Funding News

Apollo Invests in Siebert Williams Shank

NEW YORK — Investment firm Apollo has agreed to invest in Siebert Williams Shank (“SWS”), a leading, national women and minority owned financial services firm providing investment banking, sales and trading, research and advisory services. The new commitment aims to drive larger deal flow and revenue opportunities to strengthen and expand SWS’s already robust position in the investment banking and global capital markets arena. The amount of investment was not disclosed.

As part of the strategic partnership, Apollo, along with its managed funds, will make a combined equity and credit investment that is expected to significantly increase SWS’s underwriting capacity for debt and equity offerings. This will also enhance SWS’s ability to bridge the investment and liability management needs of its corporate and municipal clients with the product expertise offered by Apollo.

“Since inception, SWS has sought to continue to grow in scope and capabilities to better serve our clients. This strategic partnership will certainly enhance our capacity and competitive position in the capital markets and maintain our strong performance-based culture as we serve clients globally,” said Siebert Williams Shank President & CEO, Suzanne Shank.

“Apollo and Siebert’s longstanding relationship spans two-plus decades, and this new strategic partnership is a natural next step to help accelerate their growth,” said Apollo Co-President Jim Zelter. “At Apollo, our commitment to expanding opportunity extends to the marketplace and making an intentional effort to support the success of diverse financial institutions and employers. SWS, already a leading player in investment banking and global markets, will be able to attract larger deals and do more for clients through this mutually beneficial relationship. We are thrilled to formally team up with Chris Williams, Suzanne Shank and the entire SWS team.”

“We are extremely enthusiastic to have earned the confidence of one of the industry’s most sophisticated alternative asset managers and look forward to identifying opportunities to leverage Apollo’s renowned expertise across multiple asset classes with the strong franchise that SWS has built among corporations, municipalities, and institutional investors,” said Christopher Williams, Chairman, Siebert Williams Shank.

This agreement is the latest expression of Apollo’s commitment to Expanding Opportunity in its workplace, marketplace and communities. Most recently, Apollo established its first-ever Foundation, with plans to provide more than $100 million over the next decade to organizations working across educational access, workforce development and economic empowerment.

Siebert Williams Shank & Co., LLC (“SWS”) is an independent non-bank financial services firm that offers investment banking, sales and trading, research, and advisory services. SWS provides customized solutions incorporating comprehensive financial advisory, capital raising and risk management guidance to clients. Dually headquartered in New York and Oakland, the firm is comprised of over 125 diverse professionals spanning 19 offices across the United States. SWS serves a broad spectrum of clients, including corporations, governments, municipalities and institutional investors.