scott kleinman apollo

RT=Real-Time, EOD=End of Day, Apollo Global Management, Inc. NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the formation of Apollo Clean Transition Capital (ACT Capital), an investment strategy that intends to redefine the capital market for climate solutions. publicly update or review any forward-looking statements, whether as a LLCGary M. Stein, 212-822-0467Head of Corporate from the University of Pennsylvania Law School (cum laude, Order of the Coif). believe these factors include but are not limited to those described And so, for me, there are two major pillars. When that happens, you see the most even spread of our resources. Parker eventually enlisted Scott in his effort to get the Opportunity Zones into legislation. In their new roles, Nord and Sambur will continue to report to Kleinman, who had served as the lead partner for private equity since 2009. From 2001 to 2004, Mr. Krongard served as Executive Director of the Central Intelligence Agency. He currently serves on the board of directors of ISG, Paulist Productions, where he chairs the investment committee, and Southern California Aquatics. its predecessor companies from 1994 to 2006. Scott and Jim are two of the most talented investors and managers in 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. Scott: Sure. structure affirms and strengthens the inherent power of our integrated As long as there is need, I think the Opportunity Zone legislation provides an answer for those areas. 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. From July 2010 to May 2011, Mr. Ducey was a member of the board of directors and served on the audit committee of Smurfit-Stone Container Corporation. 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. Let me give you just two real-world examples. Distribution and use of this material are governed by Although management believes that 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. Terms of Use. Scott Kleinman Scott Kleinman Net Worth (2023) | wallmine I am certainly an advocate of the free market, without any question, Scott told me in an interview. Dr. Healey holds an AB in government from Harvard College and a PhD in political science and law from Trinity College, Dublin. And the real question is, how do we break that cycle? Mr. Kleinman is Co-President of Apollo Global Management, Inc. since January 2018, with responsibility for all of Apollos revenue-generating and investing business across its integrated alternative investment platform. 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. businesses. So its a phenomenal incentive for people to take a second look at areas that they would not necessarily pay attention to because they would feel like the return is too low, or the risk is too high. The second is the education pillar. Another issue, of course, is the connectivity issue. that oversees the Duke University Endowment and Duke University and in 2009 he was named Lead Partner for Private Equity. Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, 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. In its first year, Apollo's sustainable investment platform deployed over $6 billion toward its target.2. In that time, Ms. Joyner has served as chair of First Republic Banks investment and compensation committee, and as a member of its governance committee. 15 minutes unless otherwise indicated (view Zelter to serve as Co-Presidents. 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. at the University of Pennsylvania School of Design. 15 minutes unless otherwise indicated (view Apollo Global Management Inc. has promoted two longtime partners to lead its private-equity business, which has $77 billion in assets. 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. Terms of Use. Japan Center for International Exchange These forward-looking statements are based on managements beliefs, as well as assumptions made by, and information currently available to, management. 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. on February 29, 2016, as such factors may be updated from time to time in Engineering from the University of Pennsylvania (summa cum laude), a B.A. (AUM) of approximately $242 billion as of September 30, 2017 in Private under the section entitled Risk Factors in Apollos annual report on to have been correct. What happens is, as we grow the pie, we see more folks being able to engage in finding and chasing the American dream, which is the fastest way to actually even out the recovery. I think what youre going to see in the next 10 to 15 years, and youre seeing it start now, is the fact that people can live where they want to and then decide the type of work they want to do. Apollo., Mr. Harris said, Scott has been with Apollo for more than two decades, As Co-President, he co-leads AAMs day-to-day operations The second example would be, we are heading towards a service economy in South Carolina. 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. Apollo Global Management, LLCCharles Zehren, 212-843-8590czehren@rubenstein.com. 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. 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. We believe ACT Capital is well-positioned to address the significant gaps that exist in the capital markets for climate and transition financing. 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. Apollo Global Management, LLC (together with its consolidated And if our goal is to make sure that we spread opportunities and success throughout this nation in an even way, we have to focus first on the education system, particularly the education system in the poorest parts of this country. strategic leadership and investment committee decision-making. 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. Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed. 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. 