Former U.S. Senator Thomas Daschle has joined the board of directors of Apollo Investment Corp., the company said on Monday, entering the growing ranks of politicians turned private equity advisers.
Daschle, a Democrat, was elected to the U.S. Senate in 1986, representing South Dakota, having served four terms as a Congressman. Daschle lost a reelection bid in 2004.
Daschle is currently a policy advisor for Alston & Bird, a Washington D.C.-based law firm, specializing in public policy issues.
Apollo Investment Corp. is a publicly traded fund affiliated with New York private equity firm Apollo Management. The company, technically known as a business development company (BDC), went public in 2004.
UPDATE: A reader sends along this link about Apollo Advisors.
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