Apollo commits to London with new office to act as ‘hub’ for European expansion New office Apollo is set to open a new office in London as it seeks to continue its expansion into Europe amid a flurry of dealmaking. In a release put out today, the US private equity fund said it will combine its teams in a 88,000 square foot office at 1 Soho Place. The office – which [...]
Apollo strikes crypto deal with Anchorage in digital asset push Crypto deal Asset management giant Apollo has begun holding crypto on behalf of its clients after striking a deal with digital asset bank Anchorage Digital, in a vote of confidence in the future of crypto after a rocky few months in the market.
New breed of private capital firms will face performance headwinds City Talk Under the private equity fundraising model, every few years fund managers secure capital commitments with a 10-year duration and charge management and advisory fees during the lock-up period. While longer-dated products have emerged over time, the basic pattern has remained essentially unchanged. Unfortunately, fundraising is cyclical. Downturns require patience: fund managers must wait until the [...]
Billionaire financier Leon Black paid mistress millions for UK Golden Visa April 27, 2022 Billionaire financier Leon Black paid his Russian mistress £2m to make her eligible for a UK “Golden Visa”, in the hopes she would start a new life, far away from his home in New York. The co-founder of private equity giant Apollo Global Management transferred millions to his former mistress Guzel Ganieva after she began [...]
Apollo chairman Leon Black quits following review into his ties to Jeffrey Epstein March 22, 2021 Leon Black, chairman of Apollo Global Management, has agreed to step down from his post following an independent review of his ties with disgraced financier and convicted sex offender Jeffrey Epstein. New York City-headquartered Apollo Global Management has appointed Jay Clayton, former US Securities and Exchange Commission chief, as non-executive chairman. Black, who co-founded Apollo [...]