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  "documentTitle": "Apollo Global Management | Investor Presentation Deck | 44 slides",
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  "authorName": "Apollo Global Management",
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  "presentationDate": "2023-08-01 00:00:00",
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  "notes": "The chart shows a clear inverse relationship between the growth of corporate bond supply and the shrinking capacity of primary dealers to hold that inventory.",
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      "kind": "chart",
      "text": "Dual-axis line chart showing US corporate bonds outstanding vs primary dealer inventory",
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      "kind": "disclaimer",
      "text": "Reflects the views and opinions of Apollo Analysts. Subject to change at any time without notice. Sources: Bloomberg, Apollo Chief Economist; chart data reflects period from January 1, 2012 through December 31, 2021.",
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      "text": "Dow Plummets Nearly 3,000 Points as Virus Fears Spread; Coronavirus Triggers the Worst Market Crash Since 1987; UK equities no longer a 'must own' asset class; U.K. LDI funds sold $28 billion of gilts",
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      "kind": "title",
      "text": "IS SEMI-LIQUID, INVESTMENT GRADE CREDIT EVEN AN ALTERNATIVE?",
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      "kind": "title",
      "text": "Liquidity is Overvalued: It Only Exists on the Way Up",
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