Apollo Global Management Investor Day Presentation Deck
Sidecar Capital Augments Our Capital Efficiency and Profitability
WHAT IS
ADIP?
ENHANCES
PROFITABILITY
Apollo/Athene
dedicated
investment
program
(ADIP) is a
win-win for
Athene and
Limited
Partners
APOLLO INVESTOR DAY 2021
• $3.2 billion
On-Demand Capital
Pool (Closed in 2019)
• $1.7 billion of capital
deployed to date to
support Athene's growth
• 3-5 year investment period
• 13-14% unlevered gross
target return to LPs
SUPPORTS
GROWTH
Investors earn
attractive spread
economics on current
~$28 billion of assets,
with potential to
exceed $60 billion
when fully-deployed
ADIP is a structural part of how we operate
Athene earns up to
~15 basis point fee on all
liabilities ADIP supports
~300 basis point ROE
enhancement
on business Athene retains
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