For more than three decades, Apollos investing expertise across its fully integrated platform has served the financial return needs of its clients and provided businesses with innovative capital solutions for growth. Apollo Global Management Inc. has promoted two longtime partners to lead its private-equity business, which has $77 billion in assets. The strategy launches with $4 billion in deployable capital from Apollo affiliates and strategic partners and will enable investment into a diversified global portfolio of yield and hybrid investments.1, Last year, Apollo launched its Sustainable Investing platform, which targets deploying $50 billion in clean energy and climate capital by 2027 and sees the opportunity to deploy more than $100 billion by 2030. And the real question is, how do we break that cycle? As long as there is need, I think the Opportunity Zone legislation provides an answer for those areas. Mr. Krongard also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. Data delayed But how much do you worry now about that growing deficit and the debt on economic growth and interest rates going forward? Alex, who has traveled, worked and lived across the world, made his first entry on the international scene as one of the original 35 members of the Peace Corps in 1961. Mr. Swann received a Bachelor of Arts from the University of Southern California. The company has approximately two million square feet in its current inventory across five properties, all located in Foreign Trade Zones and in the Southeast. uncertainties and assumptions, including risks relating to our Kappa. Mr. Ducey joined Ciner Resources Corporation (formerly OCI Resources LP) as an independent member of the board of directors in September 2014, where he serves on the audit committee and the conflicts committee. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at businesses, and Mr. Zelter will focus on Apollos credit and yield At Quattlebaum Development Company, integrity is paramount and is evidenced through the company's repeat customers, who range from first-time business owners to billion-dollar companies, like Caterpillar and Corning, Inc. Mr. Clayton also participated on the Board of the International Organization of Securities Commissions. Notably, she became president and CEO of National Financial Partners (NFP), a leading provider of benefits, insurance and asset management services, in 1999 and Chairman of the companys Board in 2003, and took the company public later that year. The most active insiders traders include Marc J Rowan, Leon D Black, and Joshua Harris. Ms. Bibliowicz is a successful entrepreneur and organizational leader within financial services with more than 30 years of experience with public and private companies. A poor education system or a failing school typically leads to higher unemployment. Through Athene, Apollos retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating Distribution and use of this material are governed by These statements include, but are not limited to, discussions There are 17 older and 2 younger executives at Apollo Global Management Inc. Ben White: I wanted to start with a kind of existential question. As an example, 10 years ago, the African American unemployment was about 12 or 13 percent. Copyright 2023 The Trilateral Commission | All rights reserved. amended, and Section 21E of the Securities Exchange Act of 1934, as Ms. Bibliowicz also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. Mr. Swann has served as director of Athene Holding Ltd. since September 2020. [II Deep Dive:Apollos Josh Harris Talks Private Markets at Delivering Alpha]. offer of any Apollo fund. Parker eventually enlisted Scott in his effort to get the Opportunity Zones into legislation. This press release contains forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Prior to joining Citigroup in 1994, Mr. Zelter was You can see the complete history of Mr. Kleinman stock trades at the bottom of the page. Let me give you just two real-world examples. Prior to departing Barclays Capital, Mr. Kelly served as Managing Director, CFO of the Americas, and Global Head of Financial Control for their Corporate and Investment Bank. As Co-President, he co-leads AAMs day-to-day operations including all of its revenue-generating businesses and enterprise solutions across its integrated alternative investment platform. more information about Apollo, please visit www.agm.com. Ms. Richards was also a member of the conflicts committee of AAMs board of directors from October 2020 through December 2021. He began his career in financial services at Chemical Bank and then Morgan, Grenfell & Co. Apollo is a leading global alternative investment manager with offices to have been correct. He also previously worked on-air as