AP Alternative Assets says its net asset value decreased USD703m, or USD7.28 per unit, during the fourth quarter of 2008.
AP Alternative Assets says its net asset value decreased USD703m, or USD7.28 per unit, during the fourth quarter of 2008.
The net change in unrealized depreciation on investments for the three months ended 31 December 2008 was USD(665.9)m.
Private equity co-investments had a change in unrealized depreciation during the quarter of USD(387.8)m.
Capital markets investments had a change in unrealized depreciation during the quarter of USD(278.1)m.
The investment partnership had USD453.7m in cash and cash equivalents at 31 December 2008, and USD530.1m in cash and cash equivalents as of 30 March 2009.
For the year ended 31 December 2008, net asset value was USD850.8m, or USD8.77 per unit, representing a decrease of USD1,280.7m, or USD13.29 per unit.
The net change in unrealized depreciation on investments for the year ended 31 December 2008 was USD(1,235.9)m.
Private equity co-investments had a change in unrealized depreciation during the year of USD(739.7)m.
Capital markets investments had a change in unrealized depreciation during the year of USD(496.2)m.
AP Alternative Assets was established by Apollo and is a closed-end limited partnership established under the laws of Guernsey.
It is managed by Apollo Alternative Assets and invests in private equity and capital markets investment opportunities sponsored by Apollo.
