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THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. AN OFFERING IS MADE ONLY BY PROSPECTUS.

This is a marketing communication. Please refer to the Prospectus and Key Investor Document (KID) before making any final investment decisions.

This website is confidential and may not be distributed, transmitted or otherwise communicated to others, in whole or in part, without the express consent of Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”).

Recipients of this website (and their representatives) may disclose to any and all persons, without limitation of any kind, (i) the tax treatment and tax structure of the private investment funds discussed herein (the “Fund” or “Funds”) and (ii) any of their transactions, and all materials of any kind (including opinions and other tax analyses) relating to such tax treatment and tax structure. This website does not constitute an offer to sell, or the solicitation of an offer to buy, any security, product or service, including interests in the Funds. Offers for interests in the Fund can be made only by each Fund's Confidential Private Placement Memorandum (the “PPM”) or Prospectus (collectively, the “Offering Materials”), which will contain additional information about the applicable Fund, and in compliance with applicable law. Prospective investors must read the applicable final Offering Materials which will contain additional information about an investment in the relevant Fund.

Notwithstanding the forgoing, nothing herein is intended to impede an individual from communicating directly with the US Securities and Exchange Commission or other regulatory agency about a possible securities law violation.

Unless otherwise noted, information included herein is presented as of the dates indicated and may differ from the terms and provisions respecting an investment in the Funds which will be more fully set forth in the Offering Materials and the applicable corresponding limited partnership agreements or such other applicable constituent governing documentation of the Funds. This website is not complete and the information contained herein may change at any time without notice. Apollo does not have any responsibility to update the website to account for such changes.

Apollo has not made any representation or warranty, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness, or completeness of any of the information contained herein (including, but not limited to, information obtained from third parties unrelated to Apollo), and expressly disclaims any responsibility or liability therefore.

The information contained herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or, investment recommendations. Investors should make an independent investigation of the investment described herein, including consulting their tax, legal, accounting or other advisors, about the matters discussed herein.

Past performance is not indicative nor a guarantee of future returns.

Certain information contained herein may be “forward-looking” in nature. Due to various risks and uncertainties, actual events or results or the actual performance of a Fund may differ materially from those reflected or contemplated in such forward-looking information. As such, undue reliance should not be placed on such information. Forward-looking statements may be identified by the use of terminology including, but not limited to, “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology.

No Apollo entity referred to above acts for you and they are not responsible for providing you with the protections afforded to their clients. In particular, they will not provide you with any investment advice. No representative of the Apollo entities is permitted to lead you to believe otherwise. You should take your own independent legal, tax and finance advice.

By accepting delivery of this website, recipients agree to the disclosure and use restrictions described herein. Recipients may only use this website to the extent permitted by the applicable laws and regulations, and should be aware of and observe all such applicable laws and regulations. This website and the transactions, investments, products, services, securities or other financial instruments referred to in this website are not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to any laws or regulations. Distribution of additional information may be restricted in certain jurisdictions.

Investing in a Fund is speculative and involves a substantial degree of risk. Risks include, but are not limited to, the fact that each of the Funds has or may have: a limited or no operating history; volatile performance; leverage use; limited liquidity with no secondary market expected and restrictions on transferring interests; high fees and expenses; and a dependence on Apollo, which will have exclusive authority to select and manage a Fund’s investments. Prospective investors should carefully consider all risks described in the applicable Offering Materials in determining whether an investment in a Fund is suitable. There can be no assurance that the investment objectives described herein will be achieved. Nothing herein is intended to imply that a Fund’s investment methodology may be considered “conservative,” “safe,” “risk-free,” or “risk-averse.” Economic, market and other conditions could also cause a Fund to alter its investment objectives, guidelines and restrictions. Investment losses may occur.

Additional information may be available upon request.

Apollo Global Securities, LLC ("AGS") and Griffin Capital Securities, LLC (“GCS”), Members of FINRA and SIPC, are subsidiaries of Apollo Global Management, Inc. AGS conducts Apollo’s capital markets business and certain of its product marketing and distribution, and GCS is a wholesale marketing agent for Apollo-sponsored products.

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