Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 400

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 400
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175,899 132,828 21 Total$91,266 $165,564 39 %1 Other Credit is defined as investments in debt securities of issuers other than portfolio companies that are not considered to be distressed.

The following tables provide additional detail on the composition of the Fund X, Fund IX and Fund VIII private equity portfolios based on investment strategy. Amounts for Fund I, II, III, IV, V, VI and VII are included in the table above but not presented below as their remaining value is less than $100 million, the fund has been liquidated or the fund commenced investing capital less than 24 months prior to June 30, 2025 and such information was deemed not meaningful. All amounts are as of June 30, 2025.

Fund X

(In millions)Total Invested CapitalTotal ValueCorporate Carve-outs$720 $1,157 Opportunistic Buyouts7,730 9,580 Distressed1288 1,132 Total$8,738 $11,869 

Fund IX

(In millions)Total Invested CapitalTotal ValueCorporate Carve-outs$5,805 $11,842 Opportunistic Buyouts15,460 24,283 Distressed11,785 4,334 Total$23,050 $40,459 

Fund VIII

(In millions)Total Invested CapitalTotal ValueCorporate Carve-outs$2,704 $7,060 Opportunistic Buyouts13,344 19,868 Distressed1567 754 Total$16,615 $27,682 1 The distressed investment strategy includes distressed for control, non-control distressed and other credit. Other credit is defined as investments in debt securities of issuers other than portfolio companies that are not considered to be distressed.

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Perpetual Capital

The following table summarizes the investment record for the perpetual capital vehicles we manage, excluding Athene and Athora-related assets.

Total Returns(In millions)IPO Year1Total AUMFor the Three Months Ended June 30, 2025For the Three Months Ended June 30, 2024For the Six Months Ended June 30, 2025For the Six Months Ended June 30, 2024ADS2N/A$22,510 2 %3 %4 %6 %MidCap FinCo3N/A13,009 4 %4