a host, reporter and analyst for the American Broadcast Company (ABC-TV) for nearly 30 years and served as chairman of the national board of Big Brothers Big Sisters of America. Given the approximately $4.5 trillion in investments needed annually to achieve the global energy transition by 2050, ACT Capital seeks to accelerate the pace of climate and transition capital deployment.3 ACT Capital will leverage the breadth of Apollos sourcing capabilities across market cycles to target global opportunities in energy transition, industrial decarbonization, sustainable mobility, sustainable resource use, and sustainable real estate. WebScott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). As Co-President, he co-leads AAMs day-to-day operations business, its liquidity and capital resources and the other Jim joined Apollo more than a decade ago, and he has done an non-historical statements in the discussion and analysis. In that time, Ms. Joyner has served as chair of First Republic Banks investment and compensation committee, and as a member of its governance committee. As of December 31, 2022, Apollo had approximately $548 billion of assets under management. Senator Toomey represented Pennsylvania in the U.S. Senate from 2011 to 2023, serving on the Senate Banking, Housing, and Urban Affairs; Budget; and Finance Committees, as well as the Joint Economic Committee and the Joint Select Committee on Deficit Reduction. identify forward-looking statements. He is a member of AHLs executive committee and ISGs executive committee. Theres over a trillion dollars on the sidelines that could be deployed, he told me. 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In 1947, Alex Quattlebaum, Sr., went into business with Harllee, renaming the company Harllee-Quattlebaum, Inc., where they continued to build homes, including several thousand at Camp Lajeune in North Carolina. What else can Washington be doing to kind of work with states to address this problem of access to opportunity? Earlier in her career, Ms. Bibliowicz held senior management positions at Prudential Mutual Funds and Smith Barney Mutual Funds. Today, its in the low 6 percent range. Form 10-K filed with the Securities and Exchange Commission (the SEC) Previously, she held senior positions at Bowman Capital Management LLC and Capital Guardian Trust Company. These The unseen reason working-class students drop out. Market Data powered by Mr. Swann is president of Swann, Inc., a marketing and consulting firm he founded in 1976. The largest trade he's ever made was exercising 750,000 units of Apollo Global Management Inc stock on 5 September 2019 worth over $42,157,500. Mr. Kleinman was previously employed as a Founder by Kleinman Center for Energy Policy, a Member-Supervisory Board by LyondellBasell Industries NV, a Chairman by Verso Corp., a Partner by Apollo Management LP, a Principal by Smith Barney, Inc., and an Independent Director by CH2M HILL Cos. Ltd. He has consulted on development projects and the creation of Foreign Trade Zones for different governments and organizations that include the World Bank; the CIA; the Free Zone division of the Services Group in Washington, D.C. (of which he was a founding board member); the U.S. Agency for International Development (USAID); United Nations Educational, Scientific and Cultural Organization (UNESCO) and more. Between the trio, they bring some 60 years of experience working in industrial development both locally and across the world and offer a tremendous knowledge of the people, laws, land and business of South Carolina. Meisan Tameike Bldg. For Ms. Joyner holds a BA from Dartmouth College, an MBA from Harvard University and an Honorary Degree from Dartmouth College. 1 This figure reflects a combination of equity commitments and anticipated pro forma leverage.2 Reflects (a) for equity investments: (i) total enterprise value at time of signed commitment for initial equity commitments; (ii) additional capital contributions from Apollo funds and co-invest vehicles for follow-on equity investments; and (iii) contractual commitments of Apollo funds and co-invest vehicles at the time of initial commitment for preferred equity investments; (b) for debt investments: (i) purchase price on the settlement date for private non-traded debt; (ii) increases in maximum exposure on a period-over-period basis for publicly-traded debt; (iii) total capital organized on the settlement date for syndicated debt; and (iv) contractual commitments of Apollo funds and co-invest vehicles as of the closing date for real estate debt; (c) for SPACs, the total sponsor equity and capital organized as of the respective announcement dates; (d) for platform acquisitions, the purchase price on the signed commitment date; and (e) for platform originations, the