On December 2, 2021, Apollo Global Management, Inc. (“Apollo”) issued
a press release, a copy of which is attached as Exhibit 99.1 hereto, announcing that it entered into a definitive agreement to acquire
the US wealth distribution and asset management business of Griffin Capital (the “Transaction”). In connection with this announcement,
Apollo has also made available to investors a presentation on its website.
The Transaction, which remains subject to customary closing conditions,
including approval by the Griffin Institutional Access Real Estate Fund and the Griffin Institutional Access Credit Fund and the prior
consummation of the Apollo-Athene merger, is expected to be completed in the first half of 2022.
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The information in this Current Report on Form 8-K, including Exhibit 99.1,
contains forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s
expectations regarding the performance of its business, its liquidity and capital resources and the other non-historical statements in
the discussion and analysis. These forward-looking statements are based on management’s beliefs, as well as assumptions made by,
and information currently available to, management. When used in this Current Report on Form 8-K, the words “believe,” “anticipate,”
“estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements.
Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance
that these expectations will prove to have been correct. It is possible that actual results will differ, possibly materially, from the
anticipated results indicated in these statements. These statements are subject to certain risks, uncertainties and assumptions, including
risks relating to Apollo’s dependence on certain key personnel, Apollo’s ability to raise new private equity, credit or real
assets funds, the impact of COVID-19, the impact of energy market dislocation, market conditions, generally, Apollo’s ability to
manage its growth, fund performance, changes in Apollo’s regulatory environment and tax status, the variability of Apollo’s
revenues, net income and cash flow, Apollo’s use of leverage to finance its businesses and investments by funds managed by subsidiaries
of Apollo (the “Apollo funds”), litigation risks and consummation of the merger of Apollo with Athene, potential governance
changes and related transactions which are subject to regulatory, corporate and stockholders approvals, among others. Due to the COVID-19
pandemic, there has been uncertainty and disruption in the global economy and financial markets. While Apollo is unable to accurately
predict the full impact that COVID-19 will have on Apollo’s results from operations, financial condition, liquidity and cash flows
due to numerous uncertainties, including the duration and severity of the pandemic and containment measures, Apollo’s compliance
with these measures has impacted Apollo’s day-to-day operations and could disrupt Apollo’s business and operations, as well
as that of the Apollo funds and their portfolio companies, for an indefinite period of time. Apollo believes these factors include but
are not limited to those described under the section entitled “Risk Factors” in Apollo’s annual report on Form 10-K
filed
with the SEC on February 19, 2021 and Quarterly Report on Form 10-Q
filed with the SEC on May 10, 2021, as such factors may be updated from time to time in Apollo’s periodic filings with the SEC,
which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read
in conjunction with the other cautionary statements that are included in this Current Report on Form 8-K and in other filings.
Apollo undertakes no obligation to publicly update or review any forward-looking
statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This Current
Report on Form 8-K does not constitute an offer of any Apollo fund.
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