Apollo Probes Leon Black’s Epstein Ties

Apollo filed an 8K with the SEC, announcing an independent investigation into Leon Black's relationship with Jeffrey Epstein, following a New York Times report about a $50 million wire transfer. The investigation aims to confirm Black's claims of a professional relationship with Epstein. Investor concerns have arisen, affecting Apollo's reputation and financial standing, with some pension funds halting new investments. The situation poses challenges for Apollo's fundraising efforts, as the firm depends on raising large funds to operate.

What are the potential implications for Apollo if the nature of the relationship with Epstein is deemed questionable?

What stance has Leon Black taken regarding his relationship with Jeffrey Epstein?