Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 45

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 45
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Total Performance Fee-Eligible AUM$130,896 $89,282 $220,178 

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 $16.1 billion, $6.7 billion and $6.1 billion as of September 30, 2025, September 30, 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.

132

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

 September 30, 2025(In millions)CreditEquityTotalFee-Generating AUM based on capital commitments$— $32,634 $32,634 Fee-Generating AUM based on invested capital14,430 46,830 61,260 Fee-Generating AUM based on gross/adjusted assets496,734 6,256 502,990 Fee-Generating AUM based on NAV75,055 13,087 88,142 Total Fee-Generating AUM$586,219 $98,807 1$685,026 1 The weighted average remaining life of the traditional private equity funds as of September 30, 2025 was 59 months.

 September 30, 2024(In millions)CreditEquityTotalFee-Generating AUM based on capital commitments$223 $25,204 $25,427 Fee-Generating AUM based on invested capital11,731 32,382 44,113 Fee-Generating AUM based on gross/adjusted assets405,910 5,323 411,233 Fee-Generating AUM based on NAV61,146 9,104 70,250 Total Fee-Generating AUM$479,010 $72,013 1$551,023 1 The weighted average remaining life of the traditional private equity funds at September 30