EFTA00597377.pdf

BLACK ASSET SUMMARY BLACK FAMILY LEON A DEBRA MARCH 31.2015 PARTNERS SLACK • TOTAL TRUSTS GRATS TOTAL NOTE ASSETS CASH U.S. TRUST 41201880 52206.469 52846247 10.219.657 156,473,953 JP MORGAN 307.804 7.361.939 2.762.110 10,431.853 WELLS FAROO 172.464 172,464 TO BANK 7.044 • 7,044 RESTRICTED CASH • PHAIDON 9.791 9827,613 9.837.400 41.509.684 59.756.707 65,426,670 10,219.657 178.922.718 BLACK FAMILY PARTNERS. LP 210.142.973 517846.606 1.896.235.966 AOG RELATED (TF ORM HOLDINGS. LP µ5.9%) .1218:92.727.166 SHS 2.002.906.786 2.002.906.786 CONTMGENT RECEIVABLE FROM AFFL ATE 313578.488 3135/0.488 2.316.426274 2,316,185,274 FINATTGIAL INVESTMENTS MARKETABLE SECURITIES 1.666.729 177.474 1,844,203 APOLLO RELATED "VESTMENTS 63.603.919 24.199.473 32531.441 120,337,833 OTHER PRIVATE EQUITY? DEBT & RESTRICTED STOCK 42.868.568 10.103.479 20.971.914 73.933.961 INVESTMENT PARTNERSHIPS 93823864 56801 7.506.020 101.387.075 201.952.670 34.361.553 61.168.249 297.503.072 FIRE ART OHO TANGOBLE INVESTMENTS ART • BRONZES CHINESE 324,668.615 334.668.615 ART . BRONZES - SOUTHEAST ASP. 26200.000 26,200,000 ART' FINE NOTE 2 1.721870.462 594.919.400 2.316.789.862 ART . RARE BOOKS & MANUSCRIPTS 62226532 82,228,532 JEWELRY 50.944.127 50.944,127 2215.911.736 594219.400 2.610.831,136 PLANES, BOATS & AUTOS AVIONETA HOLDINGS LLC IPLANE NOTE 3 16.227.504 16.227504 BJAV MARINE LTD. ISTARFIFte NOTE 3 26000.000 26.000.000 AUTOLICBLES 347.743 347.743 42.575.247 42.575.247 REAL ESTATE RESIDENCE • 760 PARK AVE. MC 29.000.000 29,000,000 RESIDENCE • 750 PARK AVE. NYC 1.000.000 1.000,000 RESIDENCE TOWNHOUSE 17,049.0% 34.744,362 51.793.478 RESIDENCE 190200 NARROWS. BEDFORD 30.000.000 30.000.000 RESIDENCE 73V 766 MEADOW LANE. SH 50.000.000 50,000.000 RESIDENCE • 715 MEADOW' LANE. SH 11.796404 11.795.304 RESIDENCE FL CONDO 16.500,000 16.500.000 127.049.096 63.038666 190.088.782 PlUIDON RELATED PUBLISHING ECUITY 70.977 76106.145 76.177.122 PUBLISHING RECEIVABLE 460.662 13804533 14,265,295 531.639 89210.778 90,442,417 TANGIBLE PERSONAL PROPERTY HOUSEHOLD PROPERTY NOTE 4 23.124.425 23,124825 OTHER PERSONAL ITEMS 1.724.975 1,724,975 244149.400 24.849.400 OTHER ASSETS HERITAGE FtECENABLE 127.695 127.695 DUE FROM BEN BLACK 1.512.773 1.512.773 OTHER RECEIVABLES 7,371.547 5416 7.376.865 LIFE INSURANCE CSV NOTE 5 20.496.496 20,496,496 OTHER ASSETS 104.744 104,744 7,499242 20.606.558 1512.773 29,616,573 TOTAL ASSETS 2.667.446870 2.736.784.906 1.393.854.961 1.908.455.623 5.979.316619 LIABIUTIES TI/ID PARTY LIABILITIES LOAN PAYABLE430FA (ART) NOTE 6 (464.000.6001 (484.000.000) LOAN PAYABLESOFA (AVIONETA) NOTE 6 120.726.0001 120225400) LOAN PAYABLE-SOFA (BJAV) NOTE 6 117.0625001 • (17462500) ACCOUNTS PAYABLE (20.684.0241 44.421246) 90 (25,105180) BALANCE PAYABLE FL CONDO (8250.000) • (8.250000) TOTAL LIABILITIES (542.471.5241 (1287124M 90 (555.142.680) NET WORTH 2.567.446.870 2193.313.385 1.381.183.715 1.908.455.713 5.424.173.939 INTRA FAMILY; TRUST TOTAL NTRA.FAA1LY WI "78 87; 1340.989.827: 1.670.361.755 0.388.150.033, VALUATION DISCOUNT GRAY GIFT" 589.741.387 1589.741.387, NET WORTH 2.626.225.745 2442064.945 3.051.545.470 (69.436.477) 5.424.173.939 COMMITMENTS- CHARITABLE -CASH NOTE 7 66,919.905 COMMITMENTS - CHARITABLE - ART NOTE 8 35.269.293 COMMITMENTS - PRIVATE EQUITY FUNDS NOTE 9 108,522.763 • Rath= ass= ardhatilocu OAS Aw.cnela. Bay Marra Fnonas Vitifium, Namras. Pont ORB Prod. NST 42 Rer1ous aids fl latallas UOFNLLC. SH Moadoe LLC. PA51 LLC "' AGO eqxnaa on run daccuroodb.v.4 EFTA00597377 BLACK ASSET SUMMARY INTRA-FAMILY' TRUST DETAIL BLACK FAMILY LEON & DEBRA MARCH 31. 2015 NOTE PARTNERS BLACK' TOTAL TRUSTS GRATS TOTAL INTRA FAMILY TRUST LDB 1GRAT ANNUITIES RECEIVABLE NOTE 1 1.388.150.803 (1.388150803) APO 1 AGREEMENT / LDB (1.676.396.684) 1.676.396.684 - 2011 CHILDREN'S TRUSTS! AP01 AGREEMENT LBF HOLDINGS I AP02 DECLARATION BFP / LDB 42.142.210 (42.142210) LDB 2011 / 2011 CHILDREN'S TRUSTS LDB 2014 / LDB (6.005.055) 6.005.055 LDB 20111LDB (2.908.863) 2.908.863 APO 1 AGREEMENT / NARROWS (2.665.550) 2.665.560 INTER-CO DEBT - BFP 16.636,665 (13.428) (16.623.237) INTER-CO DEBT- DRB 999.912 (999.912) APO I AGREEMENT! PHAIDON GLOBAL (8.752) 8,752 TOTAL INTRA-FAMILY 58.778275 (340.989.827) 1.670.361,755 (1,388,150,803) EFTA00597378 BLACK EMILY CONSOLIDATED ASSET SUMMARY APO 2 TRUST I APO 1 TRUST. BFP EXPOSURE ALLOCATED PARI PASSU LEON 8 DEBRA LDB 2014 LLC 8 BLACK EMILY LDB 2011 8 LBF MARCH 31 2015 Neff BLACK 2011 TRUSTS GST TRUST HOLDNGS GRATS TOTAL ASSETS CASH U.S. TRUST 55 502.324 12 592.149 21.392 920 26.986.184 40.003.376 156.473.953 JP MORGAN 7,386.569 22.065 212,359 2.586.380 222.481 10.431)153 WELLS FARGO 172.464 172.464 TO BANK 7.044 7.044 CASH MPH/ICON GLOBAL / PLEt 9.791 8.380.842 1.466.771 9.837.404 63.078.192 12.614214 29.966.121 31,041,335 40.222.857 178.922.718 BLACK FAMILY PARTNERS. LP AOG RELATED ITEMS: SRI< HOLDINGS. LP (45.9%) $21.6: 92327.166 SHS 160.268.796 14E578.373 251.360.593 1,447,701.024 2.002.906.786 CONTNGENT RECEIVABLE FROM AFFLIATE 25.091.642 22.478.874 39.353441 226.654.531 313.578.488 FINANCIAL INVESTMENTS MARKETABLE SECURITIES 133.367 119.479 209,171 177,474 1.204.712 1.844.203 APOLLO RELATED INVESTMENTS 29.288.874 4.559.447 7.982.158 32.534,441 45.972.913 120.337.633 OTHER PRIVATE EQUITY! DEBT 8 RESTRICTED STC 13.532.897 3.072.316 16.010.679 10.339495 30,978.173 73.933.961 