Apollo Global Management Asset Management — Net Transfers In (Out) decreased by 123.3% to -$134.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 129.6%, from $452.00M to -$134.00M. This is a positive signal — lower values indicate better performance for this metric.
Net transfers into Level 3 indicate a reduction in market liquidity or transparency for those assets, increasing valuation risk.
Reflects the net movement of assets between different levels of the fair value hierarchy (e.g., from Level 2 to Level 3)...
Standard disclosure for fair value hierarchy reconciliations in financial reporting.
apo_segment_asset_management_net_transfers_in_out| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$236.00M | -$167.00M | $0.00 | -$13.60B | -$286.00M | -$148.00M | -$2.00M | $0.00 | $0.00 | $0.00 | $0.00 | -$70.00M | $452.00M | -$607.00M | -$60.00M | -$134.00M |
| QoQ Change | — | +29.2% | +100.0% | — | +97.9% | +48.3% | +98.6% | +100.0% | — | — | — | — | +745.7% | -234.3% | +90.1% | -123.3% |
| YoY Change | — | — | — | — | -21.2% | +11.4% | +100.0% | +100.0% | +100.0% | — | +100.0% | — | — | — | +14.3% | -129.6% |