Scott Kleinman

Co-President of Apollo Asset Management & Director, Apollo Global Management

Search every verified Scott Kleinman interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Scott Kleinman, co-president of Apollo Asset Management, has publicly discussed the challenges facing the private equity industry, particularly regarding asset valuations and extended holding periods. Speaking at the SuperReturn conference in Berlin in June 2026, Kleinman said that longer hold periods are hurting internal rates of return and that "folks are going to have to start capitulating for sure" on valuations. He attributed the situation to a decade of near-zero interest rates that encouraged sponsors to buy assets at high prices, leaving them "stuck holding these things" as exit valuations have fallen short of expectations. Kleinman also stated that while capital is available for exits, sponsors who paid high prices may not like the valuations offered, and he noted that most private equity-owned companies are not like SpaceX or Anthropic, trading at more modest valuations. Kleinman has also discussed Apollo's broader strategy and market outlook. In a January 2026 podcast, he traced the firm's evolution from a value-oriented private equity boutique to an integrated platform spanning private credit and equity, describing how Apollo bought discounted bank debt during the global financial crisis. He has repeatedly warned that inflation is not tamed, saying in November 2024 that rates would be "higher for longer" and that the Fed's actions do not change the underlying economic conditions. Regarding the Intel joint venture announced in June 2024, where Apollo agreed to invest $11 billion in a venture controlling an Intel plant in Ireland, Kleinman said companies face "unprecedented levels of CapEx" and that private capital will play an increasingly important role in funding such needs. He also expressed caution about semi-liquid private equity products for retail investors, noting that withdrawal limitations are a feature designed to protect investors.