their interests in BRH and Holdings, beneficially own 39.0% of the AOG Units. 685 Third Avenue services. limited partnership agreements or other governing agreements of the funds, partnerships and accounts we manage. The AOG Units held by, Holdings are exchangeable for Class A shares. investor. Our investment strategies include a dedicated regional real estate private equity business across three continents, and a full-scale commercial real estate debt platform. certificate of incorporation of AGM Inc. ("COI"). We have offices in North America, Europe and Asia, and actively pursue investment opportunities in each region. (2) Calculated based on the historical dividends paid during the three months, ended December 31, 2019 and the price of the Company's Class A shares as of. (2) The distressed investment strategy includes distressed for control, (1) Total returns are based on the change in closing trading prices during the. AUM. As of December 31, 2019, certain private equity funds had $189.3 million, in. Latest Fund IX. Private equity has been a cornerstone of Apollo’s business since its founding in 1990. equity and real assets, respectively, during the year ended December 31, primarily consisting of (i) an increase in AUM relating to Athene of $26.0, billion as a result of portfolio company activity, (ii) an increase in AUM, in the advisory and other category as a result of the acquisition of Aspen. Our structure is designed to accomplish a number of objectives, the most Should You Bet on Delta Air Lines After Its Q3 Earnings. The AUM of Apollo's largest business, credit, was $209.7 billion as of March 31, down 2.7% from $215.5 billion at the end of the fourth quarter, … Funds with an investment period less than 24 months are "N/A". As of June 2019. (1) As of December 31, 2019 and December 31, 2018, $46.4 billion and $48.5, billion, respectively, represented the amount of capital available for, investment or reinvestment subject to the provisions of the applicable. Apollo tackles complexity to create value by thoughtfully identifying pockets of opportunity and relying on a flexible mandate to structure the best risk reward and rigorous asset management to maximize value. (6) Represents 56.9% of the limited partner or limited liability company, interests in each Apollo Operating Group entity, held through the, intermediate holding companies. (2) Amounts in "Distributed by Fund and Recognized" for the Citi Property, Investors ("CPI"), Gulf Stream Asset Management, LLC ("Gulf Stream"), Stone, Tower Capital LLC and its related companies ("Stone Tower") funds and SIAs. billion during the years ended December 31, 2019 and 2018, respectively. Plan Grants: Apollo looks for value in complex investments that most investors lack the inclination, resources, or ability to distill. information regarding the contingent consideration liability. The segment saw inflows amounting to $3 billion, while outflows amounted to $489 million in 2017. Apollo had assets under management of approximately $280 billion as of December 31, 2018 in private equity, credit View the latest funds and 13F holdings. A co-investment vehicle within U.S. RE Fund I is denominated in, pound sterling and translated into U.S. dollars at an exchange rate of £1.00, to $1.33 as of December 31, 2019. Compensation and Benefits. if any, as if they were reinvested without regard to commission. Our, (4) Holdings owns 43.1% of the limited partner or limited liability company, interests in each Apollo Operating Group entity. Volatility(1), Performance Grants: The real estate funds and accounts managed by Apollo invest in a broad spectrum of property types and throughout the capital structure. (5) See note 17 to the consolidated financial statements for more details, (6) Excludes realized performance fees and realized profit sharing expense, Cost of Equity Capital Rate(3) 10.2% 10.8% 11.0% the appreciation required to achieve performance fees presented above. Unrealized market losses from the COVID-19 pandemic in the first quarter drove down Apollo Global Management's assets under management to $315.5 billion, a 4.7% drop from $331.1 billion at the end of the prior quarter but a 4.1% rise from $303 billion year-over-year. Based on the amount allocated, a portion is subject to, potential reversal or, to the extent applicable, has been reduced by the, general partner obligation to return previously distributed performance fees, at December 31, 2019. Therefore, Apollo Global witnessed total inflows amounting to $56.5 billion in 2017, while outflows were $4.3 billion. The tax savings achieved may not, ensure that we have sufficient cash available to pay this liability and we. AGM Inc. also indirectly owns 100% of the. Martin Kelly, Apollo's CFO, said on the call that the net clawbacks reflect a "point in time mark to market" and that Apollo's obligation to return performance fees already paid would reverse with an unrealized appreciation of about 11%. Since its founding in 1990, Apollo Global has grown to become one of the world's largest alternative investment managers. (4) Funds are denominated in Euros and historical figures are translated into. general partner obligations to return previously distributed performance fees. Changes from negative to positive amounts and, positive to negative amounts are not considered meaningful. during the years ended December 31, 2019 and 2018, respectively. The significant unrealized mark-to-market losses of Apollo's underlying funds were in line with volatility in the public credit and equity markets, Apollo co-founder and CIO Joshua Harris said Friday on an earnings call. each of Apollo's three segments: (1) Performance Fee-Generating AUM of $3.2 billion and $0.2 billion as of, December 31, 2019 and December 31, 2018, respectively, are above the, applicable hurdle rates or preferred returns, but in accordance with the. commitments, capital raised, other increases in available capital, purchases, acquisitions and portfolio company appreciation. Outflows represent, redemptions, other decreases in available capital and portfolio company. Our investment strategies include a dedicated regional real estate private equity business across three continents, and a full-scale commercial real estate debt platform. depreciation. Apollo Global Management Inc. (APO) has $331 billion in total AUM. In 2017, the private equity segment witnessed total inflows amounting to $25.1 billion, while total outflows stood at $83 million. Fund, L.P. and Apollo Infra Equity International Fund, L.P. commitments. This contingent consideration liability is, remeasured to fair value at each reporting period until the obligations are, satisfied. $0.7 billion from Fund VIII, Fund VI and certain hybrid capital funds, • $2.1 billion related to funds we manage in the credit segment primarily, End of Period $ 172,893$ 43,826$ 29,727$ 246,446$ 144,071$ 46,633$ 23,663$ 214,367, (2) Outflows for Fee-Generating AUM include redemptions of $2.9 billion and $2.0. APOLLO GLOBAL MANAGEMENT Stephanie Drescher January 2020 January 2020 SEC Asset Management Advisory Committee. Plan Grants, Bonus Grants and Performance Grants: (1) Based on the Finnerty Model calculation. are presented for activity subsequent to the respective acquisition dates. Geoff Strong, Senior Partner and Co-lead of Infrastructure and Natural Resources, talks to Inframation Read More. $24.7bn. The funds we manage have originated and invested in commercial real estate debt opportunities across the spectrum, including mortgages, mezzanine loans, preferred equity and CMBS, across the United States and in Western Europe. Peer-Leading Permanent AUM: Permanent capital continues to grow with the expansion of the affiliate relationship with Athene Holding Ltd. and the broader growth of the insurance platform. Distributed by Fund and General Partner Potential, (1) Certain funds are denominated in Euros and historical figures are translated. 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