It’s been an eventful few years for our old friends at Apollo Global Management, the publicly traded private-equity, private-debt, and insurance behemoth with some $500 billion under management. First, there was the plenty-embarrassing scandal involving Leon Black, one of the three co-founders of the firm, and the revelations about his long-standing entanglements with the late Jeffrey Epstein. Black further embarrassed the firm through a series of revelations contained in dueling lawsuits involving him and his onetime paramour, Guzel Ganieva. Black, still a large shareholder in Apollo, is no longer associated with the firm (and has consistently denied the allegations against him).
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