INVESTMENT PARTNERSHIPS 7.568.062 6.725.734 18.882.448 397.220 67,815.593 101.387.075 50.521220 14,476.977 43.084.455 43.449.030 145,971.390 297.503.072 FINE ART AND TANGMLE INVESTMENTS NOTE 2 ART BRONZES CHIV ESE 334.668.615 334.668.615 ART BRONZES SOUTHEAST ASIA 26.200.000 26.200.000 ART FINE 1.721.870.462 355.739.426 239.179,974 2.316.789.862 ART RARE BOOKS 8 MANUSCRPTS 82.228.532 62.228.532 JEWELRY 50944 127 50 944127 2.215.911.736 355.739.426 239.179.974 2.810.831.136 MANES. BOATS 8 AUTOS NOTE 3 AVIONETA I4OLDNGS LLC (PLANE ) 16.227.504 16.227.504 BJAV MARNE L19 (STARFIRE1 26.000.000 26.000.000 AUTOMOBILES 347.743 347,743 42.575247 42.575.917 REAL ESTATE RESIDE/ICE - 760 PARK AVE. NYC 29.000.000 29.000.000 RESIDENCE - 750 PARK AVE. NYC 1.000.000 1.000.000 RESIDENCE - TOWNHOUSE 17.049.096 34.744 382 51.793.478 RESIDENCE - 190200 NARROWS. BEDFORD 30.000.000 30.000.000 RESIDENCE - 730' 766 MEADOW LANE SN 50.000.000 50.000.000 RESIDENCE - 715 MEADOW LANE. SN 11.795.304 11.795.304 RESIDENCE FL CONDO 16.500.000 16.500.000 127.019.096 28.295.304 34.744.382 190.088.782 PIMIDON RELATED PUBLISHING EQUITY 70.977 65.523.403 10,582.742 78.177.122 PUBLISHING DEBT 460.662 11.796.644 2.007.989 14.265.295 531.639 77.320,047 12.590.731 90.442.417 TANGIBLE PERSONAL PROPERTY HOUSEHOLD PROPERTY NOTE 4 23.124.425 23.124.425 OTHER PERSONAL ITEMS 1.724.975 1.724.975 24.049.400 24.849.400 OTHER ASSETS HERITAGE RECEIVABLE 10218 9.154 16.025 92298 127.695 OUE FROM BEN BLACK 1,512.773 1.512.773 OTHER RECEIVABLES 595.169 528.429 925.114 5.328.154 7.376.865 LIFE INSURANCE CSV NOTE 20.496.496 20.496.496 OTHER ASSETS 104.744 104.744 TOTAL ASSETS 2.731.081.594 193.686.021 826.060.525 362.518.225 1.885.970253 5.979.316.619 UABILITIES THIRD PARTY LIABILITIES LOAN PAYABLEBOFA (ART) NOTE 6 (484,000.000) (484.000.000) LOAN PAYABLE-SOFA (AVIONETA) NOTE 6 (20.725.000) (20.725.000) LOAN PAYABLE-SOFA (BJAV) NOTE 6 (17.062.500) (17.062.500) ACCOUNTS PAYABLE (20.684 024) (492.062) (3,929.184) 90 (25.105.180) BALANCE PAYABLE FL CONDO (8.250.003) (8.250.000) (542.471.524) (8.742 062( (3.929 184) 90 (555.142.680) TOTAL LIABILITIES (542.471.524) (8.742.062) (3.929.184) 90 (555.142.680) NET WORTH BEFORE ADJUSTMENTS 2.188.610.070 193.686.021 817.316.463 358.589.041 1.665.970.343 5.424.173.939 INTRA FAMILY/TRUST RECENABLEPAYABLE (336.286.512) 81.161.406 (94.100.355) 1.694.890.893 (1.345.665.4321 (0) VALUATION DISCOUNT • GRAT GIFT 589.741 387 (589.741.387) NET WORTH 2.442.064.945 274.847.427 723.218.109 2.053.479.934 (69.436.176) 5.424.173.939 COMMITMENTS • CHARITABLE • CASH NOTE 7 ' /1.