Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 368

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 368
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 I, II and III176 — 1 1 40 13 53 Athora24 (22)— (22)(60)— (60)Credit Strategies108 61 1 62 102 6 108 EPF Funds129 3 6 9 8 6 14 FCI Funds91 — — — (1)— (1)Freedom Parent Holdings68 12 — 12 58 — 58 Fund X514 109 — 109 315 — 315 Fund IX1,191 (100)137 37 (407)353 (54)Fund VIII2— (2)1 (1)(18)4 (14)Fund VI37 — 2 2 — 6 6 HVF I75 9 — 9 16 4 20 HVF II155 17 24 41 (13)111 98 MidCap FinCo42 — 8 8 — 20 20 Redding Ridge Holdings199 24 8 32 46 25 71 Bridge Funds171 (7)6 (1)(7)6 (1)Other1,3749 82 61 143 160 223 383 Total$3,733 $203 $275 $478 $293 $800 $1,093 Total, net of profit sharing payable4/expense$1,805 $171 $133 $304 $200 $331 $531 1 As of September 30, 2025, certain funds had $200 million in general partner obligations to return previously distributed performance fees. The fair value gain on investments and income at the fund level needed to reverse the general partner obligations was $1.9 billion as of September 30, 2025. 2 As of September 30, 2025, the remaining investments and escrow cash of Fund VIII was valued at 85% of the fund’s unreturned capital, which was below the required escrow ratio of 115%. As a result, the fund is required to place in escrow current and future performance fee distributions to the general partner until the specified return ratio of 115% is met (at the time of a future distribution) or upon liquidation. As of September 30, 2025