AP Alternative Assets Releases Financial Results for the Three and Six Months Ended June 30, 2020
—Net Asset Value of $0.12 per unit as of June 30, 2020–Guernsey, Channel Islands, July 30, 2020 (GLOBE NEWSWIRE) — AP Alternative Assets, L.P. (“AAA”, Euronext Amsterdam: AAA) today released its financial results for three and six months ended June 30, 2020. AAA invests its capital through, and is the sole limited partner of, AAA Investments, L.P., which is referred to as the “Investment Partnership.”HighlightsNet asset value at June 30, 2020 was $9.3 million, or $0.12 per unit, reflecting a net increase in net assets of approximately $2.2 million, or $0.03 per common unit during the three months ended June 30, 2020. The increase in net asset value for AAA was due to an increase in net assets from operations due to the increase in fair value of the Investment Partnership’s investment in Athene.Net Asset Value for AAAAt June 30, 2020, AAA had net assets of $9.3 million, including its share of the net assets of the Investment Partnership, as follows:____________________________(1) The remaining Athene shares beneficially held by AAA are freely tradeable and are being held to satisfy various legal, administrative, carried interest obligations and other expenses that may be incurred by or on behalf of AAA. The net asset value does not include the accrual of these future expenses that may be incurred by AAA as they cannot be reasonably estimated at this time. If it is determined that any such Athene shares are no longer required for such expenses, the remaining Athene shares or cash equivalents will be distributed to AAA unitholders unless the number of such Athene shares or cash equivalents is de minimis, in which case they will be given to charity. The net asset value also includes $1.7 million of prepaid management fees that will continue to be amortized over the life of the service period through December 31, 2020. If a decision is made to wind up AAA prior to the end of the service period, AAA will accelerate the amortization of the prepaid management fee.Financial ReportAAA’s interim report, which includes its unaudited financial statements and the unaudited consolidated financial statements of the Investment Partnership is available and can be downloaded free of charge at its website at: www.apolloalternativeassets.com.ContactAdditional InformationA presentation will be available on the company’s website at http://www.apolloalternativeassets.com/ReportsAndFilings/AdditionalDocuments.aspx in connection with this press release.About AAAAAA was established by Apollo Global Management, Inc. and its subsidiaries (“Apollo”) and is a closed-end limited partnership established under the laws of Guernsey. Apollo is a leading global alternative investment manager with 30 years of experience investing across the capital structure of leveraged companies. AAA is managed by Apollo Alternative Assets, L.P. For more information about AAA, please visit www.apolloalternativeassets.com.Forward-Looking StatementsThis press release contains forward-looking statements. Forward-looking statements involve risks and uncertainties because they relate to future events and circumstances. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results and developments to differ materially from the historical experience and expressed or implied expectations of AAA. Undue reliance should not be placed on such forward-looking statements. Forward-looking statements speak only as of the date on which they are made and AAA does not undertake to update its forward-looking statements unless required by law.Financial Schedule IFinancial Schedule IIFinancial Schedule IIIFinancial Schedule IVAttachmentAAA Earnings Release Q2’20.pdf
