Black’s letter to LPs

Apollo's Leon Black wrote to LPs that the firm will focus on the reputational risk of its executives.

Apollo Global Management CEO Leon Black said in a letter to LPs that the firm will focus more on the reputational risk of its executives, according to sister publication Private Equity International. Black will be stepping down as CEO following an investigation into his relationship with the late convicted sex offender Jeffrey Epstein.

Email prepared by Graham Bippart