US-based alternative asset manager Apollo has hired Celia Yan, former head of APAC private credit at BlackRock, as a partner and head of its hybrid strategy for Asia Pacific, according to a press statement.
Yan will lead the expansion of Apollo’s hybrid platform across the region. The strategy provides tailored capital solutions that sit between traditional debt and equity.
“We provide solutions that help companies fund growth initiatives, generate liquidity, and deleverage balance sheets, among other bespoke applications. In this newly created role, Yan will drive origination, execution and growth for Apollo’s hybrid strategies in Asia Pacific,” Apollo said.
Chris Lahoud, Partner at Apollo, added: “As capital markets evolve, we see an attractive opportunity for hybrid growth in the region, providing partnership-oriented, flexible capital to companies and projects.”
Before BlackRock, Yan held senior investment roles at ADM Capital, National Australia Bank, and Equity Trustees Limited.
Apollo was seeking at least $6 billion for its third hybrid value fund, per a Bloomberg report last year. Its predecessor fund was closed at $4.6 billion, and the first vehicle raised $3.25 billion.
The firm’s hybrid investments in Asia include India’s JSW Cement and Singapore-based K12 education network Global Schools Group.
As of March 31, 2025, Apollo had approximately $785 billion of assets under management.
