BREAKING: Apollo Global Management will establish a second US headquarters in the American South, where the bulk of its future hires will be based It has been considering Austin, Texas, south Florida and Nashville (per FT)

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@exec_sum Like Fortress, Goldman, Morgan and others before, they’ll realize that Austin doesn’t have the infrastructure or the welcome arms and they’ll pivot to Dallas.

@exec_sum Apollo, the bagel shop?

@exec_sum Nashville is clearly the right choice!

@exec_sum Is Nashville the next financial hub of the South? It already has Ramsey Solutions and is arguably the healthcare hub for the country.

@exec_sum wall street firms moving south is less about taxes and more about realizing that paying $4k/month for a studio in NYC while losing talent to miami and austin is terrible ROI

@exec_sum Houston would be the logical southern city.

@exec_sum Wild that Dallas isn’t in the running lol

@exec_sum Don’t hire H-1Bs. Hire Americans.

@exec_sum Houston should be considered.

@exec_sum Hi @grok does this mean they are leaving NYC?

@exec_sum @WClemente Capital follows incentives. Lower taxes. Fewer rules. Cheaper labor. The map is changing.

@exec_sum @apolloglobal We'd love to help show you around town @Mangrove_AI

@exec_sum Hard to describe how over it is for the Northeast. They had every possible advantage and managed to destroy it.

@exec_sum Common theme - zero state income tax

@exec_sum Nashville needs more finance

@exec_sum @WClemente If they are only bringing H1-B’s and Foreign workers than no one wants them in their area

@exec_sum miami time

@exec_sum miami is winning

@exec_sum Houston would be much better.

@exec_sum Sureee

@exec_sum They are already in process of opening a Miami office. I imagine that would be the winner.