Apollo Global Management Investor Day Presentation Deck

MidCap's Product Set Positioned Within Vast Segments of Financing Marketplace MIDCAP COMMITMENTS & % MARKET SHARE Leveraged Loans Asset Based Loans Lender Finance Real Estate Life Sciences Franchise Finance DESCRIPTION Senior secured cash flow-based loans to primarily sponsor-backed middle market companies Revolvers advancing against accounts receivable, inventory and HC receivables Senior secured facilities made to lenders secured by their underlying collateral First lien loans made to multifamily, office, retail, hotel and self storage, among other CRE asset classes Low LTV loans covered by material asset values / cash on hand Senior secured loans to franchise operators primarily in QSR / fast casual Source: Pitchbook, Federal Reserve, FDIC, Restaurant Research, Bloomberg News, Statista, Apollo Economist Team. ESTIMATED MARKET SIZE ~$1.3T ~$1.5T ~$7.5T ~$19T ~$100B ~$100B $38.1B ~3% share $4.3B < 1% share $2.3B < 1% share $1.5B < 1% share $1.4B ~1% share $0.9B < 1% share *MidCap Financial 61

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