finance
Apollo Plans Second Headquarters in Florida or Texas
Private equity firm Apollo is preparing to establish a second headquarters in either Florida or Texas, with a formal announcement expected within weeks. The move follows an internal memo signaling growth outside New York and comes as Citadel CEO Ken Griffin announced plans to expand the firm's Miami presence in response to New York City Mayor Zohran Mamdani's policies.
May 8, 2:55 PM·1m read3 sources
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Apollo Global Management is preparing to establish a second headquarters in either Florida or Texas, according to a report citing people familiar with the matter. A formal announcement on the location is expected within weeks. The new outpost could eventually house as many as 1,000 employees.
The firm currently employs more than 6,000 people worldwide. An internal memo issued earlier to employees outlined plans for significant future growth outside its longtime New York base. Apollo is scouting office space in Miami and Palm Beach, where it already maintains a small presence, as well as in Austin, Texas.
The developments were first reported by Fox Business Network's Charles Gasparino. Apollo is led by CEO Marc Rowan. The firm has not issued a public statement on the reported plans.
