in addition , the growth in our fee-generating aum during the last year has primarily been in our credit segment . the average management fee rate for these new credit products is at market rates for such products and in certain cases is below our historical rates . also , due to the complexity of these new product offerings , the company has incurred and will continue to incur additional costs associated with managing these products . to date , these additional costs have been offset by realized economies of scale and ongoing cost management . as of december 31 , 2013 , approximately 96 % of our total aum was in funds with a contractual life at inception of seven years or more , and 7 % of our total aum was in permanent capital vehicles with unlimited duration . as of december 31 , 2013 , we had total aum of $ 161.2 billion across all of our businesses . on december 31 , 2013 , apollo investment fund viii , l.p. ( `` fund viii `` ) held a final closing raising a total of $ 17.5 billion in third-party capital and approximately $ 880 million of additional capital from apollo and affiliated investors , and as of december 31 , 2013 , fund viii had $ 18.2 billion of uncalled commitments , or `` dry powder , `` remaining . additionally , fund vii held a final closing in december 2008 , raising a total of $ 14.7 billion , and as of december 31 , 2013 , fund vii had $ 3.4 billion of uncalled commitments remaining . we have consistently produced attractive long-term investment returns in our private equity funds , generating a 39 % gross irr and a 26 % net irr on a compound annual basis from inception through december 31 , 2013 . for further detail related to fund performance metrics across all of our businesses , see “ —the historical investment performance of our funds . ” - 63 - holding company structure the diagram below depicts our current organizational structure : note : the organizational structure chart above depicts a simplified version of the apollo structure . it does not include all legal entities in the structure . ownership percentages are as of the date of the filing of this annual report on form 10-k. ( 1 ) the strategic investors hold 30.21 % of the class a shares outstanding and 11.91 % of the economic interests in the apollo operating group . the class a shares held by investors other than the strategic investors represent 31.23 % of the total voting power of our shares entitled to vote and 27.51 % of the economic interests in the apollo operating group . class a shares held by the strategic investors do not have voting rights . however , such class a shares will become entitled to vote upon transfers by a strategic investor in accordance with the agreements entered into in connection with the investments made by the strategic investors . ( 2 ) our managing partners own brh holdings gp , ltd. , which in turn holds our only outstanding class b share . the class b share represents 68.77 % of the total voting power of our shares entitled to vote but no economic interest in apollo global management , llc . our managing partners ' economic interests are instead represented by their indirect beneficial ownership , through holdings , of 53.42 % of the limited partner interests in the apollo operating group . ( 3 ) through brh holdings , l.p. , our managing partners indirectly beneficially own through estate planning vehicles , limited partner interests in holdings . ( 4 ) holdings owns 60.58 % of the limited partner interests in each apollo operating group entity . the aog units held by holdings are exchangeable for class a shares . our managing partners , through their interests in brh and holdings , beneficially own 53.42 % of the aog units . our contributing partners , through their ownership interests in holdings , beneficially own 7.16 % of the aog units . ( 5 ) brh holdings gp , ltd is the sole member of agm management , llc , our manager . the management of apollo global management , llc is vested in our manager as provided in our operating agreement . ( 6 ) represents 39.42 % of the limited partner interests in each apollo operating group entity , held through intermediate holding companies . apollo global management , llc , also indirectly owns 100 % of the general partner interests in each apollo operating group entity . - 64 - each of the apollo operating group partnerships holds interests in different businesses or entities organized in different jurisdictions . our structure is designed to accomplish a number of objectives , the most important of which are as follows : we are a holding company that is qualified as a partnership for u.s. federal income tax purposes . our intermediate holding companies enable us to maintain our partnership status and to meet the qualifying income exception . we have historically used multiple management companies to segregate operations for business , financial and other reasons . going forward , we may increase or decrease the number of our management companies or partnerships within the apollo operating group based on our views regarding the appropriate balance between ( a ) administrative convenience and ( b ) continued business , financial , tax and other optimization . business environment as a global investment manager , we are affected by numerous factors , including the condition of financial markets and the economy . fluctuations in equity prices , which may be volatile , can significantly impact the valuation of our funds ' portfolio companies and related income we may recognize . story_separator_special_tag we believe