Thursday, May 12, 2016

Apollo Alternative Assets not easy to valuate AEX:AAA1, GB00B15Y0C52

AP Alternative Assets, L.P.

AP Alternative Assets, L.P. (AAA), a publicly-listed permanent capital vehicle, issued approximately $1.9 billion of equity capital in its initial global offering in June 2006 to invest alongside our private equity funds, directly into our capital markets funds and into other transactions that we sponsor and manage. The common units of AAA are listed on Euronext Amsterdam and trade under the ticker "AAA".

Since its formation, AAA has allowed us to quickly target certain investment opportunities by capitalizing new investment vehicles formed by Apollo in advance of a lengthier third party fundraising process. AAA was the initial investor in one of our mezzanine funds, two of our global distressed and hedge funds, and our non-performing loan fund. AAA's current portfolio consists of a single opportunistic investment in Athene Holding Ltd. which, together with its subsidiaries (collectively, "Athene"), provides insurance products focused primarily on the retirement market, and its business centers primarily on issuing or reinsuring fixed and equity-indexed annuities. 


I have no clue. Now Athene Holding began trading on the New York Stock Exchange December 9, 2016  ?

?? We are the largest equity holder in Athene Holding, which was founded in 2009 to capitalize on favorable market conditions in the dislocated life insurance sector. Athene Holding is the ultimate parent of various insurance company operating subsidiaries and is currently one of the largest fixed annuity companies in the United States.  Through its subsidiaries, Athene Holding provides insurance products focused primarily on the retirement market and its business centers primarily on issuing or reinsuring fixed and equity indexed annuities.

For good in depth analysis of publicly listed companies, see: www.beterinbeleggen.nl  


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