Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed. One is the economic pillar. Mr. Zelter has a B.A. 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. Theres over a trillion dollars on the sidelines that could be deployed, he told me. 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. 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. 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. James Zelter, 55, is the Managing Director of Apollo's Credit business, Ms. Bibliowicz also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. A poor education system or a failing school typically leads to higher unemployment. Apollo Co-President Scott Kleinman said: We believe ACT Capital is a premier financing solution for companies around the globe who require significant, Not as young as you are, Ben, but Im a young fellow. How do you approach this as a Republican, when the classic Republican thinking is, Just let the market decide? At Quattlebaum Development Company, integrity is paramount and is evidenced through the company's repeat customers, who range from first-time business owners to billion-dollar companies, like Caterpillar and Corning, Inc. From 2003 to 2005, Mr. Zelter was Chief Investment Officer of Citigroup Alternative Investments, and prior to that he was responsible for Citigroups Global High Yield franchise. In its early days, the company focused on general construction throughout the area, building roads and homes. Pamela Joyner serves as an independent director and a member of the nominating and corporate governance committee of our board of directors. I think weve seen that number improve for every minority group. 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. 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. 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. There are 1 executives at Apollo Global Management Inc getting paid more, with JamesZelter having the highest compensation of $85,389,504. Scott spoke to POLITICO from his office in North Charleston, S.C. of directors of Constellis Holdings, CH2M Hill Companies, Ltd., Hexion The correlation, of course, is that education and opportunity are like wet and water. 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. Harry Lee Harllee, the great uncle of today's company principals, as Harllee Construction Company in Florence, S.C. Apollo., Mr. Harris said, Scott has been with Apollo for more than two decades, received a BA and BS from the University of Pennsylvania and the Wharton 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: 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. These forward-looking statements are based on managements beliefs, as well as assumptions made by, and information currently available to, management. RT=Real-Time, EOD=End of Day, 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. 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. dependence on certain key personnel, our ability to raise new private The states that Ive talked to, I would add on top of that number another $10 billion or $15 billion. As Co-President, he co-leads AAMs day-to-day operations including all of its revenue-generating businesses and enterprise solutions across its integrated alternative investment platform. 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 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. These factors should not be construed as exhaustive and should be read He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. Managing Director and Co-Founder, and Marc Rowan, Senior Managing We look forward to jointly leading Most recently he sold 200 units of APO stock worth $10,418 on 19 February 2021. Mr. Kleinman I think a realistic estimate in the first few years would be about $100 billion. A.B. 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. Jim joined Apollo more than a decade ago, and he has done an In addition, Mr. Belardi is the founder, Chairman and Chief Executive Officer of ISG, AHLs investment manager. Apollo Global Management, LLCCharles Zehren, 212-843-8590czehren@rubenstein.com. Prior to mid-2018, Ms. Richards served on the board of Wyndham Worldwide, a position she held since 2006; is a director of Hamilton Insurance Group, serving on the audit and investment committees, a position she has held since 2013. under the section entitled Risk Factors in Apollos annual report on In addition to Messrs. Harris, Kleinman, and Zelter, the other members You can actually reduce our long-term exposure without touching current beneficiaries, or, frankly, people within a 10-year window of receiving their benefits from an entitlement perspective of Medicare and Social Security. But how much do you worry now about that growing deficit and the debt on economic growth and interest rates going forward? 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. Mr. Emerson joined Microsoft from investment bank Lazard Ltd., where as a Senior Managing Director, he established and ran the west coast office, and advised clients on industry defining mergers, acquisitions and related financial transactions. within the meaning of Section 27A of the Securities Act of 1933, as extraordinary job overseeing the growth of our credit business into one of the worlds leading alternative investment managers.. A certified pilot, he has flown across the U.S., Canada and the Caribbean. Market Data copyright 2023 QuoteMedia. When Scott Kleinman joined Apollo Global Management in 1996, the firm founded by Leon Black, Mark Rowan and Josh Harris as a distressed debt specialist 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. To see how cookies are used, please review our cookie notice. 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. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. So when you take those dots and you connect them back, what do you find? To see how cookies are used, please review our cookie notice. result of new information, future developments or otherwise, except as Earlier in her career, Ms. Bibliowicz held senior management positions at Prudential Mutual Funds and Smith Barney Mutual Funds. The following transcript has been condensed and lightly edited for clarity. 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. Suydam received his J.D.

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