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Apollo Global Management, LLC Message Board

  • smitty914 smitty914 Oct 7, 2013 1:17 AM Flag

    New Apollo Fund May Increase to 20bn

    Apollo Global Management LLC (APO), the private-equity firm run by Leon Black, is considering seeking approval to raise the limit on its next flagship fund after investors expressed interest in putting in as much as $20 billion, according to two people with knowledge of the matter.

    A 1.5% Management Fee will generate 300mm per year in management fees until the investment period ends. They have enough financial scale to drop a fair amount to the bottom line. Figure 50% so 150mm on 330mm shares gives shareholders 50cent dividend until 20% profits share kicks in. Nice!

    Sentiment: Strong Buy

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