💰 Financial Record

This document is page 22 of a Morgan Stanley research report titled 'North America Insight,' focused on a 'Sum-of-the-Parts' (SOTP) and sensitivity analysis for Apollo Global Management (APO). It features financial models based on Q3 2017 data and 2018 estimates, projecting share prices under different scenarios, specifically regarding a potential C-Corp conversion. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was obtained as part of a congressional investigation, likely related to inquiries into Apollo's financial practices or connections.