Apollo Global Management LLC
BRIEF: For the three months ended 31 March 2013, Apollo Global Management LLC revenues increased 69% to $1.31B. Net income applicable to common stockholders increased from $83M to $210.3M. Revenues reflect Private Equity segment increase from $540.9M to $1.1B, Real Estate segment increase of 30% to $15.7M. Net income benefited from Equity-based compensation decrease of 70% to $45.3M (expense).
Class A Common Stock No Par, Shares auth. and o/s after the offering: Unlimited auth., 97,921,232 issd. IPO: TBA insiders 4.96%
Apollo Global Management, LLC (Apollo) is a global alternative asset manager. The Company’s primary business is to raise and invest private equity, capital markets and real estate funds as well as managed accounts, on behalf of pension and endowment funds, as well as other institutional and high net worth individual investors. For these investment and management services, Apollo receives management fees generally related to the amount of assets managed, transaction and advisory fees for the investments made and carried interest income related to the performance of the funds managed. Apollo has three business segments: Private equity, Capital markets and Real estate. In March 2013, The McGraw-Hill Companies Inc completed the sale of its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC, and the Company acquired AURUM Holdings Ltd.