Resolves per Preqin at fund liquidation. Market close may be extended to accommodate the ultimate fund term. The final % answer will be multiplied by 100 for purposes of this market.

Apollo X is a 2021 vintage, closed-end buyout, distressed debt, and corporate carve-out fund that makes investments across a wide range of industries.

As of market creation, Preqin lists the Net IRRs of previous Apollo funds as follows:

• Apollo IX = 26.0%

• Apollo VIII = 11.0%

• Apollo VII = 25.0%

• Apollo VI = 9.0%

• Apollo V = 44.0%

• Apollo IV = 6.8%

• Apollo III = 10.7%

• Apollo I, II, and MIA = 37.0%