Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 33

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 33
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 of Period$495,843 $72,823 $568,666 $422,036 $70,916 $492,952 Inflows239,956 5,221 45,177 29,448 1,510 30,958 Outflows2,3(19,656)(5,696)(25,352)(21,306)(1,005)(22,311)Net Flows20,300 (475)19,825 8,142 505 8,647 Realizations(848)(289)(1,137)(1,148)(518)(1,666)Market Activity47,549 255 7,804 6,258 (94)6,164 End of Period$522,844 $72,314 $595,158 $435,288 $70,809 $506,097 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 $2.0 billion for FGAUM 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 Fee-Generating AUM include redemptions of $1.5 billion and $1.3 billion during the three months ended March 31, 2025 and 2024, respectively.3 Included in the Equity outflows for FGAUM for the three months ended March 31, 2025 is $4.5 billion related to the expiration of Fund VIII's fee-paying period. 4 Includes foreign exchange impacts of $2.6 billion and $(1.3) billion during the three months ended March 31, 2025 and 2024, respectively. 

Three Months Ended March 31, 2025

Total Fee-Generating AUM was $595.2 billion at March 31, 2025, an increase of $26.5 billion, or 4.7%, compared to $568.7 billion at December 31,