Leon Black’s Family Office Hires JPMorgan Executive for VC Bets

Leon Black’s family office hired a former JPMorgan Chase & Co. executive to oversee his investments in early-stage businesses as he builds up his holdings outside Apollo Global Management Inc.

Nikolaos Vasilatos joined Elysium Management in May as a partner and head of venture capital. He worked for about four years in JPMorgan’s strategic investments unit, which buys minority stakes in emerging and financial technology companies.

Leon Black

Photographer: Patrick T. Fallon/Bloomberg

Black obtained loans against about $1 billion of his Apollo stock in April, enabling him to ramp up other investments without reducing his stake in the alternative-asset manager he co-founded or face ...