AP Alternative Assets, L.P. (AP Alternative Assets) was established by Apollo and is a closed-end limited partnership established under the laws of Guernsey. Apollo is a leading global alternative investment manager with 25 years of experience investing across the capital structure of leveraged companies. AP Alternative Assets is managed by Apollo Alternative Assets, L.P.
AP Alternative Assets is subject to the ongoing supervision of the Guernsey Financial Services Commission. It has been registered with the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) under Article 17c of the Investment Institutions Supervision Act (IISA). Pursuant to Article 17c IISA, foreign investment institutions (other than foreign UCITS) qualify for an exception from the obligation to obtain a license if the institution is subject to actual supervision in its home country and the level of supervision is considered adequate by the Dutch Minister of Finance. In such cases, the Minister relies upon the supervision exercised in the investment institution's home country. On December 16, 2005, as amended on February 20, 2006, the Minister of Finance issued a decision stating that adequate supervision is exercised in Guernsey, as far as the supervision of ‘Class A' and ‘Class B' open-ended investment institutions and closed-ended investment institutions is concerned.
Apollo Alternative Assets, L.P. (Apollo Alternative Assets) is the management company of AP Alternative Assets. AAA Guernsey Limited (AAA Guernsey) is the managing general partner of AP Alternative Assets.
Founded in 1990, Apollo is a leading global alternative investment manager with a track record of successful private equity, credit and real estate investing. Apollo is led by its managing partners Leon Black, Joshua Harris and Marc Rowan. Apollo has offices in New York, Los Angeles, Houston, London, Singapore, Frankfurt, Luxembourg, Hong Kong and Mumbai.
The private equity business is a key component of Apollo’s investment activities. We believe Apollo has demonstrated the ability to quickly adapt to changing market environments and capitalize on market dislocations through its traditional and distressed investment approach. In prior periods of strained financial liquidity and economic recession, Apollo has made attractive private equity investments by buying the distressed debt of quality businesses, converting that debt to equity, creating value through active management and ultimately monetizing the investment. Apollo’s combination of traditional buyout investing with a “distressed option” has been successful throughout prior economic cycles and has allowed its funds to achieve attractive long-term rates of return in different economic and market environments.
Apollo’s investment approach is value-oriented and often contrarian in nature. The firm focuses on nine core industries through which it has considerable knowledge while emphasizing downside protection and the preservation of capital. Apollo has successfully applied this investment philosophy in flexible and creative ways over its 25-year history, allowing it to find attractive investment opportunities, deploy capital across the balance sheet of industry leading, or “franchise,” businesses and create value throughout economic cycles.
Apollo’s credit operations commenced in 1990 as a complement to its private equity investment activity. Apollo currently manages a number of credit funds, including mezzanine funds, senior credit funds, distressed and hedge funds, and non-performing loan funds. We may invest in, or alongside of, these credit vehicles which take advantage of the same disciplined, value-oriented investment philosophy employed with respect to Apollo’s private equity investment activities.
Apollo’s investment professionals frequently collaborate across disciplines including market insight, management, banking and consultant contacts as well as potential investment opportunities, which Apollo believes enables it to more successfully invest across a company’s capital structure.