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AP Alternative Assets as of January 31, 2010 *
Total value of investment
$1.31 billion
 
Portfolio of AAA Investments**
$0.15 billion
$0.12 billion
 
$0.09 billion
Temporary investments, other assets,
and liabilities
($0.18) billion
 
Common units outstanding
97,014,485
 
Apollo Fund VI and Fund VII Co-Investment Activity Update
As of December 31, 2009, AAA Investments, L.P. had closed on private equity investments in Berry Plastics Corporation, CEVA Logistics, Charter Communications, Claire's Stores, Countrywide, Debt Investment Vehicles, Harrah's Entertainment, Hexion Speciality Chemicals, Jacuzzi Brands, Momentive Performance Materials, NCL Corporation, Noranda Aluminum, Prestige Cruise Holdings, Realogy, Rexnord, Smart & Final, Skylink, and Verso Paper. The companies in which AAA Investments, L.P. has made private equity co-investments are:
  • Berry Plastics Corporation: One of the world’s leading manufacturer and marketers of plastic packaging products, plastic film products, specialty adhesives and coated products. Berry’s portfolio of products include containers, drink cups, bottles, closures, trash bags, plastic sheeting and tapes, among others. Berry sells its products to over 13,000 customers in a variety of attractive and stable end markets. Berry operates 83 strategically located manufacturing facilities globally.
  • CEVA Logistics: Formerly TNT Group’s logistics division became the fourth largest global logistics service provider in the world, measured by revenues, following its acquisition of EGL, Inc., a leading global transportation, supply chain management and freight forwarding business. The company designs, implements, and operates complex supply chains for medium to large companies on a national, regional and global level.
  • Charter Communications: Charter Communications, Inc. is a Fortune 500 company and the fourth-largest cable operator in the United States. Charter provides advanced video, high-speed Inteernet, and telephone services to approximately 5.5 million residential and business customers in 27 states.
  • Claire's Stores: Claire’s is the leading global specialty retailer of value-priced fashion accessories and jewelry for girls and young women through its two store concepts: Claire’s and Icing. The Company operates 2,948 stores in the United States, Canada, Puerto Rico, the Virgin Islands, the United Kingdom, Ireland, France, Switzerland, Austria, Germany, Spain, Portugal, Holland and Belgium. Claire’s also operates 212 stores in Japan through a 50:50 joint venture with AEON and franchises 194 stores in the Middle East, Turkey, South Africa, Russia, Poland, and Guatemala.
  • Countrywide: The leading provider of residential real estate agency and property services in the United Kingdom, operating through five divisions: estate agency, lettings, financial services, surveying and valuation, and conveyancing. The company’s network of approximately 892 estate agency branches, with a further 8 4 franchised branches, is the largest estate agency chain in the U.K. and operates under a number of well-known local brands, including John D. Wood and Bairstow Eves.
  • Debt Investment Vehicles: Invests in the debt securities of a number of companies to take advantage of volatility in the credit markets.
  • Harrah's Entertainment: One of the premier gaming and lodging companies in the world. The company owns or manages 52 casinos and one hotel across 12 U.S. states and six countries. Harrah’s operates the industry’s largest and most widely recognized customer recognition and loyalty program, called Total Rewards ®, which has over 40 million members worldwide. The company also operates the World Series of Poker.
  • Hexion Specialty Chemicals: Among the world’s largest global manufacturers of specialty chemicals, as well as the world’s largest producer of thermosetting resins, or thermosets. Hexion’s differentiated chemical products are a critical ingredient in virtually all paints, coatings, glues, other adhesives, textile products and other applications produced for consumer or industrial uses. Its specialty chemicals comprise a broad range of chemicals and formulations, which are marketed in more than 100 countries to a diversified group of consumer and industrial customers.
  • Jacuzzi Brands: A leading global producer of premium branded home water comfort and therapy products. Jacuzzi’s products include whirlpool baths, spas, luxury shower systems, stainless steel and composite sinks and other bathroom products that are primarily sold under the Jacuzzi, Sundance Spas and Astracast brands. The company has leading market positions in the United States, United Kingdom, continental Europe and South America.
  • Momentive Performance Materials: Formerly General Electric’s advanced materials division, the world’s second largest producer of silicones (including sealants, urethane additives, and adhesives) and a global leader in the development and manufacture of products derived from quartz, specialty ceramics and crystals. Silicones are a multi-functional family of products used in thousands of applications in construction, transportation, personal care, electronic, consumer and agricultural.
  • NCL Corporation: A leading contemporary cruise line operating 11 ships on itineraries including the Caribbean, Alaska, Europe, Hawaii, South America, Bermuda and Mexico. NCL offers a unique Freestyle Cruising product, with a fleet of purpose-built ships that differentiates the company from its peers.
  • Noranda Aluminum: A leading vertically integrated producer of value-added primary aluminum products as well as high quality rolled aluminum coils. Noranda is comprised of two businesses: upstream business, which accounts for approximately 15% of total U.S. primary aluminum production and rolling mills, which collectively make Noranda one of the largest aluminum foil producers in North America.
  • Prestige Cruise Holdings: A leading upscale cruise company operating through its two distinctive brands, Oceania Cruises and Regent Seven Seas Cruises. Oceania focuses on the destination-oriented, upper premium cruise market with its three 678-passenger vessels offering itineraries in the Mediterranean, Far East, South America, Caribbean, Australia and New Zealand. Regent is a leading ultra-luxury cruise line, with three ships totaling 1,890 berths. Regent has been rated the “World’s Best Luxury Cruise Line” for five consecutive years by Travel Weekly and was named “Top Overall Mid-Size Cruise Line” by Zagat in 2009.
  • Realogy: Leading provider of residential real estate and relocation services in the world. Through its portfolio of leading brands (Coldwell Banker, Century 21, Sotheby’s, ERA, Corcoran, Better Homes & Gardens and Coldwell Banker Commercial), Realogy has the number one market position, more than twice as large as its nearest competitor. Realogy participates in approximately one in every four domestic home sales made through a broker.
  • Rexnord: A leading diversified, multi-platform industrial company primarily focused on the power transmission and water management sectors. With the acquisition of Jacuzzi’s water management business (“Zurn”) in February 2007, Rexnord became a leader in the multi-billion dollar non-residential construction and replacement market for plumbing fixtures and fittings.
  • Skylink: SkyLink is a global leader in the rapid deployment of international humanitarian aid, including food, medicine and equipment, during major disasters and in difficult difficult areas not typically serviced by traditional logistics providers.
  • Smart & Final: A leading operator of non-membership based warehouse stores and wholesale cash and carry stores offering household and business customers high-quality food products and related foodservice supplies, including professional quality culinary equipment. Smart & Final operated 274 stores in California and the Pacific Northwest including 182 stores operated under the “Smart & Final” banner, 50 cash and carry stores operated under the “Smart Foodservice Cash & Carry” banner and 40 stores operated under the “Henry’s Farmers Market” banner. Henry’s is a specialty food retailer focused on providing quality, value-oriented produce and natural living products to its customers.
  • Verso Paper: A leading North American supplier of coated papers to catalog and magazine publishers. Coated paper is used primarily in media and marketing applications, including catalogs, magazines and commercial printing applications. Verso has a leading North American market share in coated groundwood paper, which is primarily used for catalogs and magazines and is a low cost producer of coated freesheet paper, which is used in commercial print applications.
    **
    Investments in the portfolio are held through our sole limited partner interest in AAA Investments, L.P., the investment partnership of AP Alternative Assets, L.P.