Caldwell Recruits Senior Partner for Apollo Global Management

June 16, 2021 – Caldwell recently assisted Apollo Global Management in the recruitment of Craig Farr as a senior partner to lead capital solutions activities for the firm. Paul Heller, managing partner of Caldwell’s global financial services practice, led the assignment along with consultant Cristina Toohey.

In this newly created position, Mr. Farr will spearhead Apollo’s centralized origination, structuring and distribution platform, reporting directly to Apollo co-presidents, Scott Kleinman and Jim Zelter.

“The origination, structuring and distribution of less liquid investment opportunities across our broad platform is a key strategic priority for Apollo in order to generate significant value for our insurance clients and limited partners,” said Mr. Kleinman and Mr. Zelter. “We are thrilled to welcome a respected leader and accomplished business-builder of Craig’s caliber to the Apollo family. Apollo believes that we will continue to see significant acceleration of the market opportunity, and we look forward to working closely with Craig and are confident that the business will continue to scale and grow rapidly under his leadership.”


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Mr. Farr will lead Apollo’s continued expansion in front-end origination, structuring and distribution to ensure that Apollo’s broad capital base is being effectively delivered to borrowers in a solutions-oriented manner. “With Mr. Farr’s leadership alongside Apollo senior partner Howard Widra and MidCap Financial, Apollo’s market-leading middle market lending platform, Apollo will continue to provide borrowers with flexible capital structure solutions to meet any financing need,” the company said.

Mr. Farr most recently served as a senior advisor to Carlyle from 2017 to 2019, where he was focused on growing the credit business and expanding into capital markets. He previously was head of credit and capital markets at KKR, where he drove the build-out of its structuring, capital markets advisory, distribution and credit origination franchises. Prior to KKR, he spent 12 years at Citigroup Global Markets Inc. where he was a managing director and served as co-head of North American equity capital markets.

Related: Caldwell Places Chief Marketing Officer for VC-Backed Imply

Apollo has built and currently manages one of the largest, global alternative investment platforms, with approximately $461 billion of assets under management as of March 31. As yields in traditional liquid investment strategies remain compressed, Apollo is focused on originating and structuring higher spread private assets through its vast front-end origination platform to deliver excess return for all clients across asset classes, geographies and the risk-return spectrum.

Recruiting Financial Services Leaders

Caldwell’s global financial services practice serves clients in the areas of investment banking and capital markets, asset and wealth management, alternative investments, insurance, consumer financial services and real estate, as well as all shared services and functional capabilities across the financial services sector.

Mr. Heller leads Caldwell’s financial services practice. With more than 25 years of experience in executive search, he has completed several hundred searches in the global financial services industry across numerous markets and geographies. With deep experience in alternative and traditional asset management, global banking and capital markets, he brings broad strategic expertise to his clients.

Over his career, he has completed searches across the “front office” in areas such as banking, global credit, FICC and equities, as well as on the buy-side in public and private credit, fixed income and equities.

“Under Paul’s leadership, our financial services practice has seen significant growth, geographic expansion, and given the recent addition of new areas of development and focus, we are now at the point in our evolution where we require additional breadth and depth of leadership to best serve our clients’ needs and requirements,” said John Wallace, chief executive officer of Caldwell.

Ms. Toohey is a consultant within the financial services practice at Caldwell. Based in New York, she has over 10 years of experience leading search projects and working with  client companies in asset management, alternative investments, insurance, global banking and markets, and professional services. While partnering with a  number of the practice’s key strategic clients, Ms. Toohey has completed a wide breath of projects within, global investments, corporate strategy and business management, financial, operating and risk officers, banking, and sales and trading.

Related: Caldwell to Trade on the OTCQX Best Market

Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media

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