Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 55

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 55
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 will also be affected by the applicable risks, including risks of the industries and businesses in which a particular fund invests. See “Item 1A. Risk Factors—Risks Relating to Our Asset Management Business—“Historical performance metrics are unreliable indicators of our current or future results of operations”.

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Investment Record

The following table summarizes the investment record by strategy of Apollo’s significant commitment-based funds that have a defined maturity date in which investors make a commitment to provide capital at the formation of such funds and deliver capital when called as investment opportunities become available. All amounts are as of December 31, 2024, unless otherwise noted.

(In millions, except IRR)Vintage YearTotal AUMCommittedCapitalTotal Invested CapitalRealized ValueRemaining CostUnrealized ValueTotal ValueGrossIRRNetIRRCredit:Accord VI12024$1,881 $1,701 $391 $185 $341 $336 $521 33 %20 %Accord I, II, III, III B, IV & V1Various— 7,992 6,795 7,251 — — 7,251 18 13 Accord+ II5N/A3,125 3,096 1,146 124 1,045 1,062 1,186 NM4NM4Accord+20213,354 2,370 6,759 5,129 2,293 2,397 7,526 16 13 ADIP II20246,679 6,016 2,603 — 2,603 2,952 2,952 NM4NM4ADIP I20205,150 3,254 2,620 1,570 2,597 3,098 4,668 23 20 EPF IV20233,060 2,959 1,131 424 821 978 1,402 21 13 EPF III20172,692 4,398 4,902 4,272 1,671 1,728 6,000 9 4 Total Credit$25,941 $31,786 $26,347 $18,955 $11,371 $12,551 $31,506 Equity:Fund X2023$20,310 $19,877 $