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Apollo's Rowan: Response to Epstein investigation may not satisfy every investor

Feb 04, 2021 - Private Equity International

Apollo Global Management has admitted that its response to an investigation around Leon Black's relationship with convicted sex offender Jeffrey Epstein may not satisfy the firm's entire investor base.

Co-founder and soon-to-be chief executive Marc Rowan said on the firm's Q4 2020 earnings call on Wednesday that the "vast majority" of Apollo's limited partners, as well as their advisors and consultants, were satisfied with the governance and leadership changes made following a revi...