U.S. GAAP results for the fourth quarter ended December 31, 2013 included net income attributable to Apollo Global Management, LLC of $159.2 million, or $0.94 per Class A share, compared to $171.5 million, or $1.12 per Class A share, for the fourth quarter ended December 31, 2012. For the year ended December 31, 2013, net income attributable to Apollo Global Management, LLC was $659.4 million, or $4.06 per Class A share, compared to net income of $311.0 million, or $2.06 per Class A share, for the year ended December 31, 2012.“Our results for the fourth quarter of 2013 completed an exceptional year for Apollo,” said Leon Black, Chairman and Chief Executive Officer. “We recently held the final close for Fund VIII, the largest fund in our firm’s history, and we increased total AUM by 42% to $161 billion during 2013. Over the last four quarters we also returned nearly $23 billion to our fund investors across all of Apollo’s business segments, and we generated $3.98 per share in cash distributions for our shareholders. As we look to 2014 and beyond, we believe Apollo’s integrated global investment platform leaves us well-positioned to continue to deliver strong returns to our investors as we remain committed to our disciplined, value-oriented investment approach.”
Apollo Global Management, LLC Reports Fourth Quarter And Full Year 2013 Results
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