The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 59 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Kleinman: Hybrid equity targets low-to-mid-teens net returns with debt-like downside protection
“Hybrid is forms of equity that are more downside protected, so not swinging for the 20% rate of return per year, but low to mid-teens, net rates of return that give you more downside protection, things that look and smell like debt, but have enough equity leve…”
Kleinman: Every Apollo employee receives stock comp and citizenship-based bonuses
“Well, for one, it goes back to everybody's bonus to some extent is based on a qualitative, were they good Apollo citizen? Two, every employee at Apollo gets a portion of their comp in Apollo stock, and the stock only goes up if all the ships are rising, not if…”
Apollo is expanding into 401(k)s, mutual funds, and ETFs
“In the coming years, we've been vocal Figuring out how we're going to be accessing the four one K market, the traditional asset manager. So the mutual fund market, the ETF market, those are some of the places we're going now.”
Blackstone, Blue Owl, KKR, and Apollo have hundreds serving wealth
“Blackstone has a team of hundreds of people. Blue Owl, hundreds of people, KKR, Apollo, hundreds of people to serve the Wealth Channel.”
Seides: Insurance liabilities provide extremely low capital cost for credit managers
“It started with Apollo buying Athene, and more and more you see the insurance liability base matches really well with credit with some incremental yield, and it's an extremely low cost of capital for the managers.”
Apollo was founded to buy distressed assets originally financed by Drexel
“And a firm I eventually went to work for Apollo came out of Drexel, and their business was buying up the assets that they had been the investment bank for that actually raised the money and issued all the junk bonds.”
Brown: Top PE firms like KKR and Apollo are tokenizing fund interests
“We're also seeing firms, and most recently KKR just announced this. Apollo also announced one. Hamilton Lane as well. They are tokenizing interests of their funds and putting them on the blockchain.”
Apollo and TPG funded 80% of Harrah's $30 billion buyout with debt
“They put together a deal to buy Cesar O'Hara's for almost thirty billion dollars, putting just six billion dollars down to it. So basically, 80% of the purchase price is funded with debt”
Kleinman: Apollo deployed early 2009 distressed assets into its undrawn PE fund
“We started with deeply distressed assets, which fit squarely into our private equity fund. We had a large private equity fund at the time. It had just been raised, so basically undrawn.”
Kleinman: Worked first year at Apollo in 1996 without knowing his compensation
“I worked the whole year without really knowing what my compensation was going to be. I came and Figured I'd get a bonus at the end of the year, and the rest was history.”
Breitfelder: Human capital focuses on helping high performers peak, not clinical remediation
“The difference between my mother's passion and my own was she was very focused on restoring people to health. And looking back in it, I realized, oh, my vocation's much more helping healthy people perform at the highest possible levels.”