Apollo Global Management has made its first dedicated hire for its $1bn Singapore private credit strategy, appointing Wei Ming Wong as principal. Wong, formerly of Warburg Pincus, will focus on originating and analyzing deals for companies accessing the fund. This hire supports Apollo's strategy to expand in Asia's private credit market, where demand for non-dilutive financing solutions is growing.

The initiative aligns with Singapore's push to develop its private credit ecosystem, including its $1bn Private Credit Growth Fund supporting high-growth local companies. Singapore has become a focal point for global asset managers entering private credit, following moves by firms like IFM Investors and Sixth Street. Apollo's move highlights continued private equity interest in scaling private credit platforms in Asia, seeking growth opportunities in the expanding financing market.