Apollo veteran Josh Harris launches $5bn investment group
Josh Harris, the billionaire private equity executive who left Apollo Global Management last year after a messy succession battle, is returning to the investment industry with a firm that aims to be a contender in financial markets including private equity, credit and insurance.
The venture, named 26North, is launching with $5bn in assets under management and a team of 40 executives, according to a statement on Friday.
Among the newly announced recruits is Mark Weinberg, a veteran of Brookfield Asset Management and Lehman Brothers, who will take the reins at the firm’s private equity division.
This story originally appeared on: Financial Times - Author:Mark Vandevelde
