Apollo's Josh Harris Breaking Away to Start Own Fund

The transcript discusses the launch of a new private equity fund by a co-founder of Apollo, who was passed over for the CEO position. The fund will focus on smaller middle-market deals with a target of $5 billion, and it will not directly compete with Apollo. The news is significant as it marks a new era in private equity, with the individual aiming to build a team and invest again. The catalyst for this move was being passed up for the CEO role at Apollo, with Mark Rowan taking over. This shift is expected to have a notable impact on the private equity landscape.

What is the target amount for the new private equity fund being started by the Apollo co-founder?

• $1 billion

• $3 billion

• $5 billion

• $10 billion

How does the new fund plan to differentiate itself from Apollo?

• By focusing on larger deals

• By targeting smaller middle-market deals

• By investing in technology startups

• By operating in a different country

Why is the co-founder leaving Apollo?

• He is moving to a different industry

• He is starting a new tech company

• He was passed up for the CEO position

• He wants to retire

Who is taking over the CEO position at Apollo?

• Sabrina Wilmer

• Mark Rowan

• Josh Harris

• Leon Black

Which of the following was NOT mentioned as part of the three-man team at Apollo?

• Leon Black

• Josh Harris

• Mark Rowe

• Heather Perlberg