Apollo's deal-first, 'no walls' playbook for infra investing

In this episode, editor-in-chief Bruno Alves sits down with Olivia Wassenaar, head of Apollo’s infrastructure group.

Apollo has been investing in the asset class for a long time, but it only raised its first infrastructure fund (infrastructureinvestor.com/database/fund-profi…) in 2018. Wassenaar talks us through the evolution of the firm's infrastructure business and its distinctive deal-first philosophy, which enables Apollo to pursue opportunities throughout the asset class and invest flexibly across the capital stack.

We also discuss how Apollo thinks about portfolio construction given its opportunistic approach to investing, its collaborative "no walls" culture, the big themes that are catching its attention in infrastructure, investing in a more volatile world, and much more.