Operator

Good morning, and welcome to Apollo Global Management's First Quarter 2026 Earnings Conference Call. [Operator Instructions] This conference is being recorded.

This call may contain forward-looking statements and projections, which do not guarantee future events or performance. Please refer to Apollo's most recent SEC filings for risk factors related to these statements. Apollo will be discussing certain non-GAAP measures on this call, which management believes are relevant in assessing the financial performance of the business. These non-GAAP measures are reconciled to GAAP figures in Apollo's earnings presentation, which is available on the company's website. Also note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Apollo fund.

I would now like to turn the call over to Noah Gunn, Global Head of Investor Relations.

Noah Gunn
MD of Finance & Global Head of Investor Relations in New York

Great. Thanks, operator, and welcome again, everyone, to our