Mr. Black, the billionaire chief executive of Apollo Global Management, said others’ continued association with Mr. Epstein had given him “misplaced comfort” in doing business with him.
Leon Black, Apollo Global Management’s co-founder and leader, has been facing questions from investors over his ties to the convicted sex offender. One has already opted to withhold new investment.
Mr. Black, the chief executive and chairman of Apollo Global Management, asked independent board members to examine his relationship with the convicted sex offender.
Leon Black, whose $9 billion fortune could buy the best counsel in the world, paid at least $50 million to Mr. Epstein for advice and services after most others had deserted him.
The territory’s attorney general wants to know more about Leon Black’s dealings with Jeffrey Epstein, who died while facing sex-trafficking charges.
Members of a congressional oversight panel want to know how YRC Worldwide won a $700 million loan from the Treasury Department.
The family-owned publisher of The Sacramento Bee and The Miami Herald announced the winner of its bankruptcy sale: Chatham Asset Management, the owner of The National Enquirer.
As the government rolls out trillions of dollars in emergency stimulus funds, a push by the industry has met with only modest success.
Whatever you think about it, public pensions are dependent on private equity investments for returns, and their portfolio companies employ millions.