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. 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. 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. industries where Apollo has considerable knowledge and resources. Ms. Hormozi is also a director of a number of AHLs US subsidiaries. Assets ($13 billion of AUM) funds invested across a core group of nine 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. Mr. Clayton served as Chair of the SEC from May 2017 through December 2020. structure affirms and strengthens the inherent power of our integrated 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. The most active insiders traders include Marc J Rowan, Leon D Black, and Joshua Harris. PD=Previous Day. What type of business do you see taking advantage of this Opportunity Zone? Kappa. Scott Kleinman is lead partner for private equity at Apollo Global Management, LLC in New York City. An active philanthropist and civically engaged, Mr. Rowan is a founding member and Chair of Youth Renewal Fund and Vice Chair of Darca, Israels top educational network operating 45 schools with over 25,000 students throughout its most diverse and under-served communities. 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 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. 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. Ms. Hormozi was Executive Vice President and General Counsel of Revlon, Inc. from April 2015 to July 2019, where she was responsible for overseeing Revlons legal affairs worldwide. We undertake no obligation to If you agree to our use of cookies, please continue to use our site. Mr. Simon served as an independent director of Apollo Asset Management, Inc.s board of directors from June 2021 through December 2021. Marc Rowan, chief executive officer of Apollo Global Management Inc., gave $150,000, businesses, and Mr. Zelter will focus on Apollos credit and yield http://www.businesswire.com/news/home/20171113005364/en/. Mr. Belardi swam in the 1976 and 1980 Olympic Swimming Trials and is a nine-time Masters Swimming World Record Holder. 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. On average, Scott trades about 19,608 units every 10 days since 2004. Marc A. Beilinson serves as an independent director and Chairperson of the compensation committee of our board of directors. Scott attended the College of Charleston and also holds an associate's Ms. Richards also serves as a member of the Audit and Governance Committees of the board of directors of Wyndham Hotels and Resorts. 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. 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. | Raymond McCrea Jones for POLITICO. He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed. | Raymond McCrea Jones for POLITICO. 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. Today, its in the low 6 percent range. The second example would be, we are heading towards a service economy in South Carolina. opportunity to take on this new role. Our economy is absolutely moving in the direction of people deciding the quality of life they want, the location they want. 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. in Economics from Duke University. The strategy launches with $4 billion in deployable capital from Apollo affiliates and strategic partners and will enable investment into a diversified global portfolio of yield and hybrid investments.1, Last year, Apollo launched its Sustainable Investing platform, which targets deploying $50 billion in clean energy and climate capital by 2027 and sees the opportunity to deploy more than $100 billion by 2030. Ms. Joyner served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. So in the next several months, $25 billion to $30 billion. Mr. Beilinson has previously served on the boards of directors and audit committees of a number of public and privately held companies, including Westinghouse Electric, Caesars Acquisition Company, Wyndham International, Inc., Apollo Commercial Real Estate Finance, Inc., Innkeepers USA Trust and Gastar Inc. Mr. Beilinson has a Bachelor of Arts in political science from the University of California, Los Angeles and a Juris Doctor from the University of California Davis Law School. If you agree to our use of cookies, please continue to use our site. Dr. Healey served as an independent director of AAMs board of directors from March 2021 through December 2021. related to Apollos expectations regarding the performance of its The program would allow investors who direct their money into distressed communities to defer capital gains taxes for up to 10 years. the University of Pennsylvania. High Yield franchise. David Simon serves as an independent director. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at Ms. Richards graduated from Queens University, Ontario, Canada, with a BA in psychology and has obtained certification as a CPA, CMA. Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, 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. 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. 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. They both will continue to serve on the investment These forward-looking statements are based on managements beliefs, as well as assumptions made by, and information currently available to, management. a member of Apollos Management Committee, and Chief Executive Officer Previously, she held senior positions at Bowman Capital Management LLC and Capital Guardian Trust Company. Vectra Co. Today, the company is run by Alex, Jr.'s sons, Alex, III and Scott Quattlebaum, and focuses on both industrial and commercial development. Ms. Joyner is an independent director of First Republic Bank, a position she has held for over 17 years. Mr. Belardi has a Bachelor of Arts degree in economics from Stanford University and a Master of Business Administration from the University of California, Los Angeles. I think a realistic estimate in the first few years would be about $100 billion. It certainly allows for the creation of jobs and, frankly, for a walkable economy, for the ability to walk to work. 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. 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. Today, he has handed the reigns over to his sons, Alex, III, and Scott Quattlebaum. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. A conversation with Sen. Tim Scott, the Republican trying to bring development to disadvantaged communities. Scott and Jim are two of the most talented investors and managers in 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. I look at it from a common-sense perspective and I ask myself, Is there a way for me to positively impact the lives of 50 million Americans by providing an incentive to unlock investments for those areas? And from my perspective, this is a free-market approach to doing so. 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. A certified pilot, he has flown across the U.S., Canada and the Caribbean. 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. White: taking advantage of connectivity. Ms. Joyner holds a BA from Dartmouth College, an MBA from Harvard University and an Honorary Degree from Dartmouth College. Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. She also served as an Assistant United States Attorney prosecuting high-profile complex racketeering cases in the Eastern District of New York. 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. There are 17 older and 2 younger executives at Apollo Global Management Inc. global investment platform with $242 billion of total assets under responsibility for all of Apollos revenue-generating and investing Portfolio. Through Athene, Apollos retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. How do you approach this as a Republican, when the classic Republican thinking is, Just let the market decide? media inquiries regarding Apollo:Rubenstein Associates, Inc. for Scott, for his part, said he thought the program could create enormous investment within just a couple of years. I think a realistic estimate in the first few years would be about $100 billion. Mr. Kelly was appointed a Partner of the firm in 1999. Communicationsgstein@apollolp.comorNoah business, its liquidity and capital resources and the other Development and Investor Relationship Management; Martin Kelly, Chief Scott attended the College of Charleston and also holds an associate's degree in construction project management. 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. NEW YORK, May 19, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) 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. 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. Alex, who has traveled, worked and lived across the world, made his first entry on the international scene as one of the original 35 members of the Peace Corps in 1961. Apollo had assets under management of approximately $433 billion as of September 30, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. record. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating businesses and enterprise solutions across its integrated alternative investment platform. When 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. Recent Posts. Apollo Global Management, LLC (together with its consolidated 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. As of 19 February 2021 he still owns at least 1,460,908 units of Apollo Global Management Inc stock. When used in this press release, the words believe, anticipate, He left the Harllee-Quattlebaum Company in 1986 to pursue development work on his own, but in 1996 took over the company after the death of his uncle, renaming it Quattlebaum Development Company. Mr. Kleinman joined Apollo in 1996, 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. 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. Tax incentives havent always proved successful in addressing entrenched poverty or stopping the decline of local economies based on old-line industries. 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: 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. 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. First would be, in South Carolina, we are a transportation-centric state. QuoteMedia. He is a member of the Carolina Yacht Club, the Country Club of Charleston, and the St. Andrews Society. He currently serves on the board of directors of ISG, Paulist Productions, where he chairs the investment committee, and Southern California Aquatics. A.B. Scott Kleinman - Co-President - Apollo Global Management Inc. It continues to increase. Although management believes that 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. Donor Carl Goldsmith 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. 7F, 1-1-12 Akasaka, Minato-ku, Tokyo, Co-President, Apollo Global Management, New York, Task Force on Global Capitalism in Transition. The correlation, of course, is that education and opportunity are like wet and water. Mr. Kleinman lives in Westchester County, New York with his wife Wendy and their three children. Apollo is a leading global alternative investment manager with offices 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. Scott: We could spend a long time talking about education because I think it really is the forerunner to opportunity. Mr. Kleinman joined Apollo in 1996, and in 2009 he Back on U.S. soil and after graduating from Clemson in 1965, Alex began working for his family's construction company, which moved to Charleston in 1974, in a variety of roles, rising from assistant superintendent to president. website at www.sec.gov. So weve cut taxes, but we always have believed in the Laffer Curve or the inverse relationship. Ive been on a national opportunity tour. How does it break down between rural and urban? 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. 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. Quattlebaum Development Company is a third generation family-owned and operated real estate development company in Charleston, S.C., specializing in industrial sites. 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. Mr. Ducey served as Chair of the conflicts committee of AAMs board of directors from 2011 through December 2021. bench of world-class talent that we continue to develop and promote at The second is the education pillar. I think a realistic estimation, in the first few years, would be about $100 billion.. Scott spoke to POLITICO from his office in North Charleston, S.C. From 2003 to 2005, Mr. of the worlds leading alternative investment managers.. in History from the State University of New York at Albany.
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