Apollo Global Management Investor Day Presentation Deck

Why is Structured Credit an Attractive Asset Class for Athene? The illiquidity and complexity premia offered by structured credit provides an attractive. means for investors with the appropriate expertise, stable funding, and capital to earn incremental yield without incremental credit risk APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 DIVERSIFICATION BENEFIT CREDIT ENHANCEMENT STRUCTURAL PROTECTIONS THAT DIVERT CASH TO SUPPORT IG DEBT TRANCHES IN PERIODS OF STRESS 86

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