••(<15 eistifls aM lobloes OAF Mpml, Avooneia. BJAV Menne. Fneocki VGOVe8. Narons. Pen'. CAB Prod. LIT 42 COMMITMENTS • CHARITABLE • ART NOTE 8 • • NerecN ast4“,,e4 labil608 01 OFH LLC. SH Meadwo LLC. PASILLC COMMITMENTS • PRIVATE EQUITY FUNDS NOTE 9 • • • ACG topcno4 en non auounio4 0105 5,23,2015 EFTA00597379 BLACK ASSET SUMMARY MARCH 31. 2015 NOTES TO BLACK ASSET SUMMARY NOTE 1: GRAT ANNUITIES RECEIVABLE APO Indirect % Net Annuity Gross Deferred APO(y1331r I 5 521.6 IIP 3412015 Receivable Receivable Revenue APOI GRAT No. 1 (10/25113) - $34.14 18.3560% 384.526.737 395.268.261 10.741.524 APOI GRAT No. 2 (12/4/13) - $29.72 17.5032% 319.085.286 326.528.746 7.443.460 APOI GRAT No. 3 (3'4/141- $32.78 3.0105% 70.360.772 72.166.599 1.805.827 APOI GHAT No. 4 (6'4/141- $25.17 3.6171% 65248.353 66.922.964 1974.611 APOI DRAT No.5 (£V4/14) - $2339 6.7326% 115.134.712 118.089.667 2.954.955 APOI GHAT No. 6 (12/4114) - $23.95 10.2152% 188.794.943 193.199.056 4.404.113 APOI DRAT No.7 (34/15)- $23.04 12.8455% 245.000.003 250.145.270 5.145270 72.2803% 1,388.150,803 1.422.320.563 34,169.760 NOTE 2: FINE ART Included art total are several items of rare books and bronzes NOTE 3: PLANE & BOAT Model Purchase Purchase 3/31/2015 Year Date Price Mkt. Value Gulf stream V 2002 2011 26.100.000 16.227.504 178 Ft. Berietli MN 1997 2011 Bank Appraisal 21.150.003 26.000.030 38 Fl. Hinckley Picnic Boat 1995 2011 NDL.Es• TANGIBLE PERSONAL PROPERTY HOUSEHOLD PROPERTY Values per Sothebys Appraisal less 40% discount Includes household property lor 760 Park Ave. and Bedford residences NOTE S• LIFE INSURANCE - CSV Second-to-Os death benefit $100.010.000 NOTE 6: BANK LOANS: BOFA TERMS Narrows LLC • An: 1M UBOR • 125 bps. Are May 31. 2015 l3484mm of 5495mm othrostment drawn ar Ill: raised to $565mm in May '15 - 5507 drawn) AvIonela LLC - Plane 1M LIBOR • 172 Cps. due September 5. 2016 BJAV Marine Lid - Boal: Daily LIBOR 4185 bps. due December 1. 2016 NOTE 7: COMMITMENTS - CHARITABLE - CASH Leon Black Balance 2015 2016 2017 2018 Museum d Modeni M 25.000000 5.000.003 5.000.000 5.000.000 5.000.000 Dartmouth Visual Ms Center ' 12.619.905 8.309.523 6.310.382 Reckelelky University 8.000.000 2.000.003 2.000.000 2.080.000 2.000.000 IMancena Research Alliance 6.580.000 3.500.000 3.000.000 Dartmouth El M Mick Proressthship In Jewish Studies" 1.280.000 320.000 320.000 320.000 320.000 MIT Media Lab (1) 1.003.000 1.000.000 Harvard University - Evolubonary Dynamics (1) 1.080.000 1.000.080 Harvard University - Genomics a Synthetic Biology Research Fund (II 1.080.000 1.000.080 AAzona Slate University - Origins Project (I) 1.003.000 1.000.000 - - AIPAC 750.000 250.000 250.000 250.000 AEIF 750.000 250.000 250.000 250.000 Dthimouth Cortege Fund - 400.000 108..000 100.000 100.000 100.000 