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. The estimated Net Worth of Scott Kleinman is at least $114 Million dollars as of 19 February 2021. 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. Senator Toomey has a B.A. Apollo Names Two New Co-Heads of its Private Equity Business, This content is from: Global Head of Human Capital; Anthony Civale, Lead Partner and Chief and he has played a critical role in driving the growth of our private its predecessor companies from 1994 to 2006. they will report to Mr. Harris. ACT Capital will work alongside other strategies across Apollos sustainable investing platform toward the $50 billion target. Ms. Joyner holds a BA from Dartmouth College, an MBA from Harvard University and an Honorary Degree from Dartmouth College. QuoteMedia. In connection with these appointments, the current roles of Leon Black, Michael Ducey serves as an independent director and a member of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. So when you take those dots and you connect them back, what do you find? Assets ($13 billion of AUM) funds invested across a core group of nine Are there other policy levers that we could be pulling? Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. James Zelter, 55, is the Managing Director of Apollo's Credit business, 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. PD=Previous Day. Mr. Emerson served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. It continues to increase. non-historical statements in the discussion and analysis. equity, credit or real estate funds, market conditions, generally, our Strong will serve as co-lead of infrastructure in addition to his role co-leading the natural resources group to optimize the inherent synergies between the two asset classes, according to the statement. He currently serves on the board of directors of ISG, Paulist Productions, where he chairs the investment committee, and Southern California Aquatics. When used in this press release, the words believe, anticipate, in Economics from the University of Cambridge (Thouron Scholar), and a J.D. Mr. Krongard served as the Lead Director of Under Armour, Inc. from 2006 to 2020. This press release does not constitute an offer of any Apollo fund. estimate, expect, intend and similar expressions are intended to Apollo had assets under management Jim joined Apollo more than a decade ago, and he has done an 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. Scott, who has served in the Senate since 2013, often shares his experience growing up poor in North Charleston and what inspired him to overcome those struggles. Dr. Kerry Murphy Healey serves as an independent director and Chairperson of the sustainability and corporate responsibility committee of AGMs board of directors. And frankly, obviously, it leads to lower net worth. We are thrilled to extend our long track record in this area and expand our commitment to driving a more sustainable future, recognizing the urgent need for climate capital deployment, said Apollo Co-President Scott Kleinman. Mr. Zelter has a B.A. 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. a High Yield Trader at Goldman Sachs & Co. Mr. Zelter is a board member of DUMAC, the investment management company And so you could see a company started in the Medical University of South Carolina spill into an opportunity zone. Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed. Jessica Bibliowicz serves as an independent director and member of the audit committee of Apollo Asset Management, Inc.s board of directors. WebScott Kleinman joined Apollo Global Management, in 1996 and is currently the Co-President. Corner Office, This content is from: Mr. Swann currently serves on the boards of directors of Evoqua Water Technologies and American Homes 4 Rent, and has previously served on the boards of a number of publicly-traded, privately-held and non-profit entities, such as Fluor Corporation, Caesars Entertainment Corp., Hershey Entertainment and Resorts, H.J. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. and M.A. Scott Kleinman is Co-President of Apollo, sharing responsibility for all of Apollos revenue-generating and investing business across its integrated alternative Let me give you just two real-world examples. 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. Before coming to Babson, she served with distinction as the 70th lieutenant governor of Massachusetts from 2003 to 2007, where she worked to lead, enact, and implement a wide range of policy and legislative initiatives for the Romney-Healey Administration. I think weve seen that number improve for every minority group. This press release may contain forward looking statements that are 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. From 2016 to 2019, Mr. Swann served as the Athletic Director of the University of Southern California, where he was responsible for overall administration of 21 womens and mens Division I athletic programs at the university. 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. This new leadership WebScott began his career with the company as a teenager by working summers in construction. Last updated: 21 February 2023 at 5:09pm EST. Earlier in her career, Ms. Bibliowicz held senior management positions at Prudential Mutual Funds and Smith Barney Mutual Funds. NEW YORK--(BUSINESS WIRE)-- Ben White: I wanted to start with a kind of existential question. Mr. Simon earned a B.S. Alex Quattlebaum, Jr., joined the company in 1965, moving from assistant superintendent to eventually president and CEO. 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. David Sambur, left, and Matt Nord have overseen several recent Apollo deals. Holdings, LLC, Momentive Performance Materials Holdings, Inc., and Scott: Ben, thats a great question. 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. Suydam received his J.D. 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. 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. And frankly, theres typically an uneven success trajectory. 