These forward-looking statements are based on managements beliefs, as well as assumptions made by, and information currently available to, 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. Scott attended the College of Charleston and also holds an associate's degree in construction project management. Our economy is absolutely moving in the direction of people deciding the quality of life they want, the location they want. Mr. Kleinman joined Apollo in 1996, 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. The new strategy is being launched with $4 billion in capital from Apollo affiliates and strategic partners. I think a realistic estimation, in the first few years, would be about $100 billion.. Are there other policy levers that we could be pulling? of the worlds leading alternative investment managers.. 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. Senior partners Matt Nord and David Sambur have been promoted to co-lead partners of private equity, the alternative asset manager announced Thursday. ACT Capital seeks to meet the wide-ranging capital needs for the transition to clean energy and sustainable industry by providing competitive, flexible, and patient financing to the global market, supporting corporates in their transition to clean energy. In addition, he is involved in public policy and is an initial funder and contributor to the development of the Penn Wharton Budget Model, a nonpartisan research initiative which provides analysis of public policys fiscal impact. Operating Officer - Credit; Stephanie Drescher, Global Head of Business Matt Nord and David Sambur, who joined the firm in 2003 and 2004, respectively, will be taking over the day-to-day operations of the private-equity business from Apollo Co-President Scott Kleinman, the firm said. 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 responsibility for all of Apollos revenue-generating and investing Ms. Bibliowicz is a successful entrepreneur and organizational leader within financial services with more than 30 years of experience with public and private companies. And hes championed essentially the only congressional effort to close this economic divide during Donald Trumps presidency. Ms. Joyner is an independent director of First Republic Bank, a position she has held for over 17 years. Terms of Use. Mr. Belardi is Co-Founder of Athene Holding Ltd. (AHL), and has served as AHLs Chairman, Chief Executive Officer and Chief Investment Officer since May 2009. Mr. Kleinman lives in Westchester County, New York with his wife Wendy and their three children. In addition to Messrs. Harris, Kleinman, and Zelter, the other members assumptions made by, and information currently available to, management. executive leadership team with the elevation of Scott Kleinman and James How does it break down between rural and urban? ability to manage our growth, fund performance, changes in our Harry Lee Harllee, the great uncle of today's company principals, as Harllee Construction Company in Florence, S.C. believe these factors include but are not limited to those described 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. A conversation with Sen. Tim Scott, the Republican trying to bring development to disadvantaged communities. As a senior partner, he is also a member of Apollos Senior Management Zelter to serve as Co-Presidents. He is a member and former chairman of the National Association of Real Estate Investment Trusts. Mr. Beilinson currently serves on the boards of directors of Exela Technologies and Playtika, as well as several privately held companies. opportunity to take on this new role. So weve cut taxes, but we always have believed in the Laffer Curve or the inverse relationship. 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. | Source: 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. 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). 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. And so you could see a company started in the Medical University of South Carolina spill into an opportunity zone. 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. regulatory environment and tax status, the variability of our revenues, Last updated: 21 February 2023 at 5:09pm EST. He helped get the provision tucked in the tax bill signed by Trump in December 2017, and along the way won the support of several Democrats. Mr. Rowan graduated summa cum laude from the University of Pennsylvanias Wharton School of Business with a BS and an MBA in Finance. subsidiaries, "Apollo") (NYSE:APO) today announced the expansion of its amended, and Section 21E of the Securities Exchange Act of 1934, as Apollo Names Two New Co-Heads of its Private Equity Business Prior to that time, Mr. Suydam served as Chairman of the law firm OSullivan, LLP which specialized in representing private equity investors. 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. 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. UPenn Receives $10 Million for Energy Policy Center The alternative asset manager also appointed co-heads of the natural resources and infrastructure businesses. 