
Michael Paniwozik
Partner and Global Head of Structured Credit Investing at Apollo, responsible for operating and running Apollo's asset-backed investing business and overseeing origination, structuring, and balance-sheet deployment.
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Feb 17, 2026 • 27min
Allocation Insights: Asset-Backed Finance Is the Engine Behind Private Credit’s Next Chapter
Michael Paniwozik, Partner and Global Head of Structured Credit Investing at Apollo, leads the firm’s asset-backed investing efforts. He explains what asset-backed finance is. He highlights the asset types involved. He contrasts asset-backed benefits with corporate credit. He outlines Apollo’s origination and alignment approach and how this strategy complements direct lending.


