London/New York | One of the biggest US public pension funds has frozen new investments with Apollo Global Management, as growing concerns about founder Leon Black’s relationship with the late convicted paedophile Jeffrey Epstein take a toll on the $US414 billion ($584 billion) private equity group.

The Pennsylvania Public School Employees’ Retirement System said it had a discussion with Apollo last week following reports that Epstein had received at least $US50 million in payments from Mr Black since 2008, when Epstein was convicted for soliciting sex from a minor.

Financial Times