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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.

Ex-Calpers CEO Buenrostro Indicted Over Apollo Investment

Money On Hook

Federico Buenrostro, former chief executive officer of the California Public Employees’ Retirement System, was charged with conspiring to trick the pension fund into paying millions of dollars in fees for a $3bn investment into funds managed by Apollo Global Management.

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