Deals
Apollo's Leon Black Clarifies His Relationship With Jeffrey Epstein to Investors
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Leon Black, the billionaire chairman of Apollo Global Management, assured investors in the firm’s funds that his relationship with convicted sex offender Jeffrey Epstein didn’t extend to the private equity company.
“I want to emphasize that Apollo has never done any business with Mr. Epstein,” Black said in a July 31 letter to the firm’s limited partners, a copy of which was obtained by Bloomberg. “Neither Mr. Epstein nor any company controlled by him has ever invested in any funds managed by Apollo.”