Company: APO
Filing Date: 2025-05-12
Form Type: S-4/A
Source: 0001193125-25-117912
Chunk: 135

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-12
Form: S-4/A
Chunk 135
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 realized performance allocations less incentive fee compensation, realized performance allocations compensation, and non-controlling interest 
 attributable for Bridge’s closed-end funds.                                                                                                                                                           |

| (5) | Distributable Earnings Attributable to Bridge LLC differs from net income before the provision for income                                                                                                                                           
 taxes, computed in accordance with GAAP in that it does not include depreciation and amortization, income (loss) from consolidated Bridge-sponsored funds, unrealized performance allocations and related compensation expense, unrealized gains    
 (losses), share-based compensation, cash net income attributable to non-controlling interests, charges (credits) related to corporate actions and non-recurring items.                                                                              
 Such items, where applicable, include: charges associated with acquisitions or strategic investments, changes in the TRA liability, corporate conversion costs, amortization and any impairment charges associated with acquired intangible assets, 
 transaction costs associated with acquisitions, impairment charges associated with lease right-of-use assets, gains and losses from the retirement of debt, charges                                                                                 
 associated with contract terminations and employee severance.                                                                                                                                                                                       |

| (6) | Total Shares reflects the number of shares of Class A common stock forecasted to be outstanding as of the                                             
 end of the applicable period. The number of shares of Class A common stock outstanding was assumed to increase by 2% on January 1 on an annual basis. |

The following is a summary of the December Projections (in thousands):

|                                                    |     | 2024E |            |     | 2025E |            |     | 2026E |            |     | 2027E |            |     | 2028E |            |     | 2029E |             |
|:---------------------------------------------------|:----|:------|-----------:|:----|:------|-----------:|:----|:------|-----------:|:----|:------|-----------:|:----|:------|-----------:|:----|:------|------------:|
| Gross Assets Under Management (AUM)(1)             |     | $     | 51,438,939 |     | $     | 56,369,379 |     | $     | 62,164,480 |     | $     | 72,887,381 |     | $     | 85,304,635 |     | $     | 101,217,649 |
| Fee Earning AUM(2)                                 |     | $     | 22,095,