May 29, 2017 5:09 AM ET

Capital Markets

Company Overview of Apollo Investment Corporation

Company Overview

Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products. It prefers to invest in warrants, makes equity co-investments, and may also invest in cash equivalents, U.S. government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-U.S. investments, or securities of pu...

9 West 57th Street

43rd Floor

New York City, NY 10019

United States

Founded in 2004

Phone:

212-515-3200

Key Executives for Apollo Investment Corporation

Chief Executive Officer and Director
Age: 54
President
Age: 44
Executive Chairman
Age: 64
Chief Financial Officer and Treasurer
Age: 59
Chief Compliance Officer and Vice President
Age: 42
Compensation as of Fiscal Year 2016.

Apollo Investment Corporation Key Developments

Apollo Investment Corporation Appoints Amit Joshi as the Chief Accounting Officer

On May 17, 2017, the Board of Directors of Apollo Investment Corporation appointed Amit Joshi as the Company's Chief Accounting Officer, effective as of May 17, 2017. Mr. Joshi joined the Company in 2013 and also serves as the Company's Assistant Treasurer, a role he has held since August 2015. Prior to joining the Company, Mr. Joshi worked at Ernst & Young LLP and provided assurance and advisory services to a wide variety of clients in the financial services industry. Mr. Joshi has extensive knowledge of fund-level and portfolio-level accounting, US GAAP and SOX compliance, valuation, tax and financial reporting practices across a wide range of investment strategies, including hedge funds, private equities, CLOs, BDCs and mutual funds.

Apollo Investment Corporation Reports Earnings Results for the Fourth Quarter Ended March 31, 2017

Apollo Investment Corporation reported earnings results for the fourth quarter ended March 31, 2017. The company reported net investment income of $0.17 per diluted share, unchanged from a year ago. Total investment income during the three months to March 31 slumped to $66.3 million from $85.3 million a year ago. Net asset value was $6.74 per share.

Apollo Investment Corporation Appoints Amit Joshi as Chief Accounting Officer

On May 17, 2017, the Board of Directors of Apollo Investment Corporation appointed Amit Joshi as the Company's Chief Accounting Officer, effective as of March 17, 2017. Mr. Joshi joined the Company in 2013 and also serves as the Company's Assistant Treasurer, a role he has held since August 2015. Prior to joining the Company, Mr. Joshi worked at Ernst & Young LLP and provided assurance and advisory services to a wide variety of clients in the financial services industry.

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