that eni is helpful for an understanding of our business and that investors should review the same supplemental financial measure that management uses to analyze our segment performance . this measure supplements and should be considered in addition to and not in lieu of the results of operations discussed below in “ —overview of results of operations ” that have been prepared in accordance with u.s. gaap . the following summarizes the adjustments to eni that reconcile eni to the net income ( loss ) attributable to apollo global management , llc determined in accordance with u.s. gaap : inclusion of the impact of rsus granted in connection with the 2007 private placement and non-cash equity-based compensation expense comprising amortization of aog units . management assesses our performance based on management fees , advisory and transaction fees , and carried interest income generated by the business and excludes the impact of non-cash charges related to rsus granted in connection with the 2007 private placement and amortization of aog units because these non-cash charges are not viewed as part of our core operations . the aog units were fully amortized as of june , 2013. inclusion of the impact of income taxes as we do not take income taxes into consideration when evaluating the performance of our segments or when determining compensation for our employees . additionally , income taxes at the segment level ( which exclude apo corp. 's corporate taxes ) are not meaningful , as the majority of the entities included in our segments operate as partnerships and therefore are only subject to new york city unincorporated business taxes and foreign taxes when applicable . inclusion of amortization of intangible assets associated with the 2007 reorganization and subsequent acquisitions as these non-cash charges are not viewed as part of our core operations . carried interest income , management fees and other revenues from apollo funds are reflected on an unconsolidated basis . as such , eni excludes the non-controlling interests in consolidated funds , which remain consolidated in our consolidated financial statements . management views the business as an alternative investment management firm and therefore assesses performance using the combined total of carried interest income and management fees from each of our funds . one exception is the non-controlling interest related to certain individuals who receive an allocation of income from certain of our credit management companies , which is deducted from eni to better reflect the performance attributable to shareholders . eni may not be comparable to similarly titled measures used by other companies and is not a measure of performance calculated in accordance with u.s. gaap . we use eni as a measure of operating performance , not as a measure of liquidity . eni - 69 - should not be considered in isolation or as a substitute for operating income , net income , operating cash flows , investing and financing activities , or other income or cash flow statement data prepared in accordance with u.s. gaap . the use of eni without consideration of related u.s. gaap measures is not adequate due to the adjustments described above . management compensates for these limitations by using eni as a supplemental measure to u.s. gaap results , to provide a more complete understanding of our performance as management measures it . a reconciliation of eni to our u.s. gaap net income ( loss ) attributable to apollo global management , llc can be found in the notes to our consolidated financial statements . operating metrics we monitor certain operating metrics that are common to the alternative investment management industry . these operating metrics include assets under management , private equity dollars invested and uncalled private equity commitments . assets under management assets under management , or aum , refers to the investments we manage or with respect to which we have control , including capital we have the right to call from our investors pursuant to their capital commitments to various funds . our aum equals the sum of : ( i ) the fair value of our private equity investments plus the capital that we are entitled to call from our investors pursuant to the terms of their capital commitments ; ( ii ) the nav , of our credit funds , other than certain clos and cdos , which have a fee generating basis other than the mark-to-market value of the underlying assets , plus used or available leverage and or capital commitments ; ( iii ) the gross asset value or net asset value of our real estate entities and the structured portfolio company investments included within the funds we manage , which includes the leverage used by such structured portfolio companies ; ( iv ) the incremental value associated with the reinsurance investments of the portfolio company assets we manage ; and ( v ) the fair value of any other investments that we manage plus unused credit facilities , including capital commitments for investments that may require pre-qualification before investment plus any other capital commitments available for investment that are not otherwise included in the clauses above . our aum measure includes assets under management for which we charge either no or nominal fees . our definition of aum is not based on any definition of assets under management contained in our operating agreement or in any of our apollo fund management agreements . we consider multiple factors for determining what should be included in our definition of aum . such factors include but are not limited to ( 1 ) our ability to influence the investment decisions for existing and available assets ; ( 2 ) our ability to generate income from the underlying assets in our funds ; and ( 3 ) the aum measures that we believe are used by other investment managers . given the differences in the investment strategies and structures among other alternative investment managers , our calculation of aum may differ from

