Group 1 - Apollo Global Management is transforming its asset management model by merging with its insurance and retirement services company, Athene, positioning itself as a principal investor rather than a third-party asset manager [1][11][12] - The company emphasizes a principal-oriented approach, focusing on long-term capital investments to support significant capital expenditure transformations, such as infrastructure and defense in Europe [2][12] - Apollo's strategy includes a diverse capital pool with annual returns ranging from 5% to 20%, allowing for flexible financing solutions tailored to specific company needs [2][27] Group 2 - Apollo manages approximately $800 billion in assets, with a significant portion allocated to credit markets, and has seen annual growth of about $150 billion [10][43] - The company has a unique asset allocation, with around 65% of its balance sheet in investment-grade assets, while its credit business includes both its own assets and third-party investments [43][44] - The firm is actively involved in creating customized financing solutions for major corporations, providing flexibility and off-balance sheet transactions that do not impact their current debt levels [59][60] Group 3 - The current macroeconomic environment presents challenges and opportunities, particularly with rising interest rates affecting investment strategies and asset returns [4][70] - Apollo's innovative approach to asset generation includes acquiring platforms and building capabilities to create a robust asset origination system, which has become increasingly valuable in the current market [36][41] - The company is exploring the potential for increased liquidity in private assets through technological advancements and structural reforms in the European capital markets [81][84] Group 4 - The relationship between limited partners (LPs) and general partners (GPs) is evolving into more collaborative partnerships, reflecting a shift in how investment strategies are developed and executed [48][50] - Apollo's focus on understanding the unique needs of issuers has allowed it to establish itself as a viable alternative financing option for large corporations, diversifying their funding sources [56][58] - The firm anticipates that private assets will become more accessible to retail investors, with a focus on creating semi-liquid structures and risk profiling to meet diverse investor needs [86][88]