Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 37

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 37
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 14,808 Uninvested Performance Fee-Eligible AUM30,695 27,779 58,474 Total Performance Fee-Eligible AUM$133,681 $89,798 $223,479 

December 31, 2023(In millions)CreditEquityTotalPerformance Fee-Generating AUM 1$77,026 $51,444 $128,470 AUM Not Currently Generating Performance Fees9,412 6,886 16,298 Uninvested Performance Fee-Eligible AUM22,933 34,047 56,980 Total Performance Fee-Eligible AUM$109,371 $92,377 $201,748 1 Performance Fee-Generating AUM of $6.1 billion and $5.4 billion as of December 31, 2024 and December 31, 2023, 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.

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

 December 31, 2024(In millions)CreditEquityTotalFee-Generating AUM based on capital commitments$— $24,678 $24,678 Fee-Generating AUM based on invested capital12,462 33,271 45,733 Fee-Generating AUM based on gross/adjusted assets421,421 5,547 426,968 Fee-Generating AUM based on NAV61,960 9,327 71,287 Total Fee-Generating AUM$495,843 $72,823 1$568,666 1 The weighted average remaining life of the traditional private equity funds as of December 31, 2024 was 60 months.

 December 31, 2023(In millions)CreditEquityTotalFee-Generating AUM based on capital commitments$221 $27,868 $28,089 Fee-Generating AUM based on invested capital10,216 29,583 39,799 Fee-Generating AUM based on gross/adjusted assets360,777 5,436 366,213 Fee-Generating AUM based on NAV50,822 8,029 58,851 Total Fee-Generating AUM$422,036 $70,916 1$492,952 1 The