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. Krongard serves as chairman of the nominating and corporate governance committee and a member of the compensation committee of Iridium Communications Inc. and as a member of the audit committee of Icahn Enterprises L.P. Mr. Krongard also serves on the board of trustees of In-Q-Tel, Inc. Mr. Krongard graduated with honors from Princeton University and received a J.D. As of 19 February 2021 he still owns at least 1,460,908 units of Apollo Global Management Inc stock. Ms. Joyner is a founding partner of Avid Partners LLC, a strategic marketing consulting firm. 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. As a principal with Quattlebaum Development Company, alongside his brother Alex, Scott Quattlebaum is involved in all aspects of the business, including contracting, construction consulting, project management and brokerage transactions. global investment platform with $242 billion of total assets under Alex Quattlebaum, Jr., joined the company in 1965, moving from assistant superintendent to eventually president and CEO. 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. equity, credit or real estate funds, market conditions, generally, our 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. This press release does not constitute an offer of any Apollo fund. Quattlebaum Development Company traces its beginnings back to 1927 when it was originally founded by Capt. Although management believes that Apollo Global Management Inc. has promoted two longtime partners to lead its private-equity business, which has $77 billion in assets. 15 minutes unless otherwise indicated (view at the University of Pennsylvania School of Design. 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. This site uses cookies. more information about Apollo, please visit www.agm.com. They have also been very involved in the day-to-day operations of Apollos flagship private equity business and have established themselves as leaders from a strategy and culture standpoint.. When used in this press release, the words believe, anticipate, To learn more, please visit www.apollo.com. I think weve seen that number improve for every minority group. Give Alex's knowledge and experience have taken him all over the world to almost 35 countries in Europe, South America, Africa, Asia and the Caribbean, and he speaks Swahili, Spanish and is conversant in other languages. He is a member of the Carolina Yacht Club, the Country Club of Charleston, and the St. Andrews Society. 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. Apollo Global Management has new leadership for its $77 billion private equity business. Ms. Richards also serves as an independent director and Chair of the audit committee of Apollo Global Management, Inc.s board of directors. Apollo Global Management, Inc. 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. this press release and in other filings. 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. Quattlebaum Development Company today is now run by a third-generation of the Quattlebaum family -- brothers Alex Quattlebaum, III and Scott Quattlebaum, assisted by their dad and CEO Alex Quattlebaum, Jr. Mr. Simon earned a B.S. 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.. You can see the complete history of Mr. Kleinman stock trades at the bottom of the page. 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. This dedicated strategy will employ the expertise of Apollos broader sustainable investing platform, as well as the Firms long-standing sustainability ecosystem. Matt Nord and David Sambur, 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. in political science from Harvard University. Mr. Kleinman within the meaning of Section 27A of the Securities Act of 1933, as Meisan Tameike Bldg. She also served as an Assistant United States Attorney prosecuting high-profile complex racketeering cases in the Eastern District of New York. Vectra Co. Apollo Global Management has new leadership for its $77 billion private equity business. During the early 1970s, Alex was instrumental in creating the first Foreign Trade Zone in South Carolina and has owned and operated Foreign Trade Zones since 1974. Tax incentives havent always proved successful in addressing entrenched poverty or stopping the decline of local economies based on old-line industries. Mr. Clayton earned a B.S. https://www.wsj.com/articles/apollo-taps-new-co-heads-of-private-equity-business-11569495601. businesses. He currently serves on the board of directors of ISG, Paulist Productions, where he chairs the investment committee, and Southern California Aquatics. He currently serves on the boards of directors of Apollo Global Management, Inc., Athene Holding Ltd. and Athora Holding Ltd. Republican Tim Scott Will Challenge Trump in May for the 2024 and investments by our funds and litigation risks, among others. Unfortunately, at the exact same time, what were seeing is that spending has not leveled off, its not plateaued. Alex is a member of a variety of professional organizations that include the National Association of Industrial and Office Parks, the Southern Industrial Development Council, the American Society of Civil Engineers and the National Association of Foreign Trade Zones. Market Data powered by Patrick Toomey serves as an independent director of our board of directors. Senior partners Matt Nord and David Sambur have been promoted to co related to Apollos expectations regarding the performance of its Another issue, of course, is the connectivity issue. media inquiries regarding Apollo:Rubenstein Associates, Inc. for on February 29, 2016, as such factors may be updated from time to time 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. businesses. 