Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 47

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 47
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, 2024 and September 30, 2024, respectively.

133

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

Three months ended September 30, 20252024(In millions)CreditEquityTotalCreditEquityTotalChange in Total AUM1:Beginning of Period$689,573 $150,032 $839,605 $561,612 $134,641 $696,253 Inflows44,004 38,059 82,063 38,642 3,300 41,942 Outflows2(13,711)(843)(14,554)(11,688)(1,317)(13,005)Net Flows30,293 37,216 67,509 26,954 1,983 28,937 Realizations(2,017)(3,993)(6,010)(2,717)(2,383)(5,100)Market Activity35,330 1,937 7,267 11,947 1,170 13,117 End of Period$723,179 $185,192 $908,371 $597,796 $135,411 $733,207 1 At the individual segment 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 Total AUM include redemptions of $1.8 billion and $1.6 billion during the three months ended September 30, 2025 and 2024, respectively. 3 Includes foreign exchange impacts of $(0.4) billion and $2.8 billion during the three months ended September 30, 2025 and 2024, respectively.

Nine months ended September 30, 20252024(In millions)CreditEquityTotalCreditEquityTotalChange in Total AUM1:Beginning of Period$616,387 $134,650 $751,037 $515,523 $135,253 $650,776 Inflows2133,830 56,008 189,838 112,010 7,508 119,518 Out