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Tiger Global Adds To Apollo Stake

Chase Coleman's hedge fund firm Tiger Global has filed a Form 4 with the SEC regarding its stake in Apollo Global Management (APO).  Per the filing, Tiger Global acquired 100,916 shares of APO on July 19th at a weighted average price of $27.357.

They also bought 149,052 shares on July 20th at a weighted average price of $27.897.  After these buys, Tiger Global now owns over 33.13 million shares.  As we've detailed previously, Tiger Global has been accumulating Apollo Global shares throughout the past few months.

Per Google Finance, Apollo Global Management is "an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company's segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities."

For more on this hedge fund, you can view additional recent portfolio activity from Tiger Global here.