amended, and Section 21E of the Securities Exchange Act of 1934, as 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. 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. subsidiaries, "Apollo") (NYSE:APO) today announced the expansion of its Give 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. He is an Executive Committee member of the Civil Society Fellowship, a partnership of ADL and the Aspen Institute, designed to empower the next generation of community leaders and problem solvers. She has been a fellow at the Harvard Kennedy Schools Institute of Politics and Harvards Center for Public Leadership. If you're happy with cookies click proceed. He received degrees from both the university and the Wharton School, graduating magna cum laude in 1994. and investments by our funds and litigation risks, among others. He is a member and former chairman of the National Association of Real Estate Investment Trusts. And hes championed essentially the only congressional effort to close this economic divide during Donald Trumps presidency. Mr. Rowan graduated summa cum laude from the University of Pennsylvanias Wharton School of Business with a BS and an MBA in Finance. Today, its in the low 6 percent range. in Economics from the University of Cambridge (Thouron Scholar), and a J.D. Last updated: 21 February 2023 at 5:09pm EST. WebScott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). closely with the founders and the members of the Management Committee to Ms. Richards graduated from Queens University, Ontario, Canada, with a BA in psychology and has obtained certification as a CPA, CMA. When Scott Kleinman joined Apollo Global Management in 1996, the firm founded by Leon Black, Mark Rowan and Josh Harris as a distressed debt specialist Mr. Kleinman received a BA and BS from the University of Pennsylvania and the Wharton School of Business, respectively, graduating magna cum laude, Phi Beta Kappa. In the asset management business, Apollo seeks to provide its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. Mr. Suydam serves on the boards of The Legal Action Center, Environmental Solutions Worldwide, Inc. and New York University School of Law. management across Credit, Private Equity and Real Assets and a deep 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. White: I want to ask you, more broadly, about what role government can play here. Mr. Simon served as an independent director of Apollo Asset Management, Inc.s board of directors from June 2021 through December 2021. Banking division at Smith Barney Inc. Mr. Kleinman serves on the board Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. From 2003 to 2005, Mr. media inquiries regarding Apollo:Rubenstein Associates, Inc. for He also serves as Chairman of the Supervisory Board of Klepierre, a publicly traded Paris-based European leader in shopping malls. this press release and in other filings. But we do have to wrestle with the long-term consequences of mandatory spending that we havent wrestled with before. 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. PD=Previous Day. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. To see how cookies are used, please review our cookie notice. 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. Scotts Opportunity Zones would provide tax incentives for investment in parts of the country that have not seen big gains since the Great Recession ended. Scott attended the College of Charleston and also holds an associate's degree in construction project management. 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. But in order for that to happen, were going to have to do that in a bipartisan fashion or it just will not happen. 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 the Opportunity Zones, the poverty rate is over 30 percent. Mr. Clayton previously served as Non-Executive Chair of the board of directors of AAM, from March 21, 2021 through December 2021, and prior to that time, served as Lead Independent Director of the board of directors of AAM effective March 1, 2021. Apollo Names Two New Co-Heads of its Private Equity Business, This content is from: equity, credit or real estate funds, market conditions, generally, our Mr. Clayton earned a B.S. Mr. Clayton also is a Senior Policy Advisor to Sullivan & Cromwell LLP, and has advisory roles with several private companies and non-profit organizations, including the Board of Trustees of Lehigh University and the Advisory Council of the National Association of Securities Professionals (NASP). Apollo Names Two New Co-Heads of its Private Equity Business He is a member of AHLs executive committee and ISGs executive committee. Scott and Jim are two of the most talented investors and managers in continue to deliver value to investors and drive Apollo forward as one Mr. Rowan is a Co-Founder and CEO of Apollo Global Management, Inc. ACT Capital will work alongside other strategies across Apollos sustainable investing platform toward the $50 billion target. The correlation, of course, is that education and opportunity are like wet and water. on February 29, 2016, as such factors may be updated from time to time Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. Speaking on Thursdays announcement, Apollos chairman and chief executive Leon Blacksaid the new appointments reflect Apollos deep reservoir of proven investment talent and lay the foundation for the firms next generation of leadership., This content is from: Its application is universal. RT=Real-Time, EOD=End of Day, the University of Pennsylvania. within the meaning of Section 27A of the Securities Act of 1933, as 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. Apollo Global Management, LLC (together with its consolidated their distinguished careers, said Mr. Black. Prior to joining Apollo, Mr. Kleinman was a member of the Investment From 2003 to 2005, Mr. Zelter was Chief Investment Officer of Citigroup Alternative Investments, and prior to that he was responsible for Citigroups Global High Yield franchise. forward-looking statements are based on management's beliefs, as well as the industry, and their promotions reflect a natural progression of Apollo also announced that it has hired Dylan Foo, a partner at Australian investment firm AMP Capital, as co-lead of Apollos $2 billion infrastructure business. A.B. http://www.businesswire.com/news/home/20171113005364/en/. 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. Apollo 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. From 2004 through 2008, he was Senior Managing Director of Evercore Partners Inc., a public investment banking advisory firm, where he established and ran the San Francisco office. I think a realistic estimate in the first few years would be about $100 billion. From June 2006 to May 2008, Mr. Ducey served on the board of directors of and as a member of the governance and compensation committee of the board of directors of UAP Holdings Corporation. 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. 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. Alex has been working for the company since he was a teenager, doing construction work during his summers off from school. Form 10-K filed with the Securities and Exchange Commission (the SEC) News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 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. Im sure youre probably hopeful that the tax cuts will pay for themselves long term. He is on the Board of Directors at Athene Holding Ltd., Taminco Global Chemical LLC, Compass Minerals Group, Inc., Apollo Global Management, Inc., Athora Holding Ltd., Constellis Holdings LLC, Verso Paper, Inc. and White Plains Hospital Center. How does it break down between rural and urban? What else can Washington be doing to kind of work with states to address this problem of access to opportunity? 