Apollo Global Management Investor Day Presentation Deck

Why "Holding the Underwriting Pen" Is Better than Buying CUSIPS APOLLO DIRECT ORIGINATION PLATFORMS Credit Documentation Control Due Diligence Access Relationship with Borrower Origination and Spread Economics Syndication Control Recurring Flow and Allocation Control Granularity APOLLO INVESTOR DAY 2021 BROADLY SYNDICATED LOANS × PARTIAL LIMITED XX X CONCENTRATED FULL COMPREHENSIVE GRANULAR We believe directly originating assets drives better risk-adjusted returns 104

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