liquidity and capital resources historical although we have managed our historical liquidity needs by looking at deconsolidated cash flows , our historical consolidated statements of cash flows reflects the cash flows of apollo , as well as those of the consolidated apollo funds . the primary cash flow activities of apollo are : generating cash flow from operations ; making investments in apollo funds ; meeting financing needs through credit agreements ; and distributing cash flow to equity holders and non-controlling interests . primary cash flow activities of the consolidated apollo funds are : raising capital from their investors , which have been reflected historically as non-controlling interests of the consolidated subsidiaries in our financial statements ; using capital to make investments ; generating cash flow from operations through distributions , interest and the realization of investments ; and distributing cash flow to investors . - 116 - while primarily met by cash flows generated through fee income and carried interest income received , working capital needs have also been met ( to a limited extent ) through borrowings as follows : replace_table_token_40_th ( 1 ) includes the effect of interest rate swaps . additionally the 2013 amh credit facilities provide for a $ 500 million revolving credit facility , which was undrawn as of december 31 , 2013. see note 14 of our consolidated financial statements for information regarding the company 's debt arrangements . we determine whether to make capital commitments to our funds in excess of our minimum required amounts based on a variety of factors , including estimates regarding our liquidity resources over the estimated time period during which commitments will have to be funded , estimates regarding the amounts of capital that may be appropriate for other funds that we are in the process of raising or are considering raising , and our general working capital requirements . cash flows significant amounts from our consolidated statements of cash flows for the years ended december 31 , 2013 , 2012 and 2011 are summarized and discussed within the table and corresponding commentary below : replace_table_token_41_th operating activities net cash provided by operating activities was $ 1,025.4


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources historical although we have managed our historical liquidity needs by looking at deconsolidated cash flows , our historical consolidated statements of cash flows reflects the cash flows of apollo , as well as those of the consolidated apollo funds . the primary cash flow activities of apollo are : generating cash flow from operations ; making investments in apollo funds ; meeting financing needs through credit agreements ; and distributing cash flow to equity holders and non-controlling interests . primary cash flow activities of the consolidated apollo funds are : raising capital from their investors , which have been reflected historically as non-controlling interests of the consolidated subsidiaries in our financial statements ; using capital to make investments ; generating cash flow from operations through distributions , interest and the realization of investments ; and distributing cash flow to investors . - 116 - while primarily met by cash flows generated through fee income and carried interest income received , working capital needs have also been met ( to a limited extent ) through borrowings as follows : replace_table_token_40_th ( 1 ) includes the effect of interest rate swaps . additionally the 2013 amh credit facilities provide for a $ 500 million revolving credit facility , which was undrawn as of december 31 , 2013. see note 14 of our consolidated financial statements for information regarding the company 's debt arrangements . we determine whether to make capital commitments to our funds in excess of our minimum required amounts based on a variety of factors , including estimates regarding our liquidity resources over the estimated time period during which commitments will have to be funded , estimates regarding the amounts of capital that may be appropriate for other funds that we are in the process of raising or are considering raising , and our general working capital requirements . cash flows significant amounts from our consolidated statements of cash flows for the years ended december 31 , 2013 , 2012 and 2011 are summarized and discussed within the table and corresponding commentary below : replace_table_token_41_th operating activities net cash provided by operating activities was $ 1,025.4
