Apollo named Jon Beizer and Josh Brody CEO and president, respectively, of recently established Cadma Capital Partners, a credit financing platform for the venture ecosystem that provides asset-backed financing to venture- and growth-lenders, companies and financial sponsors. The company is backed by Apollo-affiliated entities.
Beizer and Brody both joined Cadma Capital Partners from Western Technology Investment. As CEO and president, they will be responsible for the continued build out of the Cadma franchise. By lending against assets and contracted cash flows, and in consultation with other Apollo related platforms, including ATLAS, Redding Ridge and MidCap, Cadma can help its clients access capital while providing investors downside protected opportunities.
“Jon and Josh are seasoned operators and investors, and we are excited to welcome them to Cadma as we continue to expand our reach in asset-backed credit origination,” John Zito, partner and deputy CIO of credit at Apollo, said. “While we believe there is a vast, long-term market opportunity for secured, structured solutions, we also see an acute need from tech and growth companies for cost-effective capital to fund their growth and operations as the IPO, M&A and public financing markets remain muted. We look forward to continuing to support the growing Cadma team as they execute on near- and long-term business plans.”
“We are honored to join Cadma and excited by the opportunity to lead an entrepreneurial organization with the backing of an industry leader in Apollo,” Beizer and Brody said in a joint statement. “We look forward to leveraging our investment and entrepreneurial experience and network of industry relationships to support Cadma’s continued growth.”
“Since its inception, Cadma has been rapidly expanding by partnering with leading venture and growth lenders and we are pleased to have Jon and Josh on board to help us scale our vision, capitalizing on Apollo’s position in alternative credit and structuring expertise,” Joshua Black, partner and head of growth lending at Apollo, said. “This dedicated platform builds on Apollo’s activity to-date in growth and technology lending, and we look forward to scaling Cadma to service the needs of a wide range of companies with flexible, partner-oriented solutions.”
Beizer was previously an investment partner at Western Technology Investment since 2013. Prior to Western Technology Investment, he was a founding partner of Foghorn Capital, a financial advisory firm, and he has served in executive leadership roles for multiple venture-backed companies.
Brody was an investment partner at Western Technology Investment from 2017 to 2023. Prior to that, Brody was the founder and CEO of Pronoun, a venture-backed digital publishing platform acquired by Macmillan Publishers.