Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 427

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 427
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 is less than 24 months prior to the period indicated and such information was deemed not meaningful.5 Vintage Year is not yet applicable as the fund has not had its final closing.

148

Equity

The following table summarizes the investment record for distressed investments made in our traditional private equity fund portfolios since the Company’s inception. All amounts are as of September 30, 2025.

(In millions, except percentages)Total Invested CapitalTotal ValueGross IRRDistressed for Control$9,283 $21,292 29 %Non-Control Distressed6,085 11,437 71 Total15,368 32,729 49 Corporate Carve-outs, Opportunistic Buyouts and Other Credit177,723 135,607 21 Total$93,091 $168,336 39 %1 Other Credit is defined as investments in debt securities of issuers other than portfolio companies that are not considered to be distressed.

The following tables provide additional detail on the composition of the Fund X, Fund IX and Fund VIII private equity portfolios based on investment strategy. Amounts for Fund I, II, III, IV, V, VI and VII are included in the table above, but not presented below as their remaining value is less than $100 million, the fund has been liquidated or the fund commenced investing capital less than 24 months prior to September 30, 2025 and such information was deemed not meaningful. All amounts are as of September 30, 2025.

Fund X

(In millions)Total Invested CapitalTotal ValueCorporate Carve-outs$2,904 $3,615 Opportunistic Buyouts6,973 9,186 Distressed1289 1,166 Total$10,166 $13,967 

Fund IX

(In millions)Total Invested CapitalTotal ValueCorporate Carve-outs$6,284 $12,313 Opportunistic Buyouts15,067 24,152 Distressed11,785 4,294 Total$23,136 $40,759 

Fund VIII

(In millions)Total Invested CapitalTotal ValueCorporate Carve-outs$3,122 $7,297 Opportunistic Buyouts13,237 20,005 Distressed1567 754 Total$16,926 $28,056 1 The distressed investment strategy includes distressed for control, non-control distressed and other