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  "documentTitle": "Apollo Global Management | Investor Presentation Deck | 60 slides",
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  "presentationDate": "2023-03-01 00:00:00",
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      "text": "Bank Capital as a % of All US Loans Outstanding at 2021 YE",
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      "text": "Banks' share of overall lending has been on the decline...",
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      "kind": "paragraph",
      "text": "...prompting private investors to fill the void by lending directly to borrowers",
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      "text": "GFC stands for the Global Financial Crisis that took place in 2008. Sources: Top Chart: Federal Reserve Flow of Funds, JP Morgan, SIFMA. 2021; Bottom charts: Left: Preqin, Apollo Chief Economist as of September 30, 2021. Right: Bloomberg, Apollo Chief Economist as of January 2023.",
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      "text": "Post-GFC Regulations Fundamentally Changed the Role of Banks",
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