|Apollo Global Management, LLC (Apollo) is a global alternative asset manager. The Company's primary business is to raise and invest private equity, capital markets and real estate funds as well as managed accounts, on behalf of pension and endowment funds, as well as other institutional and high net worth individual investors. For these investment and management services, Apollo receives management fees generally related to the amount of assets managed, transaction and advisory fees for the investments made and carried interest income related to the performance of the funds managed. Apollo has three business segments: Private equity, Capital markets and Real estate. In March 2013, The McGraw-Hill Companies Inc completed the sale of its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC, and the Company acquired AURUM Holdings Ltd. In October 2013, Pitney Bowes Inc sold Pitney Bowes Management Services with Apollo.