Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 47

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 47
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$4.1 billion related to the funds we manage in our equity strategy primarily driven by our traditional private equity funds.

•Realizations of $(8.9) billion primarily attributable to:

•$(6.0) billion related to the funds we manage in our equity strategy primarily consisting of distributions from the traditional private equity funds and hybrid value funds; and

•$(2.9) billion related to the funds we manage in our credit strategy, largely driven by distributions from the direct origination funds.

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The following tables summarize changes in Fee-Generating AUM for Apollo’s investing strategies within the Asset Management segment:

Three months ended June 30,20252024(In millions)CreditEquityTotalCreditEquityTotalChange in Fee-Generating AUM1:Beginning of Period$522,844 $72,314 $595,158 $435,288 $70,809 $506,097 Inflows38,424 5,804 44,228 29,071 2,020 31,091 Outflows2(9,429)(929)(10,358)(14,847)(1,529)(16,376)Net Flows28,995 4,875 33,870 14,224 491 14,715 Realizations(1,132)(1,359)(2,491)(1,330)(439)(1,769)Market Activity311,332 439 11,771 3,110 10 3,120 End of Period$562,039 $76,269 $638,308 $451,292 $70,871 $522,163 1 At the individual strategy level, inflows include new subscriptions, commitments, capital raised, other increases in available capital, purchases, acquisitions and portfolio company appreciation. Outflows represent redemptions, other decreases in available capital and portfolio company depreciation. Realizations represent fund distributions of realized proceeds. Market activity represents gains (losses), the impact of foreign exchange rate fluctuations and other income.2 Outflows for Fee-Generating AUM include redemptions of $1.0 billion and $1.9 billion during the three months ended June 30, 2025 and 2024, respectively. 3 Includes foreign exchange impacts of $5.4 billion and $(0.5) billion during the three months ended June 30, 2025 and 2024, respectively. 

Six months ended June 30,