Guernsey, Channel Islands,
June 1, 2007
AP Alternative Assets, L.P. (Euronext
Amsterdam: AAA) announced today that AAA Investments, L.P. (a vehicle
through which AP Alternative Assets makes investments in certain private
equity and capital markets funds sponsored and managed by Apollo, and
in which AP Alternative Assets is currently the sole limited partner)
has established a new five-year $900 million asset-backed credit
facility. The new credit facility was arranged by Citigroup Global
Markets Inc., J.P. Morgan Securities Inc., Credit Suisse Securities
(USA) LLC and Goldman Sachs Credit Partners L.P.
This announcement
does not constitute or form part of an offer to sell or solicitation of
an offer to purchase or subscribe for securities issued by AP
Alternative Assets, L.P. in the United States or in any other
jurisdiction. No such securities have been or will be registered under
the U.S. Securities Act of 1933, as amended (the “Securities Act”) or
under the securities laws of any other jurisdiction, and such securities
may not be offered or sold in the United States or in any other
jurisdiction absent registration or pursuant to an applicable exemption
from the registration requirements of the Securities Act or from the
registration requirements in any such other jurisdiction. No public
offering of AP Alternative Assets' securities has been or is being made
in the United States or in any other jurisdiction.
About AAA
AP Alternative Assets was established by Apollo and is a closed-end
limited partnership established under the laws of Guernsey. Apollo is a
leading private equity and capital markets investor with 17 years of
experience investing across the capital structure of leveraged
companies. AP Alternative Assets is managed by Apollo Alternative Assets
and invests in and co-invests with Apollo’s private equity and capital
markets investment funds.