- Apollo plans a second headquarters in the Sun Belt for most future hires.
- Locations under consideration include Austin, Nashville, and South Florida.
- The move aims to access broader talent pools outside of New York.
- Apollo’s headcount has more than doubled since 2020, now at 4,000 employees.
Talent Drives Sun Belt Expansion
According to Bisnow, Apollo Global Management is targeting the American South for its second headquarters to secure top talent during rapid growth. The firm manages $900B in assets and continues expanding its workforce. It surveyed partners and senior leaders on preferred locations. As a result, Austin, Nashville, and South Florida have emerged as leading contenders.
Most of Apollo’s upcoming hires are expected to work from this new base. The decision aligns with trends of asset managers broadening talent searches outside traditional financial hubs.
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Strategic Office Footprint
The move follows Apollo’s 2021 acquisition of Athene and strong staff growth. The firm has also pursued major deals to scale its platform, including a recent $1.5B transaction to take full control of a publicly traded investment manager. While its historic headquarters in New York’s Solow Building remains active, the firm has expanded across Florida, Texas, and other regions since the pandemic.
Industry-wide, financial firms have sought lower-tax, business-friendly climates, with Austin and Miami attracting a wave of high-profile corporate moves.
What’s Next
Apollo hasn’t finalized the Sun Belt city or set a timeline for launching the new headquarters. There’s no indication the New York footprint will be scaled back, but Apollo is joining a larger migration pattern as investment companies diversify their operating locations for talent and business growth.
