Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 401

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 401
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%8 %8 %ARI420099,842 4 %(9)%18 %(10)%MFIC4,520043,892 1 %3 %(1)%16 %ADREF6N/A5,155 — %1 %— %(2)%ADCF6N/A1,702 3 %2 %5 %5 %ARIS6N/A1,582 1 %1 %3 %3 %Other7N/A14,551 N/AN/AN/AN/ATotal$72,243 1 An initial public offering (“IPO”) year represents the year in which the vehicle commenced trading on a national securities exchange. 2 ADS is not a publicly traded vehicle and therefore IPO year is not applicable. The returns presented are net returns based on NAV.3 MidCap FinCo is not a publicly traded vehicle and therefore IPO year is not applicable. The returns presented are a gross return based on NAV. The net returns based on NAV were 3% and 3% for the three months ended June 30, 2025 and 2024, respectively. The net returns based on NAV were 7% and 6% for the six months ended June 30, 2025 and 2024, respectively.4 Total returns are based on the change in closing trading prices during the respective periods presented taking into account dividends and distributions, if any, as if they were reinvested without regard to commission.5 AUM is presented on a three-month lag, as of March 31, 2025, based upon the availability of the information.6 ADREF, ADCF and ARIS are not publicly traded vehicles and therefore IPO years are not applicable. The returns presented are for their respective Class I shares and are net returns based on NAV. 7 Other includes, among others, AUM of $1.9 billion related to a publicly traded business development company from which Apollo earns investment-related service fees, but for which Apollo does not provide management or advisory services, as of March 31, 2025. Returns and IPO year are not provided for this AUM. Other also includes AUM of $8.9 billion related to third-party capital within AAA.

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Summary of Non-U.S. GAAP Measures

The table below sets forth a reconciliation of net income attributable to Apollo Global Management, Inc. common stockholders to Segment Income and Adjusted Net Income: