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									Apollo Capital Management, L.P. Selects U.S. Bank as
Trustee, Collateral Administrator and Custodian for Recent
CLO Financing
Monday August 09, 2010 - 13:00 PM EDT

Source: Business Wire News Releases
Author: U.S. Bancorp


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An affiliate of Apollo Capital Management, L.P. (together with its affiliated management entities, "Apollo")
has selected U.S. Bank as trustee, collateral administrator and custodian for its recent ALM Funding 2010-1
transaction. U.S. Bank will be responsible for compliance oversight, collateral maintenance, noteholder
communication and processing of principal and interest payments. The $325 million portfolio of assets for
this transaction will primarily consist of senior secured bank loans.

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 over $53 billion as of December 31, 2009, 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.

"The U.S. Bank Corporate Trust Services team is excited to expand its relationship with Apollo," said Bryan
Calder, president of U.S. Bank Corporate Trust Services. "We are pleased to see a new collateralized loan
origination (CLO) financing come to market and are particularly excited about working with the Apollo team
on this transaction."

U.S. Bank Corporate Trust Services is one of the nation's largest providers of trustee services with more than
$2.1 trillion in assets under administration in municipal, corporate, asset-backed and international bonds. In
addition, it provides paying agent, escrow agent and document collateral services through its network of 47
offices nationwide.

U.S. Bancorp (NYSE: USB), with $283 billion in assets as of June 30, 2010, is the parent company of U.S.
Bank, the fifth largest commercial bank in the United States. The company operates 3,002 banking offices in
24 states and 5,309 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment,
mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp
on the web at usbank.com.


Contacts:

U.S. Bancorp
Amy Frantti, Media Relations, 612-303-0733

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