Richard Emerson serves as an independent director and a member of the compensation committee of our board of directors. He also serves as Chairman of the Supervisory Board of Klepierre, a publicly traded Paris-based European leader in shopping malls. Mr. Belardi is responsible for AHLs overall strategic direction and management and the day-to-day management of its investment portfolio. 15 minutes unless otherwise indicated (view delay times for all exchanges). Scott: Ben, thats a great question. Heinz Company and the Professional Golfers Association (PGA) of America. the expectations reflected in these forward looking statements are But we do have to wrestle with the long-term consequences of mandatory spending that we havent wrestled with before. their distinguished careers, said Mr. Black. He serves on the board of directors of Apollo Global Management Inc., Athene Holding Ltd. and Athora Holding Ltd, and certain other affiliated public vehicles. in Economics from the University of Cambridge (Thouron Scholar), and a J.D. to have been correct. Apollo Director; Joseph Azelby, Global Head of Real Assets; Lisa Bernstein, 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. He received degrees from both the university and the Wharton School, graduating magna cum laude in 1994. 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. WebScott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at She has been a fellow at the Harvard Kennedy Schools Institute of Politics and Harvards Center for Public Leadership. And the real question is, how do we break that cycle? He is a member of the Carolina Yacht Club, the Country Club of Charleston, and the St. Andrews Society. There are 17 older and 2 younger executives at Apollo This press release does not constitute an offer of any Apollo fund. He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design and the Board of Directors at the White Plains Hospital, where he co-chaired the COVID-19 Relief Campaign. 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. Treasury Secretary Steven Mnuchin has suggested that the program could attract $100 billion in investment in distressed areas. Europe; and John Suydam, Chief Legal Officer. As of 19 February 2021 he still owns at least 1,460,908 units of Apollo Global Management Inc stock. in conjunction with the other cautionary statements that are included in 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. Pauline Richards serves as an independent director and Chair of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. Scott began his career with the company as a teenager by working summers in construction. She is a member of the Council on Foreign Relations and the Trilateral Commission, and a trustee of the American University of Afghanistan and the American University of Bahrain. bench of world-class talent that we continue to develop and promote at Scott, the first African-American senator from South Carolina since the end of Reconstruction, grew up in working-class poverty. management across Credit, Private Equity and Real Assets and a deep 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. http://www.businesswire.com/news/home/20171113005364/en/. Ms. Hormozi has served as a director of Athene Holding Ltd. (AHL) since December 2018 and is a member of AHLs compensation committee and legal and regulatory committee. Distribution and use of this material are governed by That is going to be a unique experience for many people in the workforce because, up until now, they really havent had that as a real option. 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. 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. Give Assets ($13 billion of AUM) funds invested across a core group of nine A conversation with Sen. Tim Scott, the Republican trying to bring development to disadvantaged communities. Are there other policy levers that we could be pulling? 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. He currently serves on the boards of directors of Apollo Global Management, Inc., Athene Holding Ltd. and Athora Holding Ltd. Holdings, LLC, Momentive Performance Materials Holdings, Inc., and Apollo Scott Kleinman - Apollo Global Management | SuperReturn 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. from the University of Maryland School of Law, where he also graduated with honors. Banking division at Smith Barney Inc. Mr. Kleinman serves on the board What you find is that educational success seems to be still a strong indicator of the evenness of this opportunity in America. Unfortunately, at the exact same time, what were seeing is that spending has not leveled off, its not plateaued. Whether building a brand new facility or tailoring an existing facility to fit a company's needs, Quattlebaum Development Company works to find the right solution for each company's unique situation, completing projects quickly and efficiently. They both will continue to serve on the investment Ms. Bibliowicz also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. Development and Investor Relationship Management; Martin Kelly, Chief Apollo Global Management, Inc. David Simon serves as an independent director. Ms. Richards graduated from Queens University, Ontario, Canada, with a BA in psychology and has obtained certification as a CPA, CMA. 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. 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. White: So Im a distributed worker and Im. The $100 billion question - The Agenda Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, These QuoteMedia. Singapore, Hong Kong and Shanghai. | Raymond McCrea Jones for POLITICO. 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. net income and cash flow, our use of leverage to finance our businesses Jim Zelter is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). result of new information, future developments or otherwise, except as WebScott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). Mr. Ducey served as Chair of the conflicts committee of AAMs board of directors from 2011 through December 2021. Scott Kleinman is Co-President of Apollo, sharing responsibility for all of Apollos revenue-generating and investing business across its integrated alternative Scott Kleinman - Co-President @ Apollo - CrunchBase In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. 