scott kleinman apollo

Talking with Secretary Mnuchin and others, they see, on the sidelines, $5 billion to $10 billion initially, looking to be deployed in just a few states. management across Credit, Private Equity and Real Assets and a deep Lynn Swann serves as an independent director and a member of the compensation committee of our board of directors. | Source: What you find is that educational success seems to be still a strong indicator of the evenness of this opportunity in America. Scott: I was at lunch today with some folks and the primary question on their minds was the national debt and how we wrestle with that. WebMr. Banking division at Smith Barney Inc. Mr. Kleinman serves on the board Ive been on a national opportunity tour. So when you take those dots and you connect them back, what do you find? She has also previously served on the board of directors of Revlon. 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. Recent Posts. And as that company grows, you would see how quickly investors might find it attractive not only do you have the tax deferral from your initial tax burden, but as your company starts to grow in that zone, that growth is capital gains tax free during those first 10 years of your growth. 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. global investment platform with $242 billion of total assets under Apollos revenue-generating and investing businesses, and working . Mr. Krongard also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. Alex Quattlebaum, III principal with Quattlebaum Development Company, is responsible for the day-to-day operations of running the business, which he does so alongside his brother Scott. the expectations reflected in these forward looking statements are Wolfgang Porsche announces final term on Volkswagen supervisory board, Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India. As long as there is need, I think the Opportunity Zone legislation provides an answer for those areas. Most recently he sold 200 units of APO stock worth $10,418 on 19 February 2021. School of Business, respectively, graduating magna cum laude, Phi Beta 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. 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. Apollo Meisan Tameike Bldg. Alex Quattlebaum, Jr., joined the company in 1965, moving from assistant superintendent to eventually president and CEO. and director of Apollo Investment Corporation. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Senator Toomey previously served in the U.S. House of Representatives from 1999 to 2005, where he was a member of the House Budget Committee. Just one more thing on the broad macroeconomic level that Im interested in: the federal deficit and the national debt, and the fact that weve seen the numbers go up pretty significantly. Scott spoke to POLITICO from his office in North Charleston, S.C. This founding gift continues to support the center and its broad array of programs. There have been communities that have been mired in poverty for generations. 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. estimate, expect, intend and similar expressions are intended to 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. Apollo believes these factors include but are not limited to those described under the section entitled Risk Factors in Apollo's annual report on Form 10-K filed with the Securities and Exchange Commission (the SEC) on March 1, 2023, as such factors may be updated from time to time in Apollo's periodic filings with the SEC, which are accessible on the SECs website at www.sec.gov. During the early 70s, he was also instrumental in establishing the first Foreign Trade Zone in South Carolina and today owns two such trade zones where many Quattlebaum Development Company properties are located. Scott Kleinman - The Trilateral Commission | Raymond McCrea Jones for POLITICO. Are there other policy levers that we could be pulling? But how much do you worry now about that growing deficit and the debt on economic growth and interest rates going forward? During the 1950s, as many textile mills began to move to the area, the company became one of the first South Carolina design-build firms, designing and building many of these industrial plants. An avid musician, Scott also enjoys racing vintage racecars, hunting and in his spare time as well as golf and fencing. If you agree to our use of cookies, please continue to use our site. Thats one of the fictional stories that you can find out there. Republican Tim Scott Will Challenge Trump in May for the 2024 Mr. View source version on businesswire.com: http://www.businesswire.com/news/home/20171113005364/en/, For investor inquiries regarding Apollo:Apollo Global Management, In addition to these two appointments, Apollo announced the promotions of senior partners Olivia Wassenaar and Geoff Strong to co-leads of the firms natural resources business, which has approximately $5 billion in assets under management. