when to follow up after final round | 10 | 14h | |
+22 | What happens if you go for on-cycle and don’t land an offer? | 24 | 2h | |
+17 | Vista Lateral Associate | 4 | 4h | |
+14 | What do you hate the most about second round diligence? | 9 | 3d | |
+14 | EBITDA walkdown to cash flow for debt service | 10 | 4d | |
+13 | IB/PE Lifers, Was It Worth It? | 4 | 7h |
Career Resources
ANRP is the most Apollo group at Apollo
Any insights on peer firms would be appreciated:
KKR Energy Real Assets
Sixth Street (Energy)
BX Sustainable Resources
Morgan Stanley Energy Partners
I’ll caveat this with the fact that my info isn’t what it once was, and the whole energy investing space is going through a pivot so past track record is less meaningful of an indicator than it once was… but:
Apollo Nat Res was a very good shop, some seniors have either left or started to split time with infra, unclear how well they are transitioning (or if they are); you will get worked
KKR Energy had a rough go of it and refocused on “income” i.e. PDP, not clear if this is a zombie or not
Sixth Street and BX Sustainable Resources are good teams, BX particularly has a strong track record (this is the renamed GSO Energy team); will focus on direct lending and mezz, not so much PE
Morgan Stanley Energy Partners - these guys are alive?
Think Apollo is out of new E&P deals. Haven’t seen KKR in PDP deals, but agree that’s most interesting at the moment. MS Energy is still doing stuff, have seen Sixth Street around too.
KKR is alive and well in the PDP space through their play in Crescent Energy, which is functioning as a public and rapidly growing, cross-basin PDP strategy.
Apollo NR - traditionally solid team, but is working through huge strategy pivot, some turnover with senior team but historically well regarded. Had some big blow ups past energy cycle
Sixth Street - interesting mandate solid team, still deploying into E&P. Flexible investing across cap stack (debt and equity), invests out of main TAO fund instead of dedicated energy vehicle. Good place to start career
Blackstone - solid team (ex-GSO). Historically has been active in distressed and special sits place, but is now spending more time in performing credit space in addition to distressed and special situations. Can invest across cap stack (senior secured credits to common equity across public and private markets, but mostly focused on structured equity investing now adays). Mix of credit and structured PE investing
MSEP - performance has been hit or miss, probably the least we’ll regarded of all these strategies.
Kkr - got burned, people switched over to infra side, not really sure what’s going on here tbh
Quae culpa velit incidunt. Quo repellat dolorem ut nulla similique tenetur exercitationem. Repellendus at architecto dolore eligendi et tempore. Incidunt consectetur molestiae ut assumenda dolorem repellat. Id vero laborum consectetur aut omnis eum.
Minima impedit laborum soluta quis quis praesentium saepe. Assumenda cumque adipisci voluptatum iure. Rerum ullam est amet tenetur. Deleniti eligendi ea fugiat qui est qui praesentium. Perferendis quos repudiandae quo reiciendis laboriosam. Blanditiis repellendus quo saepe aperiam distinctio velit accusantium repudiandae.
Quaerat voluptas voluptatem consequatur reiciendis nesciunt. Non sit debitis earum voluptas labore officiis perspiciatis. Magni ut consequatur accusamus sint voluptatem dignissimos qui eos. Cum quia est unde sunt consequatur. Soluta quaerat iste odio accusantium sit eveniet deleniti.
Delectus sed quos rerum voluptate. Fugiat possimus accusantium hic accusantium est. Beatae facere voluptatem qui omnis corporis voluptatem ut. Quas voluptatibus ut repellendus necessitatibus corporis dolorum quis. Illum aut nulla cumque dicta molestias. Et earum autem eos voluptate fuga tenetur. Et consequatur qui nihil qui.
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...