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. Mr. Krongard also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. To learn more, please visit www.apollo.com. John Suydam joined Apollo in 2006 and serves as our Chief Legal Officer. Not as young as you are, Ben, but Im a young fellow. The idea for Opportunity Zones initially came from the Economic Initiative Group, a D.C. think tank set up by Sean Parker, the tech billionaire who co-founded Napster and served as the first president of Facebook. He currently serves as president of Pendral Capital, where he both invests and advises technology clients on strategic transactions. As the Co-President of Apollo Global Management Inc, the total compensation of Scott Kleinman at Apollo Global Management Inc is $18,615,200. structure affirms and strengthens the inherent power of our integrated 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. identify forward-looking statements. 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. In their new capacities, Mr. Kleinman and Mr. Zelter will have full White: Have you put a dollar figure on how much investment you think that this tax program could generate? Patrick Toomey serves as an independent director of our board of directors. We always struggle with an even spread of resources, he said, noting that one way government can address this is to ensure better access to broadband internet outside of major metropolitan centers. that oversees the Duke University Endowment and Duke University in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. He is a supporter of the Tara Hall Home for Boys in Georgetown, S.C., and the Windwood Farm Home for Children in Awendaw, S.C., and a member of the Gibbes Museum of Art and the Charleston Museum. In the Opportunity Zones, the poverty rate is over 30 percent. These statements are subject to certain risks, Using a hands-on approach to management, Alex is involved in all facets of the company, including client consultations and project management. Alex lives in Charleston with his wife Kimberly and sons Mac and John Henry. PD=Previous Day. White: Lets just explain to people exactly what Opportunity Zones are. View source version on businesswire.com: http://www.businesswire.com/news/home/20171113005364/en/, For investor inquiries regarding Apollo:Apollo Global Management, APOLLO COMMERCIAL REAL ESTATE FINANCE, INC. From Apollo to DZ Bank, funds snap up bargains in UK pension scramble, Transcript : Huntington Bancshares Incorporated - Analyst/Investor Day, Transcript : Apollo Global Management, Inc., Q3 2022 Earnings Call, Nov 02, 2022, Transcript : Apollo Global Management, Inc. Presents at BofA 27th Annual Financials CEO Conference, Sep-21-2022 07:45 AM, Transcript : Huntington Bancshares Incorporated Presents at The 2022 Morgan Stanley US Financials, Payments, & CRE Conference, Jun-15-2022 01:45 PM, University of Pennsylvania Stuart Weitzman School of Design. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. Prior to mid-2018, Ms. Richards served on the board of Wyndham Worldwide, a position she held since 2006; is a director of Hamilton Insurance Group, serving on the audit and investment committees, a position she has held since 2013. Tax incentives havent always proved successful in addressing entrenched poverty or stopping the decline of local economies based on old-line industries. 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. https://www.wsj.com/articles/apollo-taps-new-co-heads-of-private-equity-business-11569495601. Prior to joining Citigroup in 1994, Mr. Zelter was He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. this press release and in other filings. Harry Lee Harllee, the great uncle of today's company principals, as Harllee Construction Company in Florence, S.C. A full-service company with a hands-on approach to management, Quattlebaum Development Company oversees the entire development process from site location and design to construction and property management. Ms. Hormozi received a Bachelor of Arts in history from the University of Michigan and a Juris Doctor from the New York University School of Law. 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. 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 of the worlds largest alternative credit platforms., Mr. Kleinman and Mr. Zelter said, We are honored to be given the A poor education system or a failing school typically leads to higher unemployment. 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 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. These We sought to build this transformational platform to meet what we view as an underserved need in the climate finance marketplace for both investors and industry participants.. Heinz Company and the Professional Golfers Association (PGA) of America. Scott: Sure. Communicationsgstein@apollolp.comorNoah 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. 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. 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. When used in this press release the words believe, anticipate, estimate, expect, intend and similar expressions are intended to identify forward-looking statements. Mr. Suydam serves on the boards of The Legal Action Center, Environmental Solutions Worldwide, Inc. and New York University School of Law. website at www.sec.gov. Market Data powered by Financial Officer; Gernot Lohr, Senior Partner; Sanjay Patel, Head of in our periodic filings with the SEC, which are accessible on the SECs In 2008, Dr. Healey was appointed by Secretary of State Condoleezza Rice as a founding member of the Executive Committee of the U.S. State Departments Public-Private Partnership for Justice Reform in Afghanistan (PJRA), a position to which she was later reappointed by Secretary of State Hillary Clinton. WebScott aims to formally announce the bid by the end of May, according to a person familiar. Kappa. Mitra Hormozi serves as an independent director and a member of the nominating and corporate governance and sustainability and corporate responsibility committees of our board of directors. Mr. Rowan is a Co-Founder and CEO of Apollo Global Management, Inc. Japan Center for International Exchange Apollo Co-Presidents Scott Kleinman and Jim Zelter said, As private capital markets continue to grow, mature and evolve, so too do the needs of market participants. As an example, 10 years ago, the African American unemployment was about 12 or 13 percent. 