Exhibit 99.1

UNAUDITED RECONCILIATION OF FINANCIAL DATA

The following tables present the historical unaudited financial information for the Apollo Operating Group as of and for the three and six month periods ended June 30, 2014. The Apollo Operating Group does not report audited or unaudited financial information on a stand-alone basis. Accordingly, the financial data presented herein for the Apollo Operating Group has been reconciled to Apollo Global Management, LLC’s financial statements for the relevant periods.

	For The Three Months Ended June 30, 2014
	Total Apollo Operating Group Consolidated			VIEs and Consolidated Funds			Other (1)			Total Apollo Global Management, LLC Consolidated
	(dollars in thousands)
Statement of Operations
Revenues:
Advisory and transaction fees from affiliates, net	$	60,786		$	—		$	—		$	60,786
Management fees from affiliates		240,951			(30	)		(14,501	)		226,420
Carried interest income from affiliates		289,604			—			(4,658	)		284,946
Total Revenues		591,341			(30	)		(19,159	)		572,152
Expenses:
Compensation and benefits:
Equity-based compensation		28,711			—			—			28,711
Salary, bonus and benefits		89,832			—			—			89,832
Profit sharing expense		160,777			—			—			160,777
Total Compensation and Benefits		279,320			—			—			279,320
Interest expense		4,524			—			—			4,524
Professional fees		19,882			329			—			20,211
General, administrative and other		25,046			245			—			25,291
Placement fees		3,489			—			—			3,489
Occupancy		10,418			—			—			10,418
Depreciation and amortization		10,849			—			266			11,115
Total Expenses		353,528			574			266			354,368
Other Income:
Net loss from investment activities		(9,181	)		(353	)		—			(9,534	)
Net gains from investment activities of consolidated variable interest entities		—			24,669			18,756			43,425
Income (loss) from equity method investments		30,997			—			(297	)		30,700
Interest income		2,398			327			1			2,726
Other income, net		1,846			—			392			2,238
Total Other Income		26,060			24,643			18,852			69,555
Income (loss) Before Income Tax Provision		263,873			24,039			(573	)		287,339
Income tax provision		(4,052	)		—			(30,985	)		(35,037	)
Net (Loss) Income		259,821			24,039			(31,558	)		252,302
Net income attributable to Non-Controlling Interests		(156,905	)		(23,741	)		12			(180,634	)
Net Income (Loss) Attributable to Apollo Global Management, LLC	$	102,916		$	298		$	(31,546	)	$	71,668

(1) Includes eliminations for variable interest entities (“VIEs”), consolidated funds and entities not included in the Apollo Operating Group.

	For The Six Months Ended June 30, 2014
	Total Apollo Operating Group Consolidated			VIEs and Consolidated Funds			Other(1)			Total Apollo Global Management, LLC Consolidated
	(dollars in thousands)
Statement of Operations
Revenues:
Advisory and transaction fees from affiliates, net	$	176,851		$	—		$	—		$	176,851
Management fees from affiliates		465,269			(60	)		(28,998	)		436,211
Carried interest income from affiliates		458,863			—			(8,373	)		450,490
Total Revenues		1,100,983			(60	)		(37,371	)		1,063,552
Expenses:
Compensation and benefits:
Equity-based compensation		87,689			—			—			87,689
Salary, bonus and benefits		170,362			—			—			170,362
Profit sharing expense		264,736			—			—			264,736
Total Compensation and Benefits		522,787			—			—			522,787
Interest expense		7,638			—			—			7,638
Professional fees		38,924			739			—			39,663
General, administrative and other		49,407			562			—			49,969
Placement fees		5,275			—			—			5,275
Occupancy		20,321			—			—			20,321
Depreciation and amortization		22,298			—			536			22,834
Total Expenses		666,650			1,301			536			668,487
Other Income:
Net gains from investment activities		8,833			205,041			—			213,874
Net gains from investment activities of consolidated variable interest entities		—			54,202			36,958			91,160
Income (loss) from equity method investments		59,620			—			(6,010	)		53,610
Interest income		5,383			670			1			6,054
Other income, net		17,217			—			2,552			19,769
Total Other Income		91,053			259,913			33,501			384,467
Income (loss) Before Income Tax Provision		525,386			258,552			(4,406	)		779,532
Income tax provision		(6,794	)		—			(60,792	)		(67,586	)
Net (Loss) Income		518,592			258,552			(65,198	)		711,946
Net income attributable to Non-Controlling Interests		(315,589	)		(252,541	)		21			(568,109	)
Net Income (Loss) Attributable to Apollo Global Management, LLC	$	203,003		$	6,011		$	(65,177	)	$	143,837

