Latest news with #CeliaYan
Business Times
9 hours ago
- Business
- Business Times
BlackRock, Mubadala unwind partnership for Asia private credit: sources
[HONG KONG] BlackRock and Mubadala Investment have mutually agreed to unwind their Asian private credit partnership that focuses on investments in China and Indonesia due to challenges in sourcing deals, according to people familiar with the matter. Under the partnership, which started in 2023, the Abu Dhabi state-owned investment firm was to match every US dollar that BlackRock agreed to put in, said the people, who requested not to be named because the information is private. The world's largest asset allocators are forging alliances with private credit funds to capitalise on the rapidly expanding US$1.7 trillion private credit market. Mubadala is one of the most active investors in the space, building a portfolio of 73.5 billion dirhams (S$25.5 billion), backed by collaborations with firms including Apollo Global Management, Carlyle Group, and KKR. BlackRock did not respond to a request for comment. Mubadala declined to comment. The partnership has deployed only a limited amount of capital. Originating deals in China is proving difficult given the mid-teens return profile it's targeting, said the people. The head of private credit in Indonesia, Christopher Ganis, left in the early days of the collaboration for sovereign wealth fund Indonesia Investment Authority. That's made it difficult for deal origination in the country, the people added. BlackRock's head of Asia-Pacific private credit, Celia Yan, also left to join Apollo recently, just as the firm is finalising its integration with HPS Investment Partners. BlackRock last year agreed to buy HPS in an all-stock deal valued at about US$12 billion. The transaction is expected to be completed in the middle of this year, pending regulatory approval. The combined platform will expand to a team of 22 private market investment professionals with senior investor additions in Singapore and Sydney, according to an internal memo. BLOOMBERG
Yahoo
2 days ago
- Business
- Yahoo
Apollo Names Celia Yan as Head of Hybrid for Asia Pacific
HONG KONG, June 26, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Celia Yan has joined the firm as a Partner and Head of Hybrid for Asia Pacific. Based in Hong Kong, Yan will lead the expansion of Apollo's hybrid platform across the region, building on the firm's momentum in delivering flexible, tailored capital solutions across private markets. Apollo's hybrid business focuses on delivering creative, partnership-driven 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. Yan brings over 20 years of industry experience and extensive private investment expertise across Asia Pacific, most recently serving as Head of APAC Private Credit at BlackRock. Previously, she held senior investment roles at ADM Capital, National Australia Bank and Equity Trustees Limited (EQT). 'Celia's experience across private markets investing, managing cross-border teams and growing business verticals makes her a key addition as we grow our hybrid business in Asia Pacific,' said Matthew Michelini, Partner and Head of Asia Pacific at Apollo. 'As companies and investors increasingly seek structured and creative solutions, Celia will help us deliver for clients across the region.' Chris Lahoud, Partner at Apollo, said: 'As capital markets evolve, we see an attractive opportunity for hybrid growth in the region, providing partnership-oriented, flexible capital to companies and projects.' 'Apollo's integrated platform and global reach, paired with a strong local presence, position the firm to deliver hybrid capital at scale,' said Celia Yan. 'Across Asia Pacific, businesses and sponsors are looking for non-dilutive, customized solutions that can address real market inefficiencies—and hybrid is increasingly the answer. I'm excited to join the team and help accelerate this strategy across the region.' Yan holds a Bachelor of Commerce from the University of Melbourne and a Master's in Applied Econometrics from Monash University. About Apollo Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit Apollo Contacts Noah GunnGlobal Head of Investor RelationsApollo Global Management, Inc.(212) 822-0540IR@ Joanna RoseGlobal Head of Corporate CommunicationsApollo Global Management, Inc.(212) 822-0491Communications@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
27-03-2025
- Business
- Bloomberg
BlackRock's Head of APAC Private Credit Celia Yan to Leave Firm
BlackRock Inc. 's head of Asia Pacific private credit Celia Yan is leaving the firm, according to an internal memo seen by Bloomberg. Hong Kong-based Yan has decided to pursue an an external opportunity, the internal memo showed. She will remain at the firm through the middle of June, ensuring an orderly transition of her responsibilities, which includes overseeing the firm's integration with HPS Investment Partners, the note showed.
