HOUSE_OVERSIGHT_026634.txt

The document discusses Apollo's management meeting with an optimistic outlook for growth opportunities and recurring fee prospects. The post-election outlook is likely favorable for GDP growth and rising rates, but it could also create volatility and uncertainty on multiples. Potential tax changes could have mixed impacts on APO and the industry, including higher carried interest tax rates, incentives for firms to shift from a partnership structure to a c-corp structure, and potential index inclusion.