Guernsey, Channel Islands,
May 8, 2007
AP Alternative Assets, L.P. ("AP Alternative
Assets") announced today that, on 30 April 2007, it issued 78,977 common
units, in the form of RDUs, to AAA Holdings, L.P. at a price per unit
of US$ 19.485. The units issued were subscribed by AAA Holdings in
fulfillment of Apollo's obligation to reinvest a portion of the carried
interests received by it in respect of investments made by AAA
Investments, L.P. as set forth in our prospectus.
This announcement
does not constitute or form part of an offer to sell or solicitation of
an offer to purchase or subscribe for securities in the United States or
in any other jurisdiction. The securities referred to herein have not
been and will not 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 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 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 16 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.