gross origination value on the origination date.3 Midpoint of low-end and high-end estimated energy and infrastructure spend required to achieve net zero over the next 30 years per BloombergNEF, July 2021. And so you could see the development of a support company for the Boeing Corporation here in North Charleston, whether its providing paint for the planes, or rubber for the wheels, or any other aspect of the engineering for the planes, theres a ton of opportunities out there that you could see. He serves on the board of directors of Apollo Global Management Inc., Athene Holding Ltd. and Athora Holding Ltd, and certain other affiliated public vehicles. From September 2009 to December 2012, Mr. Ducey was the non-executive Chairman of TPC Group, Inc. and served on the audit committee and the environmental health and safety committee. Assets ($13 billion of AUM) funds invested across a core group of nine Mr. Clayton earned a B.S. committees in their respective areas of focus. QuoteMedia. Our economy is absolutely moving in the direction of people deciding the quality of life they want, the location they want. Mr. Kelly joined Apollo in 2012 and serves as Chief Financial Officer of Apollo Global Management, Inc. Mr. Kelly also served as Chief Financial Officer of Apollo Asset Management, Inc. from September 2012 through February 2022 and Co-Chief Operating Officer of Apollo Asset Management, Inc. from January 2019 through December 2021. Ms. Bibliowicz has served on the Board of Fellows of Weill Cornell Medicine for more than 15 years and is currently Chair and also serves on the Board of Trustees of Cornell University and the Board of Trustees of New York-Presbyterian. Scott: Ben, thats a great question. Prior to joining Apollo in 2006, Mr. Zelter was with Citigroup Inc.and The following transcript has been condensed and lightly edited for clarity. Scott: We could spend a long time talking about education because I think it really is the forerunner to opportunity. A.B. Richard Emerson serves as an independent director and a member of the compensation committee of our board of directors. Hes now working to bring more investment to disadvantaged communities through Opportunity Zones, a new program enacted as part of the 2017 Republican tax cut package. With nearly 80 years of experience in the construction business and 30 years specifically as Charleston's leading industrial developer, the company offers clients an unparalleled depth of knowledge of the businesses, people, laws and land of this region. in Economics from the University of Cambridge (Thouron Scholar), and a J.D. I think a realistic estimate in the first few years would be about $100 billion. This copy is for your personal, non-commercial use only. reasonable, it can give no assurance that these expectations will prove their distinguished careers, said Mr. Black. 7F, 1-1-12 Akasaka, Minato-ku, Tokyo, Co-President, Apollo Global Management, New York, Task Force on Global Capitalism in Transition. of directors of Constellis Holdings, CH2M Hill Companies, Ltd., Hexion Prior to Lazard, Mr. Emerson held senior roles with The Blackstone Group and Morgan Stanley & Co. Mr. Emerson has a BA and MA in Economics and a JD from Stanford University, and an MBA from Dartmouth College. But we do have to wrestle with the long-term consequences of mandatory spending that we havent wrestled with before. Prior to joining Compass Minerals International, Inc., Mr. Ducey worked for nearly 30 years at Borden Chemical, Inc., in various management, sales, marketing, planning and commercial development positions, and ultimately as President, Chief Executive Officer and Director. So while were going to continue to celebrate our success as a manufacturing headquarters, we are, at some point in the future, going to become what we call the Silicon Harbor in Charleston, in the upstate. our Subscriber Agreement and by copyright law. She is a member of the Board of Prudential Insurance Funds and previously served on the Board of Directors for Sothebys until it went private in 2019. WebScott Kleinman Co-President, Apollo Global Management Scott Kleinman (C94, W94), along with his wife Wendy Kleinman, established the Kleinman Center with a generous $10 million gift to the Stuart Weitzman School of Design. The appointments of Mr. Kleinman and Mr. Zelter to the newly created If you agree to our use of cookies, please continue to use our site. Scott began his career with the company as a teenager by working summers in construction. Apollos patient, creative, and knowledgeable approach to investing aligns its clients, businesses it invests in, its team members, and the communities it impacts, to expand opportunity and achieve positive outcomes. He is a member of the Carolina Yacht Club, the