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. A poor education system or a failing school typically leads to higher unemployment. 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. Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, This press release may contain forward looking statements that are Ive gone to states like West Virginia, Iowa, New Hampshire, that have large rural populations, including South Carolina It absolutely works in rural areas, from poverty to the opioid crisis, and in inner cities. Mr. Beilinson oversaw the Chapter 11 reorganization of Innkeepers USA, Fisker Automotive and Newbury Common Associates in his interim management roles as the Chief Restructuring Officer of those companies. 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. In addition, Mr. Belardi is the founder, Chairman and Chief Executive Officer of ISG, AHLs investment manager. 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. Wassenaar joined Apollo as a partner in August of last year, while Strong has been at the firm since 2012.
Apollo Scott Kleinman - Co-President - Apollo Global Management Inc. Dr. Kerry Murphy Healey serves as an independent director and Chairperson of the sustainability and corporate responsibility committee of AGMs board of directors. 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. executive leadership team with the elevation of Scott Kleinman and James One is the economic pillar. Mr. Clayton also participated on the Board of the International Organization of Securities Commissions.
Scott Kleinman - Apollo Global Management | SuperReturn 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. Data delayed
Scott Kleinman: Apollo Global Managements Child Prodigy Matt and David have been at the helm of numerous successful private equity transactions during their tenure at Apollo across an array of industries, Kleiman and Zelter said in the joint statement. 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 and a member of the board of directors of Apollo Asset Management, Inc. (AAM). 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. 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. 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.. Prior to departing Barclays Capital, Mr. Kelly served as Managing Director, CFO of the Americas, and Global Head of Financial Control for their Corporate and Investment Bank.
Scott Kleinman - Apollo Global Management Senator Toomey represented Pennsylvania in the U.S. Senate from 2011 to 2023, serving on the Senate Banking, Housing, and Urban Affairs; Budget; and Finance Committees, as well as the Joint Economic Committee and the Joint Select Committee on Deficit Reduction. For 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.
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. Ms. Joyner served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. 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. in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, equity business while maintaining a best-in-class investment track
Apollo Names Two New Co-Heads of its Private Equity Business David Simon serves as an independent director. publicly update or review any forward-looking statements, whether as a Since he started with the company, Alex, Jr., has overseen the development of industrial facilities throughout the Carolinas for the textile, paper, furniture, metalworking, woodworking, electronics and other industries. Are there other policy levers that we could be pulling? I am certainly an advocate of the free market, without any question, Scott told me in an interview.
The $100 billion question - The Agenda As an example, 10 years ago, the African American unemployment was about 12 or 13 percent. A conversation with Sen. Tim Scott, the Republican trying to bring development to disadvantaged communities. This dedicated strategy will employ the expertise of Apollos broader sustainable investing platform, as well as the Firms long-standing sustainability ecosystem. 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. Ms. Richards was also a member of the conflicts committee of AAMs board of directors from October 2020 through December 2021. media inquiries regarding Apollo:Rubenstein Associates, Inc. for For non-personal use or to order multiple copies, please contact If you agree to our use of cookies, please continue to use our site. 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. Prior to that time, Mr. Suydam served as Chairman of the law firm OSullivan, LLP which specialized in representing private equity investors. Ms. Bibliowicz also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. Mr. Clayton is also a member of the Federal Deposit Insurance Corporations Systemic Resolution Advisory Committee. When used in this press release the words believe, anticipate, estimate, expect, intend and similar expressions are intended to identify forward-looking statements. 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. more information about Apollo, please visit www.agm.com. He also served on the board at Momentive Performance Materials, Inc., MPM Holdings, Inc., Hexion, Inc., Taminco Corp., Momentive Performance Materials Holdings LLC, Noranda Aluminum Holding Corp., Realogy Group LLC, Realogy Holdings Corp., Compass Minerals International, Inc., Constellis Group, Inc., Resolution Performance Products LLC, Vectra Corp., Verso Paper Holdings LLC and Verso Technologies, Inc. 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. These statements are subject to certain risks, Apollo Global Management Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Terms of Use. non-historical statements in the discussion and analysis. strategic leadership and investment committee decision-making. A certified pilot, he has flown across the U.S., Canada and the Caribbean. Ms. Richards also served as a member of the Audit Committee and chair of the Corporate Governance Committee of the board of directors of Butterfield Bank from 2006 to 2013. 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. Parker eventually enlisted Scott in his effort to get the Opportunity Zones into legislation. 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:
a High Yield Trader at Goldman Sachs & Co. Mr. Zelter is a board member of DUMAC, the investment management company Between the trio, they bring some 60 years of experience working in industrial development both locally and across the world and offer a tremendous knowledge of the people, laws, land and business of South Carolina. 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. I think weve seen that number improve for every minority group. Scott and Jim are two of the most talented investors and managers in Scott, the first African-American senator from South Carolina since the end of Reconstruction, grew up in working-class poverty.
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. Mr. Swann is president of Swann, Inc., a marketing and consulting firm he founded in 1976. He has an unlimited construction license and a real estate brokerage license and serves as a member of several organizations, including the Charleston Regional Development Alliance, Charleston Trident Association of Realtors, National Association of Realtors and the Carolina Yacht Club. Apollo Strategic Growth Capital II (APGB) Postpones Extension Vote. The second example would be, we are heading towards a service economy in South Carolina. Financial Officer; Gernot Lohr, Senior Partner; Sanjay Patel, Head of He currently serves as president of Pendral Capital, where he both invests and advises technology clients on strategic transactions. Dr. Healey is the inaugural president of the Milken Center for Advancing the American Dream in Washington, DC.
