Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 67

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 67
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10 AIOF I201837 897 803 1,280 — — 1,280 22 16 HVF II20225,333 4,592 4,214 1,081 3,660 4,518 5,599 16 12 HVF I20191,910 3,238 3,698 4,478 820 1,317 5,795 22 17 Total Equity$69,829 $111,920 $102,520 $135,302 $33,693 $46,238 $181,540 1 Accord funds have investment periods shorter than 24 months, therefore Gross and Net IRR are presented after 12 months of investing. 2 The general partners and managers of Funds I, II and MIA, as well as the general partner of Fund III, were excluded assets in connection with the reorganization of the Company that occurred in 2007. As a result, Apollo did not receive the economics associated with these entities. The investment performance of these funds, combined with Fund IV, is presented to illustrate fund performance associated with Apollo’s investment professionals.3 Total IRR is calculated based on total cash flows for all funds presented.4 Data has not been presented as the fund’s effective date is less than 24 months prior to the period indicated and such information was deemed not meaningful.5 Vintage Year is not yet applicable as the fund has not had its final closing.

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Equity

The following table summarizes the investment record for distressed investments made in our traditional private equity fund portfolios since the Company’s inception. All amounts are as of June 30, 2025.

(In millions, except percentages)Total Invested CapitalTotal ValueGross IRRDistressed for Control$8,993 $20,149 29 %Non-Control Distressed6,374 12,587 71 Total15,367 32,736 49 Corporate Carve-outs, Opportunistic Buyouts and Other Credit175,899 132,828 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