Company: APO
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001193125-25-079161
Chunk: 122

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-11
Form: S-4
Chunk 122
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with respect to industry performance, general business and economic conditions and other matters, many of which are beyond the control of Bridge or

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Apollo. None of Bridge, Apollo or any of their respective affiliates or Lazard or any other person assumes responsibility if future results are materially different from those discussed. Any estimates contained in these analyses are not necessarily indicative of actual values or predictive of future results or values, which may be significantly more or less favorable than as set forth below. In addition, analyses relating to the value of Bridge do not purport to be appraisals or reflect the prices at which Bridge may actually be sold. Accordingly, the assumptions and estimates used in, and the results derived from, the financial analyses are inherently subject to substantial uncertainty. Except as otherwise noted, the following quantitative information, to the extent that it is based on market data, is based on market data as it existed on or before February 23, 2025, and is not necessarily indicative of current market conditions. Valuation Methodologies 1 Trading Comparables Analysis: Lazard reviewed and analyzed specific financial and operating data relating to Bridge and selected companies that Lazard, based on its experience with the alternative asset management industry and its professional judgement believed to be generally relevant for the purposes of their analyses. Although there are no publicly traded companies that are directly comparable to Bridge, Lazard selected these companies because they have publicly traded equity securities and were deemed to be relevant because of similarities to Bridge in one or more business, operating, regional or end-marketcharacteristics. Lazard’s analyses were based on selected large diversified alternative asset managers (“Large Diversified Alts”) and real asset exposure managers (“Real Asset Exposure Managers” and, together with the Large Diversified Alts, the “Selected Alternative Asset Managers”). The selected Large Diversified Alts were:

| • |     | Apollo Global Management, Inc. |

| • |     | Ares Management Corporation |

| • |     | Blackstone Inc. |

| • |     | Blue Owl Capital Inc. |

| • |     | Brookfield Asset Management Ltd. |

| • |     | The Carlyle Group Inc. |

| • |     | KKR & Co. Inc. |

| • |     | TPG Inc. |

The selected Real Asset Exposure Managers were:

| • |     | Antin Infrastructure Partners SAS |

| • |     | Cohen & Steers, Inc. |

| • |     | DigitalBridge Group, Inc. |

| • |     | R