(1) Includes eliminations for VIEs, consolidated funds and entities not included in the Apollo Operating Group.

	As of June 30, 2014
	Total Apollo Operating Group Consolidated		VIEs and Consolidated Funds		Other(1)			Total Apollo Global Management, LLC Consolidated
	(dollars in thousands)
Statement of Financial Condition
Assets:
Cash and cash equivalents	$	1,090,227	$	—	$	3,430		$	1,093,657
Cash and cash equivalents held at consolidated funds		—		1,989		—			1,989
Restricted cash		7,646		—		—			7,646
Investments		797,350		2,177,635		(92,302	)		2,882,683
Assets of consolidated variable interest entities
Cash and cash equivalents		—		1,189,378		—			1,189,378
Investments, at fair value		—		13,692,895		(723	)		13,692,172
Other assets		—		446,397		(692	)		445,705
Carried interest receivable		2,049,841		—		(61,768	)		1,988,073
Due from affiliates		311,493		—		(63,696	)		247,797
Fixed assets, net		36,836		—		945			37,781
Deferred tax assets		15,392		—		649,728			665,120
Other assets		64,696		4,265		(36	)		68,925
Goodwill		88,851		—		(39,608	)		49,243
Intangible assets, net		77,222		—		—			77,222
Total Assets	$	4,539,554	$	17,512,559	$	395,278		$	22,447,391
Liabilities and Shareholders’ Equity
Liabilities:
Accounts payable and accrued expenses	$	45,452	$	1,075	$	14,832		$	61,359
Accrued compensation and benefits		85,409		—		—			85,409
Deferred revenue		272,727		—		—			272,727
Due to affiliates		33,566		1,535		539,171			574,272
Profit sharing payable		963,922		—		—			963,922
Debt		999,008		—		—			999,008
Liabilities of consolidated variable interest entities:
Debt, at fair value		—		12,179,627		(615	)		12,179,012
Other liabilities		—		607,104		37			607,141
Due to affiliates		—		69,291		(69,291	)		—
Other liabilities		31,581		5,782		—			37,363
Total Liabilities		2,431,665		12,864,414		484,134			15,780,213
Shareholders’ Equity:
Apollo Global Management, LLC shareholders’ equity
Additional paid in capital		129,851		—		2,283,264			2,413,115
Accumulated deficit		783,497		2,176,198		(4,384,939	)		(1,425,244	)
Appropriated partners’ capital		—		1,444,780		(39,716	)		1,405,064
Accumulated other comprehensive income (loss)		37,841		—		(38,793	)		(952	)
Total Apollo Global Management, LLC shareholders’ equity		951,189		3,620,978		(2,180,184	)		2,391,983
Non-Controlling Interests in consolidated entities		15,978		1,027,167		2,091,328			3,134,473
Non-Controlling Interests in Apollo Operating Group		1,140,722		—		—			1,140,722
Total Shareholders’ Equity		2,107,889		4,648,145		(88,856	)		6,667,178
Total Liabilities and Shareholders’ Equity	$	4,539,554	$	17,512,559	$	395,278		$	22,447,391

(1) Includes eliminations for VIEs, consolidated funds and entities not included in the Apollo Operating Group.