Apollo Amends IPO Filing, Discloses New Performance Figures

Apollo Global Management today filed an amended S-1 filing with the SEC, as it continues its march toward a public listing.

Not much in terms of new IPO information — no pricing expectations, for example — but Apollo did disclose updated fund performance data through the end of Q3:

Fund VII (2008): $14.67 billion committed
$3.87 billion invested — $1.47 billion realized
Current value: $4.49 billion
Gross IRR: NA    Net IRR: NA

Fund VI (2006): $10.14 billion committed
$10.5 billion invested — $2.37 billion realized
Current value: $10.63 billion
Gross IRR: 1%    Net IRR: 0%

Fund V (2001): $3.74 billion committed
$5.19 billion invested — $9.98 billion realized
Current value: $12.26
Gross IRR: 63%    Net IRR: 46%

Fund IV (1998): $3.6 billion committed
$3.48 billion invested — $5.36 billion realized
Current value: $6.23
Gross IRR: 11%    Net IRR: 8%

Fund III (1995): $1.5 billion committed
$1.5 billion invested — $2.59 billion realized
Current value: $2.62
Gross IRR: 18%    Net IRR: 11%

The lack of IRR data on Fund VII is because the vehicle was less than a year old as of September 30, having held a final close last December.

Apollo also reported that it secured around $293 million in management fees for the first nine months of 2009, plus $181 million in carried interest and $37 million in transaction fees. Overall it reported a $449 million net gain from investment activities, compared to a $527 million loss from investment activities over the first nine months of 2008.