AP Alternative Assets.

Company profile

AP Alternative Assets. company profile

AP Alternative Assets, L.P. (AP Alternative Assets) was established by Apollo and is a closed-end limited partnership established under the laws of Guernsey. Apollo is a leading global alternative investment manager with 27 years of experience investing across the capital structure of leveraged companies. AP Alternative Assets is managed by Apollo Alternative Assets, L.P. AP Alternative Assets is subject to the ongoing supervision of the Guernsey Financial Services Commission. It has been registered with the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) under Article 17c of the Investment Institutions Supervision Act (IISA). Pursuant to Article 17c IISA, foreign investment institutions (other than foreign UCITS) qualify for an exception from the obligation to obtain a license if the institution is subject to actual supervision in its home country and the level of supervision is considered adequate by the Dutch Minister of Finance. In such cases, the Minister relies upon the supervision exercised in the investment institution's home country. On December 16, 2005, as amended on February 20, 2006, the Minister of Finance issued a decision stating that adequate supervision is exercised in Guernsey, as far as the supervision of ‘Class A' and ‘Class B' open-ended investment institutions and closed-ended investment institutions is concerned.