AP Alternative Assets, L.P.

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Publicatie datum 13 aug 2008 - 23:54

Statutaire naam AP Alternative Assets, L.P.

Titel AP ALTERNATIVE ASSETS RELEASES ITS FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2008

Bericht AP ALTERNATIVE ASSETS RELEASES ITS FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2008 AP Alternative Assets, L.P. (“AAA”, Euronext Amsterdam: AAA) today released its financial results for the three and six months ended June 30, 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”. . AAA’s second quarter highlights: • Actual and deemed distributions of $48.3 million, or $0.50 per unit, made to or on behalf of unitholders during the quarter, up from $0.20 per unit at June 30, 2007. • Net asset value, net of distributions, approximated $1,967 million, or $20.32 per share, representing a decrease of $37.0 million, or $0.41 per unit, during the second quarter of 2008. Investment Partnership’s second quarter highlights: • In the second quarter of 2008, the Investment Partnership purchased investments of $148.8 million primarily in debt investments vehicles. • During the second quarter of 2008, Verso Paper Corp. (NYSE: VRS), a portfolio company, completed its initial public offering. • During the quarter, the Investment Partnership received a dividend of $12.6 million from Noranda Aluminum Holding Corporation. • Net change in unrealized appreciation on investments for the three months ended June 30, 2008 was $(20.1) million. • Private Equity Co-Investments had a net decrease in unrealized appreciation during the quarter of $57.4 million, primarily due to the change in fair value of several of our portfolio companies in the packaging and materials, retail and leisure sectors. • Capital markets investments had a net increase in unrealized appreciation during the quarter of $37.3 million, with $30.4 million of this increase in unrealized appreciation attributable to the Strategic Value Fund. Josh Harris, a managing partner and president of Apollo Global Management, commented: “Apollo’s ability to move quickly and the sheer scale of its buying

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200808130000000030_AAA Results Q2 2008 - FINAL.pdf (opens in a new window)

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