Crestview Partners Closes Continuation Fund for Two Fund III Investments With Nearly $600 Million of Commitments

Crestview Partners为两只基金III投资关闭了近6亿美元承诺的延续基金。

Apollo S3 Served as Lead Investor; Additional Investments from Hamilton Lane and the Crestview Team

阿波罗S3担任主要投资者；哈密尔顿巷和克雷斯维尤团队追加投资。

NEW YORK, April 1, 2025-- Crestview Partners ('Crestview'), a leading private equity firm founded in 2004, announced the successful close of a continuation fund that includes two Crestview Partners III, L.P. ('Fund III') investments, VA Capital Company LLC ('Venerable') and ATC Drivetrain Investors L.P.

纽约，2025年4月1日——克雷斯特维尤合伙人公司（“克雷斯特维尤”），这家成立于2004年的领先私募股权公司，宣布成功完成了一项延续基金的募集，该基金包括克雷斯特维尤合伙人III有限合伙公司（“基金III”）的两项投资：VA资本公司有限责任公司（“Venerable”）和ATC传动系统投资者有限合伙公司。

/ ATC Drivetrain Group LLC (collectively, 'ATC'), with nearly $600 million of commitments. Apollo's Sponsor and Secondary Solutions business ('Apollo S3') led the transaction with additional investments from funds managed by Hamilton Lane, the Crestview team and others..

/ ATC传动集团有限责任公司（统称“ATC”），承诺金额近6亿美元。阿波罗的发起人和二级解决方案业务（“阿波罗S3”）主导了此次交易，汉密尔顿莱恩管理的基金、克雷斯特维尤团队及其他投资者也进行了额外投资。

The continuation fund will support strategic investments and acquisition opportunities for Venerable and ATC, while also providing liquidity to Fund III limited partners, solidifying the returns of both investments thus far.

延续基金将为Venerable和ATC的战略投资及收购机会提供支持，同时也为基金III的有限合伙人提供流动性，巩固迄今为止两项投资的回报。

'We are pleased to offer our investors an option for liquidity or to continue to participate in the value creation and acquisition opportunities that we plan to pursue over the next few years,' said Barry Volpert, Co-Founder and CEO of Crestview. 'This transaction – our first continuation fund – follows several recent exits that generated meaningful distributions to investors across our funds.'.

“我们很高兴为我们的投资者提供流动性选择，或继续参与我们计划在未来几年追求的价值创造和收购机会，”Crestview的联合创始人兼首席执行官巴里·沃尔珀特表示。“此次交易——我们的第一只延续基金——是在我们最近几次退出后进行的，这些退出为我们的基金投资者带来了可观的收益分配。”

Bob Delaney, a Partner at Crestview, added, 'While we remain committed to pursuing exits in Fund III, Venerable and ATC are at exciting inflection points, and we believe this transaction provides the advantages of additional time and capital to support further growth opportunities.'

克雷斯特维尤公司的合伙人鲍勃·德莱尼补充道：“尽管我们仍致力于追求基金III的退出，但Venerable和ATC正处于令人兴奋的关键转折点，我们相信这笔交易提供了额外的时间和资本优势，以支持更多的增长机会。”

The investors have agreed to contribute their pro-rata share of additional capital to support further growth and acquisition opportunities. As part of the transaction, Crestview offered its Fund III limited partners the opportunity to exercise a full liquidity option, a status-quo rollover option or an option to reinvest to participate in the new capital commitments of the continuation fund..

投资者已同意按比例出资额外资本，以支持进一步的增长和收购机会。作为交易的一部分，Crestview 为其第三基金的有限合伙人提供了行使完全流动性选项、现状滚动选项或再投资以参与延续基金新资本承诺的选择权。

Konnin Tam, Partner & Co-Head of Apollo S3, said, 'We are pleased to partner with the Crestview team and support the continued growth of Venerable and ATC, two differentiated businesses with new strategic initiatives underway. We believe this transaction offers strong alignment and demonstrates the types of bespoke capital solutions that S3 can provide to leading GPs.'.

康宁·谭，阿波罗S3的合伙人兼联席主管表示：“我们很高兴与Crestview团队合作，支持Venerable和ATC这两家具有差异化的企业的持续增长，这两家公司都有新的战略举措正在进行中。我们认为，此次交易提供了高度契合，并展示了S3能够为领先的普通合伙人提供的定制资本解决方案类型。”

Lazard served as exclusive financial advisor to Crestview and Davis Polk & Wardwell LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as Crestview's counsel. Weil, Gotshal & Manges LLP served as legal counsel to Apollo S3.

拉扎德担任克雷斯特维尤的独家财务顾问，戴维斯·波尔克&沃德威尔律师事务所和保罗·韦斯·里夫金德·沃顿&加里森律师事务所担任克雷斯特维尤的法律顾问。伟凯律师事务所担任阿波罗S3的法律顾问。

About Crestview

关于克雷斯特维尤

Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management.

