Athene

Athene is a financial services company specializing in issuing, reinsuring, and acquiring retirement savings products. These products are designed for individuals and institutions funding retirement needs. Apollo Global Management, Inc. (AGM) beneficially owns 100% of Athene's common stock and controls all voting power for electing its board of directors. Athene generates spread income by sourcing long-term liabilities and utilizing Apollo's global asset management business to source or originate assets with preferred risk and return characteristics. Athene's investment philosophy involves investing a portion of assets in securities that earn incremental yield by taking measured liquidity and complexity risk. This strategy capitalizes on Athene's long-dated liability profile to achieve higher net investment earned rates, rather than assuming incremental credit risk. The company's investment strategy benefits from its relationship with Apollo, which provides direct investment management, asset allocation, mergers and acquisitions asset diligence, and operational support services including investment compliance, tax, legal, and risk management support. This relationship grants Athene access to Apollo's investment professionals and global asset management infrastructure across various asset classes. Athene's portfolio is invested in a diverse array of primarily high-grade fixed income assets, including corporate bonds, structured securities, and commercial and residential real estate loans.