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. It continues to increase. Prior to joining Apollo, Mr. Kleinman was a member of the Investment forward-looking statements are based on management's beliefs, as well as One of the ways that you do that is by making sure that the private sector, the free markets, have the ability to operate fully. He served on the board of Fenner, PLC from January 2017 to June 2018 and served on the Audit, Governance and Remunerations Committees. I think a realistic estimation, in the first few years, would be about $100 billion.. Alex has been working for the company since he was a teenager, doing construction work during his summers off from school. Krongard serves as an independent director and a member of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating Form 10-K filed with the Securities and Exchange Commission (the SEC) 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. structure affirms and strengthens the inherent power of our integrated White: So Im a distributed worker and Im. First would be, in South Carolina, we are a transportation-centric state. Prior to 1998, Mr. Krongard served in various capacities at Alex Brown, Incorporated, including serving as Chief Executive Officer beginning in 1991 and assuming additional duties as Chairman of the board of directors in 1994. There are 1 executives at Apollo Global Management Inc getting paid more, with JamesZelter having the highest compensation of $85,389,504. 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. Apollo So its a phenomenal incentive for people to take a second look at areas that they would not necessarily pay attention to because they would feel like the return is too low, or the risk is too high. In addition to chairing the SEC, he was a member of the Presidents Working Group on Financial Markets, the Financial Stability Oversight Council and the Financial Stability Board. One is the economic pillar. He lives in downtown Charleston with his wife, Marlene, and daughter, Isabel. Harry Lee Harllee, the great uncle of today's company principals, as Harllee Construction Company in Florence, S.C. Ben White: I wanted to start with a kind of existential question. under the section entitled Risk Factors in Apollos annual report on Mr. Krongard served as the Lead Director of Under Armour, Inc. from 2006 to 2020. I am certainly an advocate of the free market, without any question, Scott told me in an interview. and he has played a critical role in driving the growth of our private delay times for all exchanges). their distinguished careers, said Mr. Black. Scott Kleinman: Apollo Global Managements Child Prodigy The new strategy is being launched with $4 billion in capital from Apollo affiliates and strategic partners. This copy is for your personal, non-commercial use only. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in Apollos filings with the SEC. Infrastructure and natural resources are key areas of investment focus for Apollo, and we believe this new leadership structure will best position these businesses for the future, Kleinman and Zelter said. businesses, and Mr. Zelter will focus on Apollos credit and yield Mr. Kleinman will focus on Apollos equity and opportunistic Heinz Company and the Professional Golfers Association (PGA) of America. Scott: Im a young fellow. Most recently, Mr. Beilinson served as Chief Restructuring Officer of Newbury Common Associates LLC (and certain affiliates) from December 2016 to June 2017. Vectra Co. business, its liquidity and capital resources and the other From 2009 to 2017, Mr. Clayton was a Lecturer in Law and Adjunct Professor at the University of Pennsylvania Law School and since July 2021 has been an Adjunct Professor at both the Wharton School and the Carey Law School of the University of Pennsylvania. Donor Carl Goldsmith Wassenaar joined Apollo as a partner in August of last year, while Strong has been at the firm since 2012. On average, Scott trades about 19,608 units every 10 days since 2004. within the meaning of Section 27A of the Securities Act of 1933, as In a paper earlier this year, Adam Looney, senior fellow at the Urban-Brookings Tax Policy Center, said there isnt good evidence that tax incentives actually boost low-income local residents; Empowerment Zones, a previous government effort to boost troubled areas, wound up costing $850 per resident and in the end was limited to just 11 neighborhoods. One of the things that was clear to most of us at the table is that the tax cuts, so far, have actually increased revenues to the federal government, not decreased it. Scott Kleinman, 44, is the Lead Partner for Private Equity and a member of Apollos Management Committee. To see how cookies are used, please review our cookie notice. 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. His father, a well-known philanthropist, was a professor of engineering at Clemson University and eventually opened Harllee Construction Company in 1927 in Florence with his brother. The states that Ive talked to, I would add on top of that number another $10 billion or $15 billion. net income and cash flow, our use of leverage to finance our businesses publicly update or review any forward-looking statements, whether as a She has been a fellow at the Harvard Kennedy Schools Institute of Politics and Harvards Center for Public Leadership. Portfolio. Sen. Tim Scott, a Republican and the first African American to represent South Carolina in the U.S. Senate, outside his childhood home in North Charleston. RT=Real-Time, EOD=End of Day, April 26, 2023 08:00 ET During his service, he was responsible for surveying, as well as design and construction of roadways, bridges and infrastructure in the Southern Province of Tanganyika (now Tanzania). 