Company: APO
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001193125-25-079161
Chunk: 131

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-11
Form: S-4
Chunk 131
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In connection with the special
committee’s and the Bridge Board’s evaluation of the mergers and the other transactions contemplated by the merger agreement with Apollo, in December 2024, at the request of the special committee, Bridge’s management team updated its
unaudited financial projections to take into account, among other considerations, the uncertainty facing Bridge’s business and the timing for various key developments (including interest rates, the real estate sector, fundraising prospects and
the broader economy) as well as the sensitivity in the financial projections to the degree of success forecasted to be achieved by a number of new strategies that had either been recently launched or were anticipated to be launched in the future,
Bridge’s more recent performance, Bridge’s 2025 approved annual budget and certain challenges facing the real estate sector and the asset management industry in general. These projections consisted of (i) an updated and extended

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forecast for 2024 to 2029 (the “December Baseline Projections”) and (ii) an alternative case for the forecast for 2024 to 2029 reflecting certain increased growth assumptions (the “December Projections”). The December Baseline Projections and the December Projections were reviewed with the special committee and the Bridge Board, and also provided to Lazard and J.P. Morgan, with the December Baseline Projections approved by the special committee for Lazard’s use and by the Bridge Board for J.P. Morgan’s use in connection with Lazard’s and J.P. Morgan’s respective financial analyses and opinions, summarized in the section entitled “ The Mergers—Opinions of Bridge’s and the Special Committee’s Financial Advisors” beginning on page [ ] of this proxy statement/prospectus. The December Baseline Projections and December Projections were also provided to Apollo in connection with Apollo’s due diligence review of Bridge and evaluation of the transactions. The following is a summary of the December Baseline Projections (in thousands):

|                                                    |     | 2024E |            |     | 2025E |            |     | 2026E |            |     | 2027E |            |     | 2028E |            |     | 2029E |            |
|:---------------------------------------------------|:----|:------|-----------:|:----|:------|-----------:|:----|:------|-----------:|:----|:------|-----------:|:----|:------|-----------:|:----|:------|-----------:|
| Gross