Epstein Secrets

s I just want to follow up on that earlier question regarding where Fund VIII is valued versus the market. I guess, we really haven't discussed why Fund VIII is still valued at pretty big 16 of 28 II/M.6:36 PM EFTA00798103 Apollo Global Management's (APO) CEO Leon Black on Q3 2... https:/lseckingalph

.5 billion remaining from new investments that we expect will be allocated to yields in the coming months, therefore our current expectation is that Fund IX will enter its investment period sometime during the first quarter of 2018. When Fund IX enters its investment period and begins generating managem

e coming months, therefore our current expectation is that Fund IX will enter its investment period sometime during the first quarter of 2018. When Fund IX enters its investment period and begins generating management fees, Fund VIII's fees will move into the post investment period. In addition on Janua

16 at 2:05:24 PM EDT To: < Reply-To: < WEALTH MANAGEMENT Subscription Notification: August 3 Apollo Global Management LLC: Outlook Improving as Fund VIII Enters Carry Michael J. Cyprys, CFA, CPA — Morgan Stanley August 3, 2016 6:02 PM GMT Results versus expectations: APO reported a large beat on EP

are up —3.3% on avg. We'd look to get more positive if: I) the current deployment pace in Fund VIII continues, pulling forward the fundraising for Fund IX to early 2017 (we model 4Q17-1Q18) and 2) Credit fundraising momentum persists and shifts gears to gathering assets with meaningfully higher econom

Buy rating and boosting the price target to $24 from $20 (30%+ upside), UBS's Brennan Hawken is impressed with how much money Apollo put to work in Fund VIII Q3, thus allowing fundraising to get going for Fund IX. Importantly, Apollo isn't just throwing money at deals - the average deal in Fund VIII was

(30%+ upside), UBS's Brennan Hawken is impressed with how much money Apollo put to work in Fund VIII Q3, thus allowing fundraising to get going for Fund IX. Importantly, Apollo isn't just throwing money at deals - the average deal in Fund VIII was done at about 6x EBITDA (vs. industry average of 11x),