Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

John Zito

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
937 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

We're back.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

Let's do this again.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

Yeah.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

And that's what it's like.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

We were all on the floor having fun, and we ended up winning that deal.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

We ended up taking on $28 billion of assets.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

We brought in three partners, including MassMutual, to partner with us on the equity.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

Two sovereigns as well.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

And now we're on pace to grow that to, I think, $50 billion.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

And our long-term goal is to grow that to a $100 billion warehouse business.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

We've hired 180 people into that business.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

Completely, we'd have to restaff it with its own CFO, CRO, entire operations as a real company.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

We rebranded it Atlas.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

And now we control 280 separate warehouses.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

We're one of the go-to places to provide across all these different asset categories, and we control the front end.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

That's just right down the middle of the fairway, everything about Apollo, where it's working.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

I'd say the most time and attention the last five years I had to deal with was probably Carvana.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

And I know you know, Ernie, that situation went from us being down half a billion dollars to up a billion dollars probably in a matter of six months.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

It went from us being a lead order in a JP Morgan syndicated deal in 22 to all of the bonds a year later trading at 30, having bought another 750 to a billion of bonds on the way down.

Invest Like the Best with Patrick O'Shaughnessy
John Zito - Inside Apollo - [Invest Like the Best, EP.426]

And.