Company: APO
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119946
Chunk: 446

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-14
Form: 424B3
Chunk 446
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-1(f)of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, or any successor statute, rules or regulations thereto (the “Exchange Act”), (d) Parent, the Merger Subs, or any other Person having any equity interest in, or any right to acquire any equity interest in, the Merger Subs or any person of which any Merger Sub is a direct or indirect Subsidiary or (e) any “immediate family member” (as defined in Item 404 of Regulation S-K)or “affiliate” or “associate” (as defined in Section 12b-2of the Exchange Act) of any of the foregoing (such holders, other than those listed in (a)-(e) above, the “Non-UnitholderStockholders”), of the Class A Corporate Merger Consideration to be paid to the Non-UnitholderStockholders in the Transaction. In connection with this opinion, we have:

| (i) | Reviewed the financial terms and conditions of the Agreement; |

| (ii) | Reviewed certain publicly available historical business and financial information relating to the Company and 
 Buyer;                                                                                                        |

| (iii) | Reviewed (A) various financial forecasts and other data provided by Management and utilized at the                                                                                  
 direction of the Special Committee relating to the business of the Company and (B) certain publicly available financial forecasts and other data relating to the business of Buyer; |

| (iv) | Held discussions with members of the senior management of the Company with respect to the business and 
 prospects of the Company;                                                                              |

| (v) | Reviewed public information with respect to certain other companies in lines of business we believe to be 
 generally relevant in evaluating the business of the Company;                                             |

| (vi) | Reviewed the financial terms of certain business combinations involving companies in lines of business 
 comparable in certain respects to the business of the Company;                                         |

| (vii) | Reviewed historical stock prices and trading volumes of the Company Class A Common Stock and Buyer Common 
 Stock; and                                                                                                |

| (viii) | Conducted such other financial studies, analyses and investigations as we deemed appropriate. |

E-2

Special Committee of The Board of Directors

Bridge Investment Group Holdings Inc. February 23, 2025

Page
3

We have assumed and relied upon the accuracy and completeness of the foregoing information,
without independent verification of such information. We have not conducted any independent valuation