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.