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 Suspicious Activity Report : in addition , the growth in our fee-generating aum during the last year has primarily been in our credit segment . the average management fee rate for these new credit products is at market rates for such products and in certain cases is below our historical rates . also , due to the complexity of these new product offerings , the company has incurred and will continue to incur additional costs associated with managing these products . to date , these additional costs have been offset by realized economies of scale and ongoing cost management . as of december 31 , 2013 , approximately 96 % of our total aum was in funds with a contractual life at inception of seven years or more , and 7 % of our total aum was in permanent capital vehicles with unlimited duration . as of december 31 , 2013 , we had total aum of $ 161.2 billion across all of our businesses . on december 31 , 2013 , apollo investment fund viii , l.p. ( `` fund viii `` ) held a final closing raising a total of $ 17.5 billion in third-party capital and approximately $ 880 million of additional capital from apollo and affiliated investors , and as of december 31 , 2013 , fund viii had $ 18.2 billion of uncalled commitments , or `` dry powder , `` remaining . additionally , fund vii held a final closing in december 2008 , raising a total of $ 14.7 billion , and as of december 31 , 2013 , fund vii had $ 3.4 billion of uncalled commitments remaining . we have consistently produced attractive long-term investment returns in our private equity funds , generating a 39 % gross irr and a 26 % net irr on a compound annual basis from inception through december 31 , 2013 . for further detail related to fund performance metrics across all of our businesses , see “ —the historical investment performance of our funds . ” - 63 - holding company structure the diagram below depicts our current organizational structure : note : the organizational structure chart above depicts a simplified version of the apollo structure . it does not include all legal entities in the structure . ownership percentages are as of the date of the filing of this annual report on form 10-k. ( 1 ) the strategic investors hold 30.21 % of the class a shares outstanding and 11.91 % of the economic interests in the apollo operating group . the class a shares held by investors other than the strategic investors represent 31.23 % of the total voting power of our shares entitled to vote and 27.51 % of the economic interests in the apollo operating group . class a shares held by the strategic investors do not have voting rights . however , such class a shares will become entitled to vote upon transfers by a strategic investor in accordance with the agreements entered into in connection with the investments made by the strategic investors . ( 2 ) our managing partners own brh holdings gp , ltd. , which in turn holds our only outstanding class b share . the class b share represents 68.77 % of the total voting power of our shares entitled to vote but no economic interest in apollo global management , llc . our managing partners ' economic interests are instead represented by their indirect beneficial ownership , through holdings , of 53.42 % of the limited partner interests in the apollo operating group . ( 3 ) through brh holdings , l.p. , our managing partners indirectly beneficially own through estate planning vehicles , limited partner interests in holdings . ( 4 ) holdings owns 60.58 % of the limited partner interests in each apollo operating group entity . the aog units held by holdings are exchangeable for class a shares . our managing partners , through their interests in brh and holdings , beneficially own 53.42 % of the aog units . our contributing partners , through their ownership interests in holdings , beneficially own 7.16 % of the aog units . ( 5 ) brh holdings gp , ltd is the sole member of agm management , llc , our manager . the management of apollo global management , llc is vested in our manager as provided in our operating agreement . ( 6 ) represents 39.42 % of the limited partner interests in each apollo operating group entity , held through intermediate holding companies . apollo global management , llc , also indirectly owns 100 % of the general partner interests in each apollo operating group entity . - 64 - each of the apollo operating group partnerships holds interests in different businesses or entities organized in different jurisdictions . our structure is designed to accomplish a number of objectives , the most important of which are as follows : we are a holding company that is qualified as a partnership for u.s. federal income tax purposes . our intermediate holding companies enable us to maintain our partnership status and to meet the qualifying income exception . we have historically used multiple management companies to segregate operations for business , financial and other reasons . going forward , we may increase or decrease the number of our management companies or partnerships within the apollo operating group based on our views regarding the appropriate balance between ( a ) administrative convenience and ( b ) continued business , financial , tax and other optimization . business environment as a global investment manager , we are affected by numerous factors , including the condition of financial markets and the economy . fluctuations in equity prices , which may be volatile , can significantly impact the valuation of our funds ' portfolio companies and related income we may recognize . story_separator_special_tag we believe that eni is helpful for an understanding of our business and that investors should review the same supplemental financial measure that management uses to analyze our segment performance . this measure supplements and should be considered in addition to and not in lieu of the results of operations discussed below in “ —overview of results of operations ” that have been prepared in accordance with u.s. gaap . the following summarizes the