Apollo Global Management Prices $722 Million CLO

Apollo Global Management APO and its subsidiaries (collectively "Apollo") today announced the pricing of ALM VII, Ltd., a $722 million Collateralized Loan Obligation (CLO), the largest broadly syndicated CLO issued in the United States in 2012.1 ALM VII, Ltd. will invest in corporate leveraged loans and high yield bonds. Apollo has priced three CLOs this year, raising approximately $1.7 billion in aggregate, which represents the largest capital raise through CLO issuance among all U.S. CLO managers.1 In February, 2012, Apollo closed ALM V, Ltd., a $437 million CLO, and in June, 2012, Apollo closed ALM VI, Ltd., a $514 million CLO. Apollo is one of the largest CLO managers, with 26 CLOs totaling over $14.5 billion in assets under management.2 Apollo's CLO strategy is part of Apollo's Capital Markets business, which had total assets under management of $56 billion as of June 30, 2012.