Tiger Global Starts Apollo Global Management Stake ~ market folly

Monday, March 20, 2017

Tiger Global Starts Apollo Global Management Stake

Chase Coleman's hedge fund firm Tiger Global has filed a 13G with the SEC regarding shares of Apollo Global Management (APO).  Per the filing, Tiger Global now owns 7% of APO with over 13 million shares.

This is a newly disclosed equity position for the firm and the filing was made due to activity on March 8th.

We've highlighted other recent portfolio activity from Tiger Global here.

Per Google Finance, Apollo Global Management is "an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company's segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities."

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