Crestview成立于2004年，是一家专注于中型市场的价值导向型私募股权公司。该公司总部位于纽约，管理着约100亿美元的综合资本承诺基金。公司由一群在私募股权、金融、运营和管理方面具有互补经验和卓越背景的合伙人领导。

Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: financial services, industrials and media. For more information, please visit www.crestview.com..

Crestview 拥有专注于公司各专业领域（金融服务、工业和媒体）投资的资深投资专业人士，负责寻找和管理投资。欲了解更多信息，请访问 www.crestview.com。

About Apollo S3

关于Apollo S3

S3 is Apollo's Sponsor & Secondary Solutions business. S3 provides flexible capital solutions to asset managers and limited partners across the yield, hybrid and equity spectrum. Since inception, S3 has committed or deployed more than $26 billion across these strategies. S3 is a natural extension of Apollo's global investment platform, offering partner-oriented capital across asset classes including private equity, private credit, infrastructure and real estate.

S3 是阿波罗的赞助商及二级解决方案业务。S3 为资产管理公司和有限合伙人提供跨收益率、混合型和股权领域的灵活资本解决方案。自成立以来，S3 在这些策略中已承诺或部署超过 260 亿美元。S3 是阿波罗全球投资平台的自然延伸，提供覆盖私募股权、私人信贷、基础设施和房地产等资产类别的合作伙伴导向型资本。

As of December 31, 2024, Apollo had total assets under management of approximately $751 billion. To learn more about S3, please visit http://www.apollos3.com/..

截至 2024 年 12 月 31 日，Apollo 的总资产管理规模约为 7510 亿美元。如需了解更多关于 S3 的信息，请访问 http://www.apollos3.com/。

About Venerable

关于可敬的

Venerable owns and manages legacy variable annuity business, including variable annuities acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, Inc., Crestview Partners, Reverence Capital Partners and Athene Holdings, Ltd., Venerable is a business with well-established, strategic investors experienced in successfully building and growing insurance businesses with patient, long-term capital.

Venerable 拥有并管理传统的可变年金业务，包括从其他实体收购的可变年金。Venerable 由阿波罗全球管理公司（Apollo Global Management, Inc.）、Crestview Partners、Reverence Capital Partners 和 Athene Holdings, Ltd. 的关联公司领导的投资者集团创立，是一家拥有经验丰富、战略明确的投资者的企业，这些投资者擅长通过耐心的长期资本成功建立和扩展保险业务。

Venerable's business operations are based in West Chester, Pennsylvania, Des Moines, Iowa and New York, NY. For more information, please visit www.venerable.com..

Venerable的业务运营基地位于宾夕法尼亚州西切斯特、爱荷华州得梅因和纽约州纽约市。欲了解更多信息，请访问www.venerable.com。

About ATC

关于ATC

ATC is a Farmington Hills, Michigan-headquartered company, focused on providing environmentally friendly remanufacturing solutions for powertrain and drivetrain products regardless of the propulsion technology powering the vehicle. This includes full electric and hybrid electric battery packs, electric drive units, engines, transmissions and other driveline products.

ATC是一家总部位于密歇根州法明顿希尔斯的公司，专注于为动力总成和传动系统产品提供环保的再制造解决方案，无论车辆采用何种推进技术。这包括纯电动和混合电动电池组、电驱动单元、发动机、变速箱及其他传动系统产品。

ATC also offers EV battery lifecycle management solutions including battery storage and recycling. The company also provides engineering services including warranty root cause analysis, testing and production rework. ATC serves the global automotive and commercial vehicle industries from its facilities in the USA, Germany, United Kingdom, Brazil and China and supports automotive OEMs for both in-warranty and out of warranty products, IAM distributors and individual consumers.

ATC还提供包括电池存储和回收在内的电动汽车电池生命周期管理解决方案。该公司还提供工程服务，包括保修根本原因分析、测试和生产返工。ATC通过其位于美国、德国、英国、巴西和中国的设施为全球汽车和商用车行业服务，并支持汽车制造商的保修期内和保修期外产品、IAM分销商以及个人消费者。

For more information, please visit www.atcreman.com..

欲了解更多信息，请访问 www.atcreman.com。

Contact:

联系人：

Crestview Contacts:

克雷斯特维尤联系人：

Jeffrey Taufield or Daniel Yunger

杰弗里·陶菲尔德或丹尼尔·云格

Kekst CNC

Kekst CNC

jeffrey.taufield@kekstcnc.com / daniel.yunger@kekstcnc.com

jeffrey.taufield@kekstcnc.com / daniel.yunger@kekstcnc.com

(212) 521-4800

(212) 521-4800