Market Extra: Apollo head Leon Black says he ‘absolutely’ has some regrets taking firm public

It is tough to imagine a man worth $6.5 billion having many regrets in his business life, but Leon Black, chairman and CEO of alternative asset and private-equity manager Apollo Global Management LLC, 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 APO, +3.21% , Blackstone Group L.P. BX, +2.31% , KKR & Co. Inc. KKR, +3.74% and the Carlyle Group LP CG, +3.28%.

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