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Apollo Global Management Completes the Acquisition of Gulf Stream Asset Management

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Apollo Global Management Completes the Acquisition of Gulf Stream Asset Management Powered By Docstoc
					Apollo Global Management Completes the
Acquisition of Gulf Stream Asset Management
October 24, 2011 06:11 PM Eastern Daylight Time 

NEW YORK--(EON: Enhanced Online News)--Apollo Global Management, LLC (NYSE: APO) and its
subsidiaries (collectively "Apollo") today announced that they have completed the acquisition of Gulf Stream Asset
Management (“Gulf Stream”) which currently manages 10 Collateralized Loan Obligations (CLOs) with
approximately $3 billion in assets under management.

With the closing of the Gulf Stream acquisition, which was announced in July 2011, the assets under management of
Apollo’s capital markets business are approximately $27 billion, including more than $15 billion in senior loans.1

James Zelter, Managing Director of Apollo Global Management’s Capital Markets Business, said, “We are pleased
to complete the acquisition of Gulf Stream Asset Management, which is consistent with Apollo’s strategy to broaden
our credit asset management business and further strengthen our leadership position as a global loan manager.” 

About Apollo Global Management

Apollo is a leading global alternative asset manager with offices in New York, Los Angeles,
London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had assets under management of 
approximately $72 billion as of June 30, 2011, in private equity, credit-oriented capital markets and real estate funds
invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more
information about Apollo, please visit www.agm.com.

1
    Apollo’s assets under management as of June 30, 2011 pro-forma for Gulf Stream assets under management.

Contacts
For investor inquiries regarding Apollo, please contact:
Apollo Global Management, LLC
Gary M. Stein, 212-822-0467
Head of Corporate Communications
gstein@apollolp.com
or
Patrick Parmentier, CPA, 212-822-0472
Investor Relations Manager
pparmentier@apollolp.com
or
For media inquiries regarding Apollo, please contact:
Rubenstein Associates, Inc. for Apollo Global Management, LLC
Charles Zehren, 212-843-8590
czehren@rubenstein.com

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Description: NEW YORK--(EON: Enhanced Online News)--Apollo Global Management, LLC (NYSE: APO) and its subsidiaries (collectively "Apollo") today announced that they have completed the acquisition of Gulf Stream Asset Management (“Gulf Stream”) which currently manages 10 Collateralized Loan Obligations (CLOs) with approximately $3 billion in assets under management. With the closing of the Gulf Stream acquisition, which was announced in July 2011, the assets under management of Apollo’s capital markets busine
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