Epstein Secrets

peline of potential activity. Further, =PO is building out origination capabilities to support additional =rowth. 2) We see termination risk of the Athene contract as highly =nlikely post last week's contract revision which removes an overhang =nd should support multiple expansion on APO's sticky manag

ociates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel fan cel Begin forwarded message: From: =/b>"Morgan Stanley" < Subject: =/b>Apollo Global =anagement LLC: Management Meeting Takeaways Date: =/b>September 27, 2018 at 12:16:02 =M EDT To: qb>< > Reply-To: =/b><mswmir-cie-feedback@morgans

ember 31.2011 as compared to the year ended December 31. 2010. This change was primarily attributable to increased asset allocation fees earned from Athene of $9.4 million during the year. These fees arc partially offset by a corresponding expense categorized as sub-advisory fees and included within pro

ss) income (153.176) — — (155376) 460.226 (400.440) (95.390) Net unrealized gain on interest rate swaps (net of taxes of $1,992 and SO for Apollo Global ManagemenL LLC and NonControlling Interests in Apollo Operating Group. respectively) 2.748 2.748 11.843 14.591 Balance at December 31, 2009

e company has meaningful fee-related earnings as a percentage of overall operating income. This is largely driven by their advisory relationship with Athene, where APO earns a fee on ~$74b of assets and should benefit from additional management fees from the company©most recent $24b flagship private equi

7, Morgan Stanley beneficially owned 1% or more of a class of common eauity securities of the following companies covered in Morgan Stanley Research: Apollo Global Management LLC, Ares Management, L.P, BlackRock Inc., Franklin Resources Inc., Goldman Sachs Group Inc, Invesco, KKR & CO. L.P., Oaktree Capital Group