Apollo Global Management Investor Day Presentation Deck
How Did MidCap Enter Apollo's Ecosystem?
Originally acquired in
2013 as a core alternative
investment for Athene,
driven by consistent cash
flow profile and downside
protection
$2.6B
Initial Size
2013
Note: Totals may not add due to rounding.
+
Since then, MidCap has transformed into one of the largest capital providers to the
middle market, driven by:
●
●
Apollo, Athene and 3rd party investors have committed ~$3 billion of equity since inception
Scaled and diversified access to debt capital
Key management has remained in-place and overseen the scaling of the business
• Strategic integration with the broader Apollo ecosystem, as a cornerstone of direct origination
platform strategy
$3.0B
Acquisitions from GE and PNC
*MidCap
Financial
*MidCap
Financial
+
$43B
Organic Commitments Growth
On-Balance Sheet, in Sidecars,
and Held by other Third Parties
=
$48B
COMMITMENTS
TODAY
3Q 2023
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