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. Scott Kleinman - The Trilateral Commission The Quattlebaum family emphasizes hands-on management, down to the smallest details, including being on site for all phases of construction for every property. https://www.wsj.com/articles/apollo-taps-new-co-heads-of-private-equity-business-11569495601. 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The company has approximately two million square feet in its current inventory across five properties, all located in Foreign Trade Zones and in the Southeast. In addition to chairing the SEC, he was a member of the Presidents Working Group on Financial Markets, the Financial Stability Oversight Council and the Financial Stability Board. Dr. Kerry Murphy Healey serves as an independent director and Chairperson of the sustainability and corporate responsibility committee of AGMs board of directors. In a statement on their appointments, Apollo co-presidents Scott Kleinman and James Zelter praised the pair for the breadth of their experience at Apollo, where each has worked since the early 2000s. 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. He enjoys racing historic cars and wingshooting. opportunity to take on this new role. a member of Apollos Management Committee, and Chief Executive Officer 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). First would be, in South Carolina, we are a transportation-centric state. 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. Market Data copyright 2023 QuoteMedia. Apollo Ms. Joyner served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. 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. Scott Kleinman - Co-Preside.. - Apollo Global Management within the meaning of Section 27A of the Securities Act of 1933, as 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. regulatory environment and tax status, the variability of our revenues, Scott M. Kleinman serves as Co-President of the Company. Scott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). 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. Ms. Hormozi is also a director of a number of AHLs US subsidiaries. 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. at the University of Pennsylvania School of Design. ability to manage our growth, fund performance, changes in our Ms. Richards currently serves as Chief Operating Officer of Trebuchet Group Holdings Limited, a position she has held since 2008. dependence on certain key personnel, our ability to raise new private 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. Mr. Kleinman assumptions made by, and information currently available to, management. 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. The second is the education pillar. 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. its predecessor companies from 1994 to 2006. 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 RT=Real-Time, EOD=End of Day, Global Head of Human Capital; Anthony Civale, Lead Partner and Chief 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. 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. These statements are subject to certain risks, our Subscriber Agreement and by copyright law. Zelter was Chief Investment Officer of Citigroup Alternative 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.. This founding gift continues to support the center and its broad array of programs. Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. 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. Exactly. 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Apollo Names Two New Co-Heads of its Private Equity Business the University of Pennsylvania. Scott: Sure. And in the next couple of years, $100 billion or more. Last updated: 21 February 2023 at 5:09pm EST. Im sure youre probably hopeful that the tax cuts will pay for themselves long term. Gunn, 212-822-0540Investor Relations Managerngunn@apollolp.comorFor Quattlebaum Development Company traces its beginnings back to 1927 when it was originally founded by Capt. Apollo Global Management, LLC (together with its consolidated To see how cookies are used, please review our cookie notice. This site uses cookies. Krongard serves as an independent director and a member of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. She is a trustee emeritus of Dartmouth College, Chair Emeritus of the Tate Americas Foundation, and a trustee of the Art Institute of Chicago and J. Paul Getty Trust. In their new capacities, Mr. Kleinman and Mr. Zelter will have full Mr. Simon earned a B.S. Scott Kleinman, 44, is the Lead Partner for Private Equity and a member of Apollos Management Committee. 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. (AUM) of approximately $242 billion as of September 30, 2017 in Private Dr. Healey is the inaugural president of the Milken Center for Advancing the American Dream in Washington, DC. Investments, and prior to that he was responsible for the firms Global Mr. Ducey was with Compass Minerals International, Inc., from March 2002 to May 2006, where he served in a variety of roles, including as President, Chief Executive Officer and Director prior to his retirement in May 2006. 