Apollo Gets Boost From Inflows as Fundraising Threats Swell (1)

Apollo Global Management Inc. added to its cash stockpile during the third quarter ahead of mounting challenges for the firm’s fundraising efforts.

The New York-based firm took in $13 billion, led by inflows for credit strategies and real assets, the company said Thursday in a statement.

The stock was down 2.9% at 9:41 a.m. in New York on Thursday.

Apollo is encountering fresh fallout from co-founder Leon Black’s links to convicted sex offender Jeffrey Epstein as it seeks money for a range of strategies. Investor pressure on the firm has grown since the New York Times reported this month ...