Page 1796 


People News: TPG, Morgan Stanley, UBS

Morgan Stanley building

TPG Capital hired Sanghoon Lee from Morgan Stanley as a partner to find and manage investments in South Korea, more than eight years after the private equity firm’s last major deal in the nation.

Four Apollo Global Management private equity affiliates settle with SEC

SEC Building

The Securities and Exchange Commission have announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7m settlement for misleading fund investors about fees and a loan agreement and failing to supervise a senior partner who charged personal expenses to the funds.