{
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  "documentTitle": "Apollo Global Management | Investor Presentation Deck | 44 slides",
  "authorId": "apollo-global-management",
  "authorName": "Apollo Global Management",
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  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
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  "pageNumber": 18,
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  "slideType": "market_sizing",
  "function": "size_opportunity",
  "density": "dense",
  "nDataPoints": 3,
  "notes": "Uses bubble charts to illustrate the scale difference between current assets and potential market.",
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      "kind": "chart",
      "text": "Alternative Investments Market Size: ~$18T total, ~$1.5T private credit",
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      "kind": "chart",
      "text": "Fixed-Income Replacement Addressable Market: ~$40T",
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      "kind": "paragraph",
      "text": "Private credit today is mostly perceived as leveraged lending...",
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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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      "kind": "source-note",
      "text": "1. Alternative assets AUM based on forecasted PwC Global AWM & ESG Research Centre data for December 31, 2022. 2. Source Barclays “US Credit Private Credit: Not as big as you think, yet”; published on July 19, 2023. 3. Fixed-income replacement market based on Apollo estimates as of Apollo’s Investor Day on October 19, 2021. Sources: 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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