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. uncertainties and assumptions, including risks relating to our John Suydam joined Apollo in 2006 and serves as our Chief Legal Officer. from the University of Pennsylvania Law School (cum laude, Order of the Coif). Broadband and online services are a prerequisite for success in most of America. Apollo., Mr. Harris said, Scott has been with Apollo for more than two decades, In the Opportunity Zones, the poverty rate is over 30 percent. As an example, 10 years ago, the African American unemployment was about 12 or 13 percent. RT=Real-Time, EOD=End of Day, Mr. Emerson joined Microsoft from investment bank Lazard Ltd., where as a Senior Managing Director, he established and ran the west coast office, and advised clients on industry defining mergers, acquisitions and related financial transactions. There are 17 older and 2 younger executives at Apollo Apollo had assets under management of approximately $433 billion as of September 30, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. They also work with the highest level of integrity, always being true to their word, whatever the result, to provide the best possible service to their clients. Apollo Co-President Scott Kleinman said: We believe ACT Capital is a premier financing solution for companies around the globe who require significant, Scott Kleinman - Apollo Global Management | SuperReturn 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. Apollo https://www.wsj.com/articles/apollo-taps-new-co-heads-of-private-equity-business-11569495601. From 2008 to 2012, Mr. Kelly was with Barclays Capital and, from 2000 to 2008, Mr. Kelly was with Lehman Brothers Holdings Inc. Scott: We could spend a long time talking about education because I think it really is the forerunner to opportunity. Mr. Zelter also serves on the board of directors of the Robert Toigo Foundation, the Partnership for New York City, and The Bridge Golf Foundation, as well as the Board of Fellows of Weill Cornell Medicine. Currently, Mr. Rowan is Chair of the Board of Advisors of The Wharton School and a member of the University of Pennsylvanias Board of Trustees. Mr. Emerson has spent his entire career in investment banking and corporate finance. Upon the merger of Alex Brown, Incorporated with Bankers Trust Corporation in 1997, Mr. Krongard served as Vice-Chairman of the Board of Bankers Trust Corporation and served in such capacity until assuming his position at the Central Intelligence Agency. Alex lives in Charleston with his wife Kimberly and sons Mac and John Henry. 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. Mr. Belardi has a Bachelor of Arts degree in economics from Stanford University and a Master of Business Administration from the University of California, Los Angeles. Ms. Joyner holds a BA from Dartmouth College, an MBA from Harvard University and an Honorary Degree from Dartmouth College. So weve cut taxes, but we always have believed in the Laffer Curve or the inverse relationship. Scott Kleinman - Co-Preside.. - Apollo Global Management Data delayed Mr. Simon is currently Chairman of the Board, CEO and President of Simon Property Group. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Jim joined Apollo more than a decade ago, and he has done an And frankly, theres typically an uneven success trajectory. Alexs family lived throughout the state of South Carolina during his childhood, and he attended college at Clemson University, earning a bachelor's degree in civil engineering. He also serves as Chairman of the Supervisory Board of Klepierre, a publicly traded Paris-based European leader in shopping malls. Ms. Joyner is a founding partner of Avid Partners LLC, a strategic marketing consulting firm. responsibility for all of Apollos revenue-generating and investing bench of world-class talent that we continue to develop and promote at When that happens, you see the most even spread of our resources. How do you approach this as a Republican, when the classic Republican thinking is, Just let the market decide? Scott: Sure. Exactly. White: Lets just explain to people exactly what Opportunity Zones are. So the truth is that well probably see more opportunities in rural America than weve ever seen before, as people have the chance to pick and choose their site and then their jobs. To see how cookies are used, please review our cookie notice. Mr. Ducey graduated from Otterbein University with a degree in Economics and an M.B.A. in finance from the University of Dayton. Scott, for his part, said he thought the program could create enormous investment within just a couple of years. Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. White: Lets pull back the lens a little bit to talk about the broader question of access to opportunity in the United States, and the fact that it is so unevenly distributed through our economy. Mr. Zelter is also a member of the board of directors and the executive committee of the board of directors of Apollo Global Management, Inc. Jessica Bibliowicz serves as an independent director and member of the audit committee of Apollo Asset Management, Inc.s board of directors. Mr. Simon earned a B.S. The estimated Net Worth of Scott Kleinman is at least $114 Million dollars as of 19 February 2021. Kappa. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. result of new information, future developments or otherwise, except as Operating Officer - Credit; Stephanie Drescher, Global Head of Business But we do have to wrestle with the long-term consequences of mandatory spending that we havent wrestled with before. Marc A. Beilinson serves as an independent director and Chairperson of the compensation committee of our board of directors. When used in this press release, the words believe, anticipate, 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 She is a trustee emeritus of Dartmouth College, Chair Emeritus of the Tate Americas Foundation, and a trustee of the Art Institute of Chicago and J. Paul Getty Trust.

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