Private Equity Firm Apollo Considering Opening Miami Office, With Employees Saying They Prefer To Live Here

Apollo Global Management, a private equity firm with $414 billion under management, is considering opening a Miami office.

The new office in Miami is being considered after the company surveyed employees on where they would like to work from, a spokesperson told Bloomberg.

An office in West Palm Beach is also under consideration following the survey.

Apollo has 1,729 employees.

The company is considering experimenting with the new offices in more attractive cities such as Miami in an effort to attract top tier talent.

The company is headquartered in New York. Although a major tax increase was recently announced there, the company currently has no plans to move its main offices from there.

Apollo recently led a $345 million construction loan to build Miami Beach’s tallest tower, Five Park, along with Blackstone, another company that also recently opened a Miami office.

 

 

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Anonymous
3 months ago

Come on down!!

Anonymous
3 months ago

Miami is way nicer for a young crown of talents. Once done working and retiring they can move to West Palm Beach😂

Anonymous
3 months ago

West Palm Beach has seen a private equity and hedge fund boom from people relocating from places like Greenwich, Connecticut.

When they retire, they’ll move to Vero Beach or something.

Anonymous
3 months ago

Everyone wants to live in Miami until they actually live here for 2-3 years and realize onlyindade’s story is a real life hourly occurrence

Anonymous
3 months ago

10000000% true. I moved to Miami from New York, lived in Miami for 3 years and packed up and left in a HURRY lol.

If I heard “hold on papi” one more time while waiting for anything I was going to lose it.

Anonymous
3 months ago

Build it in Miami. The people that want it in West Palm Beach are probably the type to keep on working from home anyway.

Anonymous
3 months ago

That building is stunning.
Hint, hint to all architects and designers who will be designing towers for this side of the bay.

Anonymous
3 months ago

How is this building stunning? There are at least ten of them in Brickell.

Anonymous
3 months ago

It’s not stunning.

Anonymous
3 months ago

The company is headquartered in New York. Although a major tax increase was recently announced there, the company currently has no plans to move its main offices from there.

Anonymous
3 months ago

As long as NY financial firms open some kind of office in Miami as an outpost is a win for the local economy. South Florida needs more diversity in financial services beyond offshore wealth management.

Anonymous
3 months ago

it is the same story in every one of these cases, big wigs plus few assistants move down so they can save few bucks.. thats it, end of story. These types of moves have been going on forever, but it was never made public before, of course now its being used for obvious purposes

Anonymous
3 months ago

hahahahahhaaaa…oh, my stomach…who is writing this stuff, man? lol…ooooh weee…you all are real funny. Man. Hello, I am from Miami and my name is Gullible.

Anonymous
3 months ago

The hype these articles get is hysterical to me. The TALENT POOL isn’t in Miami. They will want to attract top talent and the Florida education system doesn’t produce that. Not to mention the lack of arts (museums, cultural activities), public transportation as well as the brutal summers. New York winter isn’t great but its relatively short compared to the summer in Miami.

New York isn’t going anywhere but satellite offices may be a good foothold for south Florida to get its feet wet.

Anonymous
3 months ago

So true….Miami is being used like a pawn in this scenario and TNM is falling for it. These New York companies are baiting NY state into giving them tax breaks or they threaten to “leave”….its already working as NY State is reducing tax implications for these funds.

Anonymous
3 months ago

Summer in NYC is nothing to write home about either. The heat and humidity are compounded by the dense urban landscape. In Miami anyone can escape to the beach whereas in NYC it’s pretty tough to trek to a decent beach. Also, NYC winters aren’t particularly short or mild with yearly spells of arctic temps and nor’easters that grind the city to a halt.

Miami is a borderline tropical city. While officially “subtropical”, the temperatures are warm but nothing especially brutal. To Americans that are accustomed to colder temps it’s a bit of a shock, but to the millions that live in places like Hong Kong, Taipei, Manilla and Jakarta etc. it’s totally normal.

Anonymous
3 months ago

The problem with NYC/Northeast isn’t just the winters, its much broader than that. Its only actually nice out with any consistency June 15 – Sept 15. If you want to be generous you can say June 1- Sept 30. It also gets dark before 5pm 3 months of the year (even longer in Boston). Many days where its just cloudy, gray and dead looking. I’d 100% take 3 months of brutal winter over South Florida’s extended summer season if in the Northeast the other “shoulder” months were sunny and 70 but they aren’t.

Anonymous
3 months ago

Really hot days in NYC is late June to end of August.
Fall is beautiful and Spring time is delicious. Yes of course there are days in Summer when a heat wave goes by that it’s miserable but then comes a relief.
Here, it’s a perpetual heatwave for 8 months

TransitDave
3 months ago

wrong you are. Miami and the keys are tropical, according to the Florida gardening guide. An interesting but of almost useless trivia, but true.

Anonymous
3 months ago

Miami is not like NY but it has a lot of events like art basel, the miami book fair, the biggest book fair in the usa the sobe wine and food festival and many more events. a prestigious school won’t necessarily make you a talented worker, after you graduate it’s the experience that you gain that will make you a talented employee

Anonymous
3 months ago

Of course they want to move here….just like I would have preferred going to college at University of Miami doing drugs and chasing hot women; however, reality set in and I went to a top school (Ivy) instead and delayed my gratification by moving to Miami AFTER I built up my career and wealth elsewhere and brought it here with me.

Anonymous
3 months ago

Be honest.. You graduated from trucker school.

Anonymous
3 months ago

Ivy, followed by top 20 MBA School…you still working on your GED?

Anonymous
3 months ago

Did yiu get the hot women or turn them off with your “education snobbery”? Fellow Ivy Leaguer and top 10 MBA and Law school graduate. Instead of touting your education get a Bentley like I did. So much less superficial. Most hot Miami women can recite the list price of exotics but don’t care about your education….get real. Focus on the important stuff!

Anonymous
3 months ago

I think you got it partially wrong. The University of Miami is a private school. Doing “drugs and chasing hot women” mostly goes on at State Universities.”

Anonymous
3 months ago

It is still a party school…like Boston U and Syracuse—also private schools.