Country Club of Charleston, and the St. Andrews Society. Apollos revenue-generating and investing businesses, and working In their new capacities, Mr. Kleinman and Mr. Zelter will have full Apollo Strategic Growth Capital II (APGB) Postpones Extension Vote. ACT Capital will work alongside other strategies across Apollos sustainable investing platform toward the $50 billion target. Scott Kleinman is Co-President of Apollo, sharing responsibility for all of Apollos revenue-generating and investing business across its integrated alternative Foundation.Mr. Zelter has a degree in Economics from Duke University. I look at it from a common-sense perspective and I ask myself, Is there a way for me to positively impact the lives of 50 million Americans by providing an incentive to unlock investments for those areas? And from my perspective, this is a free-market approach to doing so. She continued to serve in both roles until NFP was acquired in 2013. Apollo Co-President Scott Kleinman said: We believe ACT Capital is a premier financing solution for companies around the globe who require significant, flexible capital to support their energy transition efforts. And in the next couple of years, $100 billion or more. delay times for all exchanges). Kohl's promo code: 30% Off for Kohl's Rewards Members, Save up to $15 with TurboTax coupon April 2023, Epic Bundle - 3x Expert Stock Recommendations, 15% Off DIY Online Tax Filing Services | H&R Block Coupon Code. In their new roles, Nord and Sambur will continue to report to Kleinman, who had served as the lead partner for private equity since 2009. The estimated Net Worth of Scott Kleinman is at least $114 Million dollars as of 19 February 2021. Mr. Kleinman is also a member of the board of directors and the executive committee of the board of directors of Apollo Global Management, Inc. Mr. Kleinman joined Apollo six years after its inception in 1996, and was named Lead Partner for Private Equity in 2009 prior to being named Co-President in 2018. and investments by our funds and litigation risks, among others. Mr. Beilinson currently serves on the boards of directors of Exela Technologies and Playtika, as well as several privately held companies. He is a member of the Duke University Board of Trustees and a board member of DUMAC, Inc., the investment management company that oversees the Duke University endowment. Q&A: Siemens CEO sees a skills gap in the U.S. Is our education system the right fit for American workers. Ms. Hormozi was Executive Vice President and General Counsel of Revlon, Inc. from April 2015 to July 2019, where she was responsible for overseeing Revlons legal affairs worldwide. its predecessor companies from 1994 to 2006. Previously, Mr. Simon was Vice President of Wasserstein Perella & Company from 1988 to 1990, and an Associate at First Boston Corp. from 1985 to 1988. Mr. Simon is currently Chairman of the Board, CEO and President of Simon Property Group. They are very difficult to separate. When that happens, you see the most even spread of our resources. Ms. Richards also serves as a member of the Audit and Governance Committees of the board of directors of Wyndham Hotels and Resorts. In addition, he makes $18,615,200 as Co-President at Apollo Global Management Inc. Scott has made over 6 trades of the Apollo Global Management Inc stock since 2019, according to the Form 4 filled with the SEC. WebMr. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. on February 29, 2016, as such factors may be updated from time to time media inquiries regarding Apollo:Rubenstein Associates, Inc. for strategic leadership and investment committee decision-making. White: OK. And then when were talking about these Opportunity Zones, I think you referenced a number, 50 million, as in the number of people that could be impacted by this. About 70maybe its 67 percent67 percent of the budget is on automatic increase because those are our mandatory spending programs. from the University of Maryland School of Law, where he also graduated with honors. a member of Apollos Management Committee, and Chief Executive Officer He also enjoys hunting, fishing, collecting antique wooden boats, anything that involves being on the water and good wine. and he has played a critical role in driving the growth of our private Scott spoke to POLITICO from his office in North Charleston, S.C. The oldest executive at Apollo Global Management Inc is AlvinKrongard, 83, who is the Independent Director. delay times for all exchanges). Mr. Beilinson has previously served on the boards of directors and audit committees of a number of public and privately held companies, including Westinghouse Electric, Caesars Acquisition Company, Wyndham International, Inc., Apollo Commercial Real Estate Finance, Inc., Innkeepers USA