Wald Jewish Congress 150.000 50.000 50.00D 50.000 Dartmouth Jewish Sluctes Speakers Program '" 120.000 30.000 30.00D 30.00D 30.000 Lincoln Center Theater 180.030 50.000 50.00D Subiotal 59.669.905 21.859.523 17.360.382 8.080.000 7.450.000 II) Pledge can be saluted by LOB ndividually or Family Foundation • DIVIMOUIll provided schedde reflects no 2010 payment lot VAC: reflected in 2016 above " Nen-Pledge annual recurring payment based on 2014 coniribinn •" Non- Pledge annual recurring payment Leon Black Family Foundation. Inc. Park Avenue Synagogue 4.003.030 1.000.003 1.003.000 1.003.000 1.000.000 ilithrigN Israel Foundation 1.503.000 500.080 500.000 500.000 Harlem Village Academies 1.080.000 250.000 250.000 250.000 250.000 Clinton FOundatiOn 750.000 250.000 250.000 250.000 Subtotal 7.250.000 2.000.003 2.003.000 2.003.000 1.250.000 Telal 66.919,905 5/23/2015 EFTA00597380 NOTE 9: Remaining Expected Future Investor Investment Commitment Commitment Call Amount Document Source OUTSTANDING COMMITMENTS NON-APOLLO APO2 Declaration Quadrangle Capital Partners II LP 5,000,000 437,772 12/31/14 Capital Account APO2 Declaration Markstone Capital Partners LP 500,000 31,339 3/31/14 Capital Account Black Family Partners LP Wolfensohn Capital Partners, 5,000,000 1,043,607 1,043,607 12/31/14 Capital Account Black Family Partners LP HAO Capital Fund II LP 6,000,000 960,000 1/16/15 Drawdown Notice Black Family Partners LP Tenfore Holdings Fund I LP 1,500,000 640.308 640,308 3/24/15 Drawdown Notice LDB 2011 LLC Searchlight Capital, LP 2,000,000 536,001 536,001 1/2/15 Drawdown Notice LDB 2011 LLC Quadrangle Capital Partners LP 5,000,000 26,632 12/31/14 Capital Account 3,675,659 2,219,916 APOLLO LDB 2011 LLC FCI Co-Investors I (A), LP 25,000.000 13,405,603 - 3/31/15 Apollo Ownership Report LBF Holdings LLC Apollo Credit Opportunity Fund I, LP 125,000,000 22,777,633 3/31/15 Apollo Ownership Report Black Family Partners LP Athene Holding Ltd 52,000,000 41,600,000 41,600,000 Initial Funding Notice Black Family Partners LP Apollo Credit Opportunity Fund Co-Invest III (A), LP 15,000,000 8,492,729 8,492,729 3/31/15 Apollo Ownership Report Black Family Partners LP FCI Co-Investors II (A), LP 25,000,000 15,195.574 15,195,574 3/31/15 Apollo Ownership Report Black Family Partners LP Apollo Co-Investors VI (A), LLC 45,949,072 1,774,549 1,774,549 3/31/15 Apollo Ownership Report Black Family Partners LP Apollo Co-Investors V. LLC 23,647,680 1,473,813 1,473,813 3/31/15 Apollo Ownership Report Black Family Partners LP Apollo Co-Investors IV, LLC 26,099,000 127,203 127,203 3/31/15 Apollo Ownership Report 104,847,104 68,663,868 TOTAL 108,522,763 70,883,784 5,232015 EFTA00597381