AP Alternative Assets, L.P.
Hieronder vindt u informatie uit het register openbaarmaking voorwetenschap. Deze informatie is door de organisatie verstrekt.
Publicatie datum
29 mei 2008 - 01:13
Statutaire naam
AP Alternative Assets, L.P.
Titel
AP ALTERNATIVE ASSETS RELEASES ITS FINANCIAL RESULTS RELATING TO THE QUARTER ENDED MARCH 31, 2008
Bericht
AP ALTERNATIVE ASSETS RELEASES ITS FINANCIAL RESULTS RELATING TO THE QUARTER ENDED MARCH 31, 2008
Guernsey, Channel Islands, May 29, 2008
AP Alternative Assets, L.P. (“AAA”, Euronext Amsterdam: AAA) today released its financial results for the quarter ended March 31, 2008.
AAA invests its capital through, and is the sole limited partner of, AAA Investments, L.P., which is referred to as the Investment Partnership. At March 31, 2008, the Investment Partnership’s net asset value was allocated as follows:
% of Net Asset Value
Private Equity co-investments 53%
Apollo Strategic Value Fund 29
Apollo Investment Europe 16
Apollo Asia Opportunity Fund 12
Apollo European Principal Finance Fund 8
Temporary investments and other assets 3
Borrowings under credit facility and other liabilities -21
100%
Overview
As of March 31, 2008, the net asset value of AAA approximated $2,004 million, or $20.73 per common unit. This compares to $2,131 million, or $22.06 per common unit, as of December 31, 2007.
Josh Harris, a managing partner and President of Apollo Global Management, commented, “The past year has tested the core principals of many organizations. The key as we have learned from past cycles is to stay focused on good fundamental credit quality while taking advantage of a combination of depressed market prices and favorable terms from motivated sellers. AAA is able to take advantage of this dynamic on both sides of the equation through private equity and credit oriented capital markets investments.”
Results of Operations
Operating results for AAA for the three months ended March 31, 2008 and 2007, were highlighted by the following:
• The net decrease in net assets resulting from operations was approximately $(127.8) million, or $(1.33) per common unit, for the three months ended March 31, 2008, compared to an increase of $89.2 million, or $0.92 per common unit, for the three months ended March 31, 2007
• Net change in unrealized appreciation of AAA’s limite
Datum laatste update: 27 juli 2024