15 minutes unless otherwise indicated (view 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. Q&A: Siemens CEO sees a skills gap in the U.S. Is our education system the right fit for American workers. Apollo II is led by CEO Sanjay Patel, Executive Chairman Scott Kleinman and CFO and Chief Acccounting Officer James Crossen. | Raymond McCrea Jones for POLITICO. WebMr. Director and Co-Founder, will continue with respect to Apollos In addition, Mr. Belardi is the founder, Chairman and Chief Executive Officer of ISG, AHLs investment manager. And so you could see a company started in the Medical University of South Carolina spill into an opportunity zone. With nearly 80 years of experience in the construction business and 30 years specifically as Charleston's leading industrial developer, the company offers clients an unparalleled depth of knowledge of the businesses, people, laws and land of this region. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. If you're happy with cookies click proceed. reasonable, it can give no assurance that these expectations will prove Pamela Joyner serves as an independent director and a member of the nominating and corporate governance committee of our board of directors. As long as there is need, I think the Opportunity Zone legislation provides an answer for those areas. Portfolio. Senior partners Matt Nord and David Sambur have been promoted to co-lead partners of private equity, the alternative asset manager announced Thursday. Mr. Kleinman will focus on Apollos equity and opportunistic 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. 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. When used in this press release, the words believe, anticipate, global investment platform with $242 billion of total assets under Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed. Using a hands-on approach to management, Alex is involved in all facets of the company, including client consultations and project management. 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. We under the section entitled Risk Factors in Apollos annual report on Mr. Kleinman, who focuses on Apollos equity and opportunistic businesses, joined Apollo in 1996, and in 2009 he was named Lead Partner for Private Equity, a position he held until October 2019. 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. 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. As a senior partner, he is also a member of Apollos Senior Management White: Lets pull back the lens a little bit to talk about the broader question of access to opportunity in the United States, and the fact that it is so unevenly distributed through our economy. Mr. Clayton served as Chair of the SEC from May 2017 through December 2020. Matt Nord and David Sambur, Mr. Ducey graduated from Otterbein University with a degree in Economics and an M.B.A. in finance from the University of Dayton. Data delayed related to Apollos expectations regarding the performance of its White: Lets just explain to people exactly what Opportunity Zones are. PD=Previous Day. Apollo Co-President Scott Kleinman said: We believe ACT Capital is a premier financing solution for companies around the globe who require significant, Ms. Richards was also a member of the conflicts committee of AAMs board of directors from October 2020 through December 2021. We undertake no obligation to Managing Director and Co-Founder, and Marc Rowan, Senior Managing Apollo Launches Clean Transition Capital Strategy to Ms. Richards also serves as a member of the Audit and Governance Committees of the board of directors of Wyndham Hotels and Resorts. One is the economic pillar. I am certainly an advocate of the free market, without any question, Scott told me in an interview. Prior to joining Apollo in 2006, Mr. Zelter was with Citigroup Inc.and Prior to that time, Mr. Suydam served as Chairman of the law firm OSullivan, LLP which specialized in representing private equity investors. 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. 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. 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. He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. So while were going to continue to celebrate our success as a manufacturing headquarters, we are, at some point in the future, going to become what we call the Silicon Harbor in Charleston, in the upstate. . 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. 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. Apollo that oversees the Duke University Endowment and Duke University The correlation, of course, is that education and opportunity are like wet and water. of Apollos Management Committee. Previously, she held senior positions at Bowman Capital Management LLC and Capital Guardian Trust Company. A certified pilot, he has flown across the U.S., Canada and the Caribbean. They are very difficult to separate. Mr. Beilinson currently serves on the boards of directors of Exela Technologies and Playtika, as well as several privately held companies. PD=Previous Day. Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. Republican Tim Scott Will Challenge Trump in May for the 2024 His father, a well-known philanthropist, was a professor of engineering at Clemson University and eventually opened Harllee Construction Company in 1927 in Florence with his brother. Mr. Simon has been the CEO of Simon Property Group or its predecessor since 1995 and President of Simon Property Group since February 2019. To learn more, please visit www.apollo.com. Although management believes that 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. From 2008 to 2012, Mr. Kelly was with Barclays Capital and, from 2000 to 2008, Mr. Kelly was with Lehman Brothers Holdings Inc. There are 17 older and 2 younger executives at Apollo Global Management Inc. Form 10-K filed with the Securities and Exchange Commission (the SEC) Mr. Kelly received a degree in Commerce, majoring in Finance and Accounting, from the University of New South Wales in 1989. 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. in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, The following transcript has been condensed and lightly edited for clarity. Mr. Swann received a Bachelor of Arts from the University of Southern California. He currently serves on the board of directors of ISG, Paulist Productions, where he chairs the investment committee, and Southern California Aquatics.