Exhibit 99.2

This Statement on Form 3 is filed by: (i) Athene Annuity and Life Company; (ii) Athene Annuity & Life Assurance Company; (iii) Athene USA Corporation; (iv) Athene Life Re Ltd.; (v) Athene Holding Ltd.; (vi) Apollo Insurance Solutions Group LP; (vii) AISG GP Ltd.; (viii) Apollo Life Asset, L.P.; (ix) Apollo Life Asset GP, LLC; (x) Apollo Capital Management, L.P.; (xi) Apollo Capital Management GP, LLC; (xii) Apollo Management Holdings, L.P.; (xiii) Apollo Management Holdings GP, LLC.

Name of Designated Filer: Apollo Principal Holdings III GP, Ltd.

Date of Event Requiring Statement: July 15, 2021

Issuer Name and Ticker or Trading Symbol: Ares Dynamic Credit Allocation Fund, Inc. [ARDC]

ATHENE ANNUITY AND LIFE COMPANY

By:	Apollo Insurance Solutions Group LP, its investment adviser

	By:	AISG GP Ltd.,
		its general partner

		By:	/s/ Angelo Lombardo
			Angelo Lombardo
			Authorized Signatory

ATHENE ANNUITY & LIFE ASSURANCE COMPANY

By:	Apollo Insurance Solutions Group LP,
	its investment adviser

	By:	AISG GP Ltd.,
		its general partner

		By:	/s/ Angelo Lombardo
			Angelo Lombardo
			Authorized Signatory

ATHENE USA CORPORATION

By:	Apollo Insurance Solutions Group LP,
	its investment adviser

	By:	AISG GP Ltd.,
		its general partner

		By:	/s/ Angelo Lombardo
			Angelo Lombardo
			Authorized Signatory

[Signature Page to Form 3 (Apollo Strategic Growth Capital II)]

Athene Life Re Ltd.

By:	Apollo Insurance Solutions Group LP,
	its investment adviser

	By:	AISG GP Ltd.,
		its general partner

		By:	/s/ Angelo Lombardo
			Angelo Lombardo
			Authorized Signatory

ATHENE HOLDING LTD.

By:	Apollo Insurance Solutions Group LP,
	its investment adviser

	By:	AISG GP Ltd.,
		its general partner

		By:	/s/ Angelo Lombardo
			Angelo Lombardo
			Authorized Signatory

APOLLO INSURANCE SOLUTIONS GROUP LP

By:	AISG GP Ltd.,
	its general partner

	By:	/s/ Angelo Lombardo
		Angelo Lombardo
		Authorized Signatory

	AISG GP LTD.

	By:	/s/ Angelo Lombardo
		Angelo Lombardo
		Authorized Signatory

APOLLO LIFE ASSET, L.P.

By:	Apollo Life Asset GP, LLC,
	its general partner

	By:	/s/ William B. Kuesel
		William B. Kuesel
		Vice President

	APOLLO LIFE ASSET GP, LLC

	By:	/s/ William B. Kuesel
		William B. Kuesel
		Vice President

APOLLO CAPITAL MANAGEMENT, L.P.

By:	Apollo Capital Management GP, LLC,
	its general partner

		By:	/s/ William B. Kuesel
			William B. Kuesel
			Vice President

	APOLLO CAPITAL MANAGEMENT GP, LLC

	By:	/s/ William B. Kuesel
		William B. Kuesel
		Vice President

APOLLO MANAGEMENT HOLDINGS, L.P.

By:	Apollo Management Holdings GP, LLC,
	its general partner

	By:	/s/ William B. Kuesel
		William B. Kuesel
		Vice President

	APOLLO MANAGEMENT HOLDINGS GP, LLC

	By:	/s/ William B. Kuesel
		William B. Kuesel
		Vice President

ATHENE ANNUITY & LIFE ASSURANCE Co 3