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LOWES,WILLIAM T JOYCE,MARIA MORAN,JOHN A KELLY JR,EDWARD J GENDELMAN,
JONATHAN B MAXWELL,GERTRUDE COLEMAN,CATHERINE FISHER,KATHLEEN SMITH,STEPHEN PEARL,
l form through the book-entry delivery system of The Depository Trust Company on or about , 2017. Joint Book-Running Managers BofA Merrill Lynch Morgan Stanley UBS Investment Bank Wells Fargo Securities , 2017 EFTA00613223 TABLE OF CONTENTS Prospectus Supplement Page About This Prospectus Supplement
hdrawals (cash flows) before the effects of management fees, incentive fees allocated to the general partner, or other fees and expenses. Returns of Athene sub-advised portfolios and CLOs represent the gross returns on invested assets, which exclude cash. Returns over multiple periods are calculated by
MS_Print Design_North America Insight English
e company has meaningful fee-related earnings as a percentage of overall operating income. This is largely driven by their advisory relationship with Athene, where APO earns a fee on ~$74b of assets and should benefit from additional management fees from the company©most recent $24b flagship private equi
Page: HOUSE_OVERSIGHT_025556 →l and capital markets that delays harvesting of investments and dampens returns which Lower cash earnings. Morgan Stanley & Co. International plc (“Morgan Stanley”) is cur- rently acting as financial advisor to Banco Popular Espafiol, S.A. (“Banco Popular”) in relation to its agreements with Balsam Invest- ment
Page: HOUSE_OVERSIGHT_025582 →Entities connected to both Morgan Stanley and Athene

Jeffrey Epstein
PERSON
Prince Andrew
PERSONLeon Black
PERSON
United States
LOCATION
Richard Kahn
PERSON
Marc Rich
PERSON
Joe Biden
PERSON
Alan Dershowitz
PERSON
Donald Trump
PERSON
Joi Ito
PERSON
Michael Cohen
PERSON
Prince Charles
PERSONMorgan Stanley Smith Barney LLC
ORGANIZATION
Barry Diller
PERSON
U.S. Treasury
ORGANIZATION
Ronald Reagan
PERSON
Paul Ryan
PERSON
Houston
LOCATION
Barack Obama
PERSONEileen Alexanderson
PERSON