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. Patrick Toomey serves as an independent director of our board of directors. 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. Most recently, Mr. Beilinson served as Chief Restructuring Officer of Newbury Common Associates LLC (and certain affiliates) from December 2016 to June 2017. 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: Prior to joining Apollo, Mr. Zelter was with Citigroup Inc. and its predecessor companies from 1994 to 2006. In 1975, the company moved its headquarters from Florence to Charleston, where it remains today. Scott Kleinman - The Trilateral Commission in our periodic filings with the SEC, which are accessible on the SECs 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. 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. Harry Lee Harllee, the great uncle of today's company principals, as Harllee Construction Company in Florence, S.C. David Sambur, left, and Matt Nord have overseen several recent Apollo deals. Thats one of the fictional stories that you can find out there. 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. He currently serves as president of Pendral Capital, where he both invests and advises technology clients on strategic transactions. The Quattlebaum family emphasizes hands-on management, down to the smallest details, including being on site for all phases of construction for every property. 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. Mr. Rowan is a Co-Founder and CEO of Apollo Global Management, Inc. This dedicated strategy will employ the expertise of Apollos broader sustainable investing platform, as well as the Firms long-standing sustainability ecosystem. 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. and investments by our funds and litigation risks, among others. 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. 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. Apollo Global Management has new leadership for its $77 billion private equity business. Most recently he sold 200 units of APO stock worth $10,418 on 19 February 2021. A certified pilot, he has flown across the U.S., Canada and the Caribbean. The new strategy is being launched with $4 billion in capital from Apollo affiliates and strategic partners. a member of Apollos Management Committee, and Chief Executive Officer http://www.businesswire.com/news/home/20171113005364/en/. amended, and Section 21E of the Securities Exchange Act of 1934, as 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. And hes championed essentially the only congressional effort to close this economic divide during Donald Trumps presidency. In addition to his extensive executive and board experience, Mr. Swann played nine seasons for the Pittsburgh Steelers and was elected to the Pro Football Hall of Fame in 2001. White: I want to ask you, more broadly, about what role government can play here. How does it break down between rural and urban? [II Deep Dive:Apollos Josh Harris Talks Private Markets at Delivering Alpha]. David Simon serves as an independent director. These statements are subject to certain risks, Prior to joining Citigroup in 1994, Mr. Zelter was a High Yield Trader at Goldman, Sachs & Co. Mr. Zelter has significant experience in global credit markets and has overseen the broad expansion of AGMs credit platform. Form 10-K filed with the Securities and Exchange Commission (the SEC) Broadband and online services are a prerequisite for success in most of America. John Suydam joined Apollo in 2006 and serves as our Chief Legal Officer. 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. During his service, he was responsible for surveying, as well as design and construction of roadways, bridges and infrastructure in the Southern Province of Tanganyika (now Tanzania). Apollo He received degrees from both the university and the Wharton School, graduating magna cum laude in 1994. 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. Mr. Zelter has a B.A. 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 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. When used in this press release the words believe, anticipate, estimate, expect, intend and similar expressions are intended to identify forward-looking statements. Today, its in the low 6 percent range. Mr. Kleinman joined Apollo in 1996, and in 2009 he First would be, in South Carolina, we are a transportation-centric state. It is not yet operational; the Treasury Department in October released proposed rules to guide investors on how to take advantage of the tax incentives. Mr. Kongard was also a member of the conflicts committee of AAMs board of directors from January 2019 through December 2021. Scott: We could spend a long time talking about education because I think it really is the forerunner to opportunity. industries where Apollo has considerable knowledge and resources. RT=Real-Time, EOD=End of Day, Scott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). 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. As the Co-President of Apollo Global Management Inc, the total compensation of Scott Kleinman at Apollo Global Management Inc is $18,615,200. Im sure youre probably hopeful that the tax cuts will pay for themselves long term. He has consulted on development projects and the creation of Foreign Trade Zones for different governments and organizations that include the World Bank; the CIA; the Free Zone division of the Services Group in Washington, D.C. (of which he was a founding board member); the U.S. Agency for International Development (USAID); United Nations Educational, Scientific and Cultural Organization (UNESCO) and more. 