Apollo names Goldman Sachs’ Kashani its first head of ESG credit

Michael Kashani's hire is the latest in a raft of sustainability efforts by Apollo this year – including raising an impact fund and hiring a chief sustainability officer.

Michael Kashani
Michael Kashani, Apollo

Apollo Global Management has appointed Michael Kashani as its first head of ESG credit. He was previously global head of ESG portfolio management in Goldman Sachs’ fixed-income division.

Kashani will “help accelerate ESG integration across the firm’s credit platform”, Apollo said in a statement. He will be based in New York and will report to Laurie Medley, global head of ESG, and work closely with chief sustainability officer Dave Stangis, a spokesperson told New Private Markets. Stangis was appointed earlier this month.

Apollo is targeting $3 billion for a senior debt origination fund, which launched in April, and is investing its $2.34 billion fourth distressed debt fund, Accord IV, according to affiliate title Private Debt Investor’s database.

The firm is also raising its first impact fund, which has a $1 billion target, led by impact chair Lisa Hall. And co-president Scott Kleinman hinted at an energy transition fund last week.