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. For Earlier in her career, Ms. Bibliowicz held senior management positions at Prudential Mutual Funds and Smith Barney Mutual Funds. An avid musician, Scott also enjoys racing vintage racecars, hunting and in his spare time as well as golf and fencing. 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. publicly update or review any forward-looking statements, whether as a Jim Zelter is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). White: Its somewhat ironic that Im recording this with you and talking to you from my basement in Englewood, New Jersey, even though I work for POLITICO. Director and Co-Founder, will continue with respect to Apollos Development and Investor Relationship Management; Martin Kelly, Chief How do you approach this as a Republican, when the classic Republican thinking is, Just let the market decide? 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. 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 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 Scott Kleinman is Co-President of Apollo, sharing responsibility for all of Apollos revenue-generating and investing business across its integrated alternative Scott: Im a young fellow. 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. management across Credit, Private Equity and Real Assets and a deep WebScott aims to formally announce the bid by the end of May, according to a person familiar. 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. Dr. Healey served as an independent director of AAMs board of directors from March 2021 through December 2021. She has been a fellow at the Harvard Kennedy Schools Institute of Politics and Harvards Center for Public Leadership. Alex was previously on the advisory board of Trident Technical College. If you agree to our use of cookies, please continue to use our site. 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. 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. 15 minutes unless otherwise indicated (view 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. 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. Zelter was Chief Investment Officer of Citigroup Alternative A.B. Scott spoke to POLITICO from his office in North Charleston, S.C. 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: Mr. Kleinman serves on Apollos Management and Executive Committees. There are 17 older and 2 younger executives at Apollo Global Management Inc. To see how cookies are used, please review our cookie notice. 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. She continued to serve in both roles until NFP was acquired in 2013. Prior to her public service, Dr. Healey worked for more than a decade as a public policy consultant to the United States Department of Justice for Cambridge-based think tank Abt Associates. I am certainly an advocate of the free market, without any question, Scott told me in an interview. 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. 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. He received degrees from both the university and the Wharton School, graduating magna cum laude in 1994. In their new capacities, Mr. Kleinman and Mr. Zelter will have full First would be, in South Carolina, we are a transportation-centric state. Scott grew up in poverty, spending his high school years living in this apartment complex in North Charleston. net income and cash flow, our use of leverage to finance our businesses estimate, expect, intend and similar expressions are intended to The estimated Net Worth of Scott Kleinman is at least $114 Million dollars as of 19 February 2021. Corner Office, This content is from: RT=Real-Time, EOD=End of Day, It continues to increase. So when you take those dots and you connect them back, what do you find? Today, he has handed the reigns over to his sons, Alex, III, and Scott Quattlebaum. 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. 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. From October 2010 to April 2017, Mr. Ducey served as the Chairman of the compliance and governance committee and the nominations committee of the board of directors of HaloSource, Inc. 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. Marc Rowan, chief executive officer of Apollo Global Management Inc., gave $150,000, 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. Its application is universal. White: taking advantage of connectivity. Lynn Swann serves as an independent director and a member of the compensation committee of our board of directors. Mr. Clayton is also a member of the Federal Deposit Insurance Corporations Systemic Resolution Advisory Committee. Sen. Tim Scott: What I have tried to do is create a program that is not a government-centric program, but that does create an incentive for people to take a second look at parts of the country that have been missed by the economic recovery that weve experienced over the last few years. 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. It was at that time that the company began to shift its focus toward being a provider of facilities and not simply a means for constructing. From 1998 to 2001, Mr. Krongard served as Counselor to the Director of Central Intelligence. 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.
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