The document discusses the differentiation of alternative asset managers and their impact on valuations. It includes forecasts for distributable earnings per unit for various firms from 2012 to 2016, along with growth rates. The document highlights the importance of understanding different business attributes across firms, as these should drive performance divergences. It also provides insights into Apollo Global Management's investment strategy and its credit-driven private equity control.
doj/DataSet10/EFTA01452624.pdf
{"title":"Alternative Asset Manager Initiation","key_people":["Leon Black"],"document_date":"2014-01-28","document_type":"tabular","key_organizations":["Apollo Global Management","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0109774","SDNY_GM_00255958","EFTA01452624"]}