Apollo Management settlements

Apollo Management is the subject of a regulatory settlement involving limited partners in Apollo Management V, VI, VII, and Apollo Commodities Management funds. The action concerns undisclosed accelerated monitoring fees, a $19 million loan with inadequate disclosure, and unauthorized personal expense charges between December 2011 and the relevant class period. The total settlement is $52.7 million; fund investors who were affected may be eligible to participate, though no public claim deadline is currently on file.

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1 published record

Antitrust

Apollo Management V, L.P.; Apollo Management VI, L.P.; Apollo Management VII, L.P.; and Apollo Commodities Management, L.P.

The SEC caught Apollo Management charging its own fund investors hidden fees and unauthorized expenses. A $52.7 million settlement was reached, and harmed investors are set to receive distributions from a disgorgement fund — no claim filing required.

$52.7M

Settlement fund

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