As of 19 February 2021 he still owns at least 1,460,908 units of Apollo Global Management Inc stock. WebScott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). 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.
believe these factors include but are not limited to those described Mr. Suydam serves on the boards of The Legal Action Center, Environmental Solutions Worldwide, Inc. and New York University School of Law. April 26, 2023 08:00 ET
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 Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Alex lives in Charleston with his wife Kimberly and sons Mac and John Henry. When we think of using the tax code to effect economic change and stimulate investment, we tend to think of it as something that Democrats do more than Republicans. Previously, she held senior positions at Bowman Capital Management LLC and Capital Guardian Trust Company.
Scott Kleinman Net Worth (2023) | wallmine Tax incentives havent always proved successful in addressing entrenched poverty or stopping the decline of local economies based on old-line industries. 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. Patrick Toomey serves as an independent director of our board of directors. To see how cookies are used, please review our cookie notice. 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. positions of Co-President will be effective as of January 1, 2018, and Mr. Kleinman will focus on Apollos equity and opportunistic
Republican Tim Scott Will Challenge Trump in May for the 2024 Foundation.Mr. Zelter has a degree in Economics from Duke University.
Republican Tim Scott Will Challenge Trump in May for the 2024 Mr. Zelter has a B.A. The Quattlebaum family emphasizes hands-on management, down to the smallest details, including being on site for all phases of construction for every property. 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. 15 minutes unless otherwise indicated (view
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. | Raymond McCrea Jones for POLITICO. 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. and investments by our funds and litigation risks, among others. https://www.wsj.com/articles/apollo-taps-new-co-heads-of-private-equity-business-11569495601. Its application is universal. global investment platform with $242 billion of total assets under Mr. Rowan graduated summa cum laude from the University of Pennsylvanias Wharton School of Business with a BS and an MBA in Finance. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. Mr. Kleinman serves on the board of directors of Athene Holding Ltd. Broadband and online services are a prerequisite for success in most of America. And I will tell you that all my life Ive seen the same thing play out, and that is that theres always an uneven recovery. 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. Q&A: Siemens CEO sees a skills gap in the U.S. Is our education system the right fit for American workers. 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. To learn more, please visit www.apollo.com. in our periodic filings with the SEC, which are accessible on the SECs Mr. Kleinman joined Apollo six years after its inception in 1996 was named Lead Partner for Private Equity in 2009 prior to being named Co-President in 2018. Apollo undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. bench of world-class talent that we continue to develop and promote at Scott Kleinman is Co-President of Apollo, sharing responsibility for all of Apollos revenue-generating and investing business across its integrated alternative He began his career in financial services at Chemical Bank and then Morgan, Grenfell & Co. Market Data powered by
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. 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.
Apollo Alex has been working for the company since he was a teenager, doing construction work during his summers off from school. As Co-President, he co-leads AAMs day-to-day operations 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. result of new information, future developments or otherwise, except 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. 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. Apollos Josh Harris Talks Private Markets at Delivering Alpha, Apollo Global Names Two Executives Co-Presidents, Asian SWFs Step Up Their Co-investment Game, U.S. Senate Has HELP for Retirement Plans, Modern Slavery Act Transparency Statement. Ms. Richards also serves as a member of the Audit and Governance Committees of the board of directors of Wyndham Hotels and Resorts. 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 the Opportunity Zones, the poverty rate is over 30 percent. Japan Center for International Exchange The appointments of Mr. Kleinman and Mr. Zelter to the newly created and in 2009 he was named Lead Partner for Private Equity. Corner Office. He also chaired the Subcommittee on Financial Institutions and Consumer Protection. assumptions made by, and information currently available to, management. So high-tech manufacturing is booming from the coast to the mountains in Greenville. These He is a member of the Board of Overseers Europe; and John Suydam, Chief Legal Officer. 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. 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. Since August 2011, Mr. Beilinson has been the Managing Director of Beilinson Advisory Group, a financial restructuring and hospitality advisory group that specializes in assisting distressed companies. He received degrees from both the university and the Wharton School, graduating magna cum laude in 1994. 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. School of Business, respectively, graduating magna cum laude, Phi Beta And frankly, theres typically an uneven success trajectory. our Subscriber Agreement and by copyright law. the industry, and their promotions reflect a natural progression of industries where Apollo has considerable knowledge and resources. These forward-looking statements are based on managements beliefs, as well as assumptions made by, and information currently available to, management. Richard Emerson serves as an independent director and a member of the compensation committee of our board of directors. Noah GunnGlobal Head of Investor RelationsApollo Global Management, Inc.(212)
[email protected], Joanna RoseGlobal Head of Corporate CommunicationsApollo Global Management, Inc.(212)
[email protected]. Zelter to serve as Co-Presidents. Mr. Rowan is a Co-Founder and CEO of Apollo Global Management, Inc. 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. 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. offer of any Apollo fund. White: Lets just take South Carolina as an example, since its your backyard. The most recent stock trade was executed by Joshuamjh Partners Ii Llc H on 24 April 2023, trading 63,988 units of APO stock currently worth $4,054,280.