Apollo’s Kosters Exits to Start New Credit Secondaries Fund

Apollo Global Management Inc. Managing Director Olga Kosters, who co-managed the firm’s private credit secondaries effort, has left the firm, according to people with knowledge of the matter.

Kosters, who is based in New York, plans to start a new fund focused on trading private credit stakes, a burgeoning business on Wall Street, said one of the people, who requested anonymity to discuss confidential information.

An Apollo spokesperson and Kosters both declined to comment.

Apollo’s private credit secondaries effort is managed by Michael Maechling, who joined earlier this year and reports to Steve Lessar, Veena Isaac and ...