yahoo news | He bankrolled Jeffrey Epstein. A building on Dartmouth’s campus still bears his ...

After a $48 million gift from billionaire Leon Black and his family, Dartmouth College named its arts building the Black Family Visual Arts Center in 2012. Recent documents released by the U.S. Department of Justice have rekindled calls to rename the center, as they reveal Black’s extensive financial ties to convicted sex offender Jeffrey Epstein. A New York Times investigation published in March found that Black paid Epstein $170 million over six years, ostensibly for tax and estate work, but the reporting showed Epstein also acted as a “fixer,” helping Black conceal payments to women, devise tax‑avoidance schemes, and even plan intimidation of a potential accuser.

The revelations have prompted criticism from lawmakers such as Rep. Ro Khanna, who called it “appalling” that Dartmouth still honors Black on campus, and have revived a debate that first surfaced in 2021 when Black stepped down as CEO of Apollo Global Management amid similar scrutiny. While Black’s attorneys maintain the payments were legitimate professional fees vetted by top law and accounting firms, three women have filed civil lawsuits alleging sexual assault by Black; one case was dismissed, another withdrawn, and a third remains pending.

Dartmouth’s spokesperson, Kathryn Kennedy, said the college is taking the allegations seriously and is reviewing any new information, though it currently has no financial relationship with Black. The institution noted that Black, a 1973 graduate and former trustee, has contributed sizable gifts to Dartmouth, including millions toward the college fund and a professorship named for his father. As the debate continues, the college has not yet announced whether it will rename the arts center.

Read more: https://www.bostonglobe.com/2026/03/26/metro/nh-leon-black-epstein-dartmouth/

#jeffreyepstein #leonblack #dartmouthcollege #blackfamilyvisualartscenter #apolloglobalmanagement

yahoo news | Private Credit Funds Trap $4.6B in Redemption Limits

Private credit funds are confronting a wave of redemption requests that have left more than $4.6 billion of investor capital trapped behind withdrawal limits. Bloomberg estimates that investors have tried to pull roughly $13 billion from over a dozen funds this quarter, but because many vehicles cap withdrawals at 5 %–7 % of net assets per quarter, only about two‑thirds of the requested cash has been released. Firms such as Apollo Global Management, Ares Management, BlackRock and Morgan Stanley have already imposed caps, while others like Blue Owl Capital are expected to follow suit. The pressure stems from a mismatch between the “semi‑liquid” nature of these funds—designed for retail and smaller institutional investors—and the hard‑to‑sell loans they hold, which become difficult to liquidate when many investors seek exits at once.

Industry observers warn that limiting withdrawals can create a feedback loop: when outflows are restricted, the funds become less attractive to new investors, further tightening liquidity. Managers argue that caps are necessary to avoid forced sales of high‑quality assets and to protect long‑term investors, but critics say the restrictions have not been clearly communicated to clients. In practice, redemption requests that exceed the caps are pro‑rated, with investors often receiving only a fraction of what they asked for and having to resubmit requests in future quarters. This has led to frustration among investors, especially retail participants who may not have fully understood the liquidity constraints inherent in private credit products.

Despite the redemption surge, private credit funds continue to attract fresh capital, with over $5 billion raised on a gross basis so far this year—though this is down from previous quarters. Nevertheless, redemption rates have approached double‑digit levels for many funds, ranging from about 1 % to more than 14 % of net assets, and could remain elevated if market stress persists. The industry will need to balance the need for liquidity with the goal of maintaining asset quality, while improving transparency about withdrawal limitations to prevent a widening mismatch between investor expectations and fund structures.

Read more: https://www.wealthmanagement.com/alternative-investments/private-credit-funds-trap-5-billion-as-investors-rush-for-exit

#apolloglobalmanagement #privatecreditfunds #redemptionlimits #investorcapital #netassets

yahoo news | He bankrolled Jeffrey Epstein. A building on Dartmouth’s campus still bears his name

After billionaire Leon Black and his family pledged $48 million for an arts center, Dartmouth College named the Black Family Visual Arts Center in their honor in 2012. Recent documents released by the U.S. Department of Justice have reignited calls to rename the building, revealing that Black paid Epstein $170 million over six years—payments the New York Times reported were used to fund Epstein’s lavish lifestyle and to enlist him as a “fixer” for personal matters, including the concealment of payments to women and the intimidation of potential accusers.