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. Ms. Joyner served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. structure affirms and strengthens the inherent power of our integrated bench of world-class talent that we continue to develop and promote at These statements include, but are not limited to, discussions responsibility for all of Apollos revenue-generating and investing Walter Joseph (Jay) Clayton III serves as non-executive Chair, Chair of the executive committee and a member of the nominating and corporate governance committee of the AGM board of directors. Scott acknowledged in our interview that, contrary to conservative orthodoxy, he does believe that government can play a role in pushing against the economic tendency for investments to cluster in certain areas while leaving others behind. Although management believes that extraordinary job overseeing the growth of our credit business into one Apollo Strategic Growth Capital II (APGB) Postpones Extension Vote. 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 Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating businesses and enterprise solutions across its integrated alternative investment platform. 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. 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. Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating businesses and enterprise solutions across its integrated 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. (AUM) of approximately $242 billion as of September 30, 2017 in Private Theres over a trillion dollars on the sidelines that could be deployed, he told me. QuoteMedia. 15 minutes unless otherwise indicated (view With approximately two million square feet in its inventory, Quattlebaum Development Company currently owns McQueen Park in Jedburg, Cainhoy Park and McCall Center in Charleston, Tri-County Industrial Park in Summerville and Florence Industrial Park in Florence. Thats one of the fictional stories that you can find out there. Mr. Clayton served as Chair of the SEC from May 2017 through December 2020. 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. He served on the board of Fenner, PLC from January 2017 to June 2018 and served on the Audit, Governance and Remunerations Committees. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. A poor education system or a failing school typically leads to higher unemployment. WebScott Kleinman joined Apollo Global Management, in 1996 and is currently the Co-President. record. And some progressives worry that programs like Scotts can turn into boondoggles that give tax breaks to wealthy investors without doing much for the places theyre supposed to help. Ms. Joyner is a founding partner of Avid Partners LLC, a strategic marketing consulting firm. Lynn Swann serves as an independent director and a member of the compensation committee of our board of directors. We believe ACT Capital is well-positioned to address the significant gaps that exist in the capital markets for climate and transition financing. Vectra Co. From May 2006 to July 2016, Mr. Ducey was a member of the board of directors of Verso Paper Holdings, Inc. and served as Chairman of the audit committee. Alex Quattlebaum, Jr., CEO of Quattlebaum Development Company, was born with engineering in his blood. Ive been on a national opportunity tour. From July 2010 to May 2011, Mr. Ducey was a member of the board of directors and served on the audit committee of Smurfit-Stone Container Corporation. You can actually reduce our long-term exposure without touching current beneficiaries, or, frankly, people within a 10-year window of receiving their benefits from an entitlement perspective of Medicare and Social Security. 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). and M.A. And the real question is, how do we break that cycle? committees in their respective areas of focus. businesses, and Mr. Zelter will focus on Apollos credit and yield Q&A: Siemens CEO sees a skills gap in the U.S. Is our education system the right fit for American workers. About | QDevCo Quattlebaum Development Company is a third generation family-owned and operated real estate development company in Charleston, S.C., specializing in industrial sites. As Co-President, he co-leads AAMs day-to-day operations Mr. net income and cash flow, our use of leverage to finance our businesses Apollo., Mr. Harris said, Scott has been with Apollo for more than two decades, This site uses cookies. . Market Data powered by Scott Kleinman - Co-Preside.. - Apollo Global Management Wassenaar joined Apollo as a partner in August of last year, while Strong has been at the firm since 2012. They both will continue to serve on the investment The unseen reason working-class students drop out. 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. When he isn't doing business across the globe, he keeps himself busy with an assortment of hobbies. 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. Prior to joining the SEC, Mr. Clayton was a partner at Sullivan & Cromwell LLP, where he was a member of the firms Management Committee and co-head of the firms corporate practice. Mr. Kleinman is Co-President of Apollo Global Management, Inc. since January 2018, with responsibility for all of Apollos revenue-generating and investing business across its integrated alternative investment platform. Investments, and prior to that he was responsible for the firms Global Mr. Simon is currently Chairman of the Board, CEO and President of Simon Property Group. Data delayed Republican Tim Scott Will Challenge Trump in May for the 2024 WebMr. Terms of Use. Over the last 12 years, insiders at Apollo Global Management Inc have traded over $788,563,094 worth of Apollo Global Management Inc stock and bought 17,338,191 units worth $468,582,107 What type of business do you see taking advantage of this Opportunity Zone? Michael Ducey serves as an independent director and a member of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. And frankly, obviously, it leads to lower net worth. required by applicable law. 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. Communicationsgstein@apollolp.comorNoah 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. 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. An avid musician, Scott also enjoys racing vintage racecars, hunting and in his spare time as well as golf and fencing. 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: So weve cut taxes, but we always have believed in the Laffer Curve or the inverse relationship. Apollo In its early days, the company focused on general construction throughout the area, building roads and homes. Apollo is a high-growth, global alternative asset manager. 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. Mr. Ducey also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. Pauline Richards serves as an independent director and Chair of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. Mr. Ducey graduated from Otterbein University with a degree in Economics and an M.B.A. in finance from the University of Dayton. Scott M. Kleinman serves as Co-President of the Company.
