We invest substantially all of our capital in Apollo-sponsored entities, funds and private equity transactions. Our portfolio consists of: (1) private equity co-investments in Apollo Investment Fund VI, L.P., together with its parallel investment vehicles, ("Apollo Investment Fund VI") and Apollo Investment Fund VII, L.P., together with its parallel investment vehicles, ("Apollo Investment Fund VII") portfolio companies (either held directly or through its ownership in certain other entities); (2) investments in Apollo Strategic Value Offshore Fund, Ltd. ("Apollo Strategic Value Fund"), an Apollo-sponsored fund focused on value-driven, distressed and special opportunity investments; (3) investments in AP Investment Europe Limited ("Apollo Investment Europe"), an Apollo-sponsored European performing debt and mezzanine investment fund; (4) investments in Apollo Asia Opportunity Offshore Fund, Ltd., ("Apollo Asia Opportunity Fund"), an Apollo-sponsored fund focused on debt and equity investment opportunities in the public and private markets in Asia; (5) investments in Apollo European Principal Finance Fund, L.P. ("Apollo European Principal Finance Fund"), an Apollo-sponsored vehicle focused on opportunities in the non-performing loans sector in Europe; (6) other opportunistic investments comprised of an investment in Apollo Life Re Ltd., an Apollo sponsored vehicle that owns substantially all of the equity of Athene Holding Ltd., the parent of Athene Life Re Ltd., a Bermuda based reinsurance company focusing on the life reinsurance sector; and (7) temporary investments.