Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 31

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 31
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 respect to the assets in the Athora Accounts. Apollo managed or advised $54.1 billion, $52.4 billion and $51.6 billion of AUM on behalf of Athora as of March 31, 2025, December 31, 2024 and March 31, 2024, respectively.

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The following tables summarize changes in total AUM for Apollo’s investing strategies within the Asset Management segment:

Three months ended March 31, 20252024(In millions)CreditEquityTotalCreditEquityTotalChange in Total AUM1:Beginning of Period$616,387 $134,650 $751,037 $515,523 $135,253 $650,776 Inflows237,577 9,122 46,699 36,856 2,360 39,216 Outflows2(19,941)(315)(20,256)(17,940)(1,800)(19,740)Net Flows17,636 8,807 26,443 18,916 560 19,476 Realizations(1,350)(2,100)(3,450)(5,056)(2,586)(7,642)Market Activity38,672 2,456 11,128 6,881 1,513 8,394 End of Period$641,345 $143,813 $785,158 $536,264 $134,740 $671,004 1 At the individual strategy level, inflows include new subscriptions, commitments, capital raised, other increases in available capital, purchases, acquisitions and portfolio company appreciation. Outflows represent redemptions, other decreases in available capital and portfolio company depreciation. Realizations represent fund distributions of realized proceeds. Market activity represents gains (losses), the impact of foreign exchange rate fluctuations and other income.2 Inflows and outflows reflected above include $3.4 billion for Total AUM related to a strategy realignment of certain funds from Credit to Equity as of January 1, 2025 with no impact to net flows presented for the three months ended March 31, 2025. Outflows for Total AUM include redemptions of $1.6 billion and $1.5 billion during the three months ended March 31, 2025 and 2024, respectively.3 Includes foreign exchange impacts of $3.4 billion and $(1.7) billion