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. of Apollos Management Committee. One is the economic pillar. This press release may contain forward looking statements that are WebScott began his career with the company as a teenager by working summers in construction. In addition to Messrs. Harris, Kleinman, and Zelter, the other members He enjoys racing historic cars and wingshooting. 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. The estimated Net Worth of Scott Kleinman is at least $114 Million dollars as of 19 February 2021. They both will continue to serve on the investment continue to deliver value to investors and drive Apollo forward as one This founding gift continues to support the center and its broad array of programs. And in the next couple of years, $100 billion or more. 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. Scott, the first African-American senator from South Carolina since the end of Reconstruction, grew up in working-class poverty. 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. NEW YORK, May 19, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) The unseen reason working-class students drop out. 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. Apollo 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. In addition to these two appointments, Apollo announced the promotions of senior partners Olivia Wassenaar and Geoff Strong to co-leads of the firms natural resources business, which has approximately $5 billion in assets under management. And some progressives worry that programs like Scotts can turn into boondoggles that give tax breaks to wealthy investors without doing much for the places theyre supposed to help. Scott Kleinman: Apollo Global Managements Child Prodigy 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.. Ms. Richards was also a member of the conflicts committee of AAMs board of directors from October 2020 through December 2021. Previously, she held senior positions at Bowman Capital Management LLC and Capital Guardian Trust Company. Lynn Swann serves as an independent director and a member of the compensation committee of our board of directors. 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.. Treasury Secretary Steven Mnuchin has suggested that the program could attract $100 billion in investment in distressed areas. To see how cookies are used, please review our cookie notice. Ms. Richards graduated from Queens University, Ontario, Canada, with a BA in psychology and has obtained certification as a CPA, CMA. Scott attended the College of Charleston and also holds an associate's degree in construction project management. uncertainties and assumptions, including risks relating to our Scott Kleinman - Co-President @ Apollo - CrunchBase Apollo Global Management Names Scott Kleinman and James Dr. Kerry Murphy Healey serves as an independent director and Chairperson of the sustainability and corporate responsibility committee of AGMs board of directors. Corner Office. 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. Today, he has handed the reigns over to his sons, Alex, III, and Scott Quattlebaum. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. Theres over a trillion dollars on the sidelines that could be deployed, he told me. global investment platform with $242 billion of total assets under Apollo Co-President Scott Kleinman said: We believe ACT Capital is a premier financing solution for companies around the globe who require significant, Mr. Suydam received his J.D. in Economics from Duke University. Prior to that time, Mr. Suydam served as Chairman of the law firm OSullivan, LLP which specialized in representing private equity investors. 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. 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. bench of world-class talent that we continue to develop and promote at 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. He also enjoys hunting, fishing, collecting antique wooden boats, anything that involves being on the water and good wine. 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. Mr. Kleinman serves on Apollos Management and Executive Committees. The alternative asset manager also appointed co-heads of the natural resources and infrastructure businesses. An increase in 17 percent to $779 billion in deficit for the last fiscal year. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? 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. 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. Director; Joseph Azelby, Global Head of Real Assets; Lisa Bernstein, Apollos revenue-generating and investing businesses, and working Mr. Simon is currently Chairman of the Board, CEO and President of Simon Property Group. Alex was previously on the advisory board of Trident Technical College. estimate, expect, intend and similar expressions are intended to businesses, and Mr. Zelter will focus on Apollos credit and yield Mr. Suydam serves on the boards of The Legal Action Center, Environmental Solutions Worldwide, Inc. and New York University School of Law. Pauline Richards serves as an independent director and Chair of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. If you agree to our use of cookies, please continue to use our site. Mr. Beilinson has served as a director of Athene Holding Ltd. (AHL) since 2013, and is the lead independent director, the chair of AHLs compensation committee and a member of AHLs conflicts committee and legal and regulatory committee. If you will make a long-term investment in one of these zones, then you can deferyou dont eliminate, but you deferyour capital gains tax for up to 10 years, or through the year 2026. Data delayed 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. Unfortunately, at the exact same time, what were seeing is that spending has not leveled off, its not plateaued. Richard Emerson serves as an independent director and a member of the compensation committee of our board of directors.

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