Apollo Global Management Investor Day Presentation Deck
Hybrid Value Strategy: Why Now?
WE BELIEVE HYBRID VALUE'S SOLUTIONS-ORIENTED CAPITAL IS IN THE EARLY INNINGS OF GROWTH
MAINSTREAM ADOPTION
HYBRID VALUE CAPITAL
$51B
special situations sector dry powder¹
$185B
special situations sector AUM²
23%
net IRR for HVF 1³
PRIVATE CREDIT
$312B
private credit sector dry powder¹
$907B
private credit sector AUM²
9.9%
net IRR of median
quartile 2018 vintage credit funds4
TIME IN MARKET
TRADITIONAL PE
$881B
buyout sector dry powder¹
$2,740B
buyout sector AUM²
18.2% net IRR of median
quartile 2018 vintage buyout funds5
TODAY, DEMAND IS OUTPACING SUPPLY AS COMPANIES, SPONSORS, AND INTERMEDIARIES ARE INCREASINGLY
SEEKING HYBRID CAPITAL IN LIEU OF TRADITIONAL COMMON EQUITY OR DEBT CAPITAL
Past performance is not indicative nor a guarantee of future returns. Please refer to the Disclaimers pages for important information regarding returns including IRR. 1. Source: Preqin as of September 30, 2021. 2. Source: Preqin as of March 31, 2021. 3. As of June 30, 2021. 4. Source: Thomson One. Represents total U.S.
Credit Opportunities, Senior Debt and Subordinated Capital funds with 2018 vintages net IRR through Q1 2021. 5. Source: Thomson One. Represents total U.S. Buyout funds with 2018 vintages net IRR through Q1 2021.
APOLLO INVESTOR DAY 2021
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