Apollo amends IPO filing

Apollo Global Management last week filed an amended S-1 filing with the Securities and Exchange Commission, as it continues its march toward a public listing.

The firm didn’t disclose pricing expectations, but Apollo revealed updated fund performance data through the end of the third quarter.

• Fund VII (2008): $14.67 billion committed; $3.87 billion invested; $1.47 billion realized; Current value: $4.49 billion; Gross IRR: NA; Net IRR: NA;

• Fund VI (2006): $10.14 billion committed; $10.5 billion invested; $2.37 billion realized; Current value: $10.63 billion; Gross IRR: 1%; Net IRR: 0%;

• Fund V (2001): $3.74 billion committed; $5.19 billion invested; $9.98 billion realized; Current value: $12.26 billion; Gross IRR: 63%; Net IRR: 46%;

• Fund IV (1998): $3.6 billion committed; $3.48 billion invested; $5.36 billion realized; Current value: $6.23 billion; Gross IRR: 11%; Net IRR: 8%;

• and Fund III (1995): $1.5 billion committed; $1.5 billion invested; $2.59 billion realized; Current value: $2.62 billion; Gross IRR: 18%; Net IRR: 11 percent.

Apollo also reported that it secured about $293 million in management fees for the first nine months of 2009, plus $181 million in carried interest and $37 million in transaction fees. Overall it reported a $449 million net gain from investment activities, compared to a $527 million loss from investment activities over the first nine months of 2008. —Dan Primack