- The article discusses the rise of Apollo Global Management, founded by Drexel Burnham Lambert alumni, as a major player in the private equity and insurance industries.
- It highlights the firm's origins in the junk bond market, its strategic use of insurance portfolios like Athene, and the succession drama within its leadership.
- The piece also touches upon the ethical and legal controversies surrounding its founder, Leon Black, and positions the book 'Money to Burn' as an obituary for the Drexel generation and a history of modern private equity giants.
Topics: Private market, Institutional adoption, Legal regulatory, Private credit debt funds, Asset manager initiatives, Securities law classification
Tags: #apollo #drexelburnhamlambert #michaelmilken #junkbonds #privateequity #leonblack #williamcohan #moneytoburn #jeffreyepstein #athene
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