adjustments to eni that reconcile eni to the net income ( loss ) attributable to apollo global management , llc determined in accordance with u.s. gaap : inclusion of the impact of rsus granted in connection with the 2007 private placement and non-cash equity-based compensation expense comprising amortization of aog units . management assesses our performance based on management fees , advisory and transaction fees , and carried interest income generated by the business and excludes the impact of non-cash charges related to rsus granted in connection with the 2007 private placement and amortization of aog units because these non-cash charges are not viewed as part of our core operations . the aog units were fully amortized as of june , 2013. inclusion of the impact of income taxes as we do not take income taxes into consideration when evaluating the performance of our segments or when determining compensation for our employees . additionally , income taxes at the segment level ( which exclude apo corp. 's corporate taxes ) are not meaningful , as the majority of the entities included in our segments operate as partnerships and therefore are only subject to new york city unincorporated business taxes and foreign taxes when applicable . inclusion of amortization of intangible assets associated with the 2007 reorganization and subsequent acquisitions as these non-cash charges are not viewed as part of our core operations . carried interest income , management fees and other revenues from apollo funds are reflected on an unconsolidated basis . as such , eni excludes the non-controlling interests in consolidated funds , which remain consolidated in our consolidated financial statements . management views the business as an alternative investment management firm and therefore assesses performance using the combined total of carried interest income and management fees from each of our funds . one exception is the non-controlling interest related to certain individuals who receive an allocation of income from certain of our credit management companies , which is deducted from eni to better reflect the performance attributable to shareholders . eni may not be comparable to similarly titled measures used by other companies and is not a measure of performance calculated in accordance with u.s. gaap . we use eni as a measure of operating performance , not as a measure of liquidity . eni - 69 - should not be considered in isolation or as a substitute for operating income , net income , operating cash flows , investing and financing activities , or other income or cash flow statement data prepared in accordance with u.s. gaap . the use of eni without consideration of related u.s. gaap measures is not adequate due to the adjustments described above . management compensates for these limitations by using eni as a supplemental measure to u.s. gaap results , to provide a more complete understanding of our performance as management measures it . a reconciliation of eni to our u.s. gaap net income ( loss ) attributable to apollo global management , llc can be found in the notes to our consolidated financial statements . operating metrics we monitor certain operating metrics that are common to the alternative investment management industry . these operating metrics include assets under management , private equity dollars invested and uncalled private equity commitments . assets under management assets under management , or aum , refers to the investments we manage or with respect to which we have control , including capital we have the right to call from our investors pursuant to their capital commitments to various funds . our aum equals the sum of : ( i ) the fair value of our private equity investments plus the capital that we are entitled to call from our investors pursuant to the terms of their capital commitments ; ( ii ) the nav , of our credit funds , other than certain clos and cdos , which have a fee generating basis other than the mark-to-market value of the underlying assets , plus used or available leverage and or capital commitments ; ( iii ) the gross asset value or net asset value of our real estate entities and the structured portfolio company investments included within the funds we manage , which includes the leverage used by such structured portfolio companies ; ( iv ) the incremental value associated with the reinsurance investments of the portfolio company assets we manage ; and ( v ) the fair value of any other investments that we manage plus unused credit facilities , including capital commitments for investments that may require pre-qualification before investment plus any other capital commitments available for investment that are not otherwise included in the clauses above . our aum measure includes assets under management for which we charge either no or nominal fees . our definition of aum is not based on any definition of assets under management contained in our operating agreement or in any of our apollo fund management agreements . we consider multiple factors for determining what should be included in our definition of aum . such factors include but are not limited to ( 1 ) our ability to influence the investment decisions for existing and available assets ; ( 2 ) our ability to generate income from the underlying assets in our funds ; and ( 3 ) the aum measures that we believe are used by other investment managers . given the differences in the investment strategies and structures among other alternative investment managers , our calculation of aum may differ from

