SEC dropped Apollo inquiry one month after loan to Kushner firm: Associated Press

The Securities and Exchange Commission dropped its inquiry into Apollo Global Management one month after the buyout shop had given Jared Kushner’s real estate firm a $180 million loan, the Associated Press reported March 2. The story said there was no evidence that Kushner, a White House adviser, or any other Trump administration official, had a role in the SEC’s decision to drop the inquiry into Apollo. The New York Times reported Feb. 28 that Joshua Harris, an Apollo founder, met with Kushner several times in 2017. Discussions included a possible job for Harris, which never materialized. Apollo made the loan to Kushner Companies in November, which was to refinance the mortgage on a Chicago skyscraper, the NYT said. In March, Citigroup also made a $325 million loan to Kushner Companies, and one of its partners, to finance a group of office buildings in Brooklyn, the NYT said.