Company Overview - Apollo is a high-growth, global alternative asset manager with a focus on providing clients excess returns across the risk-reward spectrum, from investment grade credit to private equity [2] - The company has over three decades of investing expertise and offers innovative capital solutions for business growth [2] - As of September 30, 2025, Apollo managed approximately $908 billion in assets [2] Upcoming Events - Martin Kelly, Chief Financial Officer of Apollo, will participate in a fireside chat at the UBS Financial Services Conference on February 10, 2026, at 8:50 am ET [1] - A live webcast of the event will be available on Apollo's Investor Relations website, with a replay accessible shortly after the event [1]

Core Insights - Sallie Mae has announced a multi-year strategic partnership with KKR to enhance its private student lending capabilities and generate fee income [1][3] - KKR plans to purchase an initial seed portfolio of private education loans and commit to a minimum of $2 billion in newly originated loans annually for an initial three-year term [2][4] - The partnership aims to improve Sallie Mae's loan origination capacity and provide ongoing servicing fees for managing the loans sold to KKR [3][4] Company Overview - Sallie Mae is a leader in private student lending, focusing on providing financing and resources to support access to college [7] - KKR is a global investment firm that specializes in alternative asset management and aims to generate attractive investment returns through disciplined investment strategies [6] Financial Implications - The partnership is expected to create a more resilient and capital-light earnings profile for Sallie Mae, allowing it to serve more students and families [4] - KKR's investment will come from its managed credit funds and accounts, indicating a strategic move to deploy long-term, flexible capital in high-quality financial institutions [4][6]