Overview
- Apollo told employees it plans a second U.S. base and is evaluating Texas and South Florida, with Austin and Nashville under review.
- The company said most future hiring and growth will occur at the new hub as it broadens its talent pool.
- Apollo plans to keep its New York headquarters, and it has not set a timeline or detailed any leadership moves.
- Headcount climbed from 1,700 in 2020 to about 4,000 after its 2021 purchase of life insurer Athene, reflecting strain on its current footprint.
- The effort tracks a broader Sun Belt shift, with Bloomberg counting more than 370 investment firms relocating since 2020 and marquee moves such as Citadel to Miami and Oracle to Austin.