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Management Team

Portfolio Managers

The portfolio managers listed below have primary responsibility for the day-to-day implementation of the investment strategy for the Apollo Senior Floating Rate Fund and the Apollo Tactical Income Fund.

Joseph Moroney, CFA

Mr. Moroney is the Adviser’s head of the U.S. performing credit business and serves as the senior portfolio manager for the Apollo Senior Floating Rate Fund and the Apollo Tactical Income Fund. Mr. Moroney joined Apollo in 2008. Prior to that time, Mr. Moroney was with Aladdin Capital Management where he most recently served as the Senior Managing Director and Senior Portfolio Manager in the Leveraged Loan Group. Mr. Moroney’s career spans 19 years, focused in financial advisory and investment management, with experience at various leading financial services firms including Merrill Lynch Investment Managers. Mr. Moroney graduated from Rutgers University with a BS in Ceramic Engineering, and he holds the Chartered Financial Analyst designation.

Bret Leas

Mr. Leas is the co-head of the Adviser's structure credit business and serves as a portfolio manager of the Apollo Senior Floating Rate Fund and the Apollo Tactical Income Fund. Prior to joining Apollo in 2009, Mr. Leas was a Director at Barclays Capital where he served in a variety of different roles, most recently as a member of the Credit Structuring Group. From 2000 to 2004 he was an attorney at Weil, Gotshal & Manges LLP in the Structured Finance/Derivatives Group, primarily focusing on asset-backed securities, CDOs and credit derivatives. Mr. Leas graduated cum laude from the University of Maryland with a BA in History and received his JD, cum laude, from Georgetown University Law Center.

Greg Obenshain, CFA

Mr. Obenshain joined Apollo in 2012 and serves as a portfolio manager of the Apollo Tactical Income Fund. Prior to joining Apollo, Mr. Obenshain was a member of the investment team at Stone Tower Capital responsible for managing high yield bond managed accounts and analyzing and monitoring investments in the energy, utilities and mining sectors. Previously, Mr. Obenshain was a member of the Energy Financial Services group at GE Capital Corporation where he was responsible for evaluating leveraged loan investments in the energy space. Prior thereto, he worked at Braun Consulting as a management consultant. Mr. Obenshain graduated cum laude from Dartmouth College with an A.B. in History and graduated Beta Gamma Sigma from The Kellogg Graduate School of Management with concentrations in Analytical Finance and Marketing. Mr. Obenshain holds the Chartered Financial Analyst designation.

Alexander B. Wright

Mr. Wright joined Apollo in 2011 and serves as a portfolio manager of the Apollo Senior Floating Rate Fund and the Apollo Tactical Income Fund. Prior to joining Apollo, Mr. Wright was with GSC Group where he served in a variety of different roles, most recently as the Chief Administrative Officer and Chief Financial Officer. Prior to these executive roles he was the head of the US Corporate Debt business. From 2003 to 2007, Mr. Wright served as head of origination for the U.S. Corporate Debt business. Prior to that, Mr. Wright was with IBJ Whitehall Bank & Trust Corporation and Chemical Banking Corporation. Mr. Wright graduated from Rutgers College with a BA degree in Political Science and a minor in Economics, and from Fordham University with an MBA degree.

Senior Managers

In implementing the investment strategy of the Apollo Senior Floating Rate Fund and the Apollo Tactical Income Fund, the Portfolio Managers have access to the experience and expertise of Mr. Anthony M. Civale and Mr. James Zelter. Messrs. Civale and Zelter are senior executives in the Apollo organization and are primarily responsible for the development and growth of the organization’s loan business. Messrs. Civale and Zelter continue to oversee and operate the loan business for various Apollo sponsored entities and are active in other business operations, but do not have primary responsibility for the Fund’s day-to-day investment activities.

Anthony M. Civale

Mr. Civale, who is Lead Partner and Chief Operating Officer of Apollo Capital Markets, joined Apollo in 1999. Mr. Civale serves on the boards of directors of Berry Plastics Corporation and Harrah's Entertainment, Inc., and he has previously served on the boards of directors of Breuners Home Furnishing Corp., Goodman Global, Inc. and Prestige Cruises.  Mr. Civale also serves on the board of directors of Youth INC and is a member of the Board of Trustees of Middlebury College.  In addition to his responsibilities in Apollo's private equity business, Mr. Civale co-manages Apollo's senior loan business and also has responsibilities with respect to corporate development for Apollo Global Management, LLC.  Prior to joining Apollo, Mr. Civale was employed by Deutsche Bank Securities and Bankers Trust Company in their Financial Sponsors Group within the Corporate Finance Division. Mr. Civale graduated from Middlebury College with a BA in Political Science

James Zelter

Mr. Zelter is Managing Partner of Apollo Capital Management and is Co-head of AGM’s loan business, which includes the Adviser. Mr. Zelter joined Apollo Management, L.P. in 2006. Mr. Zelter is the Managing Director of Apollo’s capital markets business, Chief Executive Officer and director of Apollo Investment Corporation, and director of AP Investment Europe Limited. Prior to joining Apollo, Mr. Zelter was with Citigroup Inc. and its predecessor companies from 1994 to 2006. From 2003 to 2005, Mr. Zelter was Chief Investment Officer of Citigroup Alternative Investments, and prior to that he was responsible for the firm’s Global High Yield franchise. Prior to joining Citigroup in 1994, Mr. Zelter was a High Yield Trader at Goldman Sachs & Co. Mr. Zelter is a board member of DUMAC, the investment management company that oversees the Duke Endowment and Duke Foundation. Mr. Zelter has a degree in Economics from Duke University.

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