Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 48

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 48
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The following table summarizes the investment record for distressed investments made in our traditional private equity fund portfolios since the Company’s inception. All amounts are as of March 31, 2025.

(In millions, except percentages)Total Invested CapitalTotal ValueGross IRRDistressed for Control$8,532 $19,663 29 %Non-Control Distressed6,374 12,569 71 Total14,906 32,232 49 Corporate Carve-outs, Opportunistic Buyouts and Other Credit173,620 130,335 21 Total$88,526 $162,567 39 %1 Other Credit is defined as investments in debt securities of issuers other than portfolio companies that are not considered to be distressed.

The following tables provide additional detail on the composition of the Fund X, Fund IX and Fund VIII private equity portfolios based on investment strategy. Amounts for Fund I, II, III, IV, V, VI and VII are included in the table above but not presented below as their remaining value is less than $100 million, the fund has been liquidated or the fund commenced investing capital less than 24 months prior to March 31, 2025 and such information was deemed not meaningful. All amounts are as of March 31, 2025.

Fund X

(In millions)Total Invested CapitalTotal ValueCorporate Carve-outs$720 $747 Opportunistic Buyouts6,287 7,865 Distressed1286 1,069 Total$7,293 $9,681 

Fund IX

(In millions)Total Invested CapitalTotal ValueCorporate Carve-outs$5,717 $11,917 Opportunistic Buyouts14,710 23,891 Distressed11,328 3,894 Total$21,755 $39,702 

Fund VIII

(In millions)Total Invested CapitalTotal ValueCorporate Carve-outs$2,704 $7,060 Opportunistic Buyouts13,344 19,816 Distressed1567 754 Total$16,615 $27,630 1 The distressed investment strategy includes distressed for control, non-control distressed and other credit. Other credit is defined as investments in debt securities of issuers other than portfolio companies that are not considered to be distressed.

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Perpetual Capital

The following table summarizes the investment record for the perpetual capital vehicles we