Apollo Global Management Investor Day Presentation Deck

MidCap is a Leading Specialty Finance Company Serving the Middle Market MidCap Business Highlights Financial 2008 FOUNDED 2013 ACQUIRED 290+ EMPLOYEES Middle market-focused specialty finance firm that provides senior debt solutions to companies across multiple industries Acquired by Athene as an equity investment in its alternatives portfolio Headquartered in Bethesda, MD with additional offices in New York, Chicago, and Los Angeles Difficult to replicate front-to-back team across each product Deep, diverse capital base and funding sources $48B Commitments Managed 3Q'23 ~100% First Lien Senior Secured Long track record of low losses across products $14B+ Assets Originated LTM 3Q'23 28BPS Cumulative Credit Losses since 2008¹ Benefits of scale - speaking for whole deal leads to more controls Unique Platform With High Barriers To Entry 1. Since inception in 2008, MidCap Financial has experienced cumulative losses of 28 basis points on $45.7 billion of funded assets, excluding loans and losses related to strategic and opportunistic acquisitions. 20+ yrs Senior Leadership Working Together BB+ Corporate Credit Rating *MidCap Financial Scalable back-office infrastructure 48

View entire presentation