Twitter LinkedIn
    Friday, January 27
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Private Equity»Private Equity Giant Apollo Hires Ex-SEC Chief Jay Clayton
    Private Equity

    Private Equity Giant Apollo Hires Ex-SEC Chief Jay Clayton

    February 18, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    FILE PHOTO: Jay Clayton, Chairman of the U.S. Securities and Exchange Commission, speaks at the Economic Club of New York luncheon in New York City, New York, U.S.,September 9, 2019. REUTERS/Shannon Stapleton
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Private equity giant Apollo Global Management hired ex-SEC chief Jay Clayton, the firm announced Thursday, as it seeks to reform after the resignation of CEO Leon Black in the wake of a probe into Black’s ties to convicted sex offender Jeffrey Epstein.

    In late January, law firm Dechert LLP cleared Black of any wrongdoing in connection with his professional relationship with the late convicted sex offender and financier Epstein. Dechert’s probe found Apollo never retained Epstein for any services; Epstein never invested in any Apollo-managed funds; and that Epstein only advised Black on trust and estate planning, tax issues and philanthropic endeavors.

    Dechert also said that fees paid to Epstein by Black between 2012 and 2017 were for “bona fide tax, estate planning and other related services,” and the amounts were intended to be “proportional” to the value provided by Epstein, while there was no evidence that Black nor any Apollo employees were involved in any way with Epstein’s criminal activities. Black met Epstein in the late 1990s and they often socialized in the Caribbean, New York, Paris, Florida and New Mexico, the FT reported.

    Read more/Source: Forbes

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisitions deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Carlyle targeting $1.6B for second renewables fund

    November 18, 2022

    Comments are closed.

    Other Articles

    AM Ventures holds initial closing of EUR100m 3D printing VC fund

    March 8, 2021

    Private equity giant KKR is accelerating its ESG push with some outside help

    December 2, 2021

    Singapore-based Impact Investor Heritas Capital holds USD60m first close of Heritas Growth Fund III

    June 1, 2021

    Portugal’s ECS Draws Private Equity Interest in Hotels Sale

    February 27, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?