Athene Holding Ltd. intends to raise approximately $500 million in a private placement to sophisticated investors who are "accredited investors," as such term is defined by applicable U.S. securities laws (or equivalent standards in non--U.S. jurisdictions). Athene Holding intends to require minimum investments of at least U.S. $5 million, although it reserves the right to accept a lower amount on a case-by-case basis. Prospective investors will be required to execute a confidentiality agreement that will, in effect and among other things, impose certain trading restrictions in the shares of AP Alternative Assets, L.P. and Apollo Global Management LLC.