Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 217

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 217
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61% gross IRR and a 44% net IRR since its inception through its liquidation in 2023. Accordingly, the IRR going forward for any current or future fund may vary considerably from the historical IRR generated by any particular fund, or for our private equity funds as a whole. Future returns 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” in the 2024 Annual Report.  

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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 March 31, 2025, unless otherwise noted.

(In millions, except IRR)Vintage YearTotal AUMCommittedCapitalTotal Invested CapitalRealized ValueRemaining CostUnrealized ValueTotal ValueGrossIRRNetIRRCredit:Accord VI12024$1,884 $1,701 $497 $340 $408 $404 $744 23 %14 %Accord I, II, III, III B, IV & V1Various— 7,992 6,795 7,251 — — 7,251 18 13 Accord+ II20253,699 3,661 1,966 285 1,726 1,744 2,029 NM4NM4Accord+20213,029 2,370 6,869 5,454 2,135 2,243 7,697 15 12 ADIP II20246,772 6,016 2,603 — 2,603 3,064 3,064 18 13 ADIP I20205,221 3,254 2,620 1,665 2,597 3,085 4,750 23 19 EPF IV20233,155 3,021 1,272 451 938 1,117 1,568 21 13 EPF III20172,529 4,459 4,975 4,