Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 29

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 29
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$53,785 $137,716 AUM Not Currently Generating Performance Fees7,086 5,014 12,100 Uninvested Performance Fee-Eligible AUM25,540 33,543 59,083 Total Performance Fee-Eligible AUM$116,557 $92,342 $208,899 

December 31, 2024(In millions)CreditEquityTotalPerformance Fee-Generating AUM 1$92,532 $57,665 $150,197 AUM Not Currently Generating Performance Fees10,454 4,354 14,808 Uninvested Performance Fee-Eligible AUM30,695 27,779 58,474 Total Performance Fee-Eligible AUM$133,681 $89,798 $223,479 1 Performance Fee-Generating AUM of $7.0 billion, $8.8 billion and $6.1 billion as of March 31, 2025, March 31, 2024 and December 31, 2024, respectively, are above the hurdle rates or preferred returns and have been deferred to future periods when the fees are probable to not be significantly reversed.

111

The components of Fee-Generating AUM by investing strategy are presented below:

 March 31, 2025(In millions)CreditEquityTotalFee-Generating AUM based on capital commitments$— $25,876 $25,876 Fee-Generating AUM based on invested capital13,488 29,106 42,594 Fee-Generating AUM based on gross/adjusted assets444,718 6,535 451,253 Fee-Generating AUM based on NAV64,638 10,797 75,435 Total Fee-Generating AUM$522,844 $72,314 1$595,158 1 The weighted average remaining life of the traditional private equity funds as of March 31, 2025 was 65 months.

 March 31, 2024(In millions)CreditEquityTotalFee-Generating AUM based on capital commitments$216 $28,018 $28,234 Fee-Generating AUM based on invested capital10,665 29,329 39,994 Fee-Generating AUM based on gross/adjusted assets373,456 5,463 378,919 Fee-Generating AUM based