Tony Ressler


Antony P. Ressler is an American billionaire private equity tycoon and venture capitalist, based in Beverly Hills. He co-founded the private equity firms Apollo Global Management in 1990, and Ares Management in 1997. The key founder of both firms is Ressler's brother-in-law, Leon Black. Ressler is the majority and controlling owner of the Atlanta Hawks. His group purchased the team in June 2015 for an estimated $730 million - $850 million.

Biography

Born in 1960 to a Jewish family, Ressler was one of five children born to Dorothy and Ira Ressler. His father was an attorney and World War II veteran. Ressler earned a BSFS from Georgetown University's School of Foreign Service, and an MBA from Columbia University's Graduate School of Business. After university, he worked at Drexel Burnham Lambert eventually reaching senior vice president in the high yield bond department with responsibility for the new issue/syndicate desk.
In 1990, on the heels of the collapse of Drexel Burnham Lambert, he co-founded the private equity firm Apollo Global Management with Leon Black, Drexel's managing director, head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department; John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; Arthur Bilger, the former head of the Drexel's corporate finance department; and Marc Rowan, Josh Harris and Michael Gross, all of whom worked under Black in the mergers and acquisitions department. In 1997, he co-founded Ares Management with former Apollo Global Management co-worker John H. Kissick and Bennett Rosenthal, who joined the group from the global leveraged finance group at Merrill Lynch.
In 2005, he belonged to an investment group that made a successful bid led by Mark Attanasio to purchase Major League Baseball's Milwaukee Brewers.
In 2015, Ressler formed a group that includes former NBA player Grant Hill, Sara Blakely, Jesse Itzler, Steven Price, and Rick Schnall, to purchase the Atlanta Hawks of the National Basketball Association.

Philanthropy

Ressler serves as a member of the Executive Committee of the Board of Directors of the Cedars-Sinai Medical Center; as Finance Chair and member of the Executive Committee of the Los Angeles County Museum of Art; as a board member of Campbell Hall Episcopal School in Studio City, California; is one of the founding members of the board and Finance Chair of the Painted Turtle Camp, an organization that takes children with chronic and life-threatening illnesses on camping trips. Ressler is also a strong supporter of military veterans through the work of The Greatest Generations Foundation.

Personal life

On June 16, 1989, he married actress Jami Gertz. They have three sons: Oliver Jordan Ressler, Nicholas Simon Ressler, and Theo Ressler. Gertz-Ressler High Academy, a member of The Alliance for College-Ready Public Schools, is named after the couple. They are members of the Wilshire Boulevard Temple.
His sister, Broadway producer Debra Ressler, is married to Apollo co-founder Leon Black. His brother, Richard Ressler, is a principal and founder of CIM Investment management.