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. Marc Rowan, chief executive officer of Apollo Global Management Inc., gave $150,000, Apollo had assets under management of approximately $312 billion as of June 30, 2019 in private equity, credit and real assets funds invested across a core group Apollo's S3 launch: Expect the firm to become a meaningful secondaries player With the launch of S3, Apollo becomes 'much more of a one-stop relationship' for GPs, co-president Scott Kleinman tells Secondaries Investor. This copy is for your personal, non-commercial use only. Mr. Belardi swam in the 1976 and 1980 Olympic Swimming Trials and is a nine-time Masters Swimming World Record Holder. dependence on certain key personnel, our ability to raise new private 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. [II Deep Dive:Apollos Josh Harris Talks Private Markets at Delivering Alpha]. 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. committees in their respective areas of focus. Singapore, Hong Kong and Shanghai. An increase in 17 percent to $779 billion in deficit for the last fiscal year. 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 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. Today, he has handed the reigns over to his sons, Alex, III, and Scott Quattlebaum. on February 29, 2016, as such factors may be updated from time to time A conversation with Sen. Tim Scott, the Republican trying to bring development to disadvantaged communities. 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. The new strategy is being launched with $4 billion in capital from Apollo affiliates and strategic partners. Mr. Clayton is also a member of the Federal Deposit Insurance Corporations Systemic Resolution Advisory Committee. There are 1 executives at Apollo Global Management Inc getting paid more, with JamesZelter having the highest compensation of $85,389,504. What you find is that educational success seems to be still a strong indicator of the evenness of this opportunity in America. We He enjoys racing historic cars and wingshooting. Mr. Clayton also participated on the Board of the International Organization of Securities Commissions. under the section entitled Risk Factors in Apollos annual report on In its first year, Apollo's sustainable investment platform deployed over $6 billion toward its target.2. forward-looking statements are based on management's beliefs, as well as 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. delay times for all exchanges). Chief Executive Officer, Chief Investment Officer, and Co-founder, Athene Holding Ltd. Jim Belardi is a member of our board of directors and of the executive committee of our board of directors. These forward-looking statements are based on managements beliefs, as well as assumptions made by, and information currently available to, management. Mr. Beilinson previously served as Chief Restructuring Officer of Fisker Automotive from November 2013 to August 2014 and as Chief Restructuring Officer and Chief Executive Officer of Eagle Hospitality Properties Trust, Inc. from August 2011 to December 2014 and Innkeepers USA Trust from November 2008 to March 2012. Market Data copyright 2023 QuoteMedia. within the meaning of Section 27A of the Securities Act of 1933, as and in 2009 he was named Lead Partner for Private Equity. So high-tech manufacturing is booming from the coast to the mountains in Greenville. Gunn, 212-822-0540Investor Relations Managerngunn@apollolp.comorFor He served as President of Simon Property Groups predecessor from 1993 to 1996, and he has served as a director of Simon Property Group or its predecessor since the companys incorporation in 1993, beginning his role as Chairman in 2007. But in order for that to happen, were going to have to do that in a bipartisan fashion or it just will not happen. Mr. Swann is president of Swann, Inc., a marketing and consulting firm he founded in 1976. equity business while maintaining a best-in-class investment track . positions of Co-President will be effective as of January 1, 2018, and How does it break down between rural and urban? Mr. Kleinman joined Apollo in 1996, and in 2009 he industries where Apollo has considerable knowledge and resources. He received his undergraduate degree from the University of Pennsylvania and an undergraduate degree from The Wharton School of the University of Pennsylvania. 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. When he isn't doing business across the globe, he keeps himself busy with an assortment of hobbies. Development and Investor Relationship Management; Martin Kelly, Chief As of December 31, 2022, Apollo had approximately $548 billion of assets under management. You can see the complete history of Mr. Kleinman stock trades at the bottom of the page. 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. Pamela Joyner serves as an independent director and a member of the nominating and corporate governance committee of our board of directors. These factors should not be construed as exhaustive and should be read Apollo Global Management, LLCCharles Zehren, 212-843-8590czehren@rubenstein.com. High Yield franchise. record. Terms of Use. Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed. From 2001 to 2004, Mr. Krongard served as Executive Director of the Central Intelligence Agency. Managing Director and Co-Founder, and Marc Rowan, Senior Managing Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. 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. 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. There are 17 older and 2 younger executives at Apollo Global Management Inc. Ms. Richards also serves as an independent director and Chair of the audit committee of Apollo Global Management, Inc.s board of directors. April 26, 2023 08:00 ET The second example would be, we are heading towards a service economy in South Carolina. He also chaired the Subcommittee on Financial Institutions and Consumer Protection. But how much do you worry now about that growing deficit and the debt on economic growth and interest rates going forward? What type of business do you see taking advantage of this Opportunity Zone? Apollo Global Management Inc. has promoted two longtime partners to lead its private-equity business, which has $77 billion in assets. uncertainties and assumptions, including risks relating to our Market Data powered by White: taking advantage of connectivity. Noah GunnGlobal Head of Investor RelationsApollo Global Management, Inc.(212) 822-0540IR@apollo.com, Joanna RoseGlobal Head of Corporate CommunicationsApollo Global Management, Inc.(212) 822-0491Communications@apollo.com. 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.
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