Black Opts Out Of Apollo Stock Sale; Oaktree Founders To Sell Shares: UPDATED

While Apollo Global Management LLC may be “selling everything that’s not nailed down” as buyout king Leon Black said recently, the co-founder of the marquee private equity firm held on to all of his roughly $2.5 billion worth of Class A shares in a recent insider stock sale registration. And in a separate insider sale, two founders of Oaktree Capital LLC could each receive gross proceeds of nearly $80 million in a secondary offering.