The backlash against Apollo Global Management Inc. over Leon Black’s ties with sex offender Jeffrey Epstein is waning, with investors lining up to entrust the firm to manage investments dedicated to social responsibility.
The New York-based firm expects to lock in more than $500 million in commitments as it aims to complete its initial phase of fundraising this month for Apollo Impact Mission, according to people familiar with the matter. Apollo aims to gather as much as $1.5 billion for the fund, the people said, which is the first of its kind for the firm.
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July 26, 2021 at 07:01PM
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Apollo Investors Look Past Black-Epstein Tie to Back Impact Fund - Bloomberg
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