The Strategist
The long view, patient, analytical, playing several moves ahead.
Scott Kleinman exemplifies The Strategist archetype throughout this interview, demonstrating a sustained capacity to read structural shifts in markets and position Apollo ahead of them. Kleinman traces a deliberate evolution from opportunistic contrarianism in private equity to methodical identification of secular transitions, including the public-private convergence, the insurance annuity platform, and the democratization of alternatives through 401k channels.
“The assessment of what fits in the box and what doesn't fit in the box ultimately we want the top of the top all the time everywhere because it's not just about judgment, it's about culture and fit and bringing the right ethos to what we do every day. We're a business where your assets walk at the door every night.”
“I'm not really ready to roll out. They're still in the lab here. Have to wait and see one precursor to that. We have been scaling over the last several years our hybrid business. Hybrid is forms of equity that are more downside protected.”
“Today we touch probably 25 or 30 regulators around the globe because insurance is a 300, 400 year old industry. We were doing things differently.”
“Why are you talking to me? Go. Secondly, how is it that you have a Barmitzvah age son? I don't even have kids. And he said he got married young, and they had always talked about kids, but they finally just said, screw it, we're having kids.”
Money Maze Podcast: “The Irreversible Convergence of Public & Private Markets – With Scott Kleinman, Co-President of Apollo Asset Management”
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