It is tough to imagine a man worth $6.5bn having many regrets in his business life, but Leon Black, chairman and CEO of alternative asset and private equity manager Apollo Global Management, said that he has some regrets about taking his firm public eight years ago.
“Regrets? Absolutely. The public market doesn’t understand creatures like us very well,” Black told an audience at the Bloomberg Invest Conference in New York on Tuesday, referring to publicly traded alternative asset managers like Apollo, Blackstone Group, KKR and the Carlyle Group. The interview was conducted by David Rubenstein, co-founder of the Carlyle Group.