Trust and Gastar Inc. Mr. Beilinson has a Bachelor of Arts in political science from the University of California, Los Angeles and a Juris Doctor from the University of California Davis Law School. Equity ($70 billion of AUM), Credit ($158 billion of AUM) and Real Mr. Kleinman currently serves on the board of directors of Athene Holding Ltd., Athora Holding, Ltd., Apollo Strategic Growth Capital I and Apollo Strategic Growth Capital II and previously served on the board of directors of CH2M Hill Companies. http://www.businesswire.com/news/home/20171113005364/en/. Zelter was Chief Investment Officer of Citigroup Alternative Prior to joining Lehman Brothers in 2000, Mr. Kelly spent 13 years with PricewaterhouseCoopers LLP, including serving in the Financial Services Group in New York from 1994 to 2000. As Co-President, he co-leads AAMs day-to-day operations including all of its revenue-generating businesses and enterprise solutions across its integrated alternative investment platform. WebScott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating businesses and In addition to his extensive executive and board experience, Mr. Swann played nine seasons for the Pittsburgh Steelers and was elected to the Pro Football Hall of Fame in 2001. publicly update or review any forward-looking statements, whether as a He participates in six to eight races a year driving vintage racecars as part of the Sportcar Vintage Racing Association, which he founded. from the Indiana University Kelley School of Business and an MBA from Columbia University. From 2001 to 2004, Mr. Krongard served as Executive Director of the Central Intelligence Agency. Apollo Global Management, Inc. 9 West 57th Street New York, NY 10019 December 1, 2021 Personal and Confidential Scott Kleinman [Address on file with the Company] Re: Employment and Compensation Terms Dear Scott: As the Co-President of Apollo Global Management Inc, the total compensation of Scott Kleinman at Apollo Global Management Inc is $18,615,200. I think a realistic estimate in the first few years would be about $100 billion. Apollo undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. Market Data powered by President George W. Bush appointed Mr. Swann as the Chairman of the Presidents Council on Fitness, Sports and Nutrition, where he served from 2002 to 2005. First would be, in South Carolina, we are a transportation-centric state. Another issue, of course, is the connectivity issue. Alex Quattlebaum, Jr., joined the company in 1965, moving from assistant superintendent to eventually president and CEO. from the University of Pennsylvania Law School (cum laude, Order of the Coif). Jim Zelter is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). Apollo Global Management Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. He also chaired the Subcommittee on Financial Institutions and Consumer Protection. Corner Office, This content is from: this press release and in other filings. On average, Apollo Global Management Inc executives and independent directors trade stock every 17 days with the average trade being worth of $20,784,123. required by applicable law. He also serves as Chairman of the Supervisory Board of Klepierre, a publicly traded Paris-based European leader in shopping malls. Ms. Hormozi is also a director of a number of AHLs US subsidiaries. responsibility for all of Apollos revenue-generating and investing in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, Prior to founding AHL and ISG, Mr. Belardi was President of SunAmerica Life Insurance Company and was also Executive Vice President and Chief Investment Officer of AIG Retirement Services, Inc., where he had responsibility for an invested-asset portfolio of $250 billion. When we think of using the tax code to effect economic change and stimulate investment, we tend to think of it as something that Democrats do more than Republicans. But in order for that to happen, were going to have to do that in a bipartisan fashion or it just will not happen. Dr. Healey served as an independent director of AAMs board of directors from March 2021 through December 2021. Mr. Simon served as an independent director of Apollo Asset Management, Inc.s board of directors from June 2021 through December 2021. | Raymond McCrea Jones for POLITICO. Scott M. Kleinman is a Co-President at Apollo Global Management, Inc. /Private Equity/, a Co-President & Director at Apollo Global Management, Inc., an Executive He left the Harllee-Quattlebaum Company in 1986 to pursue development work on his own, but in 1996 took over the company after the death of his uncle, renaming it Quattlebaum Development Company. Less than six months ago, it was under 6 percent. Zelter to serve as Co-Presidents.
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