Apollo Affiliates Amend Hilton Grand Vacations Filing

TL;DR

Apollo group updated their Hilton Grand Vacations stake filing. No major changes detailed here, but always watch Apollo.

AI Summary

Apollo Principal Holdings A GP Ltd, through various affiliated entities, has amended its Schedule 13D filing concerning Hilton Grand Vacations Inc. as of November 27, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. The group members listed are primarily investment vehicles managed by Apollo.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of a significant shareholder in Hilton Grand Vacations, which could influence future corporate actions or stock performance.

Risk Assessment

Risk Level: medium — Amendments to 13D filings can indicate strategic shifts by major shareholders, potentially impacting the stock price.

Key Players & Entities

• Apollo Principal Holdings A GP Ltd (company) — Filing entity
• Hilton Grand Vacations Inc. (company) — Subject company
• AP DAKOTA CO-INVEST GP, LLC (company) — Group member
• AP DAKOTA CO-INVEST, L.P. (company) — Group member
• AP VIII DAKOTA HOLDINGS BORROWER GP, LLC (company) — Group member
• AP VIII DAKOTA HOLDINGS BORROWER, L.P. (company) — Group member
• AP VIII DAKOTA HOLDINGS, L.P. (company) — Group member
• APH HOLDINGS, L.P. (company) — Group member
• APOLLO ADVISORS VIII, L.P. (company) — Group member
• APOLLO CAPITAL MANAGEMENT VIII, LLC (company) — Group member

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common stock, par value $0.01 per share (Tit le of Class of Securit
• $42.10 — of 4,000,000 shares of Common Stock for $42.10 per share on the open market: Dakota C

Filing Documents

• tm2429653d1_sc13da.htm (SC 13D/A) — 152KB
• 0001104659-24-123834.txt ( ) — 154KB

of the

Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows: This Schedule 13D is filed jointly by: (i) AP Dakota Co-Invest, L.P. (“Dakota Co-Invest”); (ii) AP VIII Dakota Holdings Borrower, L.P. (“Dakota Holdings Borrower”); (iii) AP Dakota Co-Invest GP, LLC (“Dakota Co-Invest GP”); (iv) AP VIII Dakota Holdings Borrower GP, LLC (“Borrower GP LLC”); (v) AP VIII Dakota Holdings, L.P. (“Dakota Holdings LP”); (vi) Apollo Advisors VIII, L.P. (“Advisors VIII”); (vii) Apollo Capital Management VIII, LLC (“Capital Management VIII”);(viii) APH Holdings, L.P. (“APH Holdings”); and (ix) Apollo Principal Holdings A GP, Ltd. (“Principal Holdings A GP”). The foregoing are referred to herein collectively as the “Reporting Persons.” Dakota Co-Invest and Dakota Holdings Borrower each hold securities of the Issuer and are principally engaged in the business of investment in securities. Advisors VIII is the sole member of Dakota Co-Invest GP, which serves as the general partner of Dakota Co-Invest. Borrower GP LLC serves as the general partner of Dakota Holdings Borrower and Dakota Holdings LP serves as the sole member of Borrower GP LLC. Advisors VIII serves as the general partner of Dakota Holdings LP. Capital Management VIII serves as the general partner of Advisors VIII. APH Holdings serves as the sole member of Capital Management VIII, and Principal Holdings A GP serves as the general partner of APH Holdings. Attached as Appendix A to Item 2 is information concerning the executive officers, managers and directors of Principal Holdings A GP as to which such information is required to be disclosed in response to Item 2 and General Instruction C to Schedule 13D. None of the Reporting Persons nor any of the persons or entities referred to in Appendix A to Item 2 have, during the last five years, been convicted in a criminal proceeding

of the Schedule 13D is hereby amended and restated in its

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) & (b) Information in Rows 7 to 13 of the respective cover pages of the individual Reporting Persons are incorporated into this Item 5 by reference. The aggregate beneficial ownership of the Common Stock held by the Reporting Persons is as follows: Sole Voting Power 0 Shared Voting Power 26,295,825 Sole Dispositive Power 0 Shared Dispositive Power 26,295,825 The Reporting Persons’ aggregate percentage beneficial ownership of the total amount of Common Stock outstanding is 26.7%, based on a total of 98,488,634 shares of Common Stock outstanding as of October 31, 2024, as reported in the Issuer’s quarterly report on Form 10-Q filed on November 7, 2024. Dakota Co-Invest GP, Borrower GP LLC, Dakota Holdings LP, Advisors VIII, Capital Management VIII, APH Holdings, and Principal Holdings A GP , and Messrs. Marc Rowan, Scott Kleinman, and James Zelter, the managers, as well as executive officers and directors, of Principal Holdings A GP, each disclaims beneficial ownership of all Common Stock owned of record by Dakota Co-Invest and Dakota Holdings Borrower, except to the extent of any pecuniary interest therein, and the filing of this Schedule 13D shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose. (c) The Reporting Persons effected the following transaction of the Common Stock during the past sixty days: on November 25, 2024, the Reporting Persons set forth below sold an aggregate of 4,000,000 shares of Common Stock for $42.10 per share on the open market: Dakota Co-Invest 1,019,487 Dakota Holdings Borrower 2,980,513 (d) & (e) Not applicable. 12 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in

View Full Filing

View this SC 13D/A filing on SEC EDGAR