IRR
+19.5%
Multiple
1.85x
DPI
1.20x
Size
$24.7B
Vintage
2017
RETURN GRADE:STRONG
MARK VS PUBLIC MARKET
How does the GP's self-reported return compare to simply buying the S&P 500 at the same vintage?
Apollo Fund IX
+19.5% IRR
~+397% total return over 9 yrs
S&P 500 (2017 vintage)
+95%
Total return, 2017 to present
VERDICT: GP marks outpace the S&P 500 by ~302pp.
Notes
Strong performer. Pre-rate hike vintages benefited from cheap debt and solid exits. One of Apollo's flagship funds.
ALL RETURNS ARE SELF-REPORTED BY GP MARKS — NOT AUDITED, NOT MARK-TO-MARKET