Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 200

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 200
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 Fee-Generating AUM by investing strategy (in billions):

 Note: Totals may not add due to rounding.

110

The following presents Apollo’s AUM with Future Management Fee Potential by investing strategy (in billions):

Note: Totals may not add due to rounding

The following tables present the components of Performance Fee-Eligible AUM for Apollo’s investing strategies within the Asset Management segment:

March 31, 2025(In millions)CreditEquityTotalPerformance Fee-Generating AUM 1$103,199 $59,421 $162,620 AUM Not Currently Generating Performance Fees9,570 4,950 14,520 Uninvested Performance Fee-Eligible AUM28,562 29,191 57,753 Total Performance Fee-Eligible AUM$141,331 $93,562 $234,893 

March 31, 2024(In millions)CreditEquityTotalPerformance Fee-Generating AUM 1$83,931 $53,785 $137,716 AUM Not Currently Generating Performance Fees7,086 5,014 12,100 Uninvested Performance Fee-Eligible AUM25,540 33,543 59,083 Total Performance Fee-Eligible AUM$116,557 $92,342 $208,899 

December 31, 2024(In millions)CreditEquityTotalPerformance Fee-Generating AUM 1$92,532 $57,665 $150,197 AUM Not Currently Generating Performance Fees10,454 4,354 14,808 Uninvested Performance Fee-Eligible AUM30,695 27,779 58,474 Total Performance Fee-Eligible AUM$133,681 $89,798 $223,479 1 Performance Fee-Generating AUM of $7.0 billion, $8.8 billion and $6.1 billion as of March 31, 2025, March 31, 2024 and December 31, 2024, respectively, are above the hurdle rates or preferred returns and have been deferred to future periods when the fees are probable to not be significantly reversed.

111

The components of Fee-Generating AUM by investing strategy are presented below:

 March 31, 2025(In millions)CreditEquityTotalFee-Generating AUM based on capital commitments