The investigation details how Epstein suggested ways to obscure the money Black gave to women, brainstormed tax‑avoidance schemes, and even helped arrange introductions to women, three of whom later accused Black of rape or sexual assault—claims he denies. Black’s attorneys have dismissed the reporting as a “vicious and specious campaign.” In 2021, amid growing scrutiny, Black stepped down as CEO and chairman of Apollo Global Management. Lawmakers such as Rep. Ro Khanna have urged Dartmouth to remove Black’s name from the center, calling the continued honor “appalling.”

Dartmouth officials say they are evaluating the allegations seriously and note the college currently has no financial ties to Black. Records show Black, a 1973 Dartmouth graduate and former trustee, pledged millions to the school—including $500,000 to the College Fund, $1.6 million to a professorship, and $6.8 million in 2014 for various programs. While Black has not been criminally charged, three civil suits alleging abuse are pending—one dismissed, another withdrawn, and a third still active. The college has not announced any decision on renaming the arts center.

Read more: https://www.bostonglobe.com/2026/03/26/metro/nh-leon-black-epstein-dartmouth/

#jeffreyepstein #leonblack #dartmouthcollege #blackfamilyvisualartscenter #apolloglobalmanagement

yahoo news | Watch Epstein 'Wasting My Time' From The Grave, Says Apollo's Rowan - Bloomberg

Apollo Global Management chief executive Marc Rowan told Bloomberg that his only interaction with the late Jeffrey Epstein was in his capacity as a tax adviser to Leon Black, the firm’s co‑founder. Rowan said Epstein’s comment that he was “wasting my time” from beyond the grave was directed at him, not at the firm.

Rowan clarified that he never engaged in any business dealings with Epstein. The discussion centered on the tax issues surrounding Black’s personal affairs, and Rowan’s role was limited to providing tax advice at the request of Black’s legal and financial teams.

In a follow‑up interview with Bloomberg Invest on March 3, Rowan reiterated that Apollo conducted no transactions or partnerships with the convicted sex offender. He emphasized that the firm’s operations remain entirely separate from Epstein’s criminal activities, underscoring that Apollo’s business decisions are driven solely by its own investment strategies and compliance standards.

Read more: https://www.bloomberg.com/news/videos/2026-03-25/epstein-wasting-my-time-from-the-grave-rowan-video

#apolloglobalmanagement #marcrowan #jeffreyepstein #leonblack #taxadviser

yahoo news | Apollo’s Pest: How Epstein Courted All Three Billionaire Founders

Jeffrey Epstein was the catalyst for the most dramatic leadership change in Apollo Global Management’s history. Five years ago the late financier’s connections to founder Leon Black prompted a bruising scandal that forced Black to relinquish control of the private‑markets powerhouse to fellow billionaires Marc Rowan and Josh Harris. At the time Apollo tried to reassure investors, publishing an external law‑firm review that claimed a thorough examination of 60,000 documents and staff interviews found “no evidence” that Epstein had any relationship with the firm.

Newly released Justice Department files paint a very different picture. The trove of communications, meeting notes and financial records shows Epstein actively pursued each of Apollo’s three founding partners, seeking introductions, investment opportunities and personal favor. Prosecutors say the documents reveal a systematic effort by Epstein to embed himself in the firm’s top‑rung circles, an effort that continued long after his 2019 arrest and that ultimately contributed to the board’s decision to remove Black from the helm.

Apollo’s earlier attempt to quell the controversy now sits under fresh scrutiny. While the firm cited the independent report as proof of no substantive ties, the DOJ materials suggest the investigation was far more extensive than originally disclosed. The revelations have reignited questions about the depth of Epstein’s influence, the adequacy of Apollo’s internal controls, and what lingering reputational risk the firm may still face as it moves forward without its founding trio at the center of the saga.

Read more: https://www.bloomberg.com/news/features/2026-03-25/apollo-s-pest-how-jeffrey-epstein-courted-all-three-billionaire-founders

#jeffreyepstein #leonblack #apolloglobalmanagement #justicedepartment #epstein

How Epstein Helped Solve a Billionaire’s Problems With Women

https://fed.brid.gy/r/https://www.nytimes.com/2026/03/23/business/jeffrey-epstein-leon-black.html