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  "documentTitle": "Apollo Global Management | Investor Presentation Deck | 60 slides",
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  "authorName": "Apollo Global Management",
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  "presentationDate": "2023-03-01 00:00:00",
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  "notes": "Uses bubble charts to visually represent market size disparity.",
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      "kind": "chart",
      "text": "Fixed-Income Replacement Addressable Market: ~$40T",
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      "text": "Alternative Investments Market Size: ~$16T total, ~$2T private credit",
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      "kind": "paragraph",
      "text": "...but we see a bigger opportunity with IG-equivalent private debt used as fixed-income replacement",
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      "text": "Private credit today is mostly perceived as leveraged lending...",
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      "text": "Note: 1) Alternative assets and private credit AUM based on forecasted Pitchbook data for 2023. 2) Fixed-income replacement market based on Apollo estimates as of Apollo's Investor Day on October 19, 2021. Sources: Apollo Chief Economist, Federal Reserve Board, S&P LCD, BofA, Preqin, SIFMA, Haver Analytics, Bloomberg.",
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      "kind": "title",
      "text": "Private Credit Addressable Market Is Bigger Than Most People Think",
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