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      "text": "Athene's alternative investment portfolio is constructed to produce a risk / reward outcome that is non-binary and less volatile than “pure equity” exposure",
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      "text": "Athene's $11.5 billion alternatives portfolio accounts for 6.2% of net invested assets; Post-merger, 87% of Athene's alternative investments were valued on a timely basis; Portfolio targeted to increase to ~$20 billion by 2026 as Athene's business grows",
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      "text": "Direct Investments in Origination & Other Ret. Services Businesses: Leading, competitively positioned businesses in focus markets; Direct, high-yielding, stable investments; Asset Originators: MidCap, Wheels/Donlen, Foundation Home Loans, among others; Strategic Investments: Athora, Venerable, Challenger, FWD, among others; Enduring conviction with strategic long-term hold periods",
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      "text": "Apollo & Other Fund Investments: Investing strategies spanning yield, hybrid, and equity supported by 600+ investment professionals; Recurring fund series with global investor bases; Significant alignment with GP and highly diversified",
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      "text": "Note: Yield, Hybrid, and Equity buckets include 3rd party investments. 1. The targeted increase in Athene's alternatives portfolio and dry powder is illustrative... 2. Includes CLO equities and royalties.",
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