Apollo Global Management Performance allocations decreased by 1.1% to $3.55B in Q4 2025 compared to the prior quarter. Over 2 years (FY 2023 to FY 2025), Performance allocations shows an upward trend with a 9.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates strong investment performance and higher potential for incentive fee revenue, while a decrease suggests lower realized gains or missed performance targets.
Performance allocations represent the share of investment profits earned by the firm as a general partner or manager. Th...
Commonly reported by private equity and hedge fund managers as carried interest or performance fees.
other_performance_allocations| Q4 '23 | Q4 '24 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|
| Value | $2.94B | $3.27B | $3.60B | $3.55B |
| QoQ Change | — | +11.3% | +9.8% | -1.1% |
| YoY Change | — | +11.3% | — | +8.6% |
| Segment | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| Asset Management | $2.81B | $2.90B | $3.01B | $3.11B | $3.01B | $3.11B | $3.07B | $3.25B |
| Total | — | — | — | — | — | — | — | $3.60B |