Bloomberg Talks
Apollo Co-President Scott Kleinman Talks Inflation
Nov 12, 2024
Scott Kleinman, co-president at Apollo Global Management Inc., offers a keen perspective on the current financial landscape. He warns against complacency regarding inflation and interest rates. The discussion covers Apollo's ambitious plan to manage $1.5 trillion by 2029, providing insight into the complexities of private equity in a high-rate environment. Kleinman also highlights strategic partnerships and the keen need for innovative financing. On a personal note, he emphasizes the value of therapy for emotional well-being in the high-stakes finance world.
12:30
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Quick takeaways
- Scott Kleinman emphasizes the need for strategic investment in fixed income to achieve Apollo's ambitious $1.5 trillion AUM goal by 2029.
- The evolving regulatory landscape and persistent inflation require private equity firms to adapt strategies to mitigate risks and capitalize on market opportunities.
Deep dives
Growth Strategy and Asset Management
The goal to double assets under management (AUM) to $1.5 trillion by 2029 highlights a strong growth strategy. Achieving this target relies on delivering high-quality investments that yield substantial returns, rather than merely accumulating capital. The focus is on identifying opportunities in the market, especially within fixed income, to enhance returns without incurring additional risks. This approach demonstrates a commitment to providing alpha to investors, which is essential for long-term business sustainability.
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