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  "documentTitle": "Apollo Global Management | Investor Day Presentation Deck | 261 slides",
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      "text": "LAST 5 YEARS: $5 billion of Distributable Earnings generated, >90% cumulative Payout Ratio on DE. BUSINESS STARVED OF GROWTH CAPITAL",
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      "text": "NEXT 5 YEARS: Projecting $15 billion of capital generation, $5 billion for growth. Dividend grows as FRE grows. BUSINESS WILL HAVE PLENTIFUL GROWTH CAPITAL AVAILABLE",
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      "text": "Note: Last 5 years generally representative of 2016-2020. Next 5 years representative of 2022-2026. APOLLO INVESTOR DAY 2021",
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