Apollo announced the formal launch of its Sponsor and Secondary Solutions business, S3, which provides flexible capital solutions to asset managers and limited partners across the yield, hybrid and equity spectrum. Apollo also announced that ADIA, a globally diversified investment institution and long-term partner to the firm, has made, through a wholly owned subsidiary, a cornerstone commitment to S3. This brings total new commitments for S3 to approx.

$4 billion, including affiliated capital. Together, Apollo and ADIA see a significant and growing opportunity set across private market secondary transactions and lending that can be holistically served through S3. S3, a natural extension of Apollo's global investment platform, offers a comprehensive set of secondary and fund finance capital solutions, including private equity, credit, and real asset secondary investments, net asset value (NAV) loans, GP lending, staking and more.

Apollo has already been highly active in these solutions to-date, committing or deploying more than $13 billion of capital to transactions of this nature over the last 12 months. With the launch of S3, Apollo establishes a dedicated, client-oriented business for these solutions, with operational protocols that provide additional information safeguards.