BlackRock’s APAC Private Credit Head Yan to Join Apollo (1)

BlackRock Inc.’s head of Asia Pacific private credit Celia Yan is leaving the firm for Apollo Global Management, according to people familiar with the matter.

Hong Kong-based Yan will join Apollo as partner at the end of June, where she will lead the firm’s hybrid efforts in Asia Pacific, said the people, who asked not to be named discussing private matters.

Apollo’s hybrid business offers debt and structured equity capital to firms that want to transform their businesses without giving up control. These products